Kathmandu. National Life Insurance Company (NLIC) has published its financial results for the first quarter of the current fiscal year. The company earned a net profit of Rs 14.08 crore in the first quarter of the current FY. The company’s net profit increased by 1.81 percent compared to the same period last year. The company had posted a net profit of Rs 13.83 crore in the same quarter last year.

In the review period, the company’s net insurance premium increased by 14 percent to Rs 5.52 billion compared to Rs 4.85 billion. The life insurance fund of the company increased by 24.72 percent to Rs 93.63 billion in the same period of the current FY from Rs 75.07 billion in the same period of the last FY.

Total income of the company increased by 9.23 percent to Rs 7.31 billion from Rs 6.69 billion while total expenses increased by 10.58 percent to Rs 6.96 billion from Rs 6.30 billion. In the first three months of the current fiscal year, the company has increased its commission by 12 percent to Rs 47.71 crore from Rs 42.61 crore in the first three months of the current FY.

The company’s earnings per share declined by 36 paise to Rs 10.30. The company’s earnings per share was Rs 10.66 in the previous fiscal year. The net worth per share of the company stands at Rs 131.54. As of the first quarter of the current FY, the company has a paid-up capital of Rs 5.47 billion. The company has a share premium of Rs 2.78 crore, a reserve fund of Rs 68.13 crore and a reserve fund of Rs 63.80 crore.