Nepal's Biggest Insurance Company "Nepal Life" Reports Satisfactory Growth In Business Volume In Q4; How Has the Profitability Been For The Quarter?
Fri, Aug 13, 2021 6:46 AM on Company Analysis, Latest,
Nepal Life Insurance Company Limited (NLIC) has reported growth in net profit by a meager 1.05% in Q4. The company reported a net profit of Rs. 53.59 crores compared Rs. 53.03 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stands at Rs. 7.19 Arba and reserve and reserve and surplus stood at Rs. 1.01 Arba. Its life insurance fund increased by 29.29% to Rs. 1.12 Kharba and contingent fund stood at Rs. 58.89 crores.
The net premium increased by 16.93% to Rs. 31.96 Arba and income from Investment, Loan increased by 37.53% to Rs 7.77 arba.
The agent commission increased by 13.10% in this quarter. The company's net claim payment increased by 46.96% to Rs 3.55 arba till Q4. The number of policies stood at 1,381,433.
The annualized EPS stood at Rs. 7.44 and net worth per share stood at Rs. 122.30. The company traded at a P/B multiple of 15.69 times.
Major Highlights:
|
Particulars |
Nepal Life Insurance Company Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
7,199,970.66 |
5,496,160.81 |
31.00% |
|
Reserve & Surplus |
1,016,346.31 |
3,507,737.66 |
-71.03% |
|
Insurance Fund |
112,512,934.10 |
87,026,007.61 |
29.29% |
|
Contingent Fund |
588,906.86 |
554,906.36 |
6.13% |
|
Gross Premium |
32,369,756.00 |
27,622,243.00 |
17.19% |
|
Net Premium |
31,969,389.43 |
27,340,376.84 |
16.93% |
|
Re-Insurance Income |
26,274.57 |
86,778.94 |
- |
|
Income from Investment, Loan and others |
7,776,003.74 |
5,653,875.38 |
37.53% |
|
Claim Payment (Net) |
8,780,481.23 |
5,974,818.34 |
46.96% |
|
Agent Commission |
3,556,308.89 |
3,144,384.68 |
13.10% |
|
Net Profit |
535,943.43 |
530,379.70 |
1.05% |
|
No. Of Policies |
1,381,433.00 |
1,304,632.00 |
5.89% |
|
EPS (Rs.) |
7.44 |
9.65 |
- |
|
Net Worth Per Share |
122.30 |
173.92 |
- |
|
Price/Book Ratio (times) |
15.69 |
- |
- |
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