Nepal Life gave a sign of return to rhythm through financial statements, improvement in most of the indicators, life insurance fund worth 1 trillion 63 billion

Nepal Life Insurance Company Limited has released the financial statement for the fourth quarter of the financial year 2079-80. According to the financial statement, the company has improved significantly in its latest situation.

Net profit

Till the fourth quarter of the last financial year, the company has earned a net profit of 674 million rupees. During this period last year, the company had a net loss of Rs 35 crore 27 lakh.

Self insurance charges

Up to the review period, Nepal Life has earned 36.62 billion rupees in net insurance fees. The company had earned 34.98 billion rupees till the same period last year.

Life Insurance Fund

1 trillion 63 billion rupees have been accumulated in the life insurance fund. During this period last year, the life insurance fund was 1 trillion 36 billion rupees. Fund has increased by 19.76 percent.

Reserve fund

649.7 million till the fourth quarter of the last financial year. Up to the fourth quarter of the previous financial year, the reserve fund, which was 288.3 million, has increased by 125.31 percent.

Own claim payment

The company has paid a net claim of 15 billion 43 crore rupees in the last financial year. In the same period of the previous financial year, claims of 14.16 billion were paid. The company still has to pay the claim of 1 billion 38 million rupees.

Paid up capital

8 billion 20 million

EPS

Rs 8.22

PE Ratio

90.55 times

Net worth per share
Rs 118.84 rupees