Kathmandu. Surya Jyoti Life Insurance Company for the financial year 2082. The company has released the unrevised financial statements for the third quarter (July-March) of 83 B.S. With this, Surya Jyoti Life Insurance has become the first insurance company to publish its financial statements for the first 3 months of the current fiscal year.
According to the financial report, Surya Jyoti Life has earned a profit of Rs 33.03 crore in the first quarter of the current fiscal year. Previous fiscal year 2081. The company had posted a net profit of Rs 29.57 crore in the quarter ended March 2018. The company’s net profit increased by 11.69 percent in the review year compared to the previous year.
During the review period, the company had a calamity fund of Rs 45.30 crore, retained earnings of Rs 53.40 crore and other equity of Rs 29.02 crore. As of mid-July last year, it had Rs 420 million in catastrophe fund, Rs 92.36 crore in retained earnings and Rs 31.84 crore in other equities.
In the first half of the current FY, the company’s life insurance fund stood at Rs 48.43 billion. In the previous year, the life insurance fund was Rs 39.45 billion. The size of the company’s life insurance fund increased by 22.76 percent in the review period compared to the previous year.
In the review period, the company earned Rs 8.74 billion in total insurance premiums. The company had earned Rs 7.63 billion in insurance premiums in the same period last year. The company’s total premium has increased by 14.49 percent compared to the previous year.
The company has earned Rs 8.61 billion in net insurance premium till mid-April of the current FY. The company had posted a net profit of Rs 7.51 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 14.67 percent.
The company’s annual earnings per share (EPS) has increased to Rs 8.79 from Rs 5.01 billion. The EPS was Rs. 7.87 in the previous year. The company has a net worth of Rs 125.49 per share with a P/E ratio of 50.64 times.
