February 11, 2022 | Investopaper
Life Insurance Corporation Nepal (LICN) has collected a total premium of Rs 9.62 Arba. until the second quarter of the current fiscal year 2078/79. This is slightly higher as compared to the corresponding period of the previous year.
As per the unaudited report, the company has posted a net profit of Rs 7.69 crores which is 33 percent lower than the same period last year.
As of Poush’s end 2078 BS, LIC Nepal has a paid-up capital of Rs 2.21 Arba with Rs 1.23 Arba as reserve and surplus. The company has a massive life assurance fund of Rs 86.49 Arba.
The summarized version of the quarterly report is presented in the table below:
Life Insurance Corporation Nepal (LICN): Q2 Report Summary, FY 2078/79
|Financial Indicators||Q2, FY 2078/79||Q2, FY 2077/78||Percent Change|
|Paid-up Capital (Rs. ‘Arba’)||2.21||2.01||9.95|
|Reserve & Surplus (Rs. ‘Arba’)||1.23||0.63||95.24|
|Life Assurance Fund (Rs. ‘Arba’)||86.49||74.24||16.50|
|Total Premium (Rs. ‘Arba’)||9.62||9.61||0.10|
|Net Premium (Rs. ‘Arba’)||9.58||9.56||0.21|
|Net Claim (Rs. ‘Arba’)||5.26||4.52||16.37|
|Total Investments & Loans (Rs. ‘Arba’)||91.66||75.07||22.10|
|Management Expenses (Rs. ‘Arba’)||33.04||38.57||-14.34|
|Net Profit (Rs. ‘crores’)||7.69||11.56||-33.48|
|Earnings Per Share (Rs.)||3.48|
|Networth Per Share (Rs.)||171.32|
|Market Price Per Share (Rs.) [Poush end, 2078 BS]||2164.9|
Source: Unaudited Q2 Report, FY 2078/79
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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