नेशनल लाइफ इन्स्योरेन्सको पहिलो त्रैमासिक वित्तीय विवरणNational Life Insurance First Quarter Financial Results
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 16, 2026
Quarterly Financial Results for First Quarter
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
| Particulars Group | Unaudited At the end of this Quarter Group | Unaudited At the end of Immediate Previous Year |
|---|---|---|
| Assets: | ||
| Goodwill & Intangible Assets | 330,398,741 | 330,804,749 |
| Property and Equipment | 1,165,273,468 | 1,179,493,213 |
| Investment Properties | 2,010,065,532 | 2,010,065,532 |
| Deferred Tax Assets | 64,693,012 | 60,663,960 |
| Investment in Subsidiaries | - | - |
| Investment in Associates | - | - |
| Investments | 97,462,196,809 | 97,189,209,444 |
| Loans | 12,591,724,386 | 12,438,272,287 |
| Reinsurance Assets | 3,946,362,919 | 2,966,448,325 |
| Current Tax Assets | 237,889,337 | 308,172,979 |
| Insurance Receivables | 1,621,178,931 | 1,485,627,410 |
| Other Assets | 747,050,022 | 704,421,554 |
| Other Financial Assets | 2,686,922,234 | 3,886,773,632 |
| Cash and Cash Equivalent | 7,376,700,426 | 2,314,678,875 |
| Total Assets | 130,240,455,817 | 124,874,631,960 |
| Equity: | ||
| Share Capital | 5,691,649,325 | 5,691,649,325 |
| Share Application Money Pending Allotment | - | - |
| Share Premium | 27,848,718 | 27,848,718 |
| Special Reserves | 1,437,884,649 | 1,420,213,017 |
| Catastrophe Reserves | 849,809,843 | 835,396,411 |
| Retained Earnings | 742,895,620 | 604,079,762 |
| Other Equity | 1,891,282,724 | 1,877,068,939 |
| Total Equity | 10,641,370,880 | 10,456,256,172 |
| Liabilities: | ||
| Provisions | 489,754,466 | 479,738,129 |
| Gross Insurance Contract Liabilities | 115,769,029,432 | 110,019,114,846 |
| Deferred Tax Liabilities | 1,069,862,971 | 1,036,178,746 |
| Insurance Payable | 424,456,313 | 438,006,751 |
| Current Tax Liabilities | - | - |
| Borrowings | 100,000,000 | 98,300,000 |
| Other Liabilities | 807,659,008 | 930,651,891 |
| Other Financial Liabilities | 938,322,746 | 1,416,385,425 |
| Total Liabilities | 119,599,084,937 | 114,418,375,788 |
| Total Equity and Liabilities | 130,240,455,817 | 124,874,631,960 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Particulars Group Current Year This Quarter Group Current Year Upto this Quarter (YTD) Group Corresponding Previous Year This Quarter Group Corresponding Previous Year Upto this Quarter (YTD)
Income:
F.Y. 2083/84 B.S.
ANCIAL POSITION
Fig in NPR.
Insurance
Unaudited Unaudited
end of this Quarter At the end of Immediate Previous Year
3,031,678 3,249,442
1,025,610,591 1,036,067,836
2,010,065,532 2,010,065,532
- -
1,812,224,670 1,812,224,670
- -
93,972,707,083 93,819,815,083
12,522,883,899 12,381,187,848
21,038,156 19,342,078
59,426,780 123,036,891
- -
51,938,370 50,302,922
2,664,893,000 3,876,036,886
6,915,835,807 1,802,787,475
121,059,655,566 116,934,116,663
5,691,649,325 5,691,649,325
- -
27,848,718 27,848,718
- -
758,554,681 745,908,412
604,989,243 489,868,696
326,709,171 315,625,386
7,409,751,138 7,270,900,537
- -
322,981,580 322,981,580
110,685,439,368 106,202,391,150
1,058,966,711 1,028,904,938
357,381,853 338,046,310
- -
- -
438,215,749 527,229,648
786,919,166 1,243,662,500
113,649,904,428 109,663,216,126
121,059,655,566 116,934,116,663
ROFIT OR LOSS
Fig in NPR.
Insurance
rrent Year Corresponding Previous Year
r Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)
NOTES:
1. Unaudited figures presented above may change after the statutory audit is completed.
2. The foreign employment polices issued by the insurance pool have not been included in the Total inforce policies count.
