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Financial Report

Nepal Insurance | Gross Premium (In Lakhs)
Types of Insurance 2076/77 2077/78 2078/79 2079/80 2080/81
Fire      3,166.84      3,691.76         4,267.42      4,621.78      5,491.96
Marine         500.61         601.27            575.26         558.17         426.65
Motor      5,136.34      5,994.56         5,761.46      5,957.78      5,895.77
Engineering      1,183.72      1,501.53         1,841.95      2,142.97      2,253.64
Aviation             0.67             2.37               32.42           85.99                  -  
Miscellaneous      1,190.27      1,243.73         2,419.22      1,839.93      1,394.82
Micro         472.86         766.06            901.97         651.20         439.12
Laghu         154.80         407.15                 0.04             0.03                  -  
Total   11,806.12   14,208.43       15,799.74   15,857.85   15,901.94

 

Nepal Insurance | Revenue (In lakhs)
Particulars 2076/77 2077/78 2078/79 2079/80 2080/81
Gross Premium    11,806.12    14,208.43    15,799.74        15,857.85        15,901.94
Reinsurance, Pool & Profit Commission       1,640.02       1,843.22       2,600.85          2,212.38          2,465.64
Unexpired Risk Reserve previous Year       2,627.56       3,339.87       3,478.12          3,982.58          3,158.85
Intimated Claims Provision Previous Year       3,223.28       3,447.07       3,978.89          2,774.23          2,782.23
Other Income 18.094275            37.39            12.47                13.55                46.00
Total Revenue    19,315.08    22,875.98    25,870.06        24,840.59        24,354.66

 

Nepal Insurance | Expenditure (In Lakhs)
Particulars 2076/77 2077/78 2078/79 2079/80 2080/81
Reinsurance Premium       5,112.33       7,324.79       9,110.31      1,013.98         374.09
Reinsurance Commission Expenses            70.05            48.50            93.92           23.04           16.32
Net Claim       1,718.12       2,799.65       2,815.30      2,900.76      3,005.82
Agency Commission          224.67          238.28          213.19         197.05         150.62
Insurance Levy            66.94            70.04            66.89           68.77           47.38
Other Direct Expenses            44.72          131.90            30.97           20.18             8.41
Management Expenses       2,471.84       2,401.84       3,356.75      3,222.79      3,704.54
Unexpired Risk Reserve this Year       3,346.90       3,441.82       3,344.71      3,982.58      3,158.85
Intimated Claims Provision this Year       3,447.07       3,978.89       3,150.70      2,774.23      2,782.23
Total Expenditure    16,502.63    20,435.71    22,182.74   14,203.38   13,248.26

 

Nepal Insurance | Operating Costs (In Lakhs)
Particulars 2076/77 2077/78 2078/79 2079/80 2080/81
Staff Bonus       422.43       490.61       566.46       614.61    1,042.96
Income Tax   1,314.21   1,502.84   1,681.87   2,023.33    3,175.49
Deferred Tax       133.90         81.55       (76.87)           6.41          (8.48)

 

Nepal Insurance | Cost Transfer to BS (In Lakhs)
Particulars 2076/77 2077/78 2078/79 2079/80 2080/81
Insurance Fund   4,220.98   5,712.14   7,532.47   9,378.68   12,918.35
General Reserve   3,600.51   3,654.74   3,576.58   4,060.96     5,501.27
Previous Year Expenses       (27.75)         48.97       324.25   1,041.71     1,109.08
Other Reserve                -                  -                  -                  -                   -  
Net Profit/Loss b/d       760.76       741.90       816.03   1,109.08     1,525.53
Net Profit/Loss   2,622.51   3,063.86   3,640.66   3,692.42     7,085.75
Bonus Share       920.25   1,366.57   1,103.20   1,494.77     2,466.36
Dividend       230.06         71.92         58.06         78.67        129.81
Profit/Loss Transfer to BS       741.90       816.03   1,041.71   1,109.08     1,525.53

 

 

Nepal Insurance | Fund (In Lakhs)
Particulars 2076/77 2077/78 2078/79 2079/80 2080/81
Shareholder Fund    19,140.27    22,083.24    25,341.59   29,015.35   35,833.42
Paid Up Capital    10,955.37    12,423.39    13,789.96   14,947.65   16,442.42
General Reserve         909.85         909.85         909.85        909.85        909.85
Capital Reserve              1.44              1.44              1.44             1.44             1.44
Insurance Fund      4,220.98      5,712.14      7,532.47     9,378.68   12,918.35
Catastrophe Reserve         363.41         292.97         442.58        971.37        628.05
Deferred Tax Reserve         479.30         560.84         483.97        475.49        481.90
Proposed Bonus Share         920.25      1,366.57      1,103.20     1,494.77     2,466.36
Capitalized Left Bonus Share                  -                    -                    -                   -                   -  
Share Premium                  -                    -                    -                   -                   -  
Net Profit(Loss)      2,622.51      3,063.86      3,640.66     3,692.42     7,085.75