Kathmandu. Nepal Reinsurance Company Company in the last 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 incurred a loss of Rs 7.98 billion till the end of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 53.26 crore in the same period. The impact of the damage caused by the Genji agitation has been felt by the state-owned reinsurance company.
During the review period, the company has a paid-up capital of Rs 13.42 billion, special reserve of Rs 4.92 billion, catastrophe fund of Rs 42.76 crore and other equity of Rs 782.3 billion. As of mid-July of the previous year, the company had a special reserve of Rs 4.92 billion, a catastrophe fund of Rs 42.76 crore, a retained earnings of Rs 93.37 crore and other equity of Rs 82.23 crore.
The company has earned a total insurance premium of Rs 4.09 billion in the current FY. The company had posted a net profit of Rs 4.37 billion in the same period last year. The company’s total premium income decreased by 6.39 percent in the review period compared to the previous year.
The company earned a net insurance premium of Rs 3.64 billion in the review period. The company had posted a net insurance premium of Rs 4.16 billion in the same period last year. Compared to the previous year, the net premium has decreased by 8.88 percent.
The company’s earnings per share (EPS) during the review period stood at Rs 59.49. The EPS was Rs 3.97 a year ago. The net worth per share of the company has come down to Rs 93.16.
