Kathmandu. National Insurance Company for the fiscal year 2082. It has published unaudited financial statements for the third quarter of FY83. According to the financial statement, most of the company’s indices have fallen.
As of the third quarter of the current FY, the company has a paid-up capital of Rs 3.29 billion in special reserves, Rs 707.6 million in catastrophe fund, Rs 2.60 billion in retained earnings and Rs 10.50 billion in other equity.
As of mid-July of the previous year, the company had invested Rs 3.15 billion in special reserves, Rs 692.2 million in catastrophe fund, Rs 2.47 billion in retained earnings and Rs 10.70 billion in other equities.
During the review period, the company earned a total income of Rs. 94.83 crores. In the same quarter last year, the company earned Rs 1.5 billion in total insurance premium. The company’s total premium has decreased in the review period compared to the previous year.
In the review year, the company earned a net insurance premium of Rs 16.16 crores. Compared to the previous fiscal year, the net insurance premium has also decreased. The company had earned a net insurance premium of Rs 16.68 crore in the same quarter of the previous year
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In the review period, the company spent Rs 78.67 crore on reinsurance. The company had spent Rs 85.41 crore in the same period last year.
The company earned a net profit of Rs 28.89 crore during the quarter under review. The company had posted a net profit of Rs 39.56 crore in the same quarter last year. The company’s profit has also decreased in the review period compared to the previous year.
The company has EPS of Rs 108.37. The net worth per share of the company is Rs 6,524.10.
