Dec Mon 2023 02:07:38
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Kathmandu. Along with the business growth of insurance companies, the earnings per share have also increased significantly. In the first quarter of the current financial year 2080/81, the earnings per share increased along with the profits of insurance companies.
The average earnings per share of non-life insurance companies increased by Rs 5.11 to Rs 17.8 till last October. During the same period last year, the average earnings per share of non-life insurance companies was Rs 12.68. By the end of last October, the net profit of non-life insurance companies increased by 11.67 percent and earned 89 crore 12 lakh 39 thousand rupees.
While the earnings per share of non-life insurance companies have increased significantly, life insurance companies have seen a modest increase. According to the data till last October, the earnings per share of life insurance companies increased by 0.20 rupees to 11.80 rupees. During the same period last year, the earnings per share of Geneva Insurance Company was Rs. 11.78. Until last October, the net profit of life insurance increased by 36.63 percent to 1 billion 71 crore 99 lakh 97 thousand rupees.
EPS of 8 non-life insurance increased
Among the companies listed in the capital market, the EPS of 8 companies has increased while 4 companies have decreased. Out of which National Insurance Company has increased the most while Siddharth Premier Insurance has decreased.
National Insurance Company's earnings per share increased by Rs 31.43 to Rs 51.63. The earnings per share of Nepal Insurance increased by Rs 21.12 to Rs 39.12, Neco Insurance increased by Rs 9.43 to Rs 17.50, NLG Insurance increased by Rs 3.09 to Rs 14.11.
Similarly, United Azod increased by Rs 2.75 to Rs 8.13, Prabhu Insurance increased by Rs 2.59 to Rs 14.73, Himalayan Everest increased by Rs 1.41 to Rs 9.30 and Shikhar Insurance increased by Rs 0.23 to Rs 16.94 per share. Earned income.
As of last October, Sagarmatha Lumbini fell by Rs 0.18 to Rs 8.70, IGI Prudential fell by Rs 0.40 to Rs 6.75, Sanima GIC fell by Rs 4.10 to Rs 6.76 and Siddharth Premier fell by Rs 5.95 to Rs 19.96 per share. Income is limited.
In life insurance, 8 companies increased while 5 companies decreased
Among the life insurance companies listed in the secondary market, the earnings per share of 8 companies have increased while 5 companies have decreased. Out of which Sun Nepal Life increased, Citizen Life decreased the most.
Sun Nepal Life increased by Rs 9.07 to Rs 20.67, Suryjyoti Life increased by Rs 5.92 to Rs 11.62, LIC Nepal increased by Rs 4.23 to Rs 9.01, Himalayan Life increased by Rs 3.15 to Rs 12.04. have done
Similarly, Asian Life increased by Rs 2.63 to Rs 21.07, Sanima Reliance increased by Rs 0.88 to Rs 10.60, Nepal Life increased by Rs 0.70 to Rs 7.70 and Rashtriya Jeevan Bima increased by Rs 0.14 to Rs 8.30. Earnings per share.
During the review period, Prabhu Mahalakshmi decreased by Rs 2.48 to Rs 9.35, National Life decreased by Rs 2.43 to Rs 10.40, Reliable Nepal decreased by Rs 4.95 to Rs 11.94, IME Life decreased by Rs 8.10 to Rs 13.04 and Citizen Life's earnings per share have been limited to Rs 7.63, down from Rs 8.45.