Life Insurance Corporation Nepal Limited has published third quarter report of Fiscal year 2075/76. It has reported increase in net profit by 7.38% in comparing period.
As per the report, life insurance has posted net profit of Rs. 10.71 crore in the Q3 of FY 2075/76 from Rs. 9.98 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.8.79 arba from Rs. 1.45 arba in the same period of last year. It has earned 2.90 crore from investment in Q3 which was Rs.2.37 crore in the last year. It has earned Rs.6.09 crore from loan flow with policy collateral.
Net payment for claims is Rs.2.21 arba and agent commission of Rs.96.39 crore. Its operating expanses increase to Rs.39.33 crore from Rs.28.21 crore in Q2 of last year.
The company still remains to pay claims of Rs.3.66 crore.
Currently, its paid up capital is Rs.1.49 arba with reserves of Rs.58.35 crore.
It has maintained Rs.51.48 arba in life insurance fund & Rs. 14.39 crore in disaster fund.
Its EPS stands at Rs.9.56 & net worth per share is Rs.147. PE ratio stands at 161.61 times.
