Kathmandu. Asian Life Insurance Company for the fiscal year 2082. The company has released the unrevised financial statements for the third quarter (July-March) of 83 B.S.
The company has earned a net profit of Rs 34.73 crore in the first half of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 33.47 crore in the year ended March 2018. The company’s net profit increased by 3.79 percent in the review year compared to the previous year.
During the review period, the company had a net worth of Rs 10.99 crore in premium, Rs 32.22 crore in catastrophe fund, Rs 71.73 crore in retained earnings and Rs 10.14 crore in other equity. As of mid-July of the previous year, the catastrophe fund stood at Rs 28.74 crore, Rs 86.70 crore in retained earnings and Rs 9.80 crore in other equities.
As of mid-April of the current FY, the company’s life insurance fund stood at Rs 51.45 billion. In the same period of the previous year, the life insurance fund was Rs 45.63 billion. The size of the company’s life insurance fund increased by 12.74 percent in the review period compared to the previous year.
During the review period, the company earned Rs 7.40 billion in total insurance premiums. The company had posted a net profit of Rs 6.46 billion in the same period. The company’s total premium has increased by 14.53 percent compared to the previous year.
The company has earned Rs 7.26 billion in net insurance premium till mid-April of the current FY. The company had earned a net profit of Rs 6.37 billion in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 13.92 percent.
The company’s annual earnings per share (EPS) has increased to Rs 9.26 from Rs 5.11 billion. The EPS was Rs 8.92 a year ago. The company has a P/E ratio of 50.08 times and the net worth per share is Rs 125.01.
