हिमालयन रिइन्स्योरेन्सको तेस्रो त्रैमासिक वित्तीय नतिजा सार्वजनिकHimalayan Reinsurance Publishes Third Quarter Financial Results
- वर्ग:
- Financial Analysis
- प्रकाशित मिति:
- Published on June 9, 2026
- जारीकर्ता:
- NEPSE Trading
- पढ्ने समय:
- 4 मिनेट
HIMALAYAN REINSURANCE LIMITED
Quarterly Financial Results for (Third Quarter), F.Y. २०८२/८३
Fig in NPR.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Particulars Group At the end of this Quarter Group At the end of Immediate Previous Year Reinsurance At the end of this Quarter Reinsurance At the end of Immediate Previous Year
Assets:
| Goodwill & Intangible Assets | ३६,२८८,९५७ | ३३,००२,५६८ | ३३,७५१,५४२ | २९,२३२,०३४ |
| Investment Properties | ९९,०२३,९६७ | ९६,७४३,७४७ | ७९,०५७,२३३ | ७४,४५१,९२७ |
Property and Equipment - - - -
| Investment in Subsidiaries - - | १,०५०,०००,००० | १,०५०,०००,००० | ||
| Deferred Tax Assets | ६४०,९६४,२०५ | २७८,०१५,४९३ | ६३७,४२०,६९१ | २७६,४४०,६८० |
| Investment in Associates | ११३,७००,१६५ | ११३,६४५,६३८ | ११३,७००,१६५ | ११३,६४५,६३८ |
| Investments | १६,११९,७६०,०९३ | १९,०२९,६३६,७७८ | १६,११८,७५६,८१६ | १८,९०३,६१५,३४२ |
| Loans | १६,०७०,११४ | २५,२२४,०३० | १६,०७०,११४ | २५,२२४,०३० |
| Reinsurance Assets | ५६३,७१६,१६७ | २९९,०४२,०७२ | ५६३,७१६,१६७ | २९९,०४२,०७२ |
| Current Tax Assets | २२०,७१०,३०३ | २२०,७१०,३०३ | ||
| Insurance Receivables | १,६३२,०३७,५३२ | १,५८९,४५२,६६६ | १,६३२,०३७,५३२ | १,५८९,४५२,६६६ |
| Other Assets | ४,४८४,२९४,४५५ | १,६३६,१४७,५३३ | ३,३५४,३४५,९३४ | ७३६,१४७,५३३ |
| Other Financial Assets | ४१५,४२३,८४३ | ४४८,९५३,२७१ | ४००,०१९,०३१ | |
| Cash and Cash Equivalent | १,५३९,४४०,२०० | ३१६,४६३,६७१ | १,५३२,५४६,०५७ | २८४,८६४,४७४ |
| Total Assets | २५,८८१,४२९,९०० | २३,८६६,२५७,४६६ | २५,७६७,५३६,२३६ | २३,७८२,५३५,५२६ |
Equity:
Share Capital १०,८६८,०००,००० १०,८६८,०००,००० १०,८६८,०००,००० १०,८६८,०००,०००
Share Application Money Pending Allotment - - - -
| Share Premium | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ |
| Special Reserves | २,०१९,३२२,२३३ | १,९६६,८०७,७२० | २,०१९,३२२,२३३ | १,९६६,८०७,७२० |
| Catastrophe Reserves | २०३,२९३,७०५ | १९८,०४२,२५३ | २०३,२९३,७०५ | १९८,०४२,२५३ |
| Retained Earnings | ७१४,७९८,५६२ | ८३२,८२१,७७० | ६९१,६१३,९८९ | ८२७,६५४,७७८ |
| Other Equity | (५८३,४१४,३५१) | (१८४,८०९,११५) | (५८३,४१४,३५१) | (१८४,८०९,११५) |
| Non Controlling Interest | ५७,७२८,१९१ | ५१,७२२,३३० | ||
| Total Equity | १६,४०२,५३५,६५५ | १६,८५५,२९१,२७४ | १६,३२१,५२१,८९१ | १६,७९८,४०१,९५२ |
Liabilities:
| Provisions | २२,२१८,१७८ | २२,२१८,१७८ | २२,२१८,१७८ | २२,२१८,१७८ |
| Gross Insurance Contract Liabilities | ८,९९३,९६३,६६८ | ६,३६६,७०१,३१२ | ८,९९३,९६३,६६८ | ६,३६६,७०१,३१२ |
Deferred Tax Liabilities - - - -
| Insurance Payable | २३१,३२१,३५९ | १७२,०५५,३५९ | २३१,३२१,३५९ | १७२,०५५,३५९ |
