Advertisement
सबै सूचनाहरूAll announcements
आधिकारिक सूचनाOfficial AnnouncementFinancial Analysis
15 Nov, 2026
सन नेपाल लाइफ इन्स्योरेन्सको प्रथम त्रैमासिक वित्तीय विवरण प्रकाशित

सन नेपाल लाइफ इन्स्योरेन्सको प्रथम त्रैमासिक वित्तीय विवरण प्रकाशितSun Nepal Life Insurance Q1 Financial Results FY 2083/84

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on November 16, 2026

सन नेपाल लाइफ इन्स्योरेन्स कम्पनी लि.

SUN NEPAL LIFE INSURANCE COMPANY LTD.

Quarterly Financial Results for First Quarter, FY. 2083/84 B.S

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Fig in NPR.

Particulars Group Unaudited At the end of this Quarter Group Unaudited At the end of Immediate Previous Year Insurance Unaudited At the end of this Quarter Insurance Unaudited At the end of Immediate Previous Year

Assets:
Goodwill & Intangible Assets17,958,04220,348,71217,609,82819,923,152
Property and Equipment144,464,426160,358,714134,140,200149,273,642
Investment Properties----
Deferred Tax Assets328,671,304330,960,972318,792,983320,069,706
Investment in Subsidiaries--1,098,450,0001,098,450,000
Investment in Associates----
Investments19,345,201,50217,040,518,92918,275,692,34915,988,676,443
Loans840,988,484808,330,906840,988,484808,330,906
Reinsurance Assets13,499,8914,958,88513,499,8914,958,885
Current Tax Assets450,115,669424,863,071445,663,916420,703,409
Insurance Receivables-32,798,838-32,798,838
Other Assets7,650,91611,680,4427,301,78811,393,800
Other Financial Assets168,207,746282,891,980165,324,272269,752,357
Cash and Cash Equivalent474,670,0121,859,541,036394,045,2521,783,200,298
Total Assets21,791,427,99220,977,252,48521,711,508,96320,907,531,437
Equity:
Share Capital5,282,793,6005,282,793,6005,282,793,6005,282,793,600
Share Application Money Pending Allotment----
Share Premium1,301,094,3601,301,094,3601,301,094,3601,301,094,360
Catastrophe Reserves287,214,070240,881,510287,214,070240,881,510
Retained Earnings810,848,044392,538,493777,167,685368,423,977
Other Equity395,765,340397,861,963350,644,652354,642,862
Total Equity8,077,715,4147,615,169,9267,998,914,3677,547,836,309
Liabilities:
Provisions11,814,19423,793,47111,223,12323,202,400
Gross Insurance Contract Liabilities13,370,033,73912,930,789,16913,370,033,73912,930,789,169
Deferred Tax Liabilities----
Insurance Payable38,208,759-38,208,759-
Current Tax Liabilities----
Borrowings----
Other Liabilities92,870,924120,783,08392,715,182120,337,297
Other Financial Liabilities200,784,962286,716,836200,413,793285,366,262
Total Liabilities13,713,712,57813,362,082,55913,712,594,59613,359,695,127
Total Equity and Liabilities21,791,427,99220,977,252,48521,711,508,96320,907,531,437

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Fig in NPR.

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) Insurance Current Year This Quarter Insurance Current Year Upto This Quarter (YTD) Insurance Corresponding Previous Year This Quarter Insurance Corresponding Previous Year Upto This Quarter (YTD)

