Kathmandu. National Insurance Company for the fiscal year 2082. The company has published unrevised financial statements up to the second quarter of 83 quarters.
The company earned a net profit of Rs 17.72 crore in the first six months of the current FY. Previous fiscal year 2081. The company posted a net profit of Rs 34.66 crore in the same period. In the review period, the profit decreased by 48.87 percent compared to the previous year.
The company has a paid-up capital of Rs 26.66 crore, special reserve of Rs 3.24 billion, catastrophe fund of Rs 701.11 million, retained earnings of Rs 2.55 billion and other equity of Rs 10.45 billion. As of mid-July of the previous year, the company had a special reserve of Rs 3.15 billion, a catastrophe fund of Rs 692.2 million, retained earnings of Rs 2.47 billion and other equity of Rs 10.70 billion.
The company has earned a net profit of Rs 48.66 crore in the review period. The company had earned a net profit of Rs 97.29 crore in the same period last year. The company’s total premium has decreased by 49.99 percent in the review period compared to the previous year.
The company has earned Rs 8.58 crore in net insurance premium till mid-January of the current FY. Likewise, the net insurance premium has decreased by 46.58 percent in the review period compared to the previous year. The company had earned Rs 16.07 crore in the same period last year.
The company’s insurance fund stood at Rs 75.19 crore in the review period. In the same period of the previous year, the insurance fund was Rs 37.79 crore. The size of the insurance fund has increased by 95.95 percent.
As of the second quarter, the company’s annualized earnings per share (EPS) stood at Rs 66.48. The EPS was Rs. 130.02 in the previous year. The net worth per share of the company stands at Rs 6,461.26.
