Nepal Life Insurance Records Plain Growth

May 12, 2023 09:59 AM Merolagani

Nepal Life Insurance Company (NLIC) published its third quarter of the current FY.

As per the report, the company recorded 3.24 percent growth in net insurance premium  during the period. It earned net insurance premium of Rs 26.83 billion compared to Rs 25.99 billion of the corresponding period of the last FY.

Similarly, the company logged net profit of Rs 446.5 million compared to net loss of Rs 190 million of the review period of the last FY.

The company maintained EPS of Rs 7.25, P/E ratio of 93.19 times and net worth per share of Rs 116.01.

The company with paid-up capital of Rs 8 billion has  reserve fund of Rs 486.7 million, life insurance fund of Rs 157 billion and catastrophic fund of Rs 833.7 million.

 

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