Kathmandu. Sanima Reliance Life Insurance for the financial year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, the company has earned a net profit of Rs 14.96 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 13.29 crore in the year ended September 1982. The company’s net profit increased by 12.53 percent in the review year compared to the previous year.
During the review period, the company had a net worth of Rs 14.92 crore in catastrophe fund and Rs 40.69 crore in retained earnings and negative equity of Rs 2.62 crore. As of mid-July of the previous year, it had Rs 15.74 crore in disaster fund, Rs 34.26 crore in retained earnings and Rs 80.9 crore in other equity.
The company’s life insurance fund stood at Rs 20.87 billion as of mid-September of the current fiscal year. In the same period of the previous year, the life insurance fund was Rs 15.56 billion. The life insurance fund size of the company has increased by 34.12 percent in the review period compared to the previous year.
In the review period, the company has earned a total income of Rs 1.84 billion. During the same period, the company earned a net profit of Rs 1.56 billion. The company’s total premium has increased by 17.99 percent in the review year compared to the previous year.
The company has earned Rs 1.78 billion in net insurance premium till mid-September of the current fiscal year. The company had posted a net profit of Rs 1.50 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 18.52 percent.
The company’s annual earnings per share (EPS) has increased to Rs 11.93 from Rs 5.01 billion. Last year, the EPS was Rs. 10.74. The company has a net worth of Rs 110.57 per share with a P/E ratio of 49.12 times.
