What is the Situation of Nepal Life, National Life? With Statistics Based on NFR.
Kathmandu : Both Nepal Life and National Life have published their first quarter financial statements for the current year. Both Nepal Life and National Life are competing companies. Nepal Life is the largest company in Nepal, while National Life Insurance Company is a company that is making rapid progress with the aim of reaching number one.
There is still a gap between the two companies in the statistics, but the statistics show that National Life is going to lead in some things based on the growth.
According to the published financial statements, let’s look at the comparative study data of the two companies.
Based on the life insurance fund, Nepal Life has one trillion 75 billion rupees in its life insurance fund, while National Life has 68 billion rupees in its life insurance fund. Similarly, the reserve fund is almost the same for both.
Gross insurance premium income :
The total insurance fee income of Nepal Life is 10 billion rupees while that of National Life is 4 billion rupees.
Gross Income: Among the two companies, Nepal Life’s total income is 15 billion rupees. Similarly, the total income of National Life is five billion 79 million rupees. On the basis of total expenses, Nepal Life has 14.69 billion rupees, while National Life has 5.35 billion rupees.
On the basis of net profit: Nepal Life and National Life are almost close. Nepal Life earned a profit of 150 million 79 lakh 30 thousand, while National Life earned a net profit of 13 million two lakh 58 thousand rupees.
Similarly, on the basis of earnings per share, National Life’s earnings per share are 10 rupees, while National Life’s earnings are 8 rupees. Net worth per share is 129 rupees while that of National is 125 rupees.
Overall, National Life is progressing on a rapid progress path, while Nepal Life is seen to be standing strong in the best first place.