Kathmandu. IME Life Insurance Company for the financial 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 net profit of Rs 36.79 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 36.63 crore in the quarter ended March 1980. The company’s net profit increased by 0.43 percent in the review year compared to the previous year.
During the review period, the company had a share premium of Rs 52.38 crore, catastrophe fund of Rs 29.95 crore, retained earnings of Rs 52.08 crore and other equity of Rs 23.02 crore. As of mid-July of the previous year, the company had posted a net profit of Rs 52.38 crore in premium, Rs 26.28 crore in disaster fund, Rs 71.97 crore in retained earnings and Rs 23.26 crore in other equity.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 16.83 billion. In the same period of the previous year, the life insurance fund was Rs 11.84 billion. The size of the company’s life insurance fund has increased by 42.11 percent in the review period compared to the previous year.
In the review period, the company earned Rs 5.16 billion in total insurance premiums. The company earned Rs 3.73 billion in total insurance premiums in the same period. In the review year, the company’s total premium has increased by 38.35 percent.
The company has earned Rs 5.01 billion in net insurance premium till mid-April of the current fiscal year. The company had earned Rs 3.60 billion in net insurance premium in the same period of the previous FY. The company’s net premium has increased by 39.18 percent compared to the previous year.
The company’s annual earnings per share (EPS) has increased to Rs 9.81 from Rs 5 billion. The EPS was Rs 9.77 a year ago. The company has a net worth of Rs 131.49 with a P/E ratio of 45.46 times.
