Kathmandu. KATHMANDU: IME Life Insurance has published its financial statements for the second quarter of the current FY. According to the report, the net profit of the insurance company has shown a slight improvement compared to the same period of the last fiscal year.

The company earned a net profit of Rs 27.06 crore in the first six months of the current FY. It was 1.04 percent more than the same period last year. The company had posted a net profit of Rs 26.78 crore in the same quarter last year.

The company’s net premium has increased by 36.45 percent to Rs 3.19 billion in the same period of the current FY. The company had earned Rs 2.33 billion in the same period last year.

The total income of the company increased by 27.59 percent to Rs 4.01 billion. The company’s income stood at Rs 3.14 billion in the same period last year.

Similarly, the total claim payment of the insurance company has increased by 30.71 percent to Rs 2,941 crore. The company had earned Rs 2.25 billion in the same period last year.

The total expenses of the company increased by 30.06 percent to Rs 3.74 billion. The company’s earnings per share have also increased modestly. In the review period, the income of the insurance company increased by 11 paise to Rs 10.83. As of mid-January, the insurance company has a net worth of Rs 129.16 and P/E ratio of 41.11 times.

The company has paid-up capital of Rs 5 billion, share premium of Rs 52.38 crore, Rs 28.98 crore in disaster fund, Rs 43.42 crore in retired earnings and Rs 210 million in other equity.