Overview of Nepal Life Insurance; Know the financial performance, Management details and price history

Nepal Life Insurance Company Limited

 Symbol: NLIC                         

Sector: Life Insurance

Number of Listed Shares: 54,961,608

Introduction

Nepal Life Insurance Company was established on 2058-01-21 (04-05-2001) as a public limited company under the Company Act 2053 and Insurance Act 2049. Within sixteen years of operations, the company has framed itself with the excellent business record and financial positions. It has the vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically and vibrant nation. To achieve this vision, it is working with the mission to address financial and social needs of every segment by designing differentiated and innovative insurance instruments and thereby providing after sales services to customers. Nepal Life Insurance has reinsurance support of well-known reinsurance company “Hannover Re Life Reinsurance Company”, Germany.

Areas of Activities (Till Baishakh 2076)

Head office

Regional Offices

Branches

Sub- branches

Marketing

Total

1

6

49

128

1

185

(Source: Annual report of 2075)


Board of Directors

S.No.

Name

Designations

Experiences

1.

Mr. Govinda Lal Sanghai

Chairman

Associated with Triveni Group, had served as the managing director of the Triveni Group.

2.

Mr. Ram Avatar Agrawal

Director from Promoter group

Worked as the project manager of irrigation projects in Nepal, involve in number of business activities and social service organizations of the country.

3.

Mr. Kamlesh Kumar Agrawal

Independent Director

Vice-president of Nepal Chamber of Commerce and director at Citizen Investment Trust of Nepal, had served as a public director in Rastria Beema Sansthan.

4.

Mr. Prakash Mundara

Public Director

Senior Vice President of Morong Merchant Association and First Vice President of Nepal Jute Industry Association.

5.

Mr. Vivek Agrawal

Director from Promoter Group

Involved in various business sectors including manufacturing, trading and industry services.

6.

Mr. Bimal Prasad Dhakal

Public Directors

Corporate Advocate and has decade of experience in the field of corporate law.

7.

Mr. Parul Dhakal

Director from Promoter Group

Human Resource Consultant and has been working as General Manager of reputed company working in the field of Human resource management.

(Source: http://www.nepallife.com.np)

Management Team

S. No.

Name

Designations

1.

Mr. Vivek Jha

Chief Executive Officer

2.

Mr.Sushil Kumar Chaudhary

Deputy Chief Executive Officer

3.

Mr.Santosh Prasai

Deputy Chief Executive Officer

4.

Mr. Umapati Poharel

Sr. Assistant General Manager

5.

Mr.Om Prakash Pudasaini

Act. Assistant General Manager

6.

Mr.Digvijay Singhal

Assistant General Manager

7.

Mr.Pawan Kumar Khadka

Divisional Manager

8.

Mrs.Rita Sharma

Head – RI and Product

9.

Mr.Roshan Dawadi

Head – Account and Finance

10.

Mr.Sharad Chandra Pyakhurel

Head- Information Technology

11.

Mr.Ujwal Aryal

Head Claim Department

 (Source: http://www.nepallife.com.np)

Financial Highlights

Particulars

Indicators

FY 2015/16

FY 16/17

FY 17/18

Q3 18/19*

Number of Policies

NPR

1,243,822

1,044,450

1,084,149

1,239,248

Net Premium

NPR

10,135,139,319

12,055,925,183

15,987,464,485

15,190,937,399

Life Insurance Fund

NPR

31,405,207,890

39,541,510,027

49,596,796,284

59,462,332,940

Paid Up Capital

NPR

2,167,500,000

3,096,428,625

4,396,928,648

4,396,928,648

Reserve and Surplus

NPR

840,600,941

4,344,957,344

3,012,749,798

5,612,462,237

Net Profit

NPR

906,634,254

1,004,634,123

1,112,831,917

467,224,029

Annualised EPS*

NPR

41.83

32.44

25

14.17

Net Worth per share

NPR

149.16

250.83

178.45

237.58

P/E Ratio*

Ratio

95.77

6                     66.21

41

77.29

(*EPS and P/E ratio are annualized, 2018/19 indicators are of 9 months only, till Chaitra of FY 2075/76)

Facts and Figures

Note: Since the data charted in the above figures for the last period of 2018/19 include only 9 months data (till Chaitra of 2075), due to which net profit has shown downward trend when compared to net profit of other years. Same goes for other indicators as well. The figure may change after the final valuation report.

Key Financial Indicators (V/S industry)

NLIC Price History

Highest Trading Price: Rs.4430 (2016-07-19)

Lowest Trading Price: Rs.870 (2019-07-01)