Kathmandu. Reliable Nepal Life Insurance has announced the financial year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the company’s financial report, the company has earned a net profit of Rs 25.85 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 19.93 crore as of mid-September 2018. The company’s net profit increased by 29.65 percent in the review year compared to the previous year.
During the review period, the company has a calamity fund of Rs 25.56 crore, retained earnings of Rs 1.11 billion and other equity of Rs 5.76 crore. As of mid-July of the previous year, the disaster fund was Rs 22.97 crore, Rs 88.79 crore in retained earnings and Rs 40.4 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 14.31 billion. In the same period of the previous year, the life insurance fund was Rs 10.83 billion. The size of the company’s life insurance fund has increased by 32.15 percent in the review period compared to the previous year.
The company has earned a net profit of Rs 1.51 billion in the review period. The company had posted a net profit of Rs 1.20 billion in the same period. The company’s total premium has increased by 25.30 percent compared to the previous year.
The company has earned Rs 1.42 billion in net insurance premium till mid-September of the current fiscal year. The company had earned Rs 1.12 billion in net insurance premium in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 27.48 percent.
The company’s annual earnings per share (EPS) has increased to Rs 19.90 from Rs 5.19 billion. The EPS was Rs. 17.19 a year ago. The company has a net worth per share of Rs 154.29 with a P/E ratio of 21.91 times.
