Kathmandu. Suryajyoti Life Insurance Company ltd. The bank has made public the revised financial statements for the third quarter (July-March) of 2018.
According to the financial statement, Suryajyoti Life has earned a profit of Rs 295.7 million till the review period. The company had posted a net profit of Rs 224.2 million in the same period of the previous fiscal year. The company’s profit has increased by 31.90 percent compared to the same period of the previous fiscal year.
As of the third quarter of the current fiscal year, the company has rs 391.9 million in disaster fund, Rs 411.9 million in retained earnings and Rs 459.9 million in other equities. As of Mid-July last year, the disaster fund stood at Rs 377.1 million, retained earnings at Rs 1.15 billion and other equities at Rs 468.8 million. The size of the Disaster Fund has increased compared to mid-June last year.
As of the third quarter, the company’s life insurance fund stood at Rs 39.45 billion. In the same period last year, the life insurance fund stood at Rs 31.84 billion. The size of the company’s life insurance fund increased by 23.90 percent in the review period compared to the previous year.
The company has earned a total insurance premium of Rs 7.63 billion till Mid-April of the current fiscal year. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 6.52 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has increased by 17.07 percent.
The company has earned a net insurance premium of Rs 7.51 billion till the third quarter. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 6.37 billion. The company’s net insurance revenue has increased by 17.85 percent compared to the previous year.
The company’s annualised earnings per share (EPS) increased to Rs 7.87 billion from Rs 5.01 billion. Last year, the EPS was Rs 6.58. The company has a net worth of Rs 125.41 per share with a PE ratio of 55.90 times.
