Nepal Life Insurance's net premium collection rises by 18.78% whereas claim payment decline by 25.24%; life insurance fund surges by 33.13% to massive Rs 87.02 arba
Fri, Aug 14, 2020 5:30 AM on Company Analysis, Latest,
Nepal Life Insurance Company (NLIC)'s net profit has increased by meager 1.40% in the fourth quarter of the fiscal year 2076/77. The company earnings have increased from Rs 52.32 crore to Rs 53.05 crore in Q4 of the FY 2076/77.
As per the unaudited report for the fourth quarter published today, NLIC has a paid-up capital of Rs 5.49 arba with a reserve of Rs 3.50 arba.
The company has a massive Rs 87.02 arba in life insurance fund and Rs 55.49 crore in the contingent fund.
The net earnings from premium rose to Rs 27.34 arba till Q4 of FY 2076/77 from Rs 22.82 arba in the corresponding quarter of the last fiscal year. The company has earned Rs 4.65 arba from investment, loans and other headings.
The company net claim payment decline by 25.25% to Rs 5.97 arba till Q4. The company’s number of policyholders increased from 12.80 lakh in the corresponding quarter to 13.04 lakh till Q4.
It's EPS and net worth per share stands at Rs 9.65 and Rs 173.92. The P/E ratio of the company according to the report is at 130.52 times.
Major Highlights:
* net profit figure is without the profit generated from the actuarial valuation of assets and liabilities.
|
Particulars (In Rs '000) |
Nepal Life Insurance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
5,496,160.81 |
5,496,160.81 |
0.00% |
|
Reserve and Surplus |
3,507,737.66 |
2,436,776.77 |
43.95% |
|
Life Insurance Fund |
87,026,007.61 |
65,367,400.04 |
33.13% |
|
Contingent Fund |
554,906.36 |
436,701.88 |
27.07% |
|
Net Premium |
27,340,376.84 |
22,825,030.52 |
19.78% |
|
Re-Insurance Income |
86,778.94 |
23,408,148.00 |
|
|
Income from Investment, Loan and others |
4,653,875.38 |
4,485,809.95 |
3.75% |
|
Claim Payment (Net) |
5,974,818.34 |
7,991,669.55 |
-25.24% |
|
Agent Commission |
3,144,384.68 |
2,819,086.64 |
11.54% |
|
Gross Profit |
220,536.17 |
56,536.03 |
290.08% |
|
Transferred to Life Insurance Fund |
21,871,723.21 |
15,770,607.76 |
38.69% |
|
Net Profit |
530,579.70 |
523,259.13 |
1.40% |
|
No of Policies |
1,304,632.00 |
1,280,636.00 |
1.87% |
|
EPS (In Rs.) |
9.65 |
9.52 |
1.40% |
|
Net Worth per Share (In Rs.) |
173.92 |
152.28 |
14.21% |
|
PE Ratio |
130.52 |
- |
- |
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