Nepal Life, which has a paid-up Capital of Nearly 8.5 Billion, has Increased Both the Insurance fee Earnings and Profits

Kathmandu : Nepal Life Insurance has published the financial statement for the first quarter of the current financial year using the NFRS method. In the first quarter, the company earned a profit of Rs.150.79 million. This is 10.25 percent more than the same period last year.

Last year, it earned a profit of Rs.14332 million. By October, the company’s profit has increased due to the increase in income from investments and loans. The company has earned 3.67 billion rupees from investments and loans. This is 13.98 percent more than last year.

Last year, it earned a profit of Rs.14332 million. By October, the company’s profit has increased due to the increase in income from investments and loans. The company has earned 3.67 billion rupees from investments and loans. This is 13.98 percent more than last year.

Its retained earnings are 79.33 million. Gross company’s contact liabilities (life insurance fund) is 1 trillion 75 billion 21 million rupees.In the first quarter, the company has earned net insurance premiums worth 10.82 billion rupees. This is 8.89 percent more than last year.Last year, it earned insurance fees worth Rs.9.93 billion.

Its earnings per share increased slightly to 7 rupees 7 paise. Last year the earnings per share was Rs.7. Its net worth per share is 124 rupees 72 paise.