Kathmandu: Nepal Life Insurance, National Life Insurance and Life Insurance Corporation Nepal (LIC Nepal) are established are among the three largest life insurance companies of Nepal. These companies have made public their financial statements for the fourth quarter of FY 77/78. Comparing the business of these life insurance companies, Nepal Life Insurance is ahead in many indicators.
Based on paid up capital:
Nepal Life Insurance has a paid up capital of Rs 7.19 billion, National Life Insurance has a paid up capital of Rs 3.39 billion and LIC Nepal has a paid up capital of Rs 2.21 billion.
Based on reserve fund:
Nepal Life is ahead in the reserve fund. Nepal Life has a reserve fund of Rs 1.1 billion. Similarly, National Life has a reserve fund of Rs 882.4 million and LIC Nepal has a reserve fund of Rs 648.7 million.
Based on Life Insurance Fund:
Nepal Life has the highest life insurance fund. It’s life insurance fund is of Rs. 112 billion. Similarly, LIC Nepal has a life insurance fund of Rs. 81.06 billion and National Life has a life insurance fund of Rs. 42.42 billion.
Based on the sum insured:
During the 12-month period, Nepal Life earned Rs 31.96 billion in net premiums, while LIC Nepal earned Rs 17.04 billion and National Life Insurance earned Rs 12.11 billion in net premiums.
Based on net profit:
Nepal Life is ahead in terms of net profit. During this 12-month period, Nepal Life has made a net profit of Rs 535.9 million while National Life Insurance has made a net profit of Rs 401.2 million. Similarly, Life Insurance Corporation Nepal has made a net profit of Rs 190.9 million.
Nepal Life’s earnings per share is Rs 7.44, National Life’s earnings per share is Rs 11.83 and LIC Nepal’s earnings per share is Rs 8.64.
However, in the case of a life insurance company, the actual profit is yet to be assessed and the actual profit will come only after the actual assessment.
By book value:
The book value of Nepal Life Insurance is 122 rupees 30 paise, the book value of LIC Nepal is 141 rupees 43 paise and the book value of National Life is 134 rupees 81 paise.
By market price:
Based on the final market price, the market price of LIC Nepal is Rs 2,400, the market price of Nepal Life is Rs 1,918 and the market price of National Life is Rs 1,216.