Income:
Gross Earned Premiums1,298,679,3361,298,679,3361,083,486,9761,083,486,9761,298,679,3361,298,679,3361,083,486,9761,083,486,976
Premiums Ceded52,197,87052,197,87041,990,78441,990,78452,197,87052,197,87041,990,78441,990,784
Net Earned Premiums1,246,481,4651,246,481,4651,041,496,1921,041,496,1921,246,481,4651,246,481,4651,041,496,1921,041,496,192
Commission Income--------
Other Direct Income6,421,5856,421,5855,530,0585,530,0586,421,5856,421,5855,530,0585,530,058
Interest Income on Loan to Policyholders11,986,36811,986,3682,725,9862,725,98611,986,36811,986,3682,725,9862,725,986
Income From Investments and Loans306,286,001306,286,001235,095,247235,095,247305,577,398305,577,398252,420,761252,420,761
Net Gain/(Loss) on Fair Value Changes67,695,76667,695,766(315,191,196)(315,191,196)61,254,09161,254,091(276,796,580)(276,796,580)
Net Realised Gains/(Losses)277,592277,592(172,369)(172,369)277,592277,592(2,883,759)(2,883,759)
Other Income181,902181,90242,54842,548----
Total Income1,639,330,6791,639,330,679969,526,465969,526,4651,631,998,4991,631,998,4991,022,492,6581,022,492,658
Expenses:
Gross Benefits and Claims Paid344,631,420344,631,420359,004,996359,004,996344,631,420344,631,420359,004,996359,004,996
Claims Ceded23,955,87423,955,87436,921,93236,921,93223,955,87423,955,87436,921,93236,921,932
Gross Change in Contract Liabilities762,230,698762,230,698271,044,099271,044,099762,230,698762,230,698271,044,099271,044,099
Change in Contract Liabilities Ceded to Reinsurers8,541,0068,541,0064,554,4004,554,4008,541,0068,541,0064,554,4004,554,400
Net Benefits and Claims Paid1,074,365,2381,074,365,238588,572,764588,572,7641,074,365,2381,074,365,238588,572,764588,572,764
Commission Expenses113,486,628113,486,62891,331,01791,331,017113,486,628113,486,62891,331,01791,331,017
Service Fees9,348,6099,348,6097,811,2227,811,2229,348,6099,348,6097,811,2227,811,222
Other Direct Expenses1,014,9351,014,9351,269,5521,269,5521,014,9351,014,9351,269,5521,269,552
Employee Benefits Expenses124,339,409124,339,409112,565,973112,565,973122,071,015122,071,015110,150,807110,150,807
Depreciation and Amortization Expenses10,196,19810,196,19810,552,09510,552,0959,358,0079,358,0079,712,5919,712,591
Impairment Losses--------
Other Operating Expenses56,973,74956,973,74943,972,39443,972,39453,974,57353,974,57340,878,50040,878,500
Finance Cost1,327,2641,327,264530,347530,3471,327,2641,327,264530,347530,347
Total Expenses1,391,052,0291,391,052,029856,605,364856,605,3641,384,946,2691,384,946,269850,256,800850,256,800
Net Profit/(Loss) For The Period Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax248,278,650248,278,650112,921,102112,921,102247,052,230247,052,230172,235,859172,235,859
Share of Net Profit of Associates accounted using Equity Method--------
Profit Before Tax248,278,650248,278,650112,921,102112,921,102247,052,230247,052,230172,235,859172,235,859
Income Tax Expenses3,888,4113,888,411(79,054,046)(79,054,046)2,128,2342,128,234(67,041,760)(67,041,760)
Net Profit/(Loss) For The Period244,390,239244,390,239191,975,148191,975,148244,923,996244,923,996239,277,619239,277,619
Earning Per Share
Basic EPS18.50-15.20-18.55-18.95-
Diluted EPS18.50-15.20-18.55-18.95-

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME

Fig in NPR.

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) Insurance Current Year This Quarter Insurance Current Year Upto This Quarter (YTD) Insurance Corresponding Previous Year This Quarter Insurance Corresponding Previous Year Upto This Quarter (YTD)

Net Profit/(Loss) For The Year244,390,239244,390,239191,975,148191,975,148244,923,996244,923,996239,277,619239,277,619
Other Comprehensive Income(10,848,249)(10,848,249)183,275,087183,275,087(10,848,249)(10,848,249)183,275,087183,275,087
Total Comprehensive Income233,541,991233,541,991375,250,235375,250,235234,075,748234,075,748422,552,706422,552,706
OTHER INDICATORS
Particulars Current Year Upto This Quarter (YTD) Previous Year Upto This Quarter (YTD)
1. Total Enforce policy count838,334.001,454,567.00
2. Total number of policies issued during the period108,834.00377,875.00
3. First Year Premium (inlcuding single premium)434,576,107.931,837,000,116.14
4. Single Premium227,509,071.84994,156,299.23
5. Renewal Premium864,103,228.003,259,198,244.00
6. Total Benefits and Claims Paid in Count4,653.002,149.00
7. Outstanding Benefits and Claims in Count46.00452.00
8. Gross Claim Outstanding (Amount)52,226,353.0027,121,223.23