3. The profit of the company shall change after ther actuarial valuation as a result of the surplus obatined after the valuation, which has not been incorporated above.
4. The figures of the the previous quarters have been restated as per requirement.
5. Group Financial Statement includes National Life Insurance Company Limited (Parent company), NLG Insurance Company Ltd. (Subsidiary Company) and National Capital Limited (Subsidiary Company).
6. The fair valuation of the investment properties is done by the company on a yearly basis and hence are not reflected in the interim financial statement for the first quarter of 2083/84.
7. The accounting for leases as per NFRS 16 is done yearly and hence has not been reflected in the interim financial statements for the first quarter of 2083/84.
8. The detailed interim report has been published in the company's website www.nationallife.com.np
Disclosure as per Section 84(3) of Insurance Act, 2079
1. Solvency Ratio related disclosure:
The latest solvency ratio of the company as per the Actuarial Valuation of F.Y. 2081/82 as per Risk Based Capital & Solvency Directive 2025 is 165.5% which is greater than the mandatory limit of 130%.
2. Reinsurance related disclosure:
The company has reinsurance arrangements with the following reinsurers:
a) Hannover Rueck SE
b) Nepal Re-insurance
c) Himalayan Re-insurance
The mandatory direct cessation to domestic reinsurers of 20% to Nepal reinsurance as per the reinsurance directive 2080 has been complied with. The company has made adequate arrangements to reinsure its risk on the basis of its net worth.
3. Details regarding legal proceeding:
The company is currently in litigation with Inland Revenue Department for the Assessment of F.Y. 2072/73, 2073/74, 2074/75, 2075/76, 2076/77, 2077/78 and 2078/79 totaling Rs. 1,199,060,733.27.
4. Corporate Governance:
The company has fully complied with the corporate good governance directive 2080 issued by Nepal Insurance Authority. The company is continuously monitoring the compliance with the corporate good governance directive with the help of its comprehensive manuals and regulations. The Board of Directors, Audit Committee, Senior Management and Compliance Officer are committed to upholding corporate good governance practices in the company.
5. Regulatory limit on expenses ratio:
The management expense ratio of the company is 17.38% of the gross premium collected which is under the regulatory limit of 30%.
PUBLISHED AS PER ANNEXURE 14 OF RULE 26 OF SUB RULE (1) OF SECURITIES REGISTRATION AND ISSUE REGULATION, 2073
FIRST QUARTER OF FINANCIAL YEAR 2083/84
1. Financial Statements
Gross Earned Premiums 8,571,515,498 8,571,515,498 6,542,815,873 6,542,815,873 7,397,292,7
Premiums Ceded (1,164,842,794) (1,164,842,794) (837,624,178) (837,624,178) (201,662,4
| Net Earned Premiums | 7,406,672,704 | 7,406,672,704 | 5,705,191,696 | 5,705,191,696 | 7,195,630,2 |
| Commission Income | 170,425,243 | 170,425,243 | 110,129,406 | 110,129,406 | - |
| Other Direct Income | 29,154,616 | 29,154,616 | 38,854,836 | 38,854,836 | 29,154,6 |
