Kathmandu. Sanima Reliance Life Insurance 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 profit of Rs 34.08 crore in the first half of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 33.76 crore in the same period last year. The company’s profit increased by 0.95 percent in the review year compared to the previous year.
During the review period, the company had a catastrophic fund of Rs 18.17 crore, retained earnings of Rs 32.28 crore and other equity of Rs 7.96 crore. As of mid-July of the previous year, there was Rs 14.78 crore in the catastrophe fund, Rs 53.27 crore in retained earnings and Rs 7.82 crore in other equity.
As of mid-April of the current fiscal year, the company’s life insurance fund stood at Rs 23.29 billion. In the same period of the previous year, the life insurance fund was Rs 17.81 billion. The size of the life insurance fund of the company increased by 30.76 percent in the review period compared to the previous year.
During the review period, the company earned a net profit of Rs 5.49 billion. During the same period last year, the company earned Rs 4.79 billion in total insurance premiums. The company’s total premium has increased by 14.54 percent compared to the previous year.
The company has earned Rs 5.31 billion in net insurance premium till mid-April of the current fiscal year. The company had earned a net premium of Rs 4.65 billion in the same period last year. The company’s net premium has increased by 14.32 percent compared to the previous year.
The company’s annual earnings per share (EPS) has increased to Rs 9.06 from Rs 5.01 billion. Last year, the EPS was Rs 8.45. The company has a PE ratio of 44.16 times and the net worth per share is Rs 111.65.
