Himalayan Re-Insurance Limited (HRL) has made headlines with its outstanding financial performance in the third quarter of the fiscal year 2080/81. The company reported a staggering 100% surge in net profit, reaching Rs. 93.11 crore, compared to Rs. 46.43 crore in the same period last year.
HRL, a leading player in the insurance sector, displayed a solid financial position with a paid-up capital of Rs. 10 Arba and Rs. 3.18 Arba in share premium. The company’s financial reserves, including retained earnings, special reserves, catastrophe reserves, and other equity, reflect its stability and growth trajectory.
The third quarter saw HRL’s insurance fund reach Rs. 5.9 Arba, coupled with an impressive investment portfolio amounting to Rs. 15.91 Arba. Notably, the company witnessed a substantial surge of 123.96% in net premiums, totaling Rs. 3.49 Arba, showcasing its ability to attract a larger customer base.
However, amidst the impressive financial performance, HRL also experienced a significant increase of 94.61% in net claims, amounting to Rs. 1.6 Arba. Despite this, the company’s key financial indicators, including annualized earnings per share (EPS) and net worth per share, reflect positively on its overall performance.
In addition to its financial achievements, HRL remains committed to delivering quality services to its customers while ensuring sustainable growth in the insurance industry.