Rastriya Beema Company Reports Q1 Financial Performance

Kathmandu – Rastriya Beema Company has released its financial statements for the first quarter of the current fiscal year 2082/83, reflecting changes in key economic indicators.

During the period, the company reported a net loss of Rs 99.5 million, compared to a profit of Rs 156.5 million in the same period last year. Total insurance business declined from Rs 634.6 million to Rs 224.1 million, while the number of policy renewals also decreased from 3,227 to 27 during the first quarter.

The company’s annual earnings per share (EPS) for the period stood at Rs -37.32, while the net worth per share is Rs 6,401.84.

According to the report, the company has adjusted its investment portfolio, including long-term and fixed-term investments, in response to changing business conditions. Rastriya Beema Company is taking steps to stabilize operations and strengthen its management practices, with the goal of improving service delivery and maintaining trust among policyholders.