National Life Insurance Records 17.88% Growth in Net Insurance Premium

Aug 16, 2022 01:55 PM Merolagani

National Life Insurance (NLICL) has published its fourth-quarter report of the last FY. As per the report, the net insurance premium of the company increased by 17.88 percent to Rs 14.28 billion compared to Rs 12.11 billion of the corresponding period of the previous FY.

The company earned Rs 3.60 billion through investment, loans and other income and Rs 632.2 million from loans against policies of Rs 8.01 billion.

During the period, the net profit of the company has increased by 1.91 percent to Rs 408.8 million compared to Rs 401.2 million of the corresponding period of the last FY.

The company with Rs 4.03 billion in paid-up capital has reserve fund of Rs 667.1 million, life insurance fund of Rs 51.15 billion and disaster fund of Rs 349.3 million.

The company logged EPS of Rs 10.13, net worth per share of Rs 125.19 and P/E ratio of 56.96 times.

 

comments powered by Disqus

NIC Asia Bank’s Net Profit Declines by 52.31%

Apr 19, 2024 07:20 AM

NIC Asia Bank  (NICA) has published its third quarter report of the current FY. As per the report, the bank’s net profit has declined during the period.

Gold Price Breaks Previous Record

Apr 19, 2024 11:12 AM

Value of USD Hits New Record

Apr 19, 2024 11:32 AM