Financial Status of Nepal Reinsurance Company in Q3

May 14, 2020 09:31 AM Merolagani

Nepal Reinsurance Company (NRICL) that issued IPO just before lockdown has published a third-quarter report of the current FY.

As per the report, the company earned Rs 60.2 million from life insurance and Rs 563.2 million from non-life insurance.

The company earned Rs 56.7 million from life insurance and Rs 501.2 million from non-life insurance in the corresponding period of the last FY.

In the review period, the company earned net insurance premium of Rs 2.81 billion from non-life insurance and Rs 199.8 million from life insurance.

The company with Rs 8.40 billion in paid-up capital has reserve fund of Rs 2.05 billion from reserve fund, Rs 1.47 billion from insurance fund. The company has Rs 484.6 million in reserve fund of life insurance.

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