9.Declared Bonsu Rate (FY 2080/81) Nrs. 25 to Nrs.80 Nrs. 25 to Nrs.80

10. Interim Bonus Rate Nrs. 25 to Nrs.80 Nrs. 25 to Nrs.80

11. Long Term Investments (Amount)16,091,318,306.1113,499,842,786.46
12. Short Term Investments (Amount)3,282,824,043.003,665,000,000.00
13. Policyholder Loans804,981,656.70770,986,929.70
14. Investment in Cost Value19,405,068,933.3417,164,842,786.46
15. Life Insurance Fund (Amount)13,317,807,385.9612,903,667,945.74
16. Unearned Premium Reserve for term policies (Amount)440,740,323.55433,280,520.34
17. Solvency Margin Ratio (FY 2081/82)243.80243.80

Disclosure as per Section 84(3) of Insurance Act, 2079

1. Solvency Ratio related disclosures: latest solvency ratio of the company

The solvency ratio of the company as per the audited Financial Statements of Fiscal Year 2081/82 was 243.8.

2. Reinsurance related disclosures: comment on the reinsurance arrangement and its adequacy

The Company has adequately reinsured all its businesses with Nepal Reinsurance Company Limited and Himalayan Reinsurance Company Limited according to Reinsurance Directive for Life Insurer of Nepal Insurance Authority.

Based on the company's year of operation and business volume, the company has adequately been reinsured.

3. Details regarding legal proceeding: legal proceeding by or against the insurer

No such case pending by or against the insurer.

4. Corporate Governance: compliance with the Corporate Governance Directives

The company has complied with the corporate governance directives 2079 of Nepal Insurance Authority.

5. Any other disclosure as deemed relevant

N/A.

(धितोपत्र दर्ता तथा निष्काशन नियमावली, २०७३ को नियम २६ उपनियम (१) सँग सम्बन्धित)

अनुसूची २४

१. वित्तीय विवरण

क) त्रैमासिक अवधिको वासलात तथा नाफा नोक्सान सम्बन्धी विवरण

आ.व. २०८३/८४ को प्रथम त्रैमासिक अवधिको वासलात तथा नाफा नोक्सान हिसाब यसैसाथ प्रकाशित गरिएको छ। साथै कम्पनीको वेवसाइटमा समेत उक्त विवरण राखिएको छ।

ख) प्रमुख वित्तीय अनुपातहरू

प्रति शेयर आम्दानी : १८.५५

प्रति शेयर नेटवर्थ : १५१.४४

पि.ई अनुपात : २२.४७

प्रति शेयर कुल सम्पत्तिको मूल्य : ४१०.९९

तरलता सम्बन्धी विवरण : कम्पनीको हालको सम्पत्ति तथा दायित्वको अवस्था हेर्दा कम्पनीको तरलताको अवस्था सन्तोषजनक रहेको देखिन्छ। बीमाङ्कीय मूल्याङ्कन पश्चात प्राप्त हुने मुनाफा समायोजन पश्चात् वित्तीय अनुपातहरू फरक पर्न सक्दछ।

२. व्यवस्थापकीय विश्लेषण

क. कम्पनीको मौज्दात, आम्दानी र तरलतामा भएका परिवर्तनहरू

यस अवधिमा कम्पनीको आम्दानी तथा तरलताको अवस्था सन्तोषजनक रहेको छ।

ख. आगामी अवधिको व्यावसायिक योजनामा व्यवस्थापनको विश्लेषणात्मक विवरण

यस आ.व.को प्रथम त्रैमासिक सम्ममा कम्पनीले रु.१ अर्ब २९ करोड ६७ लाख बीमा शुल्क आर्जन गर्न सफल भएको छ। यस त्रैमासिकको अन्त्यसम्ममा कम्पनीको जीवन बीमाकोष रु. १३ अर्ब ३१ करोड पुगेको छ।

कम्पनीले आगामी त्रैमासिकमा पनि कम्पनीको यस त्रैमासको व्यावसायिक उपलब्धिमा अझ सुधार गर्दै लान कम्पनीको यस आ.व.को व्यावसायिक लक्ष्य अनि व्यावसायिक प्रक्षेपण अनुसार नै कम्पनीले आफ्नो कारोवार गर्ने तथा वित्तीय सूचकहरु हासिल गर्नेमा विश्वस्त रहेको छ। कम्पनीले देशव्यापी सेवा विस्तार हेतु बीमा सचेतना अभिवृद्धि तथा अभिकर्ता अभिमुखीकरणमा विशेष जोड दिनुका साथै प्रविधि मैत्री बीमा विस्तारमा योजनानुसार अग्रसर भई लागिपरेका छौं।

