Prabhu Mahalaxmi Life Insurance Posts Rs 370.7 Million Profit in FY 2081/82

Kathmandu — Prabhu Mahalaxmi Life Insurance Company Limited has reported a net profit of Rs 370.7 million for the fiscal year 2081/82, reflecting a 1.25% increase compared to the previous year’s Rs 366.1 million.

According to the company’s financial statements, most key performance indicators showed positive growth. The life insurance fund grew by 36.75% to Rs 13.83 billion, up from Rs 10.11 billion in the previous fiscal year.

During the review period, net insurance net earned premium income rose by 22.22% to Rs 5.17billion, compared to Rs 4.23 billion a year earlier. Similarly, total income increased by 18.64% to Rs 6.61 billion, while total expenses rose by 19.87% to Rs 6.24 billion.

The company spent Rs 530.6 million on agent commissions last fiscal year, marking an 8.40% rise from Rs 489.5 million in the previous year.

Earnings per share (EPS) stood at Rs 7.26, while net worth per share reached Rs 115.92.