Rastriya Beema Company Sees 64.17% Surge in Net Premium, Despite Drop in Profit

Kathmandu — Rastriya Beema Company Limited, a government-owned enterprise, has released its  financial report for the third quarter of the current fiscal year 2081/82, showing a mixed financial performance.

The company reported a significant 64.17 percent growth in net insurance premiums, earning Rs 166.8 million during the review period. This marks a notable increase from Rs 101.6 million recorded during the same period last fiscal year.

Despite the strong rise in premium income, the company’s net profit declined by 23.37 percent to Rs 395.6 million, compared to Rs 516.3 million earned by the end of Chaitra in the previous fiscal year.

Rastriya Beema Company also witnessed an 8.16 percent drop in total income, which fell from Rs 928.6 million to Rs 852.2 million. At the same time, total expenses rose sharply by 28.09 percent, reaching Rs 333.3 million.

As of the third quarter, the company’s paid-up capital stands at Rs 266.6 million. Its disaster fund has reached Rs 689 million, and the reserve fund is at a robust Rs 2.46 billion.

Earnings per share (EPS) fell by Rs 45.26 this year to Rs 148.39, while the net worth per share remains exceptionally strong at Rs 6,321.44.