| Current Tax Liabilities - | १०४,४९६,८८० | १००,३९८,०५० |
Borrowings - - - -
| Other Liabilities | ५८,३३९,५५५ | १२२,३९०,०८६ | २५,५०९,०२१ | १०२,१८७,३०१ |
| Other Financial Liabilities | १७३,१५२,५८५ | २२३,१०४,३७९ | १७३,१०२,११९ | २२०,५७३,२७५ |
| Total Liabilities | ९,४७८,९९४,२४५ | ७,०१०,९६६,१९२ | ९,४४६,०१४,३४५ | ७,०१०,९६६,१९२ |
| Total Equity and Liabilities | २५,८८१,४२९,९०० | २३,८६६,२५७,४६६ | २५,७६७,५३६,२३६ | २३,७८२,५३५,५२६ |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD) Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
Income:
| Gross Earned Premiums | १,०२२,५११,८५० | ४,३१३,९०३,२३१ | १,९५८,९६९,५१७ | ४,४६५,६७३,११२ | १,०२२,५११,८५० | ४,३१३,९०३,२३१ | १,९५८,९६९,५१७ | ४,४६५,६७३,११२ |
| Premiums Ceded | (२२३,७६६,०६८) | (२७४,२९५,५४१) | (७१,३५८,५७९) | (२८४,७६३,१९७) | (२२३,७६६,०६८) | (२७४,२९५,५४१) | (७१,३५८,५७९) | (२८४,७६३,१९७) |
| Net Earned Premiums | ७९८,७४५,७८२ | ४,०३९,६०७,६९० | १,८८७,६११,१३८ | ४,१८०,९०९,९१५ | ७९८,७४५,७८२ | ४,०३९,६०७,६९० | १,८८७,६११,१३८ | ४,१८०,९०९,९१५ |
Commission Income - - - - - - - -
| Other Direct Income | ३८,६०३,१०१ | ५७,९४६,२०८ | ९,६५०,०७१ | ९८,१५९,४१४ | ३८,६०३,१०१ | ५७,९४६,२०८ | ९,६५०,०७१ | ९८,१५९,४१४ |
| Income from Investments and Loans | १६७,८६१,०२० | ६२१,३५२,१५० | २६९,८२६,४०० | ९१६,३१५,२९३ | १६७,८६१,०२० | ६२१,३५२,१५० | २६९,८२६,४०० | ९१६,३१५,२९३ |
Net Gain/(Loss) on Fair Value Changes - - - - - - - -
Net Realised Gains/(Losses) - - - - - - - -
| Other Income | ४,८४८,७१४ | २९,७४५,५९६ | ४,०७२,३०३ | १३,३१२,०५० | ३,६१६,८५३ | ९,३२८,५१९ | ३,६३८,७०७ | ९,४२२,१३८ |
| Total Income | १,०१०,०५८,६१७ | ४,७४८,६५१,६४४ | २,१७०,९५९,९१२ | ५,२०८,६९६,६७२ | १,००८,८२३,०५६ | ४,७२८,२३४,५६७ | २,१७०,९५९,९१२ | ५,२०८,६९६,६७२ |
Expenses:
Gross Claims Paid ४४९,३९१,२३३ १,३३३,५६५,०४९ ६३६,२२४,८६१ १,३१५,३४२,७१२ ४४९,३९१,२३३ १,३३३,५६५,०४९ ६३६,२२४,८६१ १,३१५,३४२,७१२
Claims Ceded - - - - - - - -
| Gross Change in Contract Liabilities | १,७०७,६११,२९६ | २,४४७,९०१,८१७ | ५३४,९३५,४२९ | १,०९५,७२१,२१५ | १,७०७,६११,२९६ | २,४४७,९०१,८१७ | ५३४,९३५,४२९ | १,०९५,७२१,२१५ |
| Change in Contract Liabilities Ceded to Reinsurers | (१६९,४१७,९५९) | (२६४,६७४,०९५) | (७०,९१९,७१८) | (१२९,५३६,०१५) | (१६९,४१७,९५९) | (२६४,६७४,०९५) | (७०,९१९,७१८) | (१२९,५३६,०१५) |
| Net Claims Incurred | १,९८७,५८४,५७० | ३,५१६,७९२,७७१ | १,१००,२४०,५७२ | २,२८१,५२७,९१२ | १,९८७,५८४,५७० | ३,५१६,७९२,७७१ | १,१००,२४०,५७२ | २,२८१,५२७,९१२ |
| Commission Expenses | १९७,५७८,५३२ | ८५४,४३२,२१८ | ३८१,८५०,९५२ | ८८३,०१७,४०३ | १९७,५७८,५३२ | ८५४,४३२,२१८ | ३८१,८५०,९५२ | ८८३,०१७,४०३ |
| Service Fees | ९,५८६,५९६ | ३५,७५६,६९५ | १२,७५६,४०२ | ३६,३७४,४१८ | ९,५८६,५९६ | ३५,७५६,६९५ | १२,७५६,४०२ | ३६,३७४,४१८ |
| Other Direct expenses | ६१,८२२,९०९ | १६०,६७६,५६१ | ५६,९६९,७३९ | ६३,९४२,२३० | ६१,८२२,९०९ | १६०,६७६,५६१ | ५६,९६९,७३९ | ६३,९४२,२३० |
