Kathmandu. Citizen Life Insurance Company has released its unrevised financial statements for the first quarter (July-September) of the fiscal year 2083. According to the financial statements published by the company, most of the indicators except profit have increased.
According to the financial statements, the company has earned a profit of Rs 10.66 crore in the first three months of the current financial year. In the previous financial year, 2082. The company had earned a profit of Rs 13.14 crore till September of 2018. The company’s profit decreased by 23.90 percent in the review year compared to the previous financial year.
During the review period, the company had a calamity fund of Rs 27.94 crore, retained earnings of Rs 58.70 crore and other equity of Rs 35.86 crore.
Similarly, till mid-July of the previous year, it was Rs 26.94 crore in disaster fund, Rs 49.83 crore in retained earnings and Rs 36.26 crore in other equities.
The life insurance fund of the company stood at Rs 29.16 billion as of mid-September of the current year. The life insurance fund stood at Rs 21.59 billion in the same period last year. The size of the company’s life insurance fund has increased by 35 percent during the review period compared to the previous year.
The company earned a total premium of Rs 2.57 billion during the review period. The company had earned a total premium of Rs 2.23 billion during the same period in the previous year. The company’s total premium income increased by 15.33 percent in the review year compared to the previous year.
The company had earned a net premium of Rs 2.48 billion till mid-September of the current fiscal year. In the same period of the previous fiscal year, the company had earned a net premium of Rs 2.12 billion. The company’s net insurance premium has increased by 16.82 percent compared to the previous year.
The company has an annual earnings per share (EPS) of Rs 8.01 billion. The net worth per share of the company is Rs 133.50.
