Nepal Life Insurance Reports Net Loss Of Rs. 35.27 Crores In FY 2078/79 [Q4 Report]

August 12, 2022 | Investopaper

Nepal Life Insurance (NLIC), one of the leading life insurance company in Nepal, has reported a net loss of Rs. 35.27 crores in the fiscal year 2078/79. This is due to the provision for possible losses that amounted to Rs. 77.80 crores.

NLIC earned a  total premium income of Rs 35.44 Arba, up from Rs 31.96 Arba of the previous fiscal year. As of Ashad’s end 2079 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 2078/79 include:

Major Financial Indicators Of Nepal Life Insurance (NLIC), FY 2078/79

Paid-up Capital: Rs 8.2 Arba

Reserve & Surplus: Rs 0.28 Arba

Life Assurance Fund: Rs 136.79 Arba

Total Premium: Rs 35.44 Arba

Net Premium: Rs 35.44 Arba

Net Claim: Rs 14.16 Arba

Total Investments  & Loans: Rs 143.81 Arba

Income From Investment & Loans: Rs 12.09 Arba

Management Expenses: Rs 2.43 Arba

Net Profit: (Rs 35.27 crores)

Number Of Policies: 1,421,897

Earnings Per Share (EPS): (4.3)

Networth Per Share: 112.29


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

Financial Indicators F.Y. 2078/79 F.Y. 2077/78 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 8.2 7.19 14.05
Reserve & Surplus (Rs. ‘Arba’) 0.28 1.01 -72.28
Life Assurance Fund  (Rs. ‘Arba’) 136.79 112.51 21.58
Total Premium (Rs. ‘Arba’) 35.44 32.36 9.52
Net Premium (Rs. ‘Arba’) 34.98 31.96 9.45
Net Claim (Rs. ‘Arba’) 14.16 8.78 61.28
Total Investments  & Loans (Rs. ‘Arba’) 143.81 117.19 22.72
Income From Investment & Loans  (Rs. Arba’) 12.09 10.3 17.38
Management Expenses  (Rs. ‘Arba’) 2.43 2.43 0.00
Net Profit  (Rs. ‘crores’) -35.27 53.59
Number Of Policies 1,421,897 1,381,433 2.93
Earnings Per Share (Rs.) -4.3
Networth Per Share (Rs.) 112.29
Market Price Per Share (Rs.) [Ashad end, 2079 BS] 740
P/E Ratio -172.09

Source: Unaudited Q4 Report, FY 2078/79


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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