Kathmandu. Himalayan Life Insurance for the fiscal year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the company has earned a net profit of Rs 20.67 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 37.62 crore in the year ended December 1982. The company’s net profit declined by 45.06 percent in the review year compared to the previous year.
During the review period, the company had a net loss of Rs 46.11 crore in catastrophe fund and Rs 94.76 crore in retained earnings. As of mid-July of the previous year, the catastrophe fund had Rs 46.59 crore, retained earnings of Rs 70.29 crore and other equities were negative by Rs 14.43 crore.
As of mid-January of the current FY, the company’s life insurance fund stood at Rs 82.89 billion. In the same period of the previous year, the life insurance fund was Rs 70.40 billion. The size of the company’s life insurance fund increased by 17.75 percent in the review period compared to the previous year.
During the review period, the company earned a total insurance premium of Rs 8.62 billion. During the same period last year, the company earned Rs 8.26 billion in total premiums. The company’s total premium has increased by 4.31 percent compared to the previous year.
The company has earned Rs 8.40 billion in net insurance premiums till mid-January of the current FY. The company had posted a net profit of Rs 8.06 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 4.30 percent.
The company’s earnings per share (EPS) has decreased to Rs 4.52 from Rs 9.14 billion. The EPS was Rs. 11.41 a year ago. The company has a net worth of Rs 106.91 per share with a P/E ratio of 80.69 times.
