Kathmandu. Sun Nepal Life Insurance Company (Sun Nepal Life Insurance Company) has purchased a new lease of life 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 41.85 crore in the last fiscal year. Previous fiscal year 2081. The company made a profit of Rs 54.24 crore in the review period. The company’s net profit declined by 22.84 percent in the review year compared to the previous year.
In the review year, the company has a share premium of Rs 1.30 billion, a catastrophe fund of Rs 240.8 million, a retained earnings of Rs 36.84 crore and other equity of Rs 35.46 crore. In the previous year, the company had invested Rs 1.24 billion in share premium, Rs 204.6 million in catastrophe fund, Rs 1.05 billion in retained earnings and Rs 30.49 crore in other equity.
In the last fiscal year, the company’s life insurance fund stood at Rs 12.90 billion. In the previous fiscal year, the life insurance fund was Rs 10.10 billion. The life insurance fund size of the company has increased by 27.70 percent in the review period compared to the previous year.
In the review period of the current fiscal year, the company earned a total income of Rs 5.09 billion. Last year, the company earned Rs 4.53 billion in insurance premiums. The company’s total premium has increased by 12.27 percent compared to the previous year.
In the last fiscal year, the company earned Rs 4.89 billion in net premium. Last year, the company had earned a net insurance premium of Rs 4.32 billion. Compared to the previous year, the company’s net premium has increased by 13.14 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 7.92 from Rs 5.28 billion. The EPS was Rs. 11.22 in the previous year. The company has a net worth per share of Rs 142.88 with a P/E ratio of 53.27 times.
