Nepal Breaking NewsBusinessCitizen Life Insurance reports a 110 percent increase in premiums (Q3 Report)

Citizen Life Insurance reports a 110 percent increase in premiums (Q3 Report)

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Citizen Life Insurance Company Limited announced a 110 percent increase in the premium collection through the third quarter of fiscal year 2077/78. According to the unaudited estimate, the company received Rs 2.48 Arba in total premium, up Rs 1.16 Arba in the previous fiscal year’s corresponding period.

The following table summarizes the :

Citizen Life Insurance: FY 2077/78 Third Quarterly Report Summary

Financial Indicators Q3, F.Y. 2077/78 Q3, F.Y. 2076/77 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 1.75 1.75 0.00
& Surplus (Rs. ‘Arba’) 0.76 0.45 68.89
Life Assurance Fund  (Rs. ‘Arba’) 3.01 1.26 138.89
Total Premium (Rs. ‘Arba’) 2.48 1.18 110.17
Net Premium (Rs. ‘Arba’) 2.44 1.16 110.34
Net Claim (Rs. ‘Arba’) 0.37 0.04 825.00
Total   & Loans (Rs. ‘Arba’) 5.4 3.67 47.14
Management Expenses  (Rs. ‘Arba’) 0.43 0.28 53.57
Net Profit  (Rs. ‘crores’) 14.57 14.39 1.25
Number Of Policies 69,894 17,840 291.78
(Rs.) 11.1
Networth Per Share (Rs.) 143.42

Please keep in mind that

The above figures are taken from the respective company’s unaudited quarterly report. When making investment decisions, investors should consider a variety of in addition to this article. After the final audit, the figures can change.

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