Overview of Nepal Life Insurance; Know the financial performance, Management details and price history
Mon, Jul 8, 2019 1:59 PM on Company Analysis, Exclusive, Stock Market, Latest,
Nepal Life Insurance Company Limited
Symbol: NLIC
Sector: Life Insurance
Number of Listed Shares: 54,961,608
Introduction
Nepal Life Insurance Company was established on 2058-01-21 (04-05-2001) as a public limited company under the Company Act 2053 and Insurance Act 2049. Within sixteen years of operations, the company has framed itself with the excellent business record and financial positions. It has the vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically and vibrant nation. To achieve this vision, it is working with the mission to address financial and social needs of every segment by designing differentiated and innovative insurance instruments and thereby providing after sales services to customers. Nepal Life Insurance has reinsurance support of well-known reinsurance company “Hannover Re Life Reinsurance Company”, Germany.
Areas of Activities (Till Baishakh 2076)
|
Head office |
Regional Offices |
Branches |
Sub- branches |
Marketing |
Total |
|---|---|---|---|---|---|
|
1 |
6 |
49 |
128 |
1 |
185 |
(Source: Annual report of 2075)
Board of Directors
|
S.No. |
Name |
Designations |
Experiences |
|---|---|---|---|
|
1. |
Mr. Govinda Lal Sanghai |
Chairman |
Associated with Triveni Group, had served as the managing director of the Triveni Group. |
|
2. |
Mr. Ram Avatar Agrawal |
Director from Promoter group |
Worked as the project manager of irrigation projects in Nepal, involve in number of business activities and social service organizations of the country. |
|
3. |
Mr. Kamlesh Kumar Agrawal |
Independent Director |
Vice-president of Nepal Chamber of Commerce and director at Citizen Investment Trust of Nepal, had served as a public director in Rastria Beema Sansthan. |
|
4. |
Mr. Prakash Mundara |
Public Director |
Senior Vice President of Morong Merchant Association and First Vice President of Nepal Jute Industry Association. |
|
5. |
Mr. Vivek Agrawal |
Director from Promoter Group |
Involved in various business sectors including manufacturing, trading and industry services. |
|
6. |
Mr. Bimal Prasad Dhakal |
Public Directors |
Corporate Advocate and has decade of experience in the field of corporate law. |
|
7. |
Mr. Parul Dhakal |
Director from Promoter Group |
Human Resource Consultant and has been working as General Manager of reputed company working in the field of Human resource management. |
(Source: http://www.nepallife.com.np)
Management Team
|
S. No. |
Name |
Designations |
|---|---|---|
|
1. |
Mr. Vivek Jha |
Chief Executive Officer |
|
2. |
Mr.Sushil Kumar Chaudhary |
Deputy Chief Executive Officer |
|
3. |
Mr.Santosh Prasai |
Deputy Chief Executive Officer |
|
4. |
Mr. Umapati Poharel |
Sr. Assistant General Manager |
|
5. |
Mr.Om Prakash Pudasaini |
Act. Assistant General Manager |
|
6. |
Mr.Digvijay Singhal |
Assistant General Manager |
|
7. |
Mr.Pawan Kumar Khadka |
Divisional Manager |
|
8. |
Mrs.Rita Sharma |
Head – RI and Product |
|
9. |
Mr.Roshan Dawadi |
Head – Account and Finance |
|
10. |
Mr.Sharad Chandra Pyakhurel |
Head- Information Technology |
|
11. |
Mr.Ujwal Aryal |
Head Claim Department |
(Source: http://www.nepallife.com.np)
Financial Highlights
|
Particulars |
Indicators |
FY 2015/16 |
FY 16/17 |
FY 17/18 |
Q3 18/19* |
|---|---|---|---|---|---|
|
Number of Policies |
NPR |
1,243,822 |
1,044,450 |
1,084,149 |
1,239,248 |
|
Net Premium |
NPR |
10,135,139,319 |
12,055,925,183 |
15,987,464,485 |
15,190,937,399 |
|
Life Insurance Fund |
NPR |
31,405,207,890 |
39,541,510,027 |
49,596,796,284 |
59,462,332,940 |
|
Paid Up Capital |
NPR |
2,167,500,000 |
3,096,428,625 |
4,396,928,648 |
4,396,928,648 |
|
Reserve and Surplus |
NPR |
840,600,941 |
4,344,957,344 |
3,012,749,798 |
5,612,462,237 |
|
Net Profit |
NPR |
906,634,254 |
1,004,634,123 |
1,112,831,917 |
467,224,029 |
|
Annualised EPS* |
NPR |
41.83 |
32.44 |
25 |
14.17 |
|
Net Worth per share |
NPR |
149.16 |
250.83 |
178.45 |
237.58 |
|
P/E Ratio* |
Ratio |
95.77 |
6 66.21 |
41 |
77.29 |
(*EPS and P/E ratio are annualized, 2018/19 indicators are of 9 months only, till Chaitra of FY 2075/76)
Facts and Figures
Note: Since the data charted in the above figures for the last period of 2018/19 include only 9 months data (till Chaitra of 2075), due to which net profit has shown downward trend when compared to net profit of other years. Same goes for other indicators as well. The figure may change after the final valuation report.
Key Financial Indicators (V/S industry)
NLIC Price History
Highest Trading Price: Rs.4430 (2016-07-19)
Lowest Trading Price: Rs.870 (2019-07-01)
