Nepal Insurance Company Limited (NICL) has released its report for the second quarter of fiscal year 2080/81, showing a significant rise in net profit by 232.33%. The company earned a net profit of Rs. 49.77 crores compared to Rs. 14.97 crores in the same quarter of the previous fiscal year.
Moreover, NICL has also increased its insurance fund by 4.95%, reaching Rs. 1.81 Arba in Q2 of FY 2080/81. Additionally, there has been a notable surge of 346.45% in the company’s income from investments, loans, and other sources, totaling Rs. 71.43 crores.
Highlights:
- Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05
- Citizen Life Insurance Company’s Q1 Net Profit Rises 1.60%, Maintains Strong Financial Position
- SuryaJyoti Life Insurance Shines with 62.93% Net Profit Surge in Q2; EPS Reaches Rs. 10.41
- SAHAS Urja (SAHAS) Achieves 112.33% Q2 Net Profit Surge, Generates Rs. 1.53 Arba from Power Sales
- Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit