Nepal Life Insurance reported fair growth in major profitability indicators in Q2; Net Claim increases by huge margin
Fri, Feb 12, 2021 8:59 AM on Company Analysis, Latest,
Nepal Life Insurance Company Limited (NLIC) has reported growth in net profit by 22.48% in Q2. The company reported a net profit of Rs. 42.97 crores compared Rs. 35.09 crores of the corresponding quarter of previous year.
The paid-up capital of the company stands at Rs. 7.19 Arba and reserve and reserve and surplus stood at Rs. 1.05 Arba. Its life insurance fund increased by 30.54% to Rs. 1.01 Kharba and contingent fund stood at Rs. 59.89 crores.
The Gross premium increased by 23.70% to Rs. 17.40 Arba whereas the net premium stood at Rs. 17.08 Arba.
The agent commission increased by 19.22% in this quarter. The company's net claim payment increased by 77.00% to Rs 5.56 arba till Q2. The number of policies stood at 1,335,467.
The annualized EPS stood at Rs. 11.94 and net worth per share stood at Rs. 122.95. The company traded at a P/B multiple of 19.81 times.
Major Highlights:
|
Particulars |
Nepal Life Insurance Company Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
7,199,970.66 |
5,496,160.81 |
31.00% |
|
Reserve & Surplus |
1,053,457.85 |
2,615,514.91 |
-59.72% |
|
Insurance Fund |
101,286,543.42 |
77,592,927.45 |
30.54% |
|
Contingent Fund |
598,954.75 |
475,710.75 |
25.91% |
|
Gross Premium |
17,406,972.00 |
14,072,433.00 |
23.70% |
|
Net Premium |
17,087,683.48 |
13,911,063.89 |
22.84% |
|
Re-Insurance Income |
19,862.20 |
20,797.33 |
- |
|
Income from Investment, Loan and others |
3,534,956.00 |
2,767,266.56 |
27.74% |
|
Claim Payment (Net) |
5,567,546.99 |
3,145,479.18 |
77.00% |
|
Agent Commission |
1,920,877.96 |
1,611,182.45 |
19.22% |
|
Net Profit |
429,789.60 |
350,917.46 |
22.48% |
|
No. Of Policies |
1,335,467.00 |
1,258,511.00 |
6.11% |
|
Annualized EPS (Rs.) |
11.94 |
12.77 |
- |
|
Net Worth Per Share |
122.95 |
156.24 |
- |
|
Price/Book Ratio (times) |
19.81 |
- |
- |
