See four non-listed life insurance companies' performance in Q3 of FY 2075/76; Citizen Life, Union Life, Reliance Life and Sun Nepal Life Insurance Companies' performance side-by-side
Mon, May 13, 2019 3:08 PM on Financial Analysis, Latest, Stock Market,
Citizen Life Insurance Company Limited (CLICL) has published its unaudited financial report for the third quarter of the current fiscal year.
The profit has been reported as Rs. 12.14 crore till the third quarter of FY 2075/76 which was Rs. 7.55 crore in the corresponding quarter of FY 2074/75.
The insurance company collected Rs. 65.05 crore as earnings from premium in this quarter.
The paid-up capital of the company is Rs. 1.75 arba with Rs. 21.11 crore in the reserve and surplus. It has Rs. 40.4 crore as life insurance fund of the company. It has issued 93 thousand 705 life insurance policies till the third quarter of FY 2075/76.
Union Life Insurance Company Limited posted a net profit of Rs. 10.5 Crore in the third quarter of the fiscal year 2075/76, up from Rs 9.88 crore in the corresponding period of last fiscal year.
The paid up capital of the company remains unchanged at Rs.1.50 arba. The reserves stand at Rs. 16.89 Crore while the life insurance fund stands at Rs. 1.27 arba.
The company earned Rs.1.62 arba from premium by the end of the third quarter. Total number of policies in force has increased to 1.25 lakh this quarter from 44 thousand in the corresponding quarter of FY 2074/75.
Reliance Life Insurance Company (RLIL) published their unaudited financial report for the third quarter of the current fiscal year 2075/76 today.
The company has reported a net profit of Rs 2.70 crore in this quarter which is a decline from Rs 10.6 crore of the corresponding quarter of FY 2074/75.
The insurance company collected Rs 37.67 crore as earnings from premium in the Q3 of FY 2075/76 with a gigantic increment from last year's corresponding quarter that reported Rs. 2.02 crore.
The paid-up capital of the company is Rs 1.47 arba with Rs 10.3 crore in the reserve and surplus. It has Rs 24.18 crore in the life insurance fund of the company.
The company has been able to issue 11 thousand 466 insurance policies by the third quarter of fiscal year 2075/76.
Sun Nepal Life Insurance Company (SNLICL) has published its unaudited financial report for the third quarter of the current fiscal year.
The profit has been reported as Rs 10 crore till the third quarter of FY 2075/76. It is a decline from the previous year's corresponding quarter's profit of Rs 11.6 crore.
The insurance company collected Rs 54.83 crore as earnings from premium in the third quarter of FY 2075/76.
The paid-up capital of the company is Rs 1.40 arba with Rs 18.16 crore in the reserve and surplus. It has Rs 49 crore in the life insurance fund of the company. The company has sold 31,596 insurance policies till the end of review period.
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