३. कानुनी कारबाही सम्बन्धी विवरण

कम्पनीको यस आ.व. को प्रथम त्रैमासिक सम्ममा कुनै पनि कानुनी कार बाही भएको अवस्था छ ।

४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण

यस कम्पनी मिति २०८०/०६/०२ मा नेपाल स्टक एक्सचेन्जमा सूचिकृत भएको र २०८०/०६/०४ गते बाट शेयर कारोबार सुरु भई २०८३ साल ०१ देखि २०८३ असोज मसान्त सम्म ९३ दिनमा निम्नानुसार कारोबार भएको छ।

अधिकतम मूल्य : रु ४४५ न्यूनतम मूल्य : रु ३०९.८

अन्तिम मूल्य : रु ४३६ कारोबार संख्या : १३,९४८

कारोबार दिन : ९३ कारोबार शेयर संख्या : ९९५,८०६

५. समस्या तथा चुनौती

विद्यमान आर्थिक मन्दीको कारण आर्थिक गतिविधिहरु धिमागतिमा सुस्तता र त्यसको कारणले बीमा व्यवसायमा देखिएको नकारात्मक प्रभावलाई न्यूनिकरण गर्नु नै आजको प्रमुख चुनौतीको रुपमा रहेको छ। यस परि स्थितिमा मुलुकको अर्थतन्त्रमा कायम नकारात्मक प्रभावबाट बीमा क्षेत्रमा पर्ने असरको साथै गुणस्तरीय बीमा व्यवसाय अभिवृद्धिका लागि दक्ष जनशक्तिको अभाव, बढ्दो महँगी तरलता संकुचन, सुरक्षित, आकर्षक र दीर्घकालिन लगानीको अवसरको कमी तथा जीवन बीमाको बारेमा जनचेतनाको कमीको साथै, जीवन बीमा कम्पनीहरु बीचको अस्वस्थ प्रतिस्पर्धा आजका प्रमुख समस्या र चुनौतीहरु हुन्।

बीमा व्यवसाय बृद्धिको लागी बीमाको पहुँच देशव्यापी रुपमा विस्तार गर्दै बीमाबारे जनचेतना जगाउने तथा नेपाल बीमा प्राधिकरणबाट जारी निर्देशिकाको परिधि भित्र रही उपलब्ध लगानीको जोखिम समेतलाई ध्यानमा राखी उच्च प्रतिफल प्रदान गर्ने मजबुत बैंक तथा वित्तीय संस्थामा लगानी गर्ने रणनीति अवलम्बन गरिएको छ।

कम्पनीले पूर्वाधार, जलश्रोत तथा पर्यटनको क्षेत्रमा लगानी गर्दै लगानीलाई विविधिकरण गर्ने नीति लिएको छ। लगानी विविधिकरणको उद्देश्यले बैंकिङ्ग क्षेत्रमा समेत सहभागिता जनाउने सा Principle Bank Limited ko Promoter Share, Hydropower Shares, Infrastructure Development Shares, Manufacturing sector shares haru ma bises yogdan cha.

६. संस्थागत सुशासन

कम्पनीका कुशल र चुस्त व्यवस्थापनको कारण कम्पनीको संस्थागत सुशासनलाई प्रभावकारी रहेको छ। कम्पनीको आन्तरिक नियन्त्रण प्रणाली सुदृढ रख्नका साथै नियमक निकायवाट जारी भएका नीति निर्देशन तथा विद्यमान नियम कानूनको पूर्ण पालना गरिएको छ। साथै कम्पनीले नेपाल बीमा प्राधिकरणबाट जारी बीमाकको संस्थागत सुशासन सम्बन्धी निर्देशिकाले तय गरे बमोजिम कम्पनीको संचालक स्तरीय समिति गठन गरी कम्पनीको क्रियाकलापलाई नियमित अनुगमन तथा मार्ग निर्देश गरी व्यवस्थित गर्ने गरेको छ।

७. सत्य, तथ्यता सम्बन्धमा अध्यक्ष/कार्यकारी प्रमुखको उद्घोषण

आजका मिति सम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु। साथै म यो उद्घोष गर्दछु कि मैले जाने बुझे सम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् र शेयरधनीहरुलाई सुसूचित हुन तथा निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन।

SUN NEPAL LIFE INSURANCE COMPANY LTD.

