Kathmandu. National Life Insurance Company for the financial year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the company has earned a net profit of Rs 41.66 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 40.85 crore in the year ended March 2018. The company’s net profit increased by 1.98 percent in the review year compared to the previous year.
During the review period, the company had a share premium of Rs 2.78 crore, catastrophe fund of Rs 750 million, retained earnings of Rs 52.49 crore and other equity of Rs 42.70 crore. As of mid-July of the previous year, the company had Rs 2.78 crore in share premium, Rs 70.75 crore in catastrophe fund, Rs 87.10 crore in retained earnings and Rs 43.37 crore in other equity.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 1.51 billion. In the same period of the previous year, the life insurance fund was Rs 81.32 billion. The size of the life insurance fund of the company increased by 23.59 percent in the review period compared to the previous year.
The company has earned Rs 16.29 billion in total insurance premiums in the review period. The company had earned Rs 14.26 billion in total insurance premiums in the same period. The company’s total premium has increased by 14.19 percent compared to the previous year.
The company has earned Rs 15.89 billion in net insurance premium till mid-April of the current FY. The company had earned Rs 14.07 billion in net insurance premium in the same period last year. Compared to the previous year, the company’s net premium has increased by 12.93 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 9.95 from Rs 5.69 billion. Last year, the EPS was Rs 10.49. The company has a P/E ratio of 59.7 times and the net worth per share is Rs 130.39.
