Kathmandu. Sanima Reliance Life Insurance has published its unrevised financial statements for the current fiscal year 2083. The first quarter of 84 (July-September).
According to the financial statements, the company has earned a profit of Rs 15.02 crore till September of the current financial year. In the previous financial year 2082. The company had earned a profit of Rs 14.96 crore till September of the previous financial year. The company’s profit increased by 0.40 percent in the review period compared to the previous financial year.
The company has paid-up capital of Rs 5.01 billion and has Rs 21.35 crore in catastrophe fund, Rs 60.62 crore in retained earnings and Rs 9.35 crore in other equity.
As of mid-July last year, the disaster fund had amounted to Rs 18.59 crore, retained earnings of Rs 35.98 crore and other equity of Rs 8.68 crore.
The life insurance fund of the company stood at Rs 26.83 billion during the review period. The life insurance fund stood at Rs 20.87 billion in the same period last year. The size of the company’s life insurance fund increased by 28.53 percent in the review year compared to the previous year.
The company earned a total insurance premium of Rs 2.27 billion till September of the current year. In the same period last year, the company had earned a total premium of Rs 1.84 billion. The company’s total premium income increased by 23.27 percent in the review year compared to the previous year.
The company earned a net premium of Rs 2.19 billion during the review period. In the previous year, the company had earned a net premium of Rs 1.78 billion. The company’s net insurance premium has increased by 21.12 percent compared to the previous year.
The company’s annualized earnings per share (EPS) has increased to Rs 11.98 for the end of the current financial year. EPS was Rs 11.93 in the previous year. The company’s net worth per share is Rs 118.21 with a PE ratio of 31.63 times.
