Kathmandu. Sanima Reliance Life Insurance for the financial year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the company has earned a profit of Rs 27.61 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 23.16 crore in the year ended December 1982. The company’s profit increased by 19.21 percent compared to the previous year.
During the review period, the company had a net loss of Rs 17.53 crore in catastrophe fund and Rs 26.57 crore in retained earnings. As of mid-July of the previous year, there was Rs 14.78 crore in the catastrophe fund, Rs 53.27 crore in retained earnings and Rs 7.82 crore in other equity.
As of mid-January of the current FY, the company’s life insurance fund stood at Rs 21.90 billion. In the same period of the previous year, the life insurance fund was Rs 16.60 billion. The life insurance fund size of the company has increased by 31.92 percent in the review period compared to the previous year.
The company has earned a total insurance premium of Rs 3.68 billion in the review period. During the same period, the company earned Rs 3.20 billion in total insurance premiums. The company’s total premium has increased by 15.14 percent compared to the previous year.
The company earned Rs 3.55 billion in net insurance premium till mid-January of the current FY. The company had posted a net profit of Rs 3.11 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 14.30 percent.
The company’s annual earnings per share (EPS) has increased to Rs 11.01 from Rs 5.01 billion. Last year, the EPS was Rs 9.36. The company has a net worth of Rs 108.26 with a P/E ratio of 36.31 times.