| Interest Income on Loan to Policyholders | 344,924,141 | 344,924,141 | 340,332,540 | 340,332,540 | 344,924,1 |
| Income from Investments and Loans | 1,717,481,776 | 1,717,481,776 | 1,465,482,405 | 1,465,482,405 | 1,634,770,8 |
| Net Gain/(Loss) on Fair Value Changes | 32,792,605 | 32,792,605 | (12,420,368) | (12,420,368) | - |
| Net Realised Gains/(Losses) | 6,760,046 | 6,760,046 | 2,451,629 | 2,451,629 | - |
| Other Income | 50,594,634 | 50,594,634 | 58,068,385 | 58,068,385 | 2,2 |
| Total Income | 9,758,805,766 | 9,758,805,766 | 7,708,090,529 | 7,708,090,529 | 9,204,482,0 |
| Expenses: | |||||
| Gross Benefits and Claims Paid | 3,908,123,736 | 3,908,123,736 | 3,535,218,715 | 3,535,218,715 | 3,354,769,4 |
Claims Ceded (455,406,950) (455,406,950) (487,227,939) (487,227,939) (60,031,3
Gross Change in Contract Liabilities 4,909,187,534 4,909,187,534 4,590,779,713 4,590,779,713 4,348,023,5
Change in Contract Liabilities Ceded to Reinsurers (462,186,696) (462,186,696) (1,204,170,347) (1,204,170,347) (1,696,0
| Net Benefits and Claims Paid | 7,899,717,623 | 7,899,717,623 | 6,434,600,142 | 6,434,600,142 | 7,641,065,5 |
| Commission Expenses | 615,029,411 | 615,029,411 | 499,268,979 | 499,268,979 | 578,411,4 |
| Service Fees | 58,140,129 | 58,140,129 | 44,315,111 | 44,315,111 | 54,174,8 |
| Other Direct expenses | 4,684,628 | 4,684,628 | 1,592,144 | 1,592,144 | - |
| Employee Benefits Expenses | 304,375,679 | 304,375,679 | 255,056,784 | 255,056,784 | 189,770,5 |
| Depreciation and Amortization Expenses | 23,891,758 | 23,891,758 | 26,041,739 | 26,041,739 | 13,714,2 |
| Impairment Losses | - | - | - | - | - |
| Other Operating Expenses | 481,346,093 | 481,346,093 | 254,707,136 | 254,707,136 | 449,472,0 |
| Finance Cost | 2,732,619 | 2,732,619 | 3,946,270 | 3,946,270 | - |
| Total Expenses | 9,389,917,942 | 9,389,917,942 | 7,519,528,304 | 7,519,528,304 | 8,926,608,6 |
| Net Profit/(Loss) For The Year Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax | 368,887,824 | 368,887,824 | 188,562,225 | 188,562,225 | 277,873,4 |
| Share of Net Profit of Associates accounted using Equity Method | - | - | - | - | - |
| Profit Before Tax | 368,887,824 | 368,887,824 | 188,562,225 | 188,562,225 | 277,873,4 |
| Income Tax Expenses | 164,681,818 | 164,681,818 | 151,778,064 | 151,778,064 | 152,190,4 |
| Net Profit/(Loss) For The Year | 204,206,006 | 204,206,006 | 36,784,161 | 36,784,161 | 125,682,9 |
| Earning Per Share | |||||
| Basic EPS | - | 14.35 | - | 2.69 | - |
| Diluted EPS | - | 14.35 | - | 2.69 | - |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Group
Particulars Current Year (This Quarter) Current Year (Upto this Quarter YTD) Corresponding Previous Year (This Quarter) Corresponding Previous Year (Upto this Quarter YTD) Current Year Company (This Quarter)
| Net Profit/(Loss) For The Year | 204,206,006 | 204,206,006 | 36,784,161 | 36,784,161 | 125,682,967 |
| Other Comprehensive Income | 325,362,326 | 325,362,326 | (287,778,202) | (287,778,202) | 148,292,325 |
| Total Comprehensive Income | 529,568,332 | 529,568,332 | (250,994,041) | (250,994,041) | 273,975,292 |
OTHER INDICATORS
Particulars Current Year Upto this Quarter (YTD)
