Kathmandu. Nepal Life Insurance Company (NLIC) has published a new lease of life in the last fiscal year 2082. The company has made public the unaudited financial statements of 83 years.
According to the financial report, the company has earned a profit of Rs 46.54 crore in the last FY. Previous fiscal year 2081. The company had posted a net profit of Rs 54.76 crore in the review period. The company’s net profit declined by 15.02 percent in the review year compared to the previous year.
In the review year, the company had a calamity fund of Rs 1.54 billion, retained earnings of Rs 79.90 crore and other equity of Rs 12.90 crore. In 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 equity.
In the last fiscal year, the company’s life insurance fund stood at Rs 273.55 billion. In the previous fiscal year, the life insurance fund was Rs 233.72 billion. The size of the company’s life insurance fund increased by 17.04 percent in the review period compared to the previous year.
In the review year, the company earned a total insurance premium of Rs 54.03 billion. In the previous fiscal year, the company earned Rs 48.20 billion in total premiums. The company’s total premium has increased by 12.10 percent compared to the previous year.
The company earned Rs 53.45 billion in net insurance premium in the last FY. In the previous fiscal year, the company had earned a net insurance premium of Rs 47.66 billion. Compared to the previous year, the company’s net premium has increased by 12.14 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 4.91 from Rs 9.48 billion. The EPS was Rs. 6.07 in the previous year. The company has a net worth per share of Rs 126.07 with a PE ratio of 152.07 times.
