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Himalayan Life Insurance’s net profit declines by 44.65 percent

nabil bank

Let’s lumber. Himalayan Life Insurance Company (HLIC) has earned a net profit of Rs 26.14 crore in the first quarter of the current FY. The profit was 44.65 percent lower than the corresponding period of the previous year. The company had posted a net profit of Rs 47.24 crore in the same quarter last year.

As of mid-April, the company’s life insurance fund stood at Rs 86.09 billion. In the same period of the last fiscal year, it was Rs 73.77 billion.

The company has earned Rs 1.29 billion in net insurance premiums till mid-April. It was Rs 1.21 billion in the same period last year.

During the period, the company’s total income stood at Rs 17.59 billion. In the same period of the previous year, it was Rs. 18.48 billion.

Similarly, the company’s expenses stood at Rs 16.90 billion. It was Rs 17.14 billion in the previous fiscal year.

The company has a paid-up capital of Rs 9.14 billion and reserve fund of Rs 99.63 crore.

The company has paid claims of Rs 14.63 billion till mid-April. In the same period of the last fiscal year, 14.96 billion claims were paid.

The company has EPS of Rs 3.81 and net worth per share of Rs 100.45.

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