Profit of Himalayan Life Insurace soars to Rs 3.76 billion

KATHMANDU, FEBRUARY 10: Himalayan Life Insurance has reported an 8.73% increase in profit in the second quarter of the current fiscal year. According to the company’s latest financial report, it recorded a profit of Rs. 3.76 billion, up from Rs. 3.46 billion in the same period last year.

The company's earnings per share (EPS) have reached Rs. 9.38, while its net worth per share stands at Rs. 130.21. The total income increased from Rs. 10.97 billion in the second quarter of 2023/24 to Rs. 12.21 billion during the same period of 2024/25. Similarly, net insurance premium earnings rose from Rs. 7.89 billion to Rs. 8.06 billion.

The life insurance fund, which stood at Rs. 58.29 billion in the last fiscal year, has grown to over Rs. 70.40 billion this fiscal year. The company has accumulated Rs. 2.13 billion in retained earnings and Rs. 460 million in the catastrophic reserve fund by the second quarter of this fiscal. 

The paid-up capital of Himalayan Life Insurance is to the tune of Rs. 8.02 billion.