Kathmandu. Nepal Reinsurance Company (Nepal Re) for the fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S. <\/p>\n
According to the financial report, the company had incurred a loss of Rs 5.84 billion in the last fiscal year. Previous fiscal year 2081. The company had posted a net profit of Rs 54.82 crore in the same period. The impact of the damage caused by the Genji agitation has been felt by the state-owned reinsurance company. <\/p>\n
During the review period, the company has a paid-up capital of Rs 13.42 billion, special reserve of Rs 4.92 billion, catastrophe fund of Rs 42.76 crore and other equity of Rs 79.23 billion. As of mid-July of the previous year, the company had a special reserve of Rs 4.92 billion, a catastrophe fund of Rs 42.76 crore, a retained earnings of Rs 93.37 crore and other equity of Rs 82.23 crore. <\/p>\n
The company earned Rs 6.79 billion in insurance premiums till mid-April last year. The company had posted a net profit of Rs 7.83 billion in the same period last year. The company’s total premium has decreased by 13.23 percent in the review period compared to the previous year. <\/p>\n
The company has earned a net premium of Rs 5.83 billion in the review period. The company had posted a net profit of Rs 7.11 billion in the same period last year. Compared to the previous year, the net premium income decreased by 18.01 percent. <\/p>\n
The company’s earnings per share (EPS) during the review period stood at Rs 43.51. The EPS was Rs 5.45 a year ago. The net worth per share of the company has come down to Rs 109.20. <\/p>\n
Administrative Analysis<\/strong><\/span><\/p>\n }<\/p>\n The company has successfully established itself as the preferred reinsurance company in the country. It has also established itself as a trusted reinsurance company among international brokers and reinsurance companies. The reduction in the interest rate proposed by the banks and financial institutions during the review period has affected the investment return of the company. In order to diversify, the company plans to increase its investment in other options as per the directive of the Nepal Insurance Authority. The decline in economic activity in the country and global economic tensions have affected the growth of the insurance industry. <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Nepal Reinsurance Company (Nepal Re) for the fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S. According to the financial report, the company had incurred a loss of Rs 5.84 billion in the last fiscal year. Previous fiscal year 2081. The company had […]<\/p>\n","protected":false},"author":16,"featured_media":220306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45102],"tags":[],"class_list":["post-308291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-reinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=308291"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308291\/revisions"}],"predecessor-version":[{"id":308292,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308291\/revisions\/308292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/220306"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=308291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=308291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=308291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}