Kathmandu. Sun Nepal Life Insurance Company for the fiscal year 2082. The company has released 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 340 million in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 32.89 crore in the year ended March 2018. The company’s net profit increased by 3.35 percent in the review year compared to the previous year.
During the review period, the company had a share premium of Rs 1.29 billion, a catastrophe fund of Rs 23.32 crore, a retained earnings of Rs 30.64 crore and other equity of Rs 34.89 crore. As of mid-July of the previous year, the company had invested Rs 1.24 billion in share premium, Rs 204.6 million in catastrophe fund, Rs 1.05 billion in retained earnings and Rs 304.9 million in other equities.
As of mid-April of the current fiscal year, the company has a life insurance fund of Rs 11.90 billion. In the same period of the previous year, the life insurance fund was Rs 9.51 billion. The size of the life insurance fund of the company has increased by 25.04 percent in the review period compared to the previous year.
In the review period, the company earned Rs 3.52 billion in total insurance premiums. The company had earned Rs 3.71 billion in total insurance premiums in the same period. The company’s total premium has decreased by 5.08 percent compared to the previous year.
The company has earned Rs 3.39 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net profit of Rs 3.34 billion in the same period last year. The company’s net premium has increased by 1.60 percent compared to the previous year.
The company’s annual earnings per share (EPS) has decreased to Rs 8.55 from Rs 5.28 billion. The EPS was Rs. 11.07 a year ago. The company has a net worth per share of Rs 141.38 with a P/E ratio of 53.59 times.
