IME Life Insurance and Sun Nepal Life Insurance publish second quarter highlights; both report fall in net profits
Wed, Feb 12, 2020 3:01 PM on Financial Analysis, Latest,
IME Life Insurance Company Limited (IMELICL) has posted quarterly report for the second quarter of the year 2076/77.
The paid up capital of the company stands at Rs.1.40 Arba. The reserves of the company went up from Rs.14.43 Crore to Rs.24.90 Crore, by the end of the second quarter. The company created life insurance fund worth Rs.1.02 Arba.
The net profits of the company stands at Rs.6.12 Crore by the end of the second quarter against Rs.6.22 Crore in the previous year. Net earnings from premium grew from Rs.27.36 Crore to Rs.60.85 Crore. The number of insurance policies stands at 103,945 and has provided claims to 77 policies.
The company has posted annualized EPS of Rs.8.74 and net worth per share of Rs.120.04.
Sun Nepal Life Insurance Company (SNLICL) has published its unaudited financial report for the second quarter of the current fiscal year.
The profit has been reported as Rs.5.11 Crore till the second quarter of FY 2076/77. It is a decrease from the previous year corresponding quarter's profit of Rs.6.53 Crore. The insurance company collected Rs.56.80 Crore as earnings from premium in the second quarter of FY 2076/77.
The paid-up capital of the company is Rs.1.40 Arba with Rs.21.18 Crore in the reserve and surplus. It has Rs.1.16 Arba in the life insurance fund of the company. The company has sold 45,368 insurance policies till the end of review period.
