Kathmandu. Citizen Life Insurance Company has published its financial results for the second quarter of the fiscal year 2082÷83. According to the public data, most of the company’s financial indicators have improved.

The company’s net profit increased by 0.24 percent to Rs 23.15 crore in the first quarter of the current FY. The company had posted a net profit of Rs 23.09 crore in the same quarter last year.

In the review period, the company’s life insurance fund increased by 35.39 percent to Rs 2.28 billion and the net earned premium increased by 22.23 percent to Rs 3.88 billion. Similarly, income from loans and investments increased by 6.66 percent to Rs 1.01 billion.

Total income of the company increased by 18.95 percent to Rs 4.98 billion and total expenses increased by 20.05 percent to Rs 4.75 billion. During this period, the commission expense increased by 19.50 percent to Rs 380.6 million.

Meanwhile, the disaster fund increased by 10.05 percent to Rs 253.5 million while the profit decreased by 69.01 percent to Rs 356.5 million. During the review period, the company maintained 8,46,423 policies.

Earnings per share declined to Rs 9.26 from Rs 11.73 and net worth per share stood at Rs 126.52. The company’s paid-up capital is stable at Rs 50 crore.