Himalayan Life Insurance’s Profit Increases by 8.73%, Total Income Reaches NPR 12.21 Billion
Author
Nepse trading
Himalayan Life Insurance Limited (HLI) has published its unaudited financial report for the second quarter of the fiscal year 2081/82. The report indicates positive growth in the company’s income, profit, and insurance premium collection.
Financial Highlights
Net Earned Premium: NPR 8.06 billion (Up 2.13% from NPR 7.89 billion last year)
Total Income: NPR 12.21 billion (Up 11.25% from NPR 10.97 billion)
Net Profit: NPR 376.2 million (Up 8.73% from NPR 346 million)
Net Benefits & Claims Paid: NPR 9.89 billion (Up 7.49% from NPR 9.20 billion)
Total Expenses: NPR 11.33 billion (Down 2.58% from NPR 11.63 billion)
Per Share Indicators
Earnings Per Share (EPS): NPR 9.38 (Increased by NPR 0.75 from NPR 8.63 last year)
Price-to-Earnings (P/E) Ratio: 48.17 times
Net Worth Per Share: NPR 130.21 (Up from NPR 123.13)
Equity and Reserves
Paid-up Capital: NPR 8.02 billion (Remains unchanged)
Catastrophe Reserve: NPR 460.9 million
Retained Earnings: NPR 2.13 billion (Up 50.09% from NPR 1.42 billion)
Other Equity: Negative NPR 170.9 million (Last year: Positive NPR 252.5 million)
The financial report indicates that Himalayan Life Insurance has shown steady growth in net profit, premium collection, and overall income. With reduced expenses and increasing profitability, the company’s financial position appears strong.
