Kathmandu. Life Insurance Corporation (LIC Nepal) in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years.
According to the financial report, the company has earned a profit of Rs 40.57 crore in the last FY. Previous fiscal year 2081. The company had posted a net profit of Rs 31.58 crore in the review period. The company’s net profit increased by 28.45 percent compared to the previous fiscal year.
In the review year, the company had a share premium of Rs 49.80 crore, a catastrophe fund of Rs 77.35 crore, a retained earnings of Rs 2.65 billion and other equity of Rs 35.50 crore. As of mid-July of the previous year, the company had invested Rs 498.0 million in share premium, Rs 73.29 crore in catastrophe fund, Rs 3.45 billion in retained earnings and Rs 394.1 million in other equities.
In the last fiscal year, the company’s life insurance fund stood at Rs 146.81 billion. In the previous year, the life insurance fund was Rs 132.92 billion. The life insurance fund size of the company has increased by 10.45 percent compared to the previous year.
In the review period, the company earned Rs 21.24 billion in total insurance premiums. In the previous fiscal year, the company earned Rs 19.93 billion in total insurance premiums. The company’s total premium has increased by 6.57 percent compared to the previous year.
In the last FY, the company earned a net insurance premium of Rs 21.14 billion. In the previous fiscal year, the company had earned a net premium of Rs 19.82 billion. Compared to the previous year, the company’s net premium has increased by 6.65 percent.
The company’s net profit (EPS) has increased to Rs 7.38 from Rs 5.50 billion. The EPS was Rs 5.74 a year ago. The company has a net worth of Rs 177.87 with a P/E ratio of 107.05 times.
