Kathmandu. Citizen 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.
According to the financial report, the company has earned a profit of Rs 360 million in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 35.76 crore in the quarter ended March 1988. The company’s net profit increased by 0.67 percent in the review year compared to the previous year.
During the review period, the company had a total of Rs 44.96 crore in premium, Rs 26.63 crore in catastrophe fund, Rs 470.9 crore in retained earnings and Rs 37.12 crore in other equity. As of mid-July of the previous year, the company had invested Rs 44.96 crore in share premium, Rs 230.3 million in catastrophe fund, Rs 1.15 billion in retained earnings and Rs 368.9 million in other equity.
The company’s life insurance fund stood at Rs 24.55 billion as of mid-April this year. In the same period of the previous year, the life insurance fund was Rs 18.02 billion. The size of the company’s life insurance fund has increased by 36.27 percent in the review period compared to the previous year.
The company has earned a total insurance premium of Rs 6.21 billion in the review period. The company had earned Rs 5.08 billion in total insurance premiums in the same period. The company’s total premium has increased by 22.38 percent in the review year compared to the previous year.
The company has earned Rs 5.94 billion in net insurance premium till mid-April of the current fiscal year. The company had earned a net insurance premium of Rs 4.81 billion in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 23.40 percent.
The company’s EPS has increased to Rs 9.60 per share from Rs 5 billion. Last year, the EPS was Rs. 9.54. The company has a net worth per share of Rs 131.17 with a P/E ratio of 48.54 times.