१. Total inforce Policy count
२. Total No. of Policies issued during the year
३. First Year Premium (Including Single Premium)
४. Single Premium
५. Renewal Premium
६. Total Benefits and Claims Paid in Count
७. Outstanding Benefits and Claims in Count
८. Gross Claim Outstanding Amount
९. Declared Bonus rate (2081/82)
१०. Interim bonus rate
११. Long Term Investments (Amount)
१२. Short Term Investments (Amount)
१३. Policyholders Loan
१४. Investment in Cost Value
१५. Life Insurance Fund (Amount) 1?
१६. Unearned Premium Reserves for Term Policies (Amount)
| १७. Solvency Margin Ratio | |||
| 711 | 7,397,292,711 | 5,720,647,681 | 5,720,647,681 |
| 67) | (201,662,467) | (191,233,353) | (191,233,353) |
| 244 | 7,195,630,244 | 5,529,414,328 | 5,529,414,328 |
| 516 | 29,154,616 | 23,067,328 | 23,067,328 |
| 141 | 344,924,141 | 340,332,540 | 340,332,540 |
| 396 | 1,634,770,896 | 1,418,607,735 | 1,418,607,735 |
| 202 | 2,202 | 3,687 | 3,687 |
| 098 | 9,204,482,098 | 7,311,425,618 | 7,311,425,618 |
| 414 | 3,354,769,414 | 2,892,914,706 | 2,892,914,706 |
| 31) | (60,031,331) | (30,512,986) | (30,512,986) |
| 525 | 4,348,023,525 | 3,196,203,712 | 3,196,203,712 |
| 78) | (1,696,078) | (3,440,410) | (3,440,410) |
| 530 | 7,641,065,530 | 6,055,165,022 | 6,055,165,022 |
| 473 | 578,411,473 | 477,193,164 | 477,193,164 |
| 377 | 54,174,877 | 41,470,607 | 41,470,607 |
| 505 | 189,770,505 | 153,277,590 | 153,277,590 |
| 211 | 13,714,211 | 13,333,994 | 13,333,994 |
| 083 | 449,472,083 | 228,749,068 | 228,749,068 |
| 580 | 8,926,608,680 | 6,969,189,445 | 6,969,189,445 |
| 118 | 277,873,418 | 342,236,173 | 342,236,173 |
| 118 | 277,873,418 | 342,236,173 | 342,236,173 |
| 450 | 152,190,450 | 201,350,512 | 201,350,512 |
| 067 | 125,682,967 | 140,885,661 | 140,885,661 |
8.83 - 10.30
8.83 - 10.30
MPREHENSIVE INCOME
Fig in NPR.
Insurance
nt Year Corresponding Previous Year
Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)
125,682,967 140,885,661 140,885,661
148,292,325 (254,369,552) (254,369,552)
273,975,292 (113,483,891) (113,483,891)
Fig in NPR.
Previous Year
(YTD) Upto this Quarter (YTD)
1,421,382 1,478,346
91,274 96,674
2,152,683,677 1,356,860,658
1,073,070,257 639,552,004
5,244,609,033 4,363,787,023
20,514 17,863
21,027 17,302
2,232,759,303 1,743,817,966
60-85 63-85
60-85 63-85
75,870,809,896 71,973,701,109
18,101,897,188 7,243,683,000
12,475,243,529 12,473,092,236
89,475,605,899 74,281,015,764
08,452,680,065 93,635,232,791
1,411,759,607 1,373,839,725
1.66 1.34
a) The Statement of Financial Position, Statement of Profit and Loss, Statement of Other Comprehensive Income and other details of first quarter of F.Y. 2083/84 have been published in this national daily.
b) Major Financial Indicators:
| Earnings per Share: Rs. | 8.83 | 130.19 |
| P/E Ratio: | 64.89 | 2,126.97 |
2. Management Analysis:
a) Company's deposits, earnings and liquidity situation in the quarter: Satisfactory
b) Analytical Details regarding the business plan of the management for the next period:
The company has planned to increase its market share by increasing its penetration in new geographical markets and bringing in new policies that are relevant to the market. The company has also planned to increase its agency network to increase its market share.
c) Any incidents and situations etc. from the past that might affect the deposits, profits and cash flow of the company: No.
3. Details of Legal Proceedings:
The company is currently in litigation with the Inland Revenue Department for the Assessment of F.Y. 2072/73, 2073/74, 2074/75, 2075/76, 2076/77, 2077/78 and 2078/79 totaling Rs. 1,199,060,733.27
4. Analysis of Share Transaction of the company:
a) Opinion of the management regarding the share transactions of the company in the securities market: Satisfactory
b) Details of the Maximum, Minimum, Last price, Total transaction days and Transaction volume of the company in the quarter:
Maximum Price: 612 Minimum Price: 538.4 Last Price: 573
Transaction Volume: 3,220 Transaction Days: 61
5. Problems and Challenges:
The strategy of the management for solving the company's internal and external problems and challenges: At present the lack of adequate skilled human resources, lack of long-term investment opportunities, increasing competition in the market have been the main challenges for the company. The company has prepared proper business plans and strategies to grow the company's business.
6. Corporate Good Governance:
Details of the actions taken by the management for enhancing the Corporate Good Governance: The company has fully complied with the corporate good governance directive 2080 issued by Nepal Insurance Authority. The company is continuously monitoring the compliance with the corporate good governance directive with the help of its comprehensive manuals and regulations. The Board of Directors, Audit Committee, Senior Management and Compliance Officer are committed to upholding Corporate good governance practices in the company.
7. Self-Declaration of Chief Executive Officer about the truthfulness of financials/information:
I, CEO of the company, take responsibility on the truthfulness of the information and particulars disclosed in this report to the best of my knowledge. Further, I declare that the particulars mentioned in the report, to the best of my knowledge, are true, fair and complete except as mentioned in the notes at the time of publication of this report and have not knowingly concealed any material particulars information for the investor to take informed decisions.
