National Life Insurance Company Shows Strong Financial Growth in First Quarter

Kathmandu – National Life Insurance Company has reported a solid performance in the first quarter of the current financial year, as revealed in its latest financial statements. The company has demonstrated progress across various key indicators, including its life insurance fund, profit margins, and overall business growth.

The company’s life insurance fund has reached an impressive 81.84 billion rupees, marking a 4.99% increase over the previous year. This growth in fund size highlights the company’s commitment to strengthening its financial base and supporting policyholders.

National Life’s reserve fund stands at 613.7 million rupees, compared to 1.22 billion rupees in the same period last year. The company’s paid-up capital remains at 56.2 billion rupees.

In terms of profitability, the company saw a 6.24% rise in net profit, reaching 138.8 million rupees, up from last year’s 132 million rupees. This increase is attributed to a boost in business activities and smart investment strategies.

Premium income also showed a robust 17.19% growth, totaling 4.91 billion rupees, underscoring the company’s expanded market reach and client base. Meanwhile, claims payments totaled 5.62 billion rupees, reflecting the company’s ongoing support to policyholders.

The company’s income from investments and loans has also risen by 15%, contributing further to its financial strength. National Life currently maintains 1.58 million insurance policies, showing a steady increase from the previous year.

Additionally, earnings per share for the quarter reached Rs 10.66, showcasing the company’s improving returns for shareholders. National Life Insurance Company’s strong financial results reflect its commitment to sustainable growth and stability in the insurance sector.