Kathmandu. Sanima Reliance Life Insurance for the financial 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 38.38 crore in the last fiscal year. Previous fiscal year 2081. The company had posted a net profit of Rs 37.74 crore in 2018-19. The company’s net profit increased by 1.68 percent in the review year compared to the previous year.
In the review year, the company had a catastrophic fund of Rs 18.59 crore, retained earnings of Rs 35.98 crore and other equity of Rs 8.68 crore. Last year, the disaster fund was Rs 14.78 crore, retained earnings of Rs 53.27 crore and other equity of Rs 7.82 crore.
In the last fiscal year, the company’s life insurance fund stood at Rs 25.12 billion. In the previous year, the life insurance fund was Rs 19.29 billion. The size of the company’s life insurance fund has increased by 30.17 percent in the review period compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 8.09 billion. Last year, the company earned Rs 7.53 billion in total insurance premiums. The company’s total premium has increased by 15.49 percent in the review year compared to the previous year.
In the last fiscal year, the company earned Rs 7.85 billion in net premium. In the previous fiscal year, the company had earned a net premium of Rs 6.76 billion. Compared to the previous year, the company’s net premium has increased by 16.17 percent.
The company’s net profit (EPS) has increased to Rs 7.65 from Rs 5.01 billion. The EPS was Rs 7.53 a year ago. The company has a net worth of Rs 112.62 with a P/E ratio of 49.49 times.