Quarterly Financial Results for First Quarter
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
| Particulars Group | Unaudited At the end of this Quarter Group | Unaudited At the end of Immediate Previous Year |
|---|---|---|
| Assets: | ||
| Goodwill & Intangible Assets | 330,398,741 | 330,804,749 |
| Property and Equipment | 1,165,273,468 | 1,179,493,213 |
| Investment Properties | 2,010,065,532 | 2,010,065,532 |
| Deferred Tax Assets | 64,693,012 | 60,663,960 |
| Investment in Subsidiaries | - | - |
| Investment in Associates | - | - |
| Investments | 97,462,196,809 | 97,189,209,444 |
| Loans | 12,591,724,386 | 12,438,272,287 |
| Reinsurance Assets | 3,946,362,919 | 2,966,448,325 |
| Current Tax Assets | 237,889,337 | 308,172,979 |
| Insurance Receivables | 1,621,178,931 | 1,485,627,410 |
| Other Assets | 747,050,022 | 704,421,554 |
| Other Financial Assets | 2,686,922,234 | 3,886,773,632 |
| Cash and Cash Equivalent | 7,376,700,426 | 2,314,678,875 |
| Total Assets | 130,240,455,817 | 124,874,631,960 |
| Equity: | ||
| Share Capital | 5,691,649,325 | 5,691,649,325 |
| Share Application Money Pending Allotment | - | - |
| Share Premium | 27,848,718 | 27,848,718 |
| Special Reserves | 1,437,884,649 | 1,420,213,017 |
| Catastrophe Reserves | 849,809,843 | 835,396,411 |
| Retained Earnings | 742,895,620 | 604,079,762 |
| Other Equity | 1,891,282,724 | 1,877,068,939 |
| Total Equity | 10,641,370,880 | 10,456,256,172 |
| Liabilities: | ||
| Provisions | 489,754,466 | 479,738,129 |
| Gross Insurance Contract Liabilities | 115,769,029,432 | 110,019,114,846 |
| Deferred Tax Liabilities | 1,069,862,971 | 1,036,178,746 |
| Insurance Payable | 424,456,313 | 438,006,751 |
| Current Tax Liabilities | - | - |
| Borrowings | 100,000,000 | 98,300,000 |
| Other Liabilities | 807,659,008 | 930,651,891 |
| Other Financial Liabilities | 938,322,746 | 1,416,385,425 |
| Total Liabilities | 119,599,084,937 | 114,418,375,788 |
| Total Equity and Liabilities | 130,240,455,817 | 124,874,631,960 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Particulars Group Current Year This Quarter Group Current Year Upto this Quarter (YTD) Group Corresponding Previous Year This Quarter Group Corresponding Previous Year Upto this Quarter (YTD)
Income:
F.Y. 2083/84 B.S.
ANCIAL POSITION
Fig in NPR.
Insurance
Unaudited Unaudited
end of this Quarter At the end of Immediate Previous Year
3,031,678 3,249,442
1,025,610,591 1,036,067,836
2,010,065,532 2,010,065,532
- -
1,812,224,670 1,812,224,670
- -
93,972,707,083 93,819,815,083
12,522,883,899 12,381,187,848
21,038,156 19,342,078
59,426,780 123,036,891
- -
51,938,370 50,302,922
2,664,893,000 3,876,036,886
6,915,835,807 1,802,787,475
121,059,655,566 116,934,116,663
5,691,649,325 5,691,649,325
- -
27,848,718 27,848,718
- -
758,554,681 745,908,412
604,989,243 489,868,696
326,709,171 315,625,386
7,409,751,138 7,270,900,537
- -
322,981,580 322,981,580
110,685,439,368 106,202,391,150
1,058,966,711 1,028,904,938
357,381,853 338,046,310
- -
- -
438,215,749 527,229,648
786,919,166 1,243,662,500
113,649,904,428 109,663,216,126
121,059,655,566 116,934,116,663
ROFIT OR LOSS
Fig in NPR.
Insurance
rrent Year Corresponding Previous Year
r Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)
NOTES:
1. Unaudited figures presented above may change after the statutory audit is completed.
2. The foreign employment polices issued by the insurance pool have not been included in the Total inforce policies count.
3. The profit of the company shall change after ther actuarial valuation as a result of the surplus obatined after the valuation, which has not been incorporated above.
