Net Insurance Premium of Nepal Life Insurance Increases

Aug 13, 2023 10:38 AM Merolagani

Nepal Life Insurance (NLIC) has published its fourth quarter report of the last FY.

As per the report, its net insurance premium has increased during the period compared to the corresponding period of the previous FY.

 In the last FY, the company collected net insurance premium of Rs 36.62 billion which is 4.69 percent growth compared to Rs 34.98 billion of the previous FY.

During the period, the company earned net profit of Rs 674.4 million compared to net loss of Rs 352.7 million of the previous FY.

Along with net profit, its EPS also increased to Rs 8.22. It maintained P/E ratio of 90.55 times and net worth per share of Rs 118.84.

The company with Rs 8.20 billion in paid-up capital has reserve fund of Rs 649.7 million. The company has Rs 163.82 billion in life insurance fund and catastrophic fund of Rs 896.6 million.

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