| Employee Benefits Expenses | (७०,६१६,९३२) | १४८,८३८,८५२ | ८८,६८५,६०० | २७३,९०१,९४९ | (७०,६१६,९३२) | १४८,८३८,८५२ | ८८,६८५,६०० | २७३,९०१,९४९ |
| Depreciation and Amortization Expenses | ११,६५६,०७४ | ३५,७१४,१२७ | ९,५२०,७५३ | २७,९२२,५२२ | ११,५०६,०७४ | ३४,१३२,४७९ | १०,०२०,९८० | २७,६९५,३७९ |
Impairment Losses - - - - - - - -
| Other Operating Expenses | ५७,६९९,२०२ | १७४,७४३,१५९ | ५७,३८१,४४३ | १५७,५७१,५५४ | ५५,४३१,९७७ | १६६,२००,०५१ | ५२,७४२,४४३ | १४९,६३१,२७० |
| Finance Cost | ५१५,६३६ | १,५७१,६८६ | ५७६,५५७ | १,८७४,२०९ | ५१५,६३६ | १,५७१,६८६ | ४१३,७३८ | १,२३४,०९९ |
| Total Expenses | २,२५५,४२६,५८७ | ४,९२८,४२६,०६९ | १,६९७,९८२,४१८ | ३,७३५,५०२,३३८ | २,२५०,७३२,७०२ | ४,९०७,४०८,४६८ | १,६९१,९१८,३९१ | ३,७१७,३२४,७२० |
| Net Profit/(Loss) For The Year Before Share of Equity Method and Tax | (१,२४५,७६७,९७०) | (१७९,७७४,४२६) | ४७२,९७७,४९४ | १,४७३,२९४,३३४ | (१,२४१,९११,६४६) | (१७९,२५३,४६७) | ४७८,६४४,२४५ | १,४८५,३३७,४६३ |
Share of Net Profit of Associates accounted using Equity Method - - - - - - - -
| Profit Before Tax | (१,२४५,७६७,९७०) | (१७९,७७४,४२६) | ४७२,९७७,४९४ | १,४७३,२९४,३३४ | (१,२४१,९११,६४६) | (१७९,२५३,४६७) | ४७८,६४४,२४५ | १,४८५,३३७,४६३ |
| Income Tax Expenses | (५५१,०९८,२२७) | (१३४,९००,६३४) | ९६,३५६,३२५ | ४९६,०३३,२४८ | (५५०,१०१,००७) | (१३४,९००,६३४) | ९६,३५६,३२५ | ४९६,०३३,२४८ |
| Net Profit/(Loss) For The Year | (६९४,६६९,७४३) | (४४,८७३,७९२) | ३७६,६२१,१६९ | ९७७,२६१,०८६ | (६९१,८१०,६३९) | (४४,३५२,८३३) | ३८२,२८७,९२० | ९८९,३०४,१७७ |
Earning Per Share
| Basic EPS | (०.५५) | (०.५५) | १२.५३ | १२.५३ | (०.५४) | (०.५४) | १२.६८ | १२.६८ |
| Diluted EPS | (०.५५) | (०.५५) | १२.५३ | १२.५३ | (०.५४) | (०.५४) | १२.६८ | १२.६८ |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD) Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
| Net Profit/(Loss) For The Year | (६९४,६६९,७४३) | (४४,८७३,७९२) | ३७६,६२१,१६९ | ९७७,२६१,०८६ | (६९१,८१०,६३९) | (४४,३५२,८३३) | ३८२,२८७,९२० | ९८९,३०४,१७७ |
| Other Comprehensive Income | १९,३०४,७०४ | (५१,८११,१३०) | (२५१,५४९,६६५) | २२७,९९४,९०९ | १९,३०४,७०४ | (५१,८११,१३०) | (२३२,२००,०६६) | २१०,२६२,०१९ |
| Total Comprehensive Income | (६७५,३६५,०३९) | (९६,६८४,९२२) | १२५,०७१,५०४ | १,२०५,२५५,९९५ | (६७२,५०५,९३५) | (९६,१६३,९६३) | १५०,०८७,८५४ | १,१९९,५६६,१९६ |
OTHER DETAILS
Particulars Current Year Upto this Quarter (YTD) Previous Year Upto this Quarter (YTD)
१. Total Issued Policy Count - -
२. Total Renewed Policy Count - -
३. Total Claims Paid Count - -
४. Outstanding Claims Count - -
| ५. Long Term Investments (Amount) | १२,३७१,४०१,६८१ | १३,०३७,९३२,६०० |
| ६. Short Term Investments (Amount) | ५,९११,०५५,३०० | ५,५४५,५४४,५० |
Disclosure as per Section 84(3) of Insurance Act, 2079
१. Solvency Ratio related disclosure: ३५२% (FY २०८०/८१).