4. The figures of the the previous quarters have been restated as per requirement.
5. Group Financial Statement includes National Life Insurance Company Limited (Parent company), NLG Insurance Company Ltd. (Subsidiary Company) and National Capital Limited (Subsidiary Company).
6. The fair valuation of the investment properties is done by the company on a yearly basis and hence are not reflected in the interim financial statement for the first quarter of 2083/84.
7. The accounting for leases as per NFRS 16 is done yearly and hence has not been reflected in the interim financial statements for the first quarter of 2083/84.
8. The detailed interim report has been published in the company's website www.nationallife.com.np
Disclosure as per Section 84(3) of Insurance Act, 2079
1. Solvency Ratio related disclosure:
The latest solvency ratio of the company as per the Actuarial Valuation of F.Y. 2081/82 as per Risk Based Capital & Solvency Directive 2025 is 165.5% which is greater than the mandatory limit of 130%.
2. Reinsurance related disclosure:
The company has reinsurance arrangements with the following reinsurers:
a) Hannover Rueck SE
b) Nepal Re-insurance
c) Himalayan Re-insurance
The mandatory direct cessation to domestic reinsurers of 20% to Nepal reinsurance as per the reinsurance directive 2080 has been complied with. The company has made adequate arrangements to reinsure its risk on the basis of its net worth.
3. Details regarding legal proceeding:
The company is currently in litigation with Inland Revenue Department for the Assessment of F.Y. 2072/73, 2073/74, 2074/75, 2075/76, 2076/77, 2077/78 and 2078/79 totaling Rs. 1,199,060,733.27.
4. Corporate Governance:
The company has fully complied with the corporate good governance directive 2080 issued by Nepal Insurance Authority. The company is continuously monitoring the compliance with the corporate good governance directive with the help of its comprehensive manuals and regulations. The Board of Directors, Audit Committee, Senior Management and Compliance Officer are committed to upholding corporate good governance practices in the company.
5. Regulatory limit on expenses ratio:
The management expense ratio of the company is 17.38% of the gross premium collected which is under the regulatory limit of 30%.
PUBLISHED AS PER ANNEXURE 14 OF RULE 26 OF SUB RULE (1) OF SECURITIES REGISTRATION AND ISSUE REGULATION, 2073
FIRST QUARTER OF FINANCIAL YEAR 2083/84
1. Financial Statements
Gross Earned Premiums 8,571,515,498 8,571,515,498 6,542,815,873 6,542,815,873 7,397,292,7
Premiums Ceded (1,164,842,794) (1,164,842,794) (837,624,178) (837,624,178) (201,662,4
| Net Earned Premiums | 7,406,672,704 | 7,406,672,704 | 5,705,191,696 | 5,705,191,696 | 7,195,630,2 |
| Commission Income | 170,425,243 | 170,425,243 | 110,129,406 | 110,129,406 | - |
| Other Direct Income | 29,154,616 | 29,154,616 | 38,854,836 | 38,854,836 | 29,154,6 |
| Interest Income on Loan to Policyholders | 344,924,141 | 344,924,141 | 340,332,540 | 340,332,540 | 344,924,1 |
| Income from Investments and Loans | 1,717,481,776 | 1,717,481,776 | 1,465,482,405 | 1,465,482,405 | 1,634,770,8 |
| Net Gain/(Loss) on Fair Value Changes | 32,792,605 | 32,792,605 | (12,420,368) | (12,420,368) | - |
| Net Realised Gains/(Losses) | 6,760,046 | 6,760,046 | 2,451,629 | 2,451,629 | - |
| Other Income | 50,594,634 | 50,594,634 | 58,068,385 | 58,068,385 | 2,2 |
| Total Income | 9,758,805,766 | 9,758,805,766 | 7,708,090,529 | 7,708,090,529 | 9,204,482,0 |
| Expenses: | |||||
| Gross Benefits and Claims Paid | 3,908,123,736 | 3,908,123,736 | 3,535,218,715 | 3,535,218,715 | 3,354,769,4 |
Claims Ceded (455,406,950) (455,406,950) (487,227,939) (487,227,939) (60,031,3
Gross Change in Contract Liabilities 4,909,187,534 4,909,187,534 4,590,779,713 4,590,779,713 4,348,023,5
Change in Contract Liabilities Ceded to Reinsurers (462,186,696) (462,186,696) (1,204,170,347) (1,204,170,347) (1,696,0
