IME Life Insurance Reports Over Rs 366 Million Net Profit in Q3, Records Over 10% Growth

Kathmandu – IME Life Insurance Company Limited has reported a net profit of Rs 366.3 million for the third quarter of the current fiscal year, marking a 10.49% increase compared to the Rs 331.5 million recorded during the same period last year.

According to the company’s unaudited financial statement published today, IME Life has witnessed substantial growth across several financial indicators. The company’s life insurance fund surged from Rs 8.37 billion to Rs 11.84 billion. Net earned premium income rose to Rs 3.60 billion from Rs 3.11 billion last year, while total income climbed to Rs 4.82 billion from Rs 4.12 billion. Correspondingly, total expenses increased to Rs 4.46 billion from Rs 3.79 billion.

As of the end of Chaitra, the company holds a share capital of Rs 5 billion. Additional financial strength comes from a share premium of Rs 523.8 million, a disaster fund of Rs 229.8 million, and retained earning exceeding Rs 425 million.

Despite the overall financial growth, the company’s earnings per share (EPS) declined from Rs 11.05 to Rs 9.77. However, the net worth per share remains strong at Rs 132.67.