२. Reinsurance related disclosure: The Company has made adequate retrocession arrangement to cover the risks assumed.
३. Details regarding legal proceeding: There are no legal cases filed against or by the Company.
४. Corporate Governance: The Company has complied with the Corporate Governance Directive issued by Nepal Insurance Authority.
५. The Company has complied with other applicable laws and directives issued by the regulatory bodies.
Disclosure as required by other regulatory bodies and Nepal Financial Reporting Standards
Publication of Information as Required by Securities Registration and Issuance Regulations, २०७३ (Related to Schedule-१४)
१. Financial Statement
a) Statements of Financial Position and statement of Profit and Loss, Statement of Other Comprehensive Income for the quarterly period are published herewith.
b) Key Financial Ratios
Particulars (Annualized Rs.)
Earnings per share (०.५४)
P.E. Ratio (१,३६३.६२)
Net worth per share (Rs.) १५०.१८
Value of total assets per share (Rs.) २३७.१०
२. Managerial Analysis
a) The company has earned gross insurance premiums of Rs. ४.४९३.२६ million by the end of Chaitra, the third quarter of २०८२-०८३. The company has also generated income from investment by allocating the collected premium and reserved funds in the areas specified by the insurance authority.
b) The company has adopted the strategy of consolidating the domestic business and is taking steps in establishing itself in International market to enhance the inflow of overseas business.
३. Details of legal proceedings
No legal disputes arising from business dealings were initiated in this period.
४. Analysis of Share Transactions of Organized Institutions
Quarterly period share transaction details (Source Nepal Stock Exchange Ltd. website (www.nepalstock.com))
Particulars
Maximum price (Rs.) ९५०.००
Minimum price (Rs.) ६६५.००
Final price (Rs.) ७४२.००
Total days of transaction ५३
Number of transactions ९९,४५०
Transaction amount (Rs.) ९,५८८,७०१,४१२
५. Problems and challenges
The economic recession has adversely affected the overall insurance sector. As the larger proportion of the business currently is from domestic market, the continuity of the recession might have some impact on the company for short period of time till the company establishes itself in the international market.
६. Corporate governance
The company adheres to the principles of good corporate governance. The company considers corporate governance as a means of ensuring business and operational excellence with commercialism and transparency. The company follows the prevailing law, the guidelines issued by the Insurance Authority and the suggestions of the auditor in its work.
