Kathmandu. Reliable Nepal Life Insurance has announced the financial year 2082. The company has made public the unaudited financial statements for the third quarter (July-March) of 2018.
According to the financial report, the company has earned a profit of Rs 47.04 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 46.57 crore in the quarter of March 2018. The company’s net profit increased by 0.99 percent in the review year compared to the previous year.
During the review period, the company had a share premium of Rs 1.39 billion, catastrophe fund of Rs 27.68 crore, retained earnings of Rs 68.30 crore and other equity of Rs 4.76 crore. As of mid-July of the previous year, the company had Rs 1.39 billion in share premium, Rs 22.97 crore in disaster fund, Rs 88.89 crore in retained earnings and Rs 40.4 million in other equity.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 16.34 billion. In the same period of the previous year, the life insurance fund was Rs 12.44 billion. The size of the life insurance fund of the company increased by 31.38 percent in the review period compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 4.60 billion. The company had earned Rs 3.69 billion in total insurance premiums in the same period. The company’s total premium has increased by 24.88 percent compared to the previous year.
The company has earned Rs 4.35 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net profit of Rs 3.47 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 25.15 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 12.07 from Rs 5.19 billion. Last year, the EPS was Rs 13.38. The company has a net worth of Rs 146.17 per share with a P/E ratio of 38.61 times.
