Kathmandu. National Life Insurance Company 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 38.69 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 80.65 lakh till December 1980. The company’s net profit declined by 52.03 percent in the review year compared to the previous year.
During the review period, the company had a net loss of Rs 3.16 crore and Rs 40.76 crore in retained earnings. As of mid-July last year, the amount was Rs 3.16 crore in the disaster fund and Rs 38.54 crore in retained earnings.
As of mid-January of the current fiscal year, the company’s life insurance fund stood at Rs 65.73 billion. In the same period of the previous year, the life insurance fund was Rs 61.98 billion. The size of the company’s life insurance fund has increased by 6.05 percent in the review period compared to the previous year.
The company has earned Rs 6.27 billion in total insurance premiums in the review period. The company had earned Rs 5.79 billion in total insurance premium during the same period. The company’s total premium has increased by 8.24 percent compared to the previous year.
The company has earned Rs 6.24 billion in net insurance premium till mid-January of the current FY. The company had posted a net insurance premium of Rs 5.75 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 8.42 percent.
The company’s earnings per share (EPS) has decreased to Rs 4.28 from Rs 18.10 crore. The EPS was Rs 8.91 a year ago.
