National Life Insurance has published fourth quarter report of Fiscal year 2075/76. It has reported raise in net profit by 12.73% in comparing period.
As per the report, the company has posted net profit of Rs. 33.63 crore in the Q4 of FY 2075/76 from Rs. 29.83 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.7.80 arba from Rs. 6.12 arba in the same period of last year. It has earned Rs 2.09 arba from investment and Rs.20.60 crore from loan on policy (collateral).
It has made a payment of Rs.2.50 arba for claims and agent commission of Rs.83.87 crore during the period. Its operating expanses increase to Rs.67.67 crore from Rs.53.40 crore in Q4 of last year.
The company still remains to pay claims of Rs.26.54 crore.
Currently, its paid up capital is Rs.3.00 arba with reserves of Rs.91.86 crore.It has maintained Rs.27.19 arba in life insurance fund and 21.69 crore in disaster fund.
Its EPS stands at Rs.11.18 & net worth per share is Rs.130.55. PE ratio stands at 52.21 times.
