May 13, 2021 | Investopaper
Nepal Life Insurance Company Limited (NLIC) has posted a profit of Rs. 50.66 crores until the third quarter of this fiscal year 2077/78. As per the unaudited report, the profit has increased by 8 percent as compared to the corresponding period of the previous year. Last year, the NLIC earned Rs. 46.75 crores until the third quarter.
Nepal Life Insurance has collected a net premium of Rs. 24.95 Arba during the nine months period. This is 35 percent higher than the same period of the previous year. However, the net claim has surged by 40 percent to Rs. 7.29 Arba.
As of Chaitra end 2077 BS, NLIC has a paid-up capital of Rs. 7.19 Arba with Rs. 1.12 Arba in reserve and surplus. The company has Rs. 107.61 Arba in life assurance fund.
The annualized per share earnings (EPS) and per share net-worth stand at Rs. 9.38 and Rs. 123.92 respectively.
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The summarized version of the quarterly report is presented in the table below:
Nepal Life Insurance Company (NLIC): Financial Highlights Of Third Quarter, FY 2077/78
|Financial Indicators||Q3, F.Y. 2077/78||Q3, F.Y. 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘Arba’)||7.19||5.49||30.97|
|Reserve & Surplus (Rs. ‘Arba’)||1.12||2.73||-58.97|
|Life Assurance Fund (Rs. ‘Arba’)||107.61||81.37||32.25|
|Total Premium (Rs. ‘Arba’)||25.37||18.67||35.89|
|Net Premium (Rs. ‘Arba’)||24.95||18.41||35.52|
|Net Claim (Rs. ‘Arba’)||7.29||5.19||40.46|
|Total Investments & Loans (Rs. ‘Arba’)||101.46||86.31||17.55|
|Management Expenses (Rs. ‘Arba’)||95.08||85.67||10.98|
|Net Profit (Rs. ‘crores’)||50.66||46.75||8.36|
|Number Of Policies||1,370,136||1,280,310||7.02|
|Earnings Per Share (Rs.)||9.38|
|Networth Per Share (Rs.)||123.92|
|Market Price Per Share (Rs.) [Chaitra end, 2077 BS]||2112|
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, 2077. At current, the numbers may vary.
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