Kathmandu. Nepal Life Insurance Company Limited has increased its profit by 31.40 percent in the first six months of the current fiscal year. The company has made a net profit of Rs 429.7 million as of mid-January. This profit is not linked to the profit received after the actuarial valuation. The company had made a profit of only Rs 359 million in the same period last year.

The company has earned Rs 17.08 billion in premiums in the last six months. This is an increase of Rs. 3.17 billion over the corresponding period of the previous year. As of mid-December last year, the company had earned insurance premium of Rs 13.91 billion.

The company has a paid up capital of Rs 7.19 billion. The reserve and fund has Rs 1.5 billion. The life insurance fund has an additional Rs 100 billion while the catastrophe fund has Rs 598.9 million.

The company's earnings per share is Rs 11.94. Net worth is Rs 122.95 per share. The PE ratio is 204.04 times. The company's shares are currently trading at Rs 2,436 per share.