Nepal Life Insurance Earns Rs. 44.65 Crores In 9 Months [Q3 Report]

May 12, 2023 | Investopaper

Nepal Life Insurance Company Limited (NLIC) has posted a profit of Rs. 44.65 crores until the third quarter of this fiscal year 2079/80. As per the unaudited report, the profit has increased as compared to the corresponding period of the previous year. Last year, the NLIC had posted a net loss of Rs. 19.45 crores until the third quarter.

Nepal Life Insurance has collected a net premium of Rs. 26.83 Arba during the nine months period. This is 3 percent higher than the same period of the previous year. Similarly, the net claim has surged by 11 percent to Rs. 11.82 Arba.

As of Chaitra end 2079 BS, NLIC has a paid-up capital of Rs. 8.2 Arba with Rs. 48.67 crores in reserve and surplus. The company has Rs. 157.16 Arba in life assurance fund.

The annualized per share earnings (EPS) and per share net-worth stand at Rs. 7.25 and Rs. 116.01 respectively.

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Dividend History Of Nepal Life Insurance Company Limited (NLIC)

The summarized version of the quarterly report is presented in the table below:

Nepal Life Insurance Company (NLIC): Financial Highlights Of Third Quarter, FY 2079/80

Financial Indicators Q3, F.Y. 2079/80 Q3, F.Y. 2078/79 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 8.2 8.2 0.00
Reserve & Surplus (Rs. ‘Arba’) 0.48 0.44 9.09
Life Assurance Fund  (Rs. ‘Arba’) 157.16 131.16 19.82
Total Premium (Rs. ‘Arba’) 27.25 26.43 3.10
Net Premium (Rs. ‘Arba’) 26.83 25.99 3.23
Net Claim (Rs. ‘Arba’) 11.82 10.6 11.51
Total Investments  & Loans (Rs. ‘Arba’) 162.26 135.13 20.08
Management Expenses  (Rs. ‘Arba’) 1.18 1.11 6.31
Net Profit  (Rs. ‘crores’) 44.65 -19.45
Number Of Policies 1,010,876 1,399,908 -27.79
Earnings Per Share (Rs.) 7.25
Networth Per Share (Rs.) 116.01
Market Price Per Share (Rs.) [Chaitra end, 2079 BS] 676
P/E Ratio 93.24

Source: Unaudited Q3 Report, FY 2079/80


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 share price, as well as the P/E ratio, is based on the data of Chaitra end, 2079 BS. At current, the numbers may vary. 

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