NLG Insurance Reports Growth in Income and Life Fund in Q1

Kathmandu – NLG Insurance Company Limited has released its first-quarter financial statements for the current fiscal year, highlighting growth in income and its life insurance fund.

During the first three months, the company reported a net interest income of Rs 175.77 million, up from Rs 135.11 million in the same period last fiscal year. Similarly, total income increased to Rs 394.88 million from Rs 311.44 million.

The company’s life insurance fund also saw strong growth, rising from Rs 3.38 billion last year to Rs 4.5 billion this fiscal year.

NLG Insurance’s total expenses increased to Rs 542.71 million, while its earnings per share (EPS) stood at Rs 15.76 and net worth per share at Rs 168.76. The company has a paid-up capital of Rs 2.56 billion, a share premium of Rs 271.19 million, a special reserve of Rs 1.38 billion, a disaster fund of Rs 85.74 million, and retained earnings of Rs 150.7 million.