10% Bonus Shares of Life Insurance Corporation Nepal (LICN) Now Listed

20,10,000 bonus shares of Life Insurance Corporation (Nepal) Limited (LICN) are now listed in NEPSE. This is the 10% dividend distributed for the fiscal year 2075/76.

The insurance company conducted its 18th AGM on Falgun 25, i.e. March 09. Among other agendas, the AGM endorsed the dividend for the fiscal year 2075/76: 10.5263% dividend including 10% bonus shares and 0.5233% cash dividend (tax purpose). The same bonus shares are now listed.

LICN has reported growth in net profit by 42.85% in Q3. The company reported a net profit of Rs. 15.37 crores compared to Rs. 10.76 crores of the corresponding quarter of the previous year. The paid-up capital of the company stands at Rs. 2.21 Arba and reserve and reserve and surplus stood at Rs. 61.14 crores. Its life insurance fund increased by 16.30% to Rs. 77.54 Arba and contingent fund stood at Rs. 26.73 crores.

The Gross premium increased by 31.69% to Rs. 13.66 Arba whereas the net premium stood at Rs. 13.59 Arba. The agent commission increased by 29.52% in this quarter. The number of policies stood at 716,362. The annualized EPS stood at Rs. 9.27 and net worth per share stood at Rs. 139.74. The company traded at a P/B multiple of 16.95 times.

As of writing, LICN has the last trading day closing price of Rs. 2,425.