Kathmandu. Liberty Micro Life Insurance for the financial year 2082. The company has published its unrevised financial statements for the second quarter of 2018.
According to the financial report, the company has earned a profit of Rs 73.10 lakh in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 58.52 lakh in the review period. The company’s net profit increased by 24.91 percent in the review year compared to the previous year.
During the review period, the company had a calamity fund of Rs 89,914, retained earnings of Rs 1,37,87,000 and other equity of Rs 1,80,89,000. As of mid-July of the previous year, it had Rs 8,20,000 in the catastrophe fund, Rs 57,57,000 in retained earnings and Rs 1,81,87,000 in other equities.
As of mid-January of the current fiscal year, the company’s life insurance fund stood at Rs 32.21 crore. In the same period of the previous year, the life insurance fund was Rs 5.25 crore. The size of the life insurance fund of the company increased by 513.36 percent in the review period compared to the previous year.
The company has earned a net profit of Rs 23.55 crore in the review period. During the same period, the company earned Rs 8.09 crore in total insurance premium. The company’s total premium has increased by 190.83 percent compared to the previous year.
The company has earned Rs 19.75 crore in net insurance premium till mid-January of the current fiscal year. The company had posted a net profit of Rs 6.74 crore in the same quarter last year. Compared to the previous year, the company’s net premium has increased by 192.68 percent.
The company’s annual earnings per share (EPS) has increased to Rs 2.78 from Rs 52.50 crore. The EPS was Rs. 2.23 a year ago.