७. Declaration of the Chief Executive Officer on accuracy and completeness
I am aware for the accuracy of the information and details presented in this report. I also affirm that the details presented in this report are truthful, factual and complete and no details, information and information necessary for investors to make an informed decision have been concealed.
HIMALAYAN REINSURANCE LIMITED
Quarterly Financial Results for (Third Quarter), F.Y. २०८२/८३
Figures in NPR.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Particulars Group At the end of this Quarter Group At the end of Immediate Previous Year Reinsurance At the end of this Quarter Reinsurance At the end of Immediate Previous Year
Assets:
| Goodwill & Intangible Assets | ३६,२८८,९५७ | ३३,००२,५६८ | ३३,७५१,५४२ | २९,२३२,०३४ |
| Investment Properties | ९९,०२३,९६७ | ९६,७४३,७४७ | ७९,०५७,२३३ | ७४,४५१,९२७ |
Property and Equipment - - - -
| Investment in Subsidiaries - - | १,०५०,०००,००० | १,०५०,०००,००० | ||
| Deferred Tax Assets | ६४०,९६४,२०५ | २७८,०१५,४९३ | ६३७,४२०,६९१ | २७६,४४०,६८० |
| Investment in Associates | ११३,७००,१६५ | ११३,६४५,६३८ | ११३,७००,१६५ | ११३,६४५,६३८ |
| Investments | १६,११९,७६०,०९३ | १९,०२९,६३६,७७८ | १६,११८,७५६,८१६ | १८,९०३,६१५,३४२ |
| Loans | १६,०७०,११४ | २५,२२४,०३० | १६,०७०,११४ | २५,२२४,०३० |
| Reinsurance Assets | ५६३,७१६,१६७ | २९९,०४२,०७२ | ५६३,७१६,१६७ | २९९,०४२,०७२ |
| Current Tax Assets | २२०,७१०,३०३ | २२०,७१०,३०३ | ||
| Insurance Receivables | १,६३२,०३७,५३२ | १,५८९,४५२,६६६ | १,६३२,०३७,५३२ | १,५८९,४५२,६६६ |
| Other Assets | ४,४८४,२९४,४५५ | १,६३६,१४७,५३३ | ३,३५४,३४५,९३४ | ७३६,१४७,५३३ |
| Other Financial Assets | ४१५,४२३,८४३ | ४४८,९५३,२७१ | ४००,०१९,०३१ | |
| Cash and Cash Equivalent | १,५३९,४४०,२०० | ३१६,४६३,६७१ | १,५३२,५४६,०५७ | २८४,८६४,४७४ |
| Total Assets | २५,८८१,४२९,९०० | २३,८६६,२५७,४६६ | २५,७६७,५३६,२३६ | २३,७८२,५३५,५२६ |
Equity:
Share Capital १०,८६८,०००,००० १०,८६८,०००,००० १०,८६८,०००,००० १०,८६८,०००,०००
Share Application Money Pending Allotment - - - -
| Share Premium | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ | ३,१२२,७०६,३१६ |
| Special Reserves | २,०१९,३२२,२३३ | १,९६६,८०७,७२० | २,०१९,३२२,२३३ | १,९६६,८०७,७२० |
| Catastrophe Reserves | २०३,२९३,७०५ | १९८,०४२,२५३ | २०३,२९३,७०५ | १९८,०४२,२५३ |
| Retained Earnings | ७१४,७९८,५६२ | ८३२,८२१,७७० | ६९१,६१३,९८९ | ८२७,६५४,७७८ |
| Other Equity | (५८३,४१४,३५१) | (१८४,८०९,११५) | (५८३,४१४,३५१) | (१८४,८०९,११५) |
| Non Controlling Interest | ५७,७२८,१९१ | ५१,७२२,३३० | ||
| Total Equity | १६,४०२,५३५,६५५ | १६,८५५,२९१,२७४ | १६,३२१,५२१,८९१ | १६,७९८,४०१,९५२ |
Liabilities:
| Provisions | २२,२१८,१७८ | २२,२१८,१७८ | २२,२१८,१७८ | २२,२१८,१७८ |
| Gross Insurance Contract Liabilities | ८,९९३,९६३,६६८ | ६,३६६,७०१,३१२ | ८,९९३,९६३,६६८ | ६,३६६,७०१,३१२ |
Deferred Tax Liabilities - - - -
| Insurance Payable | २३१,३२१,३५९ | १७२,०५५,३५९ | २३१,३२१,३५९ | १७२,०५५,३५९ |