SUN NEPAL LIFE INSURANCE COMPANY LTD.

Quarterly Financial Results for First Quarter, FY. 2083/84 B.S

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Fig in NPR.

Particulars Group Unaudited At the end of this Quarter Group Unaudited At the end of Immediate Previous Year Insurance Unaudited At the end of this Quarter Insurance Unaudited At the end of Immediate Previous Year

Assets:
Goodwill & Intangible Assets17,958,04220,348,71217,609,82819,923,152
Property and Equipment144,464,426160,358,714134,140,200149,273,642
Investment Properties----
Deferred Tax Assets328,671,304330,960,972318,792,983320,069,706
Investment in Subsidiaries--1,098,450,0001,098,450,000
Investment in Associates----
Investments19,345,201,50217,040,518,92918,275,692,34915,988,676,443
Loans840,988,484808,330,906840,988,484808,330,906
Reinsurance Assets13,499,8914,958,88513,499,8914,958,885
Current Tax Assets450,115,669424,863,071445,663,916420,703,409
Insurance Receivables-32,798,838-32,798,838
Other Assets7,650,91611,680,4427,301,78811,393,800
Other Financial Assets168,207,746282,891,980165,324,272269,752,357
Cash and Cash Equivalent474,670,0121,859,541,036394,045,2521,783,200,298
Total Assets21,791,427,99220,977,252,48521,711,508,96320,907,531,437
Equity:
Share Capital5,282,793,6005,282,793,6005,282,793,6005,282,793,600
Share Application Money Pending Allotment----
Share Premium1,301,094,3601,301,094,3601,301,094,3601,301,094,360
Catastrophe Reserves287,214,070240,881,510287,214,070240,881,510
Retained Earnings810,848,044392,538,493777,167,685368,423,977
Other Equity395,765,340397,861,963350,644,652354,642,862
Total Equity8,077,715,4147,615,169,9267,998,914,3677,547,836,309
Liabilities:
Provisions11,814,19423,793,47111,223,12323,202,400
Gross Insurance Contract Liabilities13,370,033,73912,930,789,16913,370,033,73912,930,789,169
Deferred Tax Liabilities----
Insurance Payable38,208,759-38,208,759-
Current Tax Liabilities----
Borrowings----
Other Liabilities92,870,924120,783,08392,715,182120,337,297
Other Financial Liabilities200,784,962286,716,836200,413,793285,366,262
Total Liabilities13,713,712,57813,362,082,55913,712,594,59613,359,695,127
Total Equity and Liabilities21,791,427,99220,977,252,48521,711,508,96320,907,531,437

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Fig in NPR.

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) Insurance Current Year This Quarter Insurance Current Year Upto This Quarter (YTD) Insurance Corresponding Previous Year This Quarter Insurance Corresponding Previous Year Upto This Quarter (YTD)

