Tag: Insurance039s

  • Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power

    Last Day to Secure Dividend from United Ajod Insurance and Right from Ridi Power


    Today marks the final opportunity to secure the 10.8013% dividend offered by United Ajod Insurance Limited (UAIL).

    The company has scheduled its 30th Annual General Meeting (AGM) for the 6th of Falgun, 2080. The AGM will take place at Anmol Banquet in Shankhamul, Kathmandu, starting at 11:00 AM.

    In a board meeting held on Magh 04, the directors decided to distribute a 10.8013% dividend for the fiscal year 2079/80. This dividend comprises 10.2612% in bonus shares and 0.5401% in cash dividend (for tax purposes). Currently, the company’s paid-up capital stands at Rs. 1.90 Arba.

     

  • Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance

    Citizen Life Insurance (CLI) Posts 2.73% Increase in Q2 Net Profit, Revealing Robust Financial Performance


    In the second quarter of the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) demonstrated positive financial performance, marked by a 2.73% increase in net profit. The net profit rose from Rs. 12.36 crores to Rs. 12.03 crores when compared to the corresponding quarter of the previous year.

    Citizen Life’s financial position revealed a robust structure, featuring a paid-up capital of Rs. 3.75 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company holds significant amounts in retained earnings (Rs. 68.95 crore), other equity (Rs. 65.12 crore), and catastrophe reserves (Rs. 14.96 crore).

    During the second quarter of FY 2080/81, Citizen Life experienced a notable 4.23% increase in net premium, reaching Rs. 2.57 Arba compared to the previous year. The company generated Rs. 74.08 crores from income derived from investments, loans, and other financial activities. However, there was an 18.21% increase in net claims, reaching Rs. 2.6 Arba in the same quarter of the fiscal year 2080/2081.

    Key financial indicators for CLI include an annualized earnings per share (EPS) of Rs. 6.60 and a net worth per share of Rs. 181.13. Notably, the company’s stock traded at a price-to-earnings (P/E) multiple of 71.72 times, indicating investor confidence in its performance.