Reliable Nepal Life Reported a small increment in Net Profit in Q4; Company In IPO pipeline
Wed, Aug 11, 2021 7:10 AM on Latest, Company Analysis,
Reliable Nepal Life Insurance Limited (RENLICL) has published its fourth-quarter report of the fiscal year 2077/2078 with an increase in Net Profit by a 5.39% compared to the corresponding quarter of the previous year. The company’s net profit increased to Rs. 22.59 crores in this quarter from Rs. 21.43 crores in the corresponding quarter.
As per the unaudited report for the fourth quarter published today, Reliable Nepal Life has a paid-up capital of Rs. 1.40 Arba with a reserve of Rs. 84.35 crores.
The company has Rs. 2.58 Arba in life insurance fund and Rs. 7.98 crores in the contingent fund.
The Net Premium rose by 88.01% to Rs. 2.95 Arba in FY 2077/2078 from Rs. 1.57 Arba in the corresponding quarter of the previous year. The company has earned Rs. 36.91 crores from income from investment, loans, and other headings.
The company’s Net claim increased by 123.63% to Rs. 67.98 crores till this quarter. The company’s number of policies stood at 3,609,678 till Q4 of 2077/2078.
Its earnings per share (EPS) stood at Rs. 16.14 whereas Net worth per share stood at Rs. 165.96.
NOTE: The company is in IPO pipeline to issue IPO at a premium of Rs. 112.
Major Highlights:
|
Particulars |
Reliable Nepal Life Insurance Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,400,000.00 |
1,400,000.00 |
0.00% |
|
Reserve & Surplus |
843,541.00 |
640,193.00 |
31.76% |
|
Insurance Fund |
2,585,154.00 |
1,170,361.00 |
120.89% |
|
Contingent Fund |
79,863.00 |
57,268.00 |
39.45% |
|
Gross Premium |
3,014,797.79 |
1,603,338.13 |
88.03% |
|
Net Premium |
2,958,962.00 |
1,573,818.00 |
88.01% |
|
Re-Insurance Income |
0.00 |
0.00 |
- |
|
Income from Investment, Loan and others |
369,181.00 |
164,671.00 |
124.19% |
|
Claim Payment (Net) |
679,820.00 |
303,987.00 |
123.63% |
|
Agent Commission |
427,652.00 |
251,888.00 |
69.78% |
|
Net Profit |
225,942.00 |
214,393.00 |
5.39% |
|
No. Of Policies |
3,609,678.00 |
1,751,455.00 |
106.10% |
|
Annualized EPS (Rs.) |
16.14 |
15.31 |
- |
|
Net Worth Per Share |
165.96 |
149.82 |
- |
|
Price/Book Ratio (times) |
0.00 |
- |
- |
