Third Quarter Report of Nepal Life Insurance Company (NLIC), FY 2079/80

3rd Quarter Report of Nepal life insurance FY 2078/79

Nepal Life Insurance Company Ltd (NLIC) has posted a net profit of Rs 446.54 million as per its third quarter report for fiscal year 2079/80. Compared to the corresponding period of the previous fiscal year, Net Profit of the company has increased by 329.47%.

In the same period of previous fiscal year 2078/79, Nepal Life Insurance Company had posted a net loss of Rs 194.56 million. With the improvements in net profit of the company during this fiscal year, the annualized earning per share and net worth per share of the company stands at Rs 7.25 and Rs 116.01 respectively.

The company has also seen increase in collection of net insurance premium by 3.24 percent amounting to Rs 26.83 Arab. As of 3rd quarter report of NLIC for FY 2079/80, Nepal Life Insurance Company has a paid-up capital of Rs 8.2 Arab with Rs 48.67 crores in reserve and surplus and Rs 157.16 Arab in Life insurance fund.

Key Financial Ratios of NLIC for third quarter of FY 2079/80.

Earning Per Share (EPS)Rs 7.25
Net Worth Per ShareRs 116.01
Price Earnings Ratio (P/E Ratio)93.19
Key Financial Ratios for third quarter of FY 2079/80.

Major Financial Indicators of Nepal Life Insurance Company (NLIC) for Q3, FY 2079/80

The table below presents the unaudited third quarter financial report of Nepal Life Insurance Company (NLIC) for fiscal year 2079/80.

Financial IndicatorsQ3, FY 2079/80Q3, FY 2078/79% Change
Paid-up Capital (Rs, Arab)8.28.20 %
Reserve and Surplus (Rs, Crores)48.6744.499.40%
Life Insurance Fund (Rs, Arab)157.16131.1619.83%
No. of Insurance Policies1,010,8761,399,908-27.79%
Net Insurance Premium (Rs, Arab)26.8325.993.23%
No. of Claim62,04348,95726.73%
Net Claim (Rs, Arab)11.8210.611.44%
Net Profit (Rs, Crores)44.65-19.45329.47%
Unaudited 3rd quarter report of NLIC for FY 2079/80

Read More: Latest Financial Report of Sahas Urja Limited

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