Profit of Life Insurance Corporation Decreases

Aug 17, 2018 Merolagani

As per the financial report published by Life Insurance Corporation Nepal (LICN), the company has earned a net profit of Rs 83.5 million in the last FY compared to Rs 116.7 million of the previous FY.

The net profit earning of the company decreased by Rs 30 million in the review period.

During the period, the company earned Rs 10.40 billion net premium which has increased by Rs 2 billion compared to the previous FY.

The company with Rs 1.33 billion in paid-up capital has reserve fund of Rs 651.2 million and life insurance fund of Rs 43.20 billion.

Life Insurance Corporation has announced of distributing 15 percent bonus share after which its paid-up capital will reach Rs 1.81 billion.

In the review period, it paid Rs 2.42 billion in insurance claims.

The company has EPS of Rs 8.17, P/E ratio of 198.47 times and net worth per share of Rs 159.03.

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