Kathmandu. IME Life Insurance Company has published its unaudited financial statements for the current fiscal year 2083. The first quarter (July-September) of the current fiscal year 2083.
According to the financial statements, the company has earned a profit of Rs 14.12 crore till September of the current financial year. In the previous financial year 2082. The company had earned a profit of Rs 15.83 crore till September of the previous financial year. The company’s profit declined by 10.78 percent during the review period compared to the previous financial year.
The company, which has a paid-up capital of Rs 5 billion, had a share premium of Rs 52.38 crore, Rs 32.88 crore in catastrophe fund, Rs 81.64 crore in retained earnings and Rs 28.96 crore in other equity. As of mid-July of the previous year, the company had posted Rs 52.38 crore in share premium, Rs 32.12 crore in catastrophe fund, Rs 71.33 crore in retained earnings and Rs 22.46 crore in other equity.
The life insurance fund of the company stood at Rs 19.97 billion during the review period. The life insurance fund stood at Rs 14.18 billion in the same period last year. The size of the company’s life insurance fund increased by 40.83 percent in the review year compared to the previous year.
The company has earned a total premium of Rs 2.23 billion till September of the current year. The company had earned a total premium of Rs 1.59 billion in the same period last year. The company’s total premium income increased by 40.44 percent in the review year compared to the previous year.
The company earned a net premium of Rs 2.18 billion during the review period. In the previous year, the company had earned a net premium of Rs 1.53 billion. The company’s net insurance premium increased by 42.45 percent compared to the previous year.
The company’s annualized earnings per share (EPS) declined to Rs 11.30 for the end of September of the current financial year. EPS was Rs 12.67 in the previous year. The company’s net worth per share is Rs 139.18 with a PE ratio of 38.88 times.
