Kathmandu. National Life Insurance Company for the financial year 2082. The company has released the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the company has earned a profit of Rs 40.17 lakh in the first half of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 1.54 crore in the quarter ended March 2018. The company’s net profit declined by 73.95 percent in the review year compared to the previous year.
During the review period, the company had a total of Rs 3.16 crore in catastrophe fund and Rs 38.74 crore in retained earnings. As of mid-July of the previous year, the disaster fund had amounted to Rs 3.14 crore and retained earnings of Rs 38.36 crore.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 67.66 billion. In the same period of the previous year, the life insurance fund was Rs 62.19 billion. The life insurance fund size of the company increased by 8.81 percent in the review period compared to the previous year.
In the review period, the company earned Rs 9.16 billion in total insurance premiums. The company had earned Rs 7.79 billion in total insurance premiums in the same period. The company’s total premium has increased by 17.65 percent compared to the previous year.
The company has earned Rs 9.12 billion in net insurance premium till mid-April of the current fiscal year. The company had earned a net profit of Rs 7.73 billion in the same period last year. The company’s net premium has increased by 17.92 percent compared to the previous year.
The company’s earnings per share (EPS) has decreased to Rs 1.66 from Rs 18.10 crore. Last year, the EPS was Rs. 17.04.