| Current Tax Liabilities - | १०४,४९६,८८० | १००,३९८,०५० |
Borrowings - - - -
| Other Liabilities | ५८,३३९,५५५ | १२२,३९०,०८६ | २५,५०९,०२१ | १०२,१८७,३०१ |
| Other Financial Liabilities | १७३,१५२,५८५ | २२३,१०४,३७९ | १७३,१०२,११९ | २२०,५७३,२७५ |
| Total Liabilities | ९,४७८,९९४,२४५ | ७,०१०,९६६,१९२ | ९,४४६,०१४,३४५ | ७,०१०,९६६,१९२ |
| Total Equity and Liabilities | २५,८८१,४२९,९०० | २३,८६६,२५७,४६६ | २५,७६७,५३६,२३६ | २३,७८२,५३५,५२६ |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD) Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
Income:
| Gross Earned Premiums | १,०२२,५११,८५० | ४,३१३,९०३,२३१ | १,९५८,९६९,५१७ | ४,४६५,६७३,११२ | १,०२२,५११,८५० | ४,३१३,९०३,२३१ | १,९५८,९६९,५१७ | ४,४६५,६७३,११२ |
| Premiums Ceded | (२२३,७६६,०६८) | (२७४,२९५,५४१) | (७१,३५८,५७९) | (२८४,७६३,१९७) | (२२३,७६६,०६८) | (२७४,२९५,५४१) | (७१,३५८,५७९) | (२८४,७६३,१९७) |
| Net Earned Premiums | ७९८,७४५,७८२ | ४,०३९,६०७,६९० | १,८८७,६११,१३८ | ४,१८०,९०९,९१५ | ७९८,७४५,७८२ | ४,०३९,६०७,६९० | १,८८७,६११,१३८ | ४,१८०,९०९,९१५ |
Commission Income - - - - - - - -
| Other Direct Income | ३८,६०३,१०१ | ५७,९४६,२०८ | ९,६५०,०७१ | ९८,१५९,४१४ | ३८,६०३,१०१ | ५७,९४६,२०८ | ९,६५०,०७१ | ९८,१५९,४१४ |
| Income from Investments and Loans | १६७,८६१,०२० | ६२१,३५२,१५० | २६९,८२६,४०० | ९१६,३१५,२९३ | १६७,८६१,०२० | ६२१,३५२,१५० | २६९,८२६,४०० | ९१६,३१५,२९३ |
Net Gain/(Loss) on Fair Value Changes - - - - - - - -
Net Realised Gains/(Losses) - - - - - - - -
| Other Income | ४,८४८,७१४ | २९,७४५,५९६ | ४,०७२,३०३ | १३,३१२,०५० | ३,६१६,८५३ | ९,३२८,५१९ | ३,६३८,७०७ | ९,४२२,१३८ |
| Total Income | १,०१०,०५८,६१७ | ४,७४८,६५१,६४४ | २,१७०,९५९,९१२ | ५,२०८,६९६,६७२ | १,००८,८२३,०५६ | ४,७२८,२३४,५६७ | २,१७०,९५९,९१२ | ५,२०८,६९६,६७२ |
Expenses:
Gross Claims Paid ४४९,३९१,२३३ १,३३३,५६५,०४९ ६३६,२२४,८६१ १,३१५,३४२,७१२ ४४९,३९१,२३३ १,३३३,५६५,०४९ ६३६,२२४,८६१ १,३१५,३४२,७१२
Claims Ceded - - - - - - - -
| Gross Change in Contract Liabilities | १,७०७,६११,२९६ | २,४४७,९०१,८१७ | ५३४,९३५,४२९ | १,०९५,७२१,२१५ | १,७०७,६११,२९६ | २,४४७,९०१,८१७ | ५३४,९३५,४२९ | १,०९५,७२१,२१५ |
| Change in Contract Liabilities Ceded to Reinsurers | (१६९,४१७,९५९) | (२६४,६७४,०९५) | (७०,९१९,७१८) | (१२९,५३६,०१५) | (१६९,४१७,९५९) | (२६४,६७४,०९५) | (७०,९१९,७१८) | (१२९,५३६,०१५) |
| Net Claims Incurred | १,९८७,५८४,५७० | ३,५१६,७९२,७७१ | १,१००,२४०,५७२ | २,२८१,५२७,९१२ | १,९८७,५८४,५७० | ३,५१६,७९२,७७१ | १,१००,२४०,५७२ | २,२८१,५२७,९१२ |
| Commission Expenses | १९७,५७८,५३२ | ८५४,४३२,२१८ | ३८१,८५०,९५२ | ८८३,०१७,४०३ | १९७,५७८,५३२ | ८५४,४३२,२१८ | ३८१,८५०,९५२ | ८८३,०१७,४०३ |
| Service Fees | ९,५८६,५९६ | ३५,७५६,६९५ | १२,७५६,४०२ | ३६,३७४,४१८ | ९,५८६,५९६ | ३५,७५६,६९५ | १२,७५६,४०२ | ३६,३७४,४१८ |
| Other Direct expenses | ६१,८२२,९०९ | १६०,६७६,५६१ | ५६,९६९,७३९ | ६३,९४२,२३० | ६१,८२२,९०९ | १६०,६७६,५६१ | ५६,९६९,७३९ | ६३,९४२,२३० |
| Employee Benefits Expenses | (७०,६१६,९३२) | १४८,८३८,८५२ | ८८,६८५,६०० | २७३,९०१,९४९ | (७०,६१६,९३२) | १४८,८३८,८५२ | ८८,६८५,६०० | २७३,९०१,९४९ |
