Kathmandu. Himalayan Life Insurance Company Limited (HLIC) in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years.
According to the report, the company made a profit of Rs 31.77 crore in the last FY. Previous fiscal year 2081. The company had posted a net profit of Rs 54.69 crore in the quarter of March 2018. The company’s net profit declined by 41.90 percent compared to the previous year.
In the review year, the company had a catastrophic fund of Rs 472.2 crore and retained earnings of Rs 1.04 billion. In the previous year, the catastrophe fund was Rs 46.59 crore, retained earnings were Rs 70.29 crore and other equities were negative by Rs 14.43 crore.
In the last fiscal year, the company’s life insurance fund stood at Rs 89.41 billion. In the previous fiscal year, the life insurance fund was Rs 76.94 billion. The life insurance fund size of the company increased by 16.21 percent in the review period compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 18.69 billion. Last year, the company earned Rs 17.66 billion in total insurance premiums. The company’s total premium has increased by 5.84 percent compared to the previous year.
In the last FY, the company earned Rs 18.32 billion in net insurance premium. The company had posted a net insurance premium of Rs 17.26 billion in the previous fiscal year. The company’s net premium has increased by 6.17 percent in the review year compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 3.48 from Rs 9.14 billion. The EPS was Rs 5.98 a year ago. The company has a net worth of Rs 93.31 per share with a P/E ratio of 92.59 times.
