Kathmandu. Liberty Micro Life Insurance Company was a company in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years. According to the company’s financial report, most of the company’s indices have risen.
According to the financial report, the company has earned a profit of Rs 4,62,000 in the last fiscal year. Previous fiscal year 2081. The company made a profit of Rs 1.14 crore in the review period. The company’s net profit declined in the review year compared to the previous fiscal year.
In the review year, the company has a calamity fund of Rs 8,67,000, Rs 60.84 lakh in retained earnings and Rs 1.81 crore in other equity. Last year, the company had Rs 8.20 lakh in the catastrophe fund, Rs 57.57 lakh in retained earnings and Rs 1.81 crore in other equity.
In the last fiscal year, the company’s life insurance fund stood at Rs 44.42 crore. In the previous year, the insurance fund was Rs 19.26 crore. The size of the company’s insurance fund has increased by 132 percent in the review year compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 52.33 crores. Last year, the company earned a net profit of Rs. 32.62 crores. The company’s total premium has increased in the review year compared to the previous year.
The company earned a net insurance premium of Rs 44.01 crore in the review year. In the previous fiscal year, the company had earned a net premium of Rs 27.14 crore. Compared to the previous year, the company’s net premium has increased by 62 percent.
