Kathmandu. American life insurance company MetLife has announced a financial 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 earned a net profit of Rs 20.35 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 22.25 crore in the year ended December 1982. The company’s net profit declined by 8.56 percent in the review year compared to the previous year.
As of the review period, the company had a catastrophic fund of Rs 632.7 crore, retained earnings of Rs 2.47 billion and other equity of Rs 1.28 billion. As of mid-July last year, the company had Rs 612.0 million in disaster fund, Rs 2.86 billion in retained earnings and Rs 1.24 billion in other equity.
As of mid-January of the current FY, the company’s life insurance fund stood at Rs 31.09 billion. In the same period of the previous year, the life insurance fund was Rs 27.32 billion. The size of the company’s life insurance fund increased by 13.81 percent in the review period compared to the previous year.
In the review period, the company has earned Rs 3.24 billion in total insurance premiums. During the same period, the company earned Rs 2.86 billion in total insurance premiums. Compared to the previous year, the company’s total premium income increased by 13.02 percent.
The company has earned Rs 3.10 billion in net insurance premium till mid-January of the current FY. The company had earned Rs 2.74 billion in net insurance premium in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 13.17 percent.
