Kathmandu. Surya Jyoti Life Insurance Company for the financial year 2082. The company has published its unrefined financial statements for the second quarter (July-December) of 2083. According to the financial report, the company has earned a net profit of Rs 20.18 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 19.61 crore in the year ended December 19, 2018. The company’s net profit increased by 2.90 percent in the review year compared to the previous year.
As of the review period, the company had a catastrophic fund of Rs 44.02 crore, retained earnings of Rs 45.29 crore and other equity of Rs 27.60 crore. As of mid-July of the previous year, it had Rs 420 million in disaster fund, Rs 92.36 crore in retained earnings and Rs 31.84 crore in other equity.
As of mid-January of the current FY, the company’s life insurance fund stood at Rs 46.17 billion. In the same period of the previous year, the life insurance fund was Rs 37.73 billion. The size of the life insurance fund of the company has increased in the review period as compared to the previous year.
The company has earned a net profit of Rs 5.79 billion in the review period. The company had posted a net profit of Rs 6.47 crore in the same period. The company’s total premium has increased in the review year compared to the previous year.
The company has earned Rs 5.71 billion in net insurance premium till mid-January of the current FY. The company had earned Rs 4.98 billion in net insurance premium in the same period of the previous FY. Compared to the previous year, the company’s net premium has increased by 14.62 percent.
The company has a paid-up capital of Rs 5.01 billion and has EPS of Rs 8.06. The company has a net worth of Rs 123.33 with a P/E ratio of 55.69 times.
