Kathmandu. IME Life Insurance Limited has published its financial statements for the first quarter of the current fiscal year. According to the report, the net profit of the insurance company has increased slightly compared to the same period of the last FY.

In the first three months of the current FY, the insurance company has earned a net profit of Rs. 15.83 crores. It was 9.17 percent higher than the same period last year. The company had posted a net profit of Rs 14.50 crore in the same period last year.

Likewise, the insurance company’s net earned premium increased by 31.96 percent and total income by 25.33 percent in the review period. Similarly, the total claim payment has increased by 28.61 percent and the total expenses have increased by 26.96 percent. Along with the profit, the company’s earnings per share also increased modestly.

In the review period, the insurance company’s income increased by Rs 1.06 to Rs 12.67. The net worth per share of the insurance company is Rs 137.41 and P/E ratio is 33.56 times.

The insurance company with Rs 5 billion in paid-up capital has Rs 52.38 crore in share premium, Rs 27.86 crore in disaster fund, Rs 86.26 crore in retarded earnings and Rs 20.53 crore in other equity.