Life Insurance Corporation Nepal Becomes Profitable in Q4; EPS at Rs. 4.70
Mon, Aug 14, 2023 1:21 PM on Financial Analysis, Latest,
Life Insurance Corporation Nepal Limited (LICN) has published its fourth-quarter report for the past financial year 2079-80 with a significant improvement in its Net profits. As of FY 2079-80 last quarter, the company has made Rs. 12.46 crores as opposed to losing Rs. 8.74 crores until the corresponding quarter of FY 2078-79.
There has been a drop of 4.11 percent in the Net premium collection, totaling Rs. 17.39 Arba as of FY 2079-80’s end. Meanwhile, there has been a negligible negative change in the claim payment amounting to Rs. 8.96 Arba until the same period.
With an improvement in Net Profits, the Earnings per Share (EPS) of the company has been bettered as well to stand at Rs. 4.70, alongside a Net worth per Share of Rs. 164.25.
The PE ratio of the company stands at Rs. 330.93 times. The company has been able to sell 6.93 lakhs policies to customers until FY 2079-80’s end.
The life insurance company maintains Rs. 2.65 Arba in paid-up capital and Rs. 1.27 in Reserve and Surplus.
Major Financial Highlights:
| Particulars (In Rs '000) | Life Insurance Corporation (Nepal) | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 2,653,200.00 | 2,653,200.00 | 0.00% |
| Reserve and Surplus | 1,275,164.66 | 615,518.64 | 107.17% |
| Life Insurance Fund | 107,479,464.91 | 93,630,653.45 | 14.79% |
| Contingent Fund | 429,602.51 | 360,594.85 | 19.14% |
| Net Premium | 17,393,822.20 | 18,139,865.51 | -4.11% |
| Re-insurance Income | 7,117.44 | 10,189.61 | -30.15% |
| Claim Payment (Net) | 8,966,590.33 | 9,063,602.36 | -1.07% |
| Agent Commission | 1,435,375.61 | 1,692,662.03 | -15.20% |
| Net Profit | 124,670.60 | -87,479.92 | - |
| No of Policies (No.s) | 693,972 | 709,780 | -2.23% |
| Earnings per Ratio (EPS) ratio (In Rs.) | 4.70 | -3.30 | - |
| Net Worth per Share (In Rs.) | 164.25 | - | - |
| PE Ratio | 330.93 | - | - |
| Qtr End Market Price (In Rs.) | 1555.00 | - | - |
