15 August 2024, Kathmandu
Nepal Life Insurance has solidified its position as a top performer among life insurance companies listed on the Nepal Stock Exchange (NEPSE).
Nepal Life Insurance Leads in Financial Indicators
According to the fourth-quarter financial reports for the current fiscal year. The company excels across various financial metrics, including paid-up capital, net insurance premiums, and net profit.
Nepal Life Insurance boasts the highest paid-up capital at Rs 8.21 billion, with its shares trading above Rs 1,000 on the secondary market. The company reported a substantial net insurance premium of Rs 40 billion 11 million, contributing 30% of the total Rs 1 trillion 37 billion earned by the 12 listed life insurance companies. In terms of net profit, Nepal Life is a leading performer, demonstrating its strength in the sector.
Following Nepal Life, National Life Insurance ranks second with a paid-up capital of Rs 8 billion and a net insurance premium of Rs 18.79 billion. Other notable performers include Himalayan Life, with net insurance premiums of Rs 16.19 billion and a net profit of Rs 63.38 crore. Sun Nepal Life achieved a net profit of Rs 574.9 million, making it the second-highest profit earner, while IME Life secured the third position with Rs 51.45 crore in net profit.
LIC Nepal also stands out with a strong reserve fund of Rs 3.57 billion and a life insurance fund totalling Rs 1.02 trillion. The company’s share price is above Rs 2,000, reflecting its robust financial health.
In terms of earnings per share (EPS), Sun Nepal Life leads with an EPS of Rs 14.51, followed by IME Life at Rs 10.29. Citizen Life Insurance excels in net worth per share, valued at Rs 176.96, while Asian Life holds the lowest net worth at Rs 118.
Overall, the financial indicators from the fourth-quarter reports highlight Nepal Life Insurance as a dominant force in the sector, with strong performances across capital, earnings, and profitability. Investors are advised to consider these metrics when evaluating investment opportunities in the life insurance sector.