Income:
Gross Earned Premiums1,298,679,3361,298,679,3361,083,486,9761,083,486,9761,298,679,3361,298,679,3361,083,486,9761,083,486,976
Premiums Ceded52,197,87052,197,87041,990,78441,990,78452,197,87052,197,87041,990,78441,990,784
Net Earned Premiums1,246,481,4651,246,481,4651,041,496,1921,041,496,1921,246,481,4651,246,481,4651,041,496,1921,041,496,192
Commission Income--------
Other Direct Income6,421,5856,421,5855,530,0585,530,0586,421,5856,421,5855,530,0585,530,058
Interest Income on Loan to Policyholders11,986,36811,986,3682,725,9862,725,98611,986,36811,986,3682,725,9862,725,986
Income From Investments and Loans306,286,001306,286,001235,095,247235,095,247305,577,398305,577,398252,420,761252,420,761
Net Gain/(Loss) on Fair Value Changes67,695,76667,695,766(315,191,196)(315,191,196)61,254,09161,254,091(276,796,580)(276,796,580)
Net Realised Gains/(Losses)277,592277,592(172,369)(172,369)277,592277,592(2,883,759)(2,883,759)
Other Income181,902181,90242,54842,548----
Total Income1,639,330,6791,639,330,679969,526,465969,526,4651,631,998,4991,631,998,4991,022,492,6581,022,492,658
Expenses:
Gross Benefits and Claims Paid344,631,420344,631,420359,004,996359,004,996344,631,420344,631,420359,004,996359,004,996
Claims Ceded23,955,87423,955,87436,921,93236,921,93223,955,87423,955,87436,921,93236,921,932
Gross Change in Contract Liabilities762,230,698762,230,698271,044,099271,044,099762,230,698762,230,698271,044,099271,044,099
Change in Contract Liabilities Ceded to Reinsurers8,541,0068,541,0064,554,4004,554,4008,541,0068,541,0064,554,4004,554,400
Net Benefits and Claims Paid1,074,365,2381,074,365,238588,572,764588,572,7641,074,365,2381,074,365,238588,572,764588,572,764
Commission Expenses113,486,628113,486,62891,331,01791,331,017113,486,628113,486,62891,331,01791,331,017
Service Fees9,348,6099,348,6097,811,2227,811,2229,348,6099,348,6097,811,2227,811,222
Other Direct Expenses1,014,9351,014,9351,269,5521,269,5521,014,9351,014,9351,269,5521,269,552
Employee Benefits Expenses124,339,409124,339,409112,565,973112,565,973122,071,015122,071,015110,150,807110,150,807
Depreciation and Amortization Expenses10,196,19810,196,19810,552,09510,552,0959,358,0079,358,0079,712,5919,712,591
Impairment Losses--------
Other Operating Expenses56,973,74956,973,74943,972,39443,972,39453,974,57353,974,57340,878,50040,878,500
Finance Cost1,327,2641,327,264530,347530,3471,327,2641,327,264530,347530,347
Total Expenses1,391,052,0291,391,052,029856,605,364856,605,3641,384,946,2691,384,946,269850,256,800850,256,800
Net Profit/(Loss) For The Period Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax248,278,650248,278,650112,921,102112,921,102247,052,230247,052,230172,235,859172,235,859
Share of Net Profit of Associates accounted using Equity Method--------
Profit Before Tax248,278,650248,278,650112,921,102112,921,102247,052,230247,052,230172,235,859172,235,859
Income Tax Expenses3,888,4113,888,411(79,054,046)(79,054,046)2,128,2342,128,234(67,041,760)(67,041,760)
Net Profit/(Loss) For The Period244,390,239244,390,239191,975,148191,975,148244,923,996244,923,996239,277,619239,277,619
Earning Per Share
Basic EPS18.50-15.20-18.55-18.95-
Diluted EPS18.50-15.20-18.55-18.95-

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME

Fig in NPR.

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) Insurance Current Year This Quarter Insurance Current Year Upto This Quarter (YTD) Insurance Corresponding Previous Year This Quarter Insurance Corresponding Previous Year Upto This Quarter (YTD)

Net Profit/(Loss) For The Year244,390,239244,390,239191,975,148191,975,148244,923,996244,923,996239,277,619239,277,619
Other Comprehensive Income(10,848,249)(10,848,249)183,275,087183,275,087(10,848,249)(10,848,249)183,275,087183,275,087
Total Comprehensive Income233,541,991233,541,991375,250,235375,250,235234,075,748234,075,748422,552,706422,552,706
OTHER INDICATORS
Particulars Current Year Upto This Quarter (YTD) Previous Year Upto This Quarter (YTD)
1. Total Enforce policy count838,334.001,454,567.00
2. Total number of policies issued during the period108,834.00377,875.00
3. First Year Premium (inlcuding single premium)434,576,107.931,837,000,116.14
4. Single Premium227,509,071.84994,156,299.23
5. Renewal Premium864,103,228.003,259,198,244.00
6. Total Benefits and Claims Paid in Count4,653.002,149.00
7. Outstanding Benefits and Claims in Count46.00452.00
8. Gross Claim Outstanding (Amount)52,226,353.0027,121,223.23

9.Declared Bonsu Rate (FY 2080/81) Nrs. 25 to Nrs.80 Nrs. 25 to Nrs.80

10. Interim Bonus Rate Nrs. 25 to Nrs.80 Nrs. 25 to Nrs.80

11. Long Term Investments (Amount)16,091,318,306.1113,499,842,786.46
12. Short Term Investments (Amount)3,282,824,043.003,665,000,000.00
13. Policyholder Loans804,981,656.70770,986,929.70
14. Investment in Cost Value19,405,068,933.3417,164,842,786.46
15. Life Insurance Fund (Amount)13,317,807,385.9612,903,667,945.74
16. Unearned Premium Reserve for term policies (Amount)440,740,323.55433,280,520.34
17. Solvency Margin Ratio (FY 2081/82)243.80243.80

Disclosure as per Section 84(3) of Insurance Act, 2079

1. Solvency Ratio related disclosures: latest solvency ratio of the company

The solvency ratio of the company as per the audited Financial Statements of Fiscal Year 2081/82 was 243.8.

