Net Insurance Premium of Nepal Life Exceeds 17 Bn

Feb 12, 2021 10:01 AM Merolagani

Nepal life Insurance (NLIC) has published its financial report for the second quarter of the current FY. as per the report, the net insurance premium of the company has exceeded Rs 17 billion.

In the review period, the company earned Rs 17.08 billion in net insurance premium compared to Rs 13.91 billion of the corresponding period of the last FY.

During the period, the company logged net profit of Rs 429.7 million. The net profit increased by 22.47 percent compared to Rs 350.9 million of the last FY.

In the review period, the company earned Rs 19.8 million from reinsurance commission, Rs 3.53 billion from loans and other and Rs 982 million from loans against policies of Rs 17.88 billion.

The company issued 1,335,467 insurance policies and has earned Rs 136.72 billion from totoal insurance premium. It paid Rs 5.24 billion to 26,483 policies and has outstanding payment of Rs 1.29 billion.

The company logged EPS of Rs 11.94, net worth per share of Rs 122.95 and P/E ratio of 204.04 times.

The company has paid-up capital of Rs 7.19 billion, reserve fund of Rs 1.05 billion, life insurance fund of Rs 101.28 billion and disaster fund of Rs 598.9 million.  

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