Rastriya Jeevan Beema Company Records Financial Growth in First Quarter

Kathmandu – Rastriya Jeevan Beema Company Limited has released its financial statement for the first quarter of the current fiscal year, reporting a profit of Rs. 2.2 million. The company earned Rs. 37.8 million same period last year.

The company’s financial highlights reveal growth in several key areas. Total revenue increased to Rs. 5.84 billion, up from Rs. 5.81 billion in the first quarter of the previous year. Alongside this increase, the company’s expenses also rose, reaching Rs. 5.62 billion compared to Rs. 5.5 billion last year.

Net insurance premiums saw a modest increase, with the company earning Rs. 4.59 billion by the first quarter this year, slightly up from Rs. 4.55 billion during the same period last year. Additionally, the company’s life insurance fund now holds over Rs. 58 billion, underscoring its financial stability.

The company maintains a paid-up capital of Rs. 180 million, with Rs. 610 million in its reserve fund and Rs. 20 million allocated to its disaster fund by the end of the first quarter. The company’s earnings per share stand at Rs. 5.01.