2. Reinsurance related disclosures: comment on the reinsurance arrangement and its adequacy

The Company has adequately reinsured all its businesses with Nepal Reinsurance Company Limited and Himalayan Reinsurance Company Limited according to Reinsurance Directive for Life Insurer of Nepal Insurance Authority.

Based on the company's year of operation and business volume, the company has adequately been reinsured.

3. Details regarding legal proceeding: legal proceeding by or against the insurer

No such case pending by or against the insurer.

4. Corporate Governance: compliance with the Corporate Governance Directives

The company has complied with the corporate governance directives 2079 of Nepal Insurance Authority.

5. Any other disclosure as deemed relevant

N/A.

(Related to Rule 26 Sub-rule (1) of Securities Registration and Issue Regulations, 2073)

Schedule 24

1. Financial Statements

a) Quarterly Balance Sheet and Profit and Loss Statement

The Balance Sheet and Profit and Loss Account for the first quarter of F.Y. 2083/84 have been published herewith. The said statement is also placed on the company's website.

b) Major Financial Ratios

Earnings Per Share : 18.55

Net worth Per Share : 151.44

P/E Ratio : 22.47

Total Asset Value Per Share : 410.99

Liquidity Details : Looking at the current state of assets and liabilities of the company, the liquidity position of the company appears satisfactory. Financial ratios may vary after adjustment of profits to be obtained after actuarial valuation.

2. Management Analysis

a. Changes in Company's Stock, Income and Liquidity

During this period, the income and liquidity position of the company has been satisfactory.

b. Analytical details of management on the business plan of the coming period

In the first quarter of this F.Y., the company has been successful in earning insurance premium of Rs. 1 billion 29 crore 67 lakh. By the end of this quarter, the company's life insurance fund has reached Rs. 13 billion 31 crore.

The company is confident of achieving its business targets and business projections for this F.Y. by further improving the business performance of this quarter in the upcoming quarter. The company is actively focused on expansion of service countrywide, enhancing insurance awareness and agent orientation along with technology-friendly insurance expansion as per plan.

3. Details regarding legal action

No legal action has been taken against the company up to the first quarter of this F.Y.

4. Analysis of share trading of the organized institution

This company was listed on the Nepal Stock Exchange on 2080/06/02 and share trading started from 2080/06/04, and in 93 days from 2083 Baisakh 01 to 2083 Ashwin end, trading took place as follows:

Maximum Price : Rs 445 Minimum Price : Rs 309.8

Closing Price : Rs 436 Number of Transactions : 13,948

Trading Days : 93 Traded Share Quantity : 995,806

5. Problems and Challenges

Minimizing the negative impact seen on the insurance business due to the economic recession and slowdown in economic activities is the main challenge today. In this situation, the impact of the negative trend in the country's economy on the insurance sector, lack of skilled manpower for quality insurance business growth, rising inflation, liquidity crunch, lack of safe, attractive and long-term investment opportunities, lack of public awareness about life insurance, and unhealthy competition among life insurance companies are the major problems and challenges today.

To increase insurance business, expanding the reach of insurance countrywide to raise public awareness and within the periphery of guidelines issued by the Nepal Insurance Authority, keeping risk in mind, a strategy of investing in strong banks and financial institutions offering high returns has been adopted.

The company has taken a policy to diversify investments by investing in infrastructure, water resources, and tourism sectors. For the purpose of investment diversification, participation in the banking sector has also been taken in Promoter Shares of Citizen Bank Limited, Hydropower Shares, Infrastructure Development Shares, and Manufacturing sector shares.

6. Corporate Governance

Corporate governance of the company is effective due to the company's efficient and sleek management. The internal control system of the company has been strengthened and policies, directives, and existing rules and laws issued by the regulatory body are fully complied with. Also, as prescribed by the Corporate Governance Directives issued by the Nepal Insurance Authority, a Board-level committee has been formed to regularly monitor and direct the company's activities.

7. Declaration by the Chairman/CEO regarding Truth and Correctness

I take personal responsibility for the accuracy of the information and details mentioned in this report up to today. I also declare that to the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete, and no details, information, or data necessary for shareholders to be informed and make decisions have been hidden.

Advertisement