Kathmandu. Nepal Life Insurance Company in the fiscal 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 45.48 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 62.66 crore in the same period last year. The company’s net profit declined by 28.50 percent in the review year compared to the previous year.
During the review period, the company had a catastrophic fund of Rs 1.54 billion, retained earnings of Rs 78.33 crore and other equity of Rs 170.4 million. As of mid-July of the previous year, the company had invested Rs 1.49 billion in disaster fund, Rs 2.25 billion in retained earnings and Rs 223.6 million in other equities.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 265.36 billion. In the same period of the previous year, the life insurance fund was Rs 225.67 billion. The life insurance fund size of the company increased by 17.59 percent in the review period compared to the previous year.
In the review period, the company earned Rs 37.10 billion in total insurance premiums. The company had earned a total insurance premium of Rs 32.87 billion in the same period. The company’s total premium has increased by 12.86 percent compared to the previous year.
The company has earned Rs 36.70 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net profit of Rs 32.50 billion in the same period last year. The company’s net premium has increased by 12.91 percent compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 6.40 from Rs 9.48 billion. The EPS was Rs 9.24 a year ago. The company has a PE ratio of 92.84 times and a net worth per share of Rs 126.33.
