Nepal Life Insurance Records 237.29% Growth in Net Profit

Feb 05, 2023 09:51 AM Merolagani

The net profit of Nepal Life Insurance Company (NLIC) has logged impressive growth in the second quarter of the current FY.

The company recorded 237.29 percent growth in net profit during the period. It earned net profit of Rs 440.1 million compared to Rs 130.4 million of the corresponding period of the last FY.

In the review period, its net insurance premium increased by 1.60 percent to Rs 18.40 billion.

Along with its net profit, its EPS also increased by Rs 7.10 to Rs 10.73. the company has P/E ratio of 68.44 times and net worth per share of Rs 116.01.

During the period, the company increased its paid-up capital by 14 percent, reserve fund by 72.59 percent, life insurance fund by 20.84 and catastrophic fund by 15.82 percent.

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