Reliable Nepal Life Insurance net profits increases to Rs.19.54 Crore by the end of the fourth quarter; EPS stands at Rs.18.64

Reliable Nepal Life Insurance Limited has published its fourth-quarter report for the fiscal year 2075/76.

According to the unaudited data published today, the net profit of the company stands at Rs 19.57 crore in the Q4 of the FY 2075/76 which was Rs 12.78 crore in the corresponding quarter of the FY 2074/75.

The company’s earnings from net premium is reported as Rs 1.33 arba in current FY which has increased from the previous year’s quarter of Rs. 34.49 crores. Similarly, the number of insurance schemes has increased to 6.46 lakh, which was 1.22 lakhs in the previous year’s fourth quarter.

The paid-up capital stands at Rs 1.40 arba with Rs 44.14 crore in the reserves and surplus and Rs 56.20 crore in life insurance fund.

It's annualized EPS stands at Rs 18.64 per share and net worth per share stands at Rs 131.53.