What is the progress made by the life insurance companies listed in NEPSE ?

Kathmandu : The life insurance companies listed in NEPSE have published their financial statements for the second quarter. Nepal Life has maintained its lead in the life insurance companies till the second quarter.

Nepal Life has proven itself to be excellent in most of the indicators. Nepal Life, which has the highest paid-up capital, is active in the life insurance sector and is also the strongest company listed on the stock market. The main source of Nepal Life’s insurance business, which has a paid-up capital of 8 billion 207.9 million rupees, is net insurance premiums, life insurance fund, total insurance premiums. It has managed to maintain its lead in net insurance fee and net profit.

The progress of Himalayan Life, which became one after the merger, has also been seen to be attractive after the merger.

Life insurance companies listed in NEPSE, Prabhu Life, are relatively weak.

Source: All Life Insurance Company Reports

Based on paid up capital
On the basis of paid-up capital, Nepal Life is leading. The current paid up capital of the company is 8 billion 20 million rupees.

The second is Himalayan Life. The current paid-up capital of the company is 8.2 billion rupees. Himalayan Life is a joint company formed after the merger of Prime, Gurans Life and Union Life. After the integrated business, the company’s business have been attractive.

National Life Insurance Company is in the third. The capital of the company is over the 5 billion.

Similarly, SuryaJyoti Life’s paid-up capital is Rs.4.54 billion, Prabhu Mahalaxmi Life’s Rs.4.23 billion, Sanima Reliance Life’s Rs.4.18 billion, Reliable Nepal Life’s Rs.4 billion, IME Life’s Rs.4 billion, Citizen Life’s Rs.3.75 billion. Rupees, Sun Nepal Life’s is Rs. 3.75 billion, Sun Nepal Life is Rs.3.20 billion, Asian Life is Rs.3.15 billion Rupees.

Based on reserve fund :

In terms of reserve fund, LIC Nepal is at the forefront. The reserve fund of the company has an amount of 2 billion rupees. Second is SuryaJyoti Life. The reserve fund of the company has an amount of 1.4 billion rupees.

Similarly, the reserve fund of Reliable Nepal Life is 1.23 billion rupees, Sun Nepal Life is 1.31 billion rupees, Nepal Life is 1 billion rupees, Sanima Reliance Life is 92 million rupees, IME Life is 85 million rupees, Citizen Life is 68 million rupees, National Life is 60 million rupees. Crore, Asian Life Rs 39 Crore, Prabhu Mahalakshmi Life Rs 9 Crore 26 Lakh and Himalayan Life Rs.7 million 2.2 thousand rupees.

On the basis of life insurance :

The size of the life insurance fund is Nepal Life Insurance.

Nepal Life has accumulated 183 billion 650 million rupees in the life insurance fund till the first quarter. Which is 10.96 percent more than last year.

Likewise, LIC Nepal has also accumulated Rs.1 trillion 13 billion 80 million till the first quarter by significantly expanding its life insurance business.

In addition, National Life has also increased the size of the insurance fund in 6 months of the current financial year and has accumulated 714 million 400 thousandd rupees in the fund.

Also, Himalayan Life 58.48 billion, National life insurance’s 52.63 billion, Asian Life’s40.9 billion, Suryajyoti Life 30.51 billion, Sanima Reliance 12.69 billion, Citizen Life 12.7 billion, Reliable Nepal8.53 billion. Prabhu Mahalaxmi’s 8.51 billion, IME Life’s 7.99 billion and Sun Nepal’s accumulated 6.51 billion rupees.

Based on the total premium :

Nepal Life Insurance Company has earned the highest premium. The company has earned 20.6 billion insurance fee during the review period.

Second, Life Insurance Corporation Nepal has earned a total insurance fee of 8.66 billion 31 million rupees.

Similarly, during the review period, the National Life earned Rs.8.56 billion, Himalayan Life Rs.8.9 billion, Suryajyoti Life Rs.4.28 billion and Asian Life Rs.3.67 billion.

Similarly, Sanima Reliance Life Rs.2.78 billion, Citizen Life Rs.2.73 billion, Met Life Rs.2.68 billion, IME Life Rs.2.10 billion, Prabhu Mahalaxmi Life Rs 2.3 billion, Reliable Nepal Life Rs.1.93 billion and Sun Nepal Life The lowest total insurance fee is 1 billion 77 million rupees.

Compared to last year the growth rate of the current year, it seems that Sanima is ahead of Reliance Life.

The total insurance fee income of this company has increased by 136.07 percent. In second place, Prabhu Mahalaxmi has increased by 96.57 percent and Suryajyoti Life in third place by 59.73 percent.

Similarly, IME Life has increased by 12.33 percent, National Life by 11.46 percent and Asian Life by 9.57 percent. Himalayan 8.51, Reliable Nepal 8.17, Nepal Life 7.37 and Citizen Life’s lowest has increased by 2.70 percent.

It is seen that the total insurance fee earnings of two companies has decreased. In which Nepal Insurance Corporation has decreased by 0.76 percent and Sun Nepal Life by 9.43 percent.

Based on agent commission :

Nepal Life is ahead. The company has spent 1.49 billion rupees on agent commissions during this quarter.

The second is National Life Insurance Company. The company has spent 767.4 million rupees on agent commission during this quarter.

The third is Life Insurance Corporation (Nepal). The company has spent 669 million rupees on agent commission during this period.

Similarly, Himalayan Life spent Rs.65.63 million, Suryajyoti Life Rs 37.85 million, Asian Life Rs.32.21 Million, Sanima Reliance Rs.28.79 million, Citizen Life Rs.27.55 million Rupees agents commission.

Similarly, Prabhu Mahalaxmi has spent Rs.238 million, Reliable Nepal Rs.21.86 million, IME Life has spent Rs.20.44 million and Sun Nepal Life has spent Rs.1.49 million on agent commission.

Based on profitability
Nepal Life is one of the most profitable companies. The profit of the company has increased by 12.90 percent to Rs.427 million 737 thousand. In the same period of the last financial year, the profit of the company was 378 million rupees.

Similarly, the profit of National Life increased by 16.91 percent to Rs. 255 million 100 hundred thousand, Suryjyoti Life increased by 629 million 300 thousand percent to Rs.236 million 600 thousand, IME Life increased by 96.14 percent to Rs.234 million 700 thousand, Reliable Nepal increased by 4.97 percent to Rs. 230 million rupees, Sanima Reliance increased by 96.48 percent to 219 million 700 thousand rupees.

Similarly, the profit of Met Life increased by 33.53 percent to Rs.193.8 million, Prabhu Mahalaxmi Life increased by 36.10 percent to Rs.176.4 million, Asian Life increased by 11.45 percent to Rs.150 million, NIC Nepal increased by 59.79 percent to Rs.130 million. And Citizen Life has increased by 2.73 percent to Rs. 120 million.

On the basis of earnings per share, Sun Nepal Life is ahead. The earnings per share of the company is 20 rupees 52 paisa.

The lowest is that of Prabhu Mahalaxmi Life. he earnings per share of the company is 8 rupees 21 paisa.

Pay ratio

On the basis of paid ratio, Citizen Life is leading. The company’s Paid ratio is 71/72.

Sanima has the lowest of Reliance. The Paid ratio of the company is 44.47.

Based on net worth per shareOn the basis of net worth per share, Sanima Reliance Life is leading. The company’s net worth per share is 187.04.

The lowest is of Prabhu Mahalaxmi Life. The company’s net worth per share is 120/1.