Kathmandu:Nepal Insurance Company has published the financial statement of the fourth quarter of the Fiscal Year 2077/78. According to the company’s published financial statements, most of the company’s indicators are improved.
The company’s insurance fund stood at Rs. 595.7 million during the review period. It was Rs.422 million in the corresponding period of the previous fiscal year. The insurance fund of the company has increased by 41.13 percent compared to the same period of the previous FY.
The company has a paid-up capital of Rs 1.24 billion and a reserve fund of Rs.426 million. The reserve fund of the company was Rs. 396.3 million in the corresponding period of the previous FY. The amount in the company’s reserve fund has increased compared to the same period of the previous FY.
It has earned Rs. 714.2 million in the last fiscal year 2077/78. The company had earned net insurance premium of Rs. 669.3 million in the previous FY. Compared to the same period of the previous FY, the company’s own premium income is 7 percent higher.
The company’s net profit has increased by 32.99 percent compared to the same period of the previous FY.The company’s net profit for the period stood at Rs 348.7 million.
Similarly, the company has paid claims of Rs. 218 million during the review period. The company had paid Rs 171.8 million in the same period of the previous FY.
It’s earnings per share during the period stood at Rs. 28.07. Net worth per share is Rs 181.81. The PE ratio is 36.40 times.