| Net Benefits and Claims Paid | 7,899,717,623 | 7,899,717,623 | 6,434,600,142 | 6,434,600,142 | 7,641,065,5 |
| Commission Expenses | 615,029,411 | 615,029,411 | 499,268,979 | 499,268,979 | 578,411,4 |
| Service Fees | 58,140,129 | 58,140,129 | 44,315,111 | 44,315,111 | 54,174,8 |
| Other Direct expenses | 4,684,628 | 4,684,628 | 1,592,144 | 1,592,144 | - |
| Employee Benefits Expenses | 304,375,679 | 304,375,679 | 255,056,784 | 255,056,784 | 189,770,5 |
| Depreciation and Amortization Expenses | 23,891,758 | 23,891,758 | 26,041,739 | 26,041,739 | 13,714,2 |
| Impairment Losses | - | - | - | - | - |
| Other Operating Expenses | 481,346,093 | 481,346,093 | 254,707,136 | 254,707,136 | 449,472,0 |
| Finance Cost | 2,732,619 | 2,732,619 | 3,946,270 | 3,946,270 | - |
| Total Expenses | 9,389,917,942 | 9,389,917,942 | 7,519,528,304 | 7,519,528,304 | 8,926,608,6 |
| Net Profit/(Loss) For The Year Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax | 368,887,824 | 368,887,824 | 188,562,225 | 188,562,225 | 277,873,4 |
| Share of Net Profit of Associates accounted using Equity Method | - | - | - | - | - |
| Profit Before Tax | 368,887,824 | 368,887,824 | 188,562,225 | 188,562,225 | 277,873,4 |
| Income Tax Expenses | 164,681,818 | 164,681,818 | 151,778,064 | 151,778,064 | 152,190,4 |
| Net Profit/(Loss) For The Year | 204,206,006 | 204,206,006 | 36,784,161 | 36,784,161 | 125,682,9 |
| Earning Per Share | |||||
| Basic EPS | - | 14.35 | - | 2.69 | - |
| Diluted EPS | - | 14.35 | - | 2.69 | - |
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Group
Particulars Current Year (This Quarter) Current Year (Upto this Quarter YTD) Corresponding Previous Year (This Quarter) Corresponding Previous Year (Upto this Quarter YTD) Current Year Company (This Quarter)
| Net Profit/(Loss) For The Year | 204,206,006 | 204,206,006 | 36,784,161 | 36,784,161 | 125,682,967 |
| Other Comprehensive Income | 325,362,326 | 325,362,326 | (287,778,202) | (287,778,202) | 148,292,325 |
| Total Comprehensive Income | 529,568,332 | 529,568,332 | (250,994,041) | (250,994,041) | 273,975,292 |
OTHER INDICATORS
Particulars Current Year Upto this Quarter (YTD)
- Total inforce Policy count
- Total No. of Policies issued during the year
- First Year Premium (Including Single Premium)
- Single Premium
- Renewal Premium
- Total Benefits and Claims Paid in Count
- Outstanding Benefits and Claims in Count
- Gross Claim Outstanding Amount
- Declared Bonus rate (2081/82)
- Interim bonus rate
- Long Term Investments (Amount)
- Short Term Investments (Amount)
- Policyholders Loan
- Investment in Cost Value
- Life Insurance Fund (Amount) 1?
- Unearned Premium Reserves for Term Policies (Amount)
- Solvency Margin Ratio
| 711 | 7,397,292,711 | 5,720,647,681 | 5,720,647,681 |
| 67) | (201,662,467) | (191,233,353) | (191,233,353) |
| 244 | 7,195,630,244 | 5,529,414,328 | 5,529,414,328 |
| 516 | 29,154,616 | 23,067,328 | 23,067,328 |
| 141 | 344,924,141 | 340,332,540 | 340,332,540 |
| 396 | 1,634,770,896 | 1,418,607,735 | 1,418,607,735 |
| 202 | 2,202 | 3,687 | 3,687 |
| 098 | 9,204,482,098 | 7,311,425,618 | 7,311,425,618 |
| 414 | 3,354,769,414 | 2,892,914,706 | 2,892,914,706 |
| 31) | (60,031,331) | (30,512,986) | (30,512,986) |
| 525 | 4,348,023,525 | 3,196,203,712 | 3,196,203,712 |
| 78) | (1,696,078) | (3,440,410) | (3,440,410) |
| 530 | 7,641,065,530 | 6,055,165,022 | 6,055,165,022 |
| 473 | 578,411,473 | 477,193,164 | 477,193,164 |
| 377 | 54,174,877 | 41,470,607 | 41,470,607 |
| 505 | 189,770,505 | 153,277,590 | 153,277,590 |
| 211 | 13,714,211 | 13,333,994 | 13,333,994 |
| 083 | 449,472,083 | 228,749,068 | 228,749,068 |
| 580 | 8,926,608,680 | 6,969,189,445 | 6,969,189,445 |
| 118 | 277,873,418 | 342,236,173 | 342,236,173 |
| 118 | 277,873,418 | 342,236,173 | 342,236,173 |
| 450 | 152,190,450 | 201,350,512 | 201,350,512 |
| 067 | 125,682,967 | 140,885,661 | 140,885,661 |
8.83 - 10.30
8.83 - 10.30
MPREHENSIVE INCOME
Fig in NPR.
