National Life Insurance profit diminishes by 6.39% in Q1

National Life Insurance Company Limited (NLIC) has reported 6.39% decrease in profit for the first quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the insurance company reported a net profit of Rs.3.55 crore in the Q1 of current fiscal year, diminishing from Rs.3.79 crore in the corresponding period last year. The company’s earnings from premiums rose to Rs.75.22 crore from Rs.70.98 crore. NLICL has a paid up capital of Rs.1.01 arba. The reserve fund of the company decreased to Rs.33.76 crore in Q1 from Rs.41.45 crore as in the corresponding quarter previous fiscal year. The company’s insurance fund increased to Rs.12.56 arba from Rs.10.50 arba. The company’s number of policy holders has risen to 3.23 lakhs this quarter compared to 2.93 lakh as in the same period last year. National Life’s EPS stands at Rs.13.93, net worth per share at Rs.137.93 and P/E ratio at 159.61 times.