IME Life Insurance Reports Moderate Growth in Q1 FY2082/83

IME Life Insurance Limited (ILI) has released its unaudited financial results for the first quarter of the current fiscal year, showing a modest increase in net profit compared to the same period last year. The company earned a net profit of NPR 15.83 crore, marking a 9.17% rise from NPR 14.50 crore in the first quarter of the previous fiscal year.

During the review period, net earned premiums grew by 31.96%, while total income increased by 25.33%. Total claim payments rose by 28.61%, and total expenses went up by 26.96%. Consequently, earnings per share (EPS) rose by NPR 1.06 to NPR 12.67, and net worth per share reached NPR 137.41, with a price-to-earnings (P/E) ratio of 33.56 times.

IME Life Insurance has a paid-up capital of NPR 5 billion, with share premium reserves of NPR 52.38 million, a catastrophe fund of NPR 27.86 million, retained earnings of NPR 86.26 million, and other equity reserves of NPR 20.53 million. The company’s performance reflects steady growth in profitability, premiums, and overall financial strength while maintaining a healthy capital base.

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