National Life Insurance reports Rs 11.53 crore as net profit for Q1 of 2076/77; Net worth per share at Rs 121.86

Mon, Nov 18, 2019 3:36 PM on Financial Analysis, Latest, Stock Market,
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National Life Insurance Company Limited (NLICL) has earned a net profit of Rs 11.53 crore till the first quarter of FY 2076/77. The net profit figure is without the profit generated from the actuarial valuation of assets and liabilities.

As per the unaudited report for the first quarter published today, the net earnings from premium increased to Rs 1.91 arba till Q1 from Rs 1.37 arba in the corresponding quarter of last FY 2075/76. The number of policyholders decreased to 7.45 lakhs from 7.47 lakhs in the corresponding quarter last year.

The company has made a claim payment (net) of Rs 61.10 crore till Q1, the same figure stood at Rs 64.65 crore in the corresponding quarter of FY 2075/76.

NLICL has a paid-up capital of Rs 3 arba with a reserve of Rs 65.74 crore. Likewise, the company’s life insurance fund has increased to Rs 28.64 arba from Rs 22.54 arba in the corresponding quarter.

Its annualized EPS stands at Rs 15.35, net worth per share at Rs 121.86 and qtr end P/E ratio at 29.32 times.

First Quarter Report