| Depreciation and Amortization Expenses | ११,६५६,०७४ | ३५,७१४,१२७ | ९,५२०,७५३ | २७,९२२,५२२ | ११,५०६,०७४ | ३४,१३२,४७९ | १०,०२०,९८० | २७,६९५,३७९ |
Impairment Losses - - - - - - - -
| Other Operating Expenses | ५७,६९९,२०२ | १७४,७४३,१५९ | ५७,३८१,४४३ | १५७,५७१,५५४ | ५५,४३१,९७७ | १६६,२००,०५१ | ५२,७४२,४४३ | १४९,६३१,२७० |
| Finance Cost | ५१५,६३६ | १,५७१,६८६ | ५७६,५५७ | १,८७४,२०९ | ५१५,६३६ | १,५७१,६८६ | ४१३,७३८ | १,२३४,०९९ |
| Total Expenses | २,२५५,४२६,५८७ | ४,९२८,४२६,०६९ | १,६९७,९८२,४१८ | ३,७३५,५०२,३३८ | २,२५०,७३२,७०२ | ४,९०७,४०८,४६८ | १,६९१,९१८,३९१ | ३,७१७,३२४,७२० |
| Net Profit/(Loss) For The Year Before Share of Equity Method and Tax | (१,२४५,७६७,९७०) | (१७९,७७४,४२६) | ४७२,९७७,४९४ | १,४७३,२९४,३३४ | (१,२४१,९११,६४६) | (१७९,२५३,४६७) | ४७८,६४४,२४५ | १,४८५,३३७,४६३ |
Share of Net Profit of Associates accounted using Equity Method - - - - - - - -
| Profit Before Tax | (१,२४५,७६७,९७०) | (१७९,७७४,४२६) | ४७२,९७७,४९४ | १,४७३,२९४,३३४ | (१,२४१,९११,६४६) | (१७९,२५३,४६७) | ४७८,६४४,२४५ | १,४८५,३३७,४६३ |
| Income Tax Expenses | (५५१,०९८,२२७) | (१३४,९००,६३४) | ९६,३५६,३२५ | ४९६,०३३,२४८ | (५५०,१०१,००७) | (१३४,९००,६३४) | ९६,३५६,३२५ | ४९६,०३३,२४८ |
| Net Profit/(Loss) For The Year | (६९४,६६९,७४३) | (४४,८७३,७९२) | ३७६,६२१,१६९ | ९७७,२६१,०८६ | (६९१,८१०,६३९) | (४४,३५२,८३३) | ३८२,२८७,९२० | ९८९,३०४,१७७ |
Earning Per Share
| Basic EPS | (०.५५) | (०.५५) | १२.५३ | १२.५३ | (०.५४) | (०.५४) | १२.६८ | १२.६८ |
| Diluted EPS | (०.५५) | (०.५५) | १२.५३ | १२.५३ | (०.५४) | (०.५४) | १२.६८ | १२.६८ |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD) Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
| Net Profit/(Loss) For The Year | (६९४,६६९,७४३) | (४४,८७३,७९२) | ३७६,६२१,१६९ | ९७७,२६१,०८६ | (६९१,८१०,६३९) | (४४,३५२,८३३) | ३८२,२८७,९२० | ९८९,३०४,१७७ |
| Other Comprehensive Income | १९,३०४,७०४ | (५१,८११,१३०) | (२५१,५४९,६६५) | २२७,९९४,९०९ | १९,३०४,७०४ | (५१,८११,१३०) | (२३२,२००,०६६) | २१०,२६२,०१९ |
| Total Comprehensive Income | (६७५,३६५,०३९) | (९६,६८४,९२२) | १२५,०७१,५०४ | १,२०५,२५५,९९५ | (६७२,५०५,९३५) | (९६,१६३,९६३) | १५०,०८७,८५४ | १,१९९,५६६,१९६ |
OTHER DETAILS
Particulars Current Year Upto this Quarter (YTD) Previous Year Upto this Quarter (YTD)
- Total Issued Policy Count - -
- Total Renewed Policy Count - -
- Total Claims Paid Count - -
- Outstanding Claims Count - -
| 5. Long Term Investments (Amount) | १२,३७१,४०१,६८१ | १३,०३७,९३२,६०० |
| 6. Short Term Investments (Amount) | ५,९११,०५५,३०० | ५,५४५,५४४,५० |
Disclosure as per Section 84(3) of Insurance Act, 2079
1. Solvency Ratio related disclosure: ३५२% (FY २०८०/८१).
- Reinsurance related disclosure: The Company has made adequate retrocession arrangement to cover the risks assumed.
- Details regarding legal proceeding: There are no legal cases filed against or by the Company.
