Kathmandu. Sun Nepal Life Insurance Company The financial statements of 82 have been made public.
According to the financial statement, Sun Nepal Life has earned a profit of Rs 542.4 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 574.9 million in 2017-19. Compared to the previous fiscal year, the company’s profit decreased by 5.65 percent in the review year.
In the review year, the company has rs 196.6 million in disaster fund, Rs 986.8 million in retained earnings and Rs 292.9 million in other equities. In the previous fiscal year, the disaster fund stood at Rs 145.7 million, retained earnings at Rs 489.4 million and other equities at Rs 281.2 million.
In the last fiscal year, the company’s life insurance fund stood at Rs 10.10 billion. In the previous year, the life insurance fund stood at Rs 7.60 billion. The size of the company’s life insurance fund increased by 32.68 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 4.53 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 3.88 billion. Compared to the previous year, the company’s total insurance revenue increased by 16.83 percent in the review year.
In the last fiscal year, the company earned Rs 4.32 billion in net insurance premium. In the same period of the previous fiscal year, the company had earned Rs 3.45 billion in net insurance premium. The company’s net insurance revenue has increased by 25.30 percent compared to the previous year.
The company’s annualised earnings per share (EPS) declined to Rs 11.22 from Rs 5.86 billion. Last year, the EPS was Rs 14.51. The company has a net worth of Rs 154.235 per share with a PE ratio of 43.72 times.
