Net profit of NLG Insurance boosted by 50%

Kathmandu November 26- Private sector general insurance company NLG Insurance Company has earned 31 million 231 thousands net profit in the first quarter of current fiscal year which was Rs. 20 million 775 thousands in the corresponding period of last FY.

With the paid up capital of Rs. 340 million, reserve of Rs. 115.8 million has been maintained in the company. Company has earned Rs. 137.2 million insurance premium which was Rs. 89.9 million last FY. In the period , company has paid Rs. 44.2 million claim amount on 1005 claims which was Rs. 15.4 million last year.

During the period, company has issued 38 thousand 426 insurance policy which is more than the last FY.

According to the financial report of first quarter, EPS of the company is Rs. 36.58, net worth per share is Rs. 248.56, P/E ratio is 19.44 times and liquidity ratio is 1.45 times.