Insurance
nt Year Corresponding Previous Year
Upto this Quarter (YTD) This Quarter Upto this Quarter (YTD)
125,682,967 140,885,661 140,885,661
148,292,325 (254,369,552) (254,369,552)
273,975,292 (113,483,891) (113,483,891)
Fig in NPR.
Previous Year
(YTD) Upto this Quarter (YTD)
1,421,382 1,478,346
91,274 96,674
2,152,683,677 1,356,860,658
1,073,070,257 639,552,004
5,244,609,033 4,363,787,023
20,514 17,863
21,027 17,302
2,232,759,303 1,743,817,966
60-85 63-85
60-85 63-85
75,870,809,896 71,973,701,109
18,101,897,188 7,243,683,000
12,475,243,529 12,473,092,236
89,475,605,899 74,281,015,764
08,452,680,065 93,635,232,791
1,411,759,607 1,373,839,725
1.66 1.34
a) The Statement of Financial Position, Statement of Profit and Loss, Statement of Other Comprehensive Income and other details of first quarter of F.Y. 2083/84 have been published in this national daily.
b) Major Financial Indicators:
| Earnings per Share: Rs. | 8.83 | 130.19 |
| P/E Ratio: | 64.89 | 2,126.97 |
2. Management Analysis:
a) Company's deposits, earnings and liquidity situation in the quarter: Satisfactory
b) Analytical Details regarding the business plan of the management for the next period:
The company has planned to increase its market share by increasing its penetration in new geographical markets and bringing in new policies that are relevant to the market. The company has also planned to increase its agency network to increase its market share.
c) Any incidents and situations etc. from the past that might affect the deposits, profits and cash flow of the company: No.
3. Details of Legal Proceedings:
The company is currently in litigation with the Inland Revenue Department for the Assessment of F.Y. 2072/73, 2073/74, 2074/75, 2075/76, 2076/77, 2077/78 and 2078/79 totaling Rs. 1,199,060,733.27
4. Analysis of Share Transaction of the company:
a) Opinion of the management regarding the share transactions of the company in the securities market: Satisfactory
b) Details of the Maximum, Minimum, Last price, Total transaction days and Transaction volume of the company in the quarter:
Maximum Price: 612 Minimum Price: 538.4 Last Price: 573
Transaction Volume: 3,220 Transaction Days: 61
5. Problems and Challenges:
The strategy of the management for solving the company's internal and external problems and challenges: At present the lack of adequate skilled human resources, lack of long-term investment opportunities, increasing competition in the market have been the main challenges for the company. The company has prepared proper business plans and strategies to grow the company's business.
6. Corporate Good Governance:
Details of the actions taken by the management for enhancing the Corporate Good Governance: The company has fully complied with the corporate good governance directive 2080 issued by Nepal Insurance Authority. The company is continuously monitoring the compliance with the corporate good governance directive with the help of its comprehensive manuals and regulations. The Board of Directors, Audit Committee, Senior Management and Compliance Officer are committed to upholding Corporate good governance practices in the company.
7. Self-Declaration of Chief Executive Officer about the truthfulness of financials/information:
I, CEO of the company, take responsibility on the truthfulness of the information and particulars disclosed in this report to the best of my knowledge. Further, I declare that the particulars mentioned in the report, to the best of my knowledge, are true, fair and complete except as mentioned in the notes at the time of publication of this report and have not knowingly concealed any material particulars information for the investor to take informed decisions.