EPS of Life Insurance Corporation reaches Rs 3.66 in Q1; Earns net profit of Rs 4.88 crore

The unaudited report for the first quarter report of Life Insurance Corporation (Nepal) Limited (LICN) for the FY 2075/76 has been published today. According to it, LICN’s net profit stands at Rs 4.88 crore as compared to Rs 4.34 crore in corresponding quarter of last FY.

The company collected Rs 2.89 arba as net insurance premium for the first quarter.

The number of policies has increased to 7.24 lakh units, up from 7.20 lakh units.

LICN’s EPS is Rs 3.66, P/E ratio stands at 428.52 times and net worth per share at Rs 148.45.

The company paid up capital stands at Rs 1.33 arba with Rs 52.89 crore as its reserve. The life insurance reserve of the insurance company stands at Rs 46.04 arba at the end of the first quarter for the FY 2075/76.