- Corporate Governance: The Company has complied with the Corporate Governance Directive issued by Nepal Insurance Authority.
5. The Company has complied with other applicable laws and directives issued by the regulatory bodies.
Disclosure as required by other regulatory bodies and Nepal Financial Reporting Standards
Publication of Information as Required by Securities Registration and Issuance Regulations, २०७३ (Related to Schedule-१४)
1. Financial Statement
a) Statements of Financial Position and statement of Profit and Loss, Statement of Other Comprehensive Income for the quarterly period are published herewith.
b) Key Financial Ratios
Particulars (Annualized Rs.)
Earnings per share (०.५४)
P.E. Ratio (१,३६३.६२)
Net worth per share (Rs.) १५०.१८
Value of total assets per share (Rs.) २३७.१०
2. Managerial Analysis
a) The company has earned gross insurance premiums of Rs. ४.४९३.२६ million by the end of Chaitra, the third quarter of २०८२-०८३. The company has also generated income from investment by allocating the collected premium and reserved funds in the areas specified by the insurance authority.
b) The company has adopted the strategy of consolidating the domestic business and is taking steps in establishing itself in International market to enhance the inflow of overseas business.
3. Details of legal proceedings
No legal disputes arising from business dealings were initiated in this period.
4. Analysis of Share Transactions of Organized Institutions
Quarterly period share transaction details (Source Nepal Stock Exchange Ltd. website (www.nepalstock.com))
Particulars
Maximum price (Rs.) ९५०.००
Minimum price (Rs.) ६६५.००
Final price (Rs.) ७४२.००
Total days of transaction ५३
Number of transactions ९९,४५०
Transaction amount (Rs.) ९,५८८,७०१,४१२
5. Problems and challenges
The economic recession has adversely affected the overall insurance sector. As the larger proportion of the business currently is from domestic market, the continuity of the recession might have some impact on the company for short period of time till the company establishes itself in the international market.
6. Corporate governance
The company adheres to the principles of good corporate governance. The company considers corporate governance as a means of ensuring business and operational excellence with commercialism and transparency. The company follows the prevailing law, the guidelines issued by the Insurance Authority and the suggestions of the auditor in its work.
7. Declaration of the Chief Executive Officer on accuracy and completeness
I am aware for the accuracy of the information and details presented in this report. I also affirm that the details presented in this report are truthful, factual and complete and no details, information and information necessary for investors to make an informed decision have been concealed.
