Kathmandu. Nepal Life Insurance Company Limited (NLIC) has published its financial results for the first quarter of the current fiscal year. The company earned a net profit of Rs 21.55 crore during the period. The company had posted a net profit of Rs 20.54 crore in the previous fiscal year. The profit of the company increased by 4.94 percent in the current fiscal year compared to the previous year.

Similarly, the size of the company’s insurance fund increased from Rs 208.44 billion to Rs 17.16 billion in the review period. It increased by 78 percent to Rs 245.49 billion. During the period, the company’s net premium increased by 13.18 percent to Rs 13.36 billion from Rs 11.81 billion.

During the period, the total income of the company increased from Rs. 17.97 billion to Rs. 18.36 billion, while the total expenses of the company increased from Rs. 16.57 billion to Rs. 17.28 billion.

The company has increased its commission by 10.24 percent to Rs 960.4 million from Rs 871.2 million in the previous year. The company’s earnings per share declined to Rs 9.55 from Rs 10.01. The net worth per share is Rs 138.14.

The company has paid-up capital of Rs 9.02 billion and reserve fund of Rs 1.34 billion.