LIC Nepal Collects Rs.18.22 Arba In Premium In FY 2078/79 [Q4 Report]

August 15, 2022 | Investopaper

Life Insurance Corporation Nepal (LICN) has reported a rise in premium collection by 6 percent in the fiscal year 2078/79. Based on the unaudited report, the insurance has total premium of Rs 18.22 Arba. In the previous fiscal year 2077/78, such premium stood at Rs 17.14 Arba.

Similarly, the net claim has inclined by 23 percent to Rs. 9.06 Arba. In the previous year, the net claim stood at Rs. 7.35 Arba.

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LIC Nepal has made a total investment of Rs. 95.4 Arba as of Ashad’s end 2079 BS. The investment has grown by 17 percent in a year.

The insurance has posted a net loss of Rs. 8.74 crores. This is due to the provision for possible losses that amounted to Rs. 29.59 crores. The company has a paid-up capital of Rs 2.65 Arba with the assurance fund at Rs. 93.63 Arba.

The major financial indicators of  LIC Nepal for the fiscal year 2078/79 include:

Major Financial Indicators Of LIC Nepal (LICN), FY 2078/79

Paid-up Capital: Rs 2.65 Arba

Reserve & Surplus: Rs 0.61 Arba

Life Assurance Fund: Rs 93.63 Arba

Total Premium: Rs 18.22 Arba

Net Premium: Rs 18.13 Arba

Net Claim: Rs 9.06 Arba

Total Investments  & Loans: Rs 95.4 Arba

Income From Investment & Loans: Rs 8.62 Arba

Management Expenses: Rs 0.96 Arba

Net Profit: Rs -8.74 crores

Number Of Policies: 709,780

Earnings Per Share (EPS):Rs -3.3

Networth Per Share: Rs 136.79

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The fourth-quarter report of Life Insurance Corporation Nepal (LICN) is summarized in the table below:

Life Insurance Corporation Nepal (LICN): Report Summary, FY 2078/79

Financial Indicators F.Y. 2078/79 F.Y. 2077/78 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 2.65 2.21 19.91
Reserve & Surplus (Rs. ‘Arba’) 0.61 0.64 -4.69
Life Assurance Fund  (Rs. ‘Arba’) 93.63 81.06 15.51
Total Premium (Rs. ‘Arba’) 18.22 17.14 6.30
Net Premium (Rs. ‘Arba’) 18.13 17.04 6.40
Net Claim (Rs. ‘Arba’) 9.06 7.35 23.27
Total Investments  & Loans (Rs. ‘Arba’) 95.4 81.12 17.60
Income From Investment & Loans  (Rs. Arba’) 8.62 7.91 8.98
Management Expenses  (Rs. ‘Arba’) 0.96 0.9 6.67
Net Profit  (Rs. ‘crores’) -8.74 19.09
Number Of Policies 709,780 741,239 -4.24
Earnings Per Share (Rs.) -3.3
Networth Per Share (Rs.) 136.79
Market Price Per Share (Rs.) [Ashad end, 2079 BS] 1415
P/E Ratio

Source: Unaudited Q4 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.

The net profit doesn’t include the profit after the actuary valuation. The actual profit is likely to differ from that stated in the unaudited report. 

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