Kathmandu: NLG Insurance Company has earned a total premium of Rs 1.77 billion in the third quarter end of current fiscal year. The company had earned Rs. 1.69 billion in the same period last fiscal year 2077/78.
NLG’s profit has declined by 20 percent in the third quarter. The company has earned a profit of Rs. 178 million in the third quarter of the current fiscal year. It’s profit was Rs. 223.1 million in the corresponding period of the FY.
However, there has been a significant increase in claims payments this year. It has paid total claim of Rs. 411.2 million in the first third quarter. The claim payment was Rs. 381.3 million on corresponding period of last FY. The company has Rs 1.75 billion unpaid claims.
The paid up capital is Rs 1.20 billion and the reserve fund is Rs. 399.8 million. The company has an earnings per share(EPS) of Rs 18 and a net worth of Rs. 229 per share.