Asian Life Insurance Reports Strong Financial Growth in Second Quarter

Kathmandu – Asian Life Insurance Company Limited has achieved remarkable financial growth in the second quarter of the current fiscal year, as reflected in its recently published financial statements. The company has recorded a significant increase in net profit, earnings per share, and its life insurance fund compared to the same period in the previous fiscal year.

The net profit of the company surged by an impressive 56.55 percent, rising from Rs 159.8 million in the second quarter of the previous fiscal year to Rs 250.3 million this year. This growth is accompanied by a notable increase in total income, which grew from Rs 5.59 billion to Rs 6.9 billion.

The company also saw a significant rise in net insurance premium income, which increased from Rs 3.57 billion in the previous fiscal year to Rs 4.17 billion in the current period. In line with these achievements, the earnings per share (EPS) of the company climbed from Rs 9.41 to Rs 14.72.

Asian Life Insurance’s robust financial foundation is further highlighted by its paid-up capital of Rs 3.39 billion. The company has accumulated Rs 563.7 million in retained earnings and Rs 252.2 million in its disaster fund. Meanwhile, its net worth per share stands at Rs 126.23.

A significant milestone for the company is the expansion of its life insurance fund, which grew from Rs 39.97 billion in the last fiscal year to Rs 44.68 billion in the current fiscal year.