Nepal Life Insurance Collects Rs. 40.84 Arba in Premium in FY 2080/81 [Q4 Report]
August 13, 2024 | Investopaper
Nepal Life Insurance (NLIC), one of the leading life insurance company in Nepal, has reported a net profit of Rs. 51.39 crores in the fiscal year 2080/81.
NLIC earned a total premium income of Rs 40.84 Arba, up from Rs 36.51 Arba of the previous fiscal year. As of Ashad’s end 2081 BS, the company has a paid-up capital of Rs. 8.2 Arba.
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The major financial indicators of NLIC for the fiscal year 2080/81 include:
Major Financial Indicators Of Nepal Life Insurance (NLIC), FY 2080/81
Paid-up Capital: Rs 8.2 Arba
Reserve & Surplus: Rs 2.38 Arba
Life Assurance Fund: Rs 198.33 Arba
Total Premium: Rs 40.84 Arba
Net Premium: Rs 40.11 Arba
Net Benefits and Claim Paid: Rs 49.46 Arba
Total Investments & Loans: Rs 198.06 Arba
Income From Investment & Loans: Rs 18.59 Arba
Net Profit: Rs 51.39 crores
Number Of Policies:1,467,128
Earnings Per Share (EPS): 6.26
Networth Per Share:129.11
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Nepal Life Insurance (NLIC): Report Summary, FY 2080/81
| Financial Indicators | F.Y. 2080/81 | F.Y. 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘Arba’) | 8.2 | 8.2 | 0.00 |
| Reserve & Surplus (Rs. ‘Arba’) | 2.38 | 2.87 | -17.07 |
| Life Assurance Fund (Rs. ‘Arba’) | 198.33 | 163.39 | 21.38 |
| Total Premium (Rs. ‘Arba’) | 40.84 | 37.16 | 9.90 |
| Net Premium (Rs. ‘Arba’) | 40.11 | 36.51 | 9.86 |
| Net Benefits & Claim Paid (Rs. ‘Arba’) | 49.46 | 43.9 | 12.67 |
| Total Investments & Loans (Rs. ‘Arba’) | 198.06 | 169.86 | 16.60 |
| Income From Investment & Loans (Rs. Arba’) | 18.59 | 15.75 | 18.03 |
| Net Profit (Rs. ‘crores’) | 51.39 | 39.29 | 30.80 |
| Number Of Policies | 1,467,128 | 1,159,583 | 26.52 |
| Earnings Per Share (Rs.) | 6.26 | ||
| Networth Per Share (Rs.) | 129.11 |
Source: Unaudited Q4 Report, FY 2080/81
Note:
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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