Nepal & National Life Insurance earns Rs 23.80 crore & Rs 11.86 crore respectively in Q3

Nepal Life Insurance Company Limited (NLIC) has posted massive 100.46% rise in profit for the third quarter of the current fiscal year 2072/73. As per the unaudited report for the third quarter published today, the insurance company reported a net profit of Rs.23.80 crore in the Q3 of current fiscal year, down from Rs.11.87 crore in the corresponding period last year. The company’s earnings from premiums rose to Rs.6231 arba in Q3 from Rs 5.34 arba in the corresponding quarter. NLIC has a paid up capital of Rs.1.73 arba. The reserve fund of the company has decreased to Rs.72.87 crore in Q3 from Rs.90.09 crore in the same quarter previous fiscal year. Meanwhile, the company’s insurance fund has risen to Rs.28.83 arba  from Rs.21.52 arba. The company’s number of policy holders has risen to 10.08 lakhs this quarter compared to 9.85 lakh reported in the same period last year. Nepal Life’s annualized earning per share (EPS) stands at Rs 18.30, net worth per share is at Rs.149.77 and P/E ratio at 196.69 times. Likewise, National Life Insurance Company Limited (NLICL) has reported 4.48% decrease in profit for the third quarter of the fiscal year 2072/73. In the unaudited financial report for the third quarter, the insurance company reported a net profit of Rs.11.86 crore, down from Rs.12.42 crore in the corresponding period last year. The company’s earnings from premiums grew to Rs 2.22 arba from Rs.1.89 arba. The company has a paid up capital of Rs.1.01 arba. The reserve fund of the company has slightly drop to Rs.42.08 crore in Q3 from Rs 52.41 crore in the previous fiscal year. Meanwhile, its insurance fund has risen to Rs.13.61 arba from Rs.11.28 arba.. National Life Insurance’s number of policy holders has increased to 3.41 lakhs this quarter from 3.06 lakh reported in the same period of last year. Its annualized EPS stands at Rs.15.53, net worth per share is at Rs 146.09 and P/E ratio at 172.62 times.