Nepal Life Insurance posted outstanding rise in net profit by 201.18% to Rs 17.74 crore; Asian Life Insurance earns Rs 1.58 crore

Nepal Life Insurance Company Limited (NLIC) has posted outstanding 201.18 % rise in net profit for the first quarter of the current fiscal year 2074/75. It has earned net profit of Rs 17.74 crore in the Q1 of current fiscal year, up from Rs 5.89 crore in the corresponding period last year. As per the unaudited report for the first quarter published today, NLIC has a paid up capital of Rs 3.09 arba with reserve of Rs 4.86 arba. The company’s earnings from premiums rose to Rs.3.75 arba in Q1 from Rs 2.66 arba in the corresponding quarter. Likewise, the company’s insurance fund has risen to Rs.43.36 arba  from Rs. 34.28 arba.

The company managed to increase its number of policy holders to 10.94 lakhs this quarter compared to 10.20 lakh reported in the same period last year.

NLIC has paid claims worth Rs 1.20 arba this year, while it has pending claims of Rs 76.34 crore.

Nepal Life’s Earning per Share (EPS) stands at Rs 22.92, net worth per share is at Rs.265.72 and P/E ratio at 83.96 times. Asian Life Insurance Company Limited (ALICL) has posted 8.96 % rise in net profit for the first quarter of the current fiscal year 2074/75. It has earned net profit of Rs 1.58 crore in the Q1 of current fiscal year, up from Rs 1.45 crore in the corresponding period last year. As per the unaudited report for the first quarter published today, ALICL has a paid up capital of Rs 80.55 crore with reserve of Rs 20.57 arba. The company’s earnings from premium stands at Rs. 54.86 crore in Q1. Asian Life’s Earning per Share (EPS) stands at Rs 7.85, net worth per share is at Rs. 125.54 and P/E ratio at 193.27 times.