Net profit of Asian life insurance increased by 41.16%

Kathmandu November 16- Private sector life insurance company Asian life insurance company has increased its net profit by 41.16% in the first quarter to Rs. 11 million which was Rs. 7.7 million in the corresponding quarter of last FY.

With the paid up capital of Rs. 670 million, income of the company has increased by 31.73% to Rs. 16.7 million and management and expenses of the company have increased by 16.89% to Rs. 5.7 million.

During the period, company has earned Rs. 395.3 million insurance premium which was Rs. 342.2 million last FY. In the first quarter of current fiscal year, company has paid Rs. 25.3 million on insurance claim which is 14.23% growth than last year.

In this period, company has issued 202 thousand 220 insurance policies which is more than corresponding period of previous year. Company has got 1 thousand 948 insurance claims during the period.

According to the financial report of first quarter, EPS of the company is Rs. 6.55, P/E ratio is of 166.30% and net worth per share is Rs. 127.