चौथो त्रैमासिक वित्तीय विवरण तथा नियम २६ सम्बन्धी विवरणFourth Quarter Financial Statements & Regulatory Disclosures

Particulars	This Quarter Upto	This Quarter (YTD)	This Quarter Upto	This Quarter (YTD)
Income:
Gross Earned Premiums	757,261,156	2,729,584,297	845,923,401	2,531,533,850
Premiums Ceded	(458,517,468)	(1,896,512,915)	(576,952,048)	(1,767,266,467)
Net Earned Premiums	298,743,688	833,071,382	268,971,353	764,267,383
Commission Income	178,329,593	455,791,483	139,937,224	410,183,050
Other Direct Income	3,931,548	15,522,215	3,089,017	15,681,440
Income from Investments and Loans	31,021,495	110,297,408	34,458,834	170,154,384
Net Gain/(Loss) on Fair Value Changes	-	-	-	-
Net Realised Gains/(Losses)	13,623,906	10,108,466	(2,656,286)	107,999,373
Other Income	3,730,500	5,597,149	1,523,572	3,504,556
Total Income	529,380,730	1,430,388,103	445,323,714	1,471,790,186
Expenses:
Gross Claims Paid	544,220,701	1,797,140,798	521,515,317	1,163,622,859
Claims Ceded	(365,438,681)	(1,275,716,062)	(391,536,227)	(785,218,919)
Gross Change in Contract Liabilities	(359,686,192)	(95,225,344)	(769,845,008)	495,251,186
Change in Contract Liabilites Ceded to Reinsurers	409,521,783	230,871,959	751,425,781	(484,659,989)
Net Claims Incurred	228,617,611	657,071,351	111,559,863	388,995,137
Commission Expenses	25,643,447	69,210,311	18,080,118	44,865,601
Service Fees	1,884,606	5,546,012	2,819,392	5,856,814
Other Direct expenses	5,382,418	16,788,915	10,964,359	24,959,213
Employee Benefits Expenses	105,187,496	332,728,521	94,073,608	355,416,835
Depreciation and Amortization Expenses	7,544,467	30,959,340	8,571,044	35,217,933
Impairment Losses	-	-	400,226	400,226
Other Operating Expenses	41,969,519	129,283,928	48,419,122	129,468,134
Finance Cost	757,117	3,028,470	840,157	3,360,630
Total Expenses	416,986,681	1,244,616,848	295,727,889	988,540,523
Net Profit/(Loss) Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax	112,394,049	185,771,255	149,595,825	483,249,663
Share of Net Profit of Associates accounted using Equity Method	-	-	-	-
Profit Before Tax	112,394,049	185,771,255	149,595,825	483,249,663
Income Tax Expenses	33,718,215	55,731,377	46,370,199	146,466,350
Net Profit/(Loss)	78,675,834	130,039,878	103,225,626	336,783,313
Earning Per Share
Basic EPS	-	5.76	-	15.66
Diluted EPS	-	5.76	-	15.66

CONDENSED STATEMENT OF OTHER COMPREHENSIVE INCOME

Fig In NPR.

Particulars Current Year	This Quarter Current Year Upto	This Quarter (YTD) Corresponding Previous Year	This Quarter Corresponding Previous Year Upto	This Quarter (YTD)
Net Profit/(Loss)	78,675,834	130,039,878	103,225,626	336,783,313
Other Comprehensive Income	(35,437,830)	(54,834,251)	79,619	(35,691,941)
Total Comprehensive Income	43,238,004	75,205,627	103,305,245	301,091,372

Information as required by Securities Registration and Issuance Regulation 2073 (Related to Sub rule (1) of rule 26)

1. Information Regarding Financial Statement

a) Quarterly Financials

Provisional unaudited fourth quarter report of FY 2080-81 are published with this report.

b) Major Financial Highlights:

Earning Per Share (Annualized) Rs. 5.76

Price to Earning Ratio (PE Ratio) 81.42

Total Assets Value Per Share Rs. 389.86

Net worth Per Share Rs. 147.33

2. Management Analysis:

a) Despite the huge claims arising from Gen-Z movement in current year, we have been able to close the year on positive profit.

b) There is less demand for loans from the private sector such as manufacturing and construction industries, which have consequently impacted the growth of non-life insurance sector. Management is hopeful that there will be sustainable economic growth, as per the new economic development plan introduced by the government.

3. Details Regarding Legal Action :

a) Case filed by or to company during the quarter:

There are some normal business-related legal issues which do not have significant impact in company's overall business.

b) Case by or against the promoter or director of company regarding disobedience of prevailing law commission of criminal offence:

None to our knowledge.

c) Case by or against the promoter or director of company regarding commission of financial crime:

None to our knowledge.

4. Analysis of share transaction and progress of organized institution:

a) Management's view of share transactions of organized institution of securities market:

The price of share is determined by the open market, so the management has neutral view regarding share transaction and its movement.

b) Maximum, minimum and last share price of the organized institution including total transaction and transaction days during the quarter:

Maximum Price 523

Minimum Price 437

Closing Price 469

No. of Traded Shares 1,044,750

No. of Transaction 7,955

Traded days 64

5. Problems and Challenges:

Internal

• Increment of Operating cost

External

• Slowdown in economy

• Decreasing market interest rate

Strategies to overcome challenges

• Maintaining appropriate portfolio mix

• Moving towards digitization

• Diversifying the investment

6. Corporate Governance:

Company is committed to maintain the high standards of corporate governance by complying to legal & regulatory requirements. Required policies and structures are in place and are reviewed regularly and monitored regularly. Audit Committee ensures the establishment of effective internal controls and provides recommendation to management regarding internal control and compliance issues.

7. Declaration by CEO:

I, CEO of the company, take responsibility for the truthfulness of the information and details disclosed in this report. I also hereby declare that to the best of my knowledge and belief, the information disclosed in this report are true, fair and complete and have not concealed any matters that can adversely affect the investment decision of the investors.