Rastriya Jeevan Beema Company Sees 43.55% Decline in Profit in Q2

Kathmandu – Rastriya Jeevan Beema Company, a government-owned insurer, has reported a significant decline in key financial indicators for the second quarter of the current fiscal year. According to the company’s recently published financial statements, its net profit and insurance premium income have both decreased sharply compared to the previous year.

During the review period, the company’s net profit fell by 43.55%, dropping to Rs 8.06 million from Rs 14.2 million in the same period last fiscal year. Additionally, total insurance premium income declined by 9.67%, standing at Rs 5.79 billion, down from Rs 4.49 billion in the previous year.

Alongside the drop in profit and premium income, the company also experienced declines in investment and interest income, further impacting its overall financial performance.