Nepal Reinsurance Company Limited · Quarterly report

NRIC Q3 Financial Report — FY 2082/83

Nepal Reinsurance Company Limited (NRIC) posted a year-to-date net loss of Rs 5.84 Arb at the end of Q3 FY 2082/83, against a net profit of Rs 54.82 Cr a year earlier. Annualised EPS is Rs -43.51 against Rs 5.45 in Q3 FY 2081/82.

Q3 FY 2082/83 vs Q3 FY 2081/82

Metric	Q3 2082/83	Q3 2081/82	Change
Paid Up Capital	13.42 Arb	13.42 Arb	+0.0%
Reserves and Surplus	80.75 Cr	1.54 Arb	-47.6%
Insurance Fund	0	0	—
Catastrophic Reserve	42.76 Cr	37.89 Cr	+12.9%
Total Equity	14.66 Arb	20.02 Arb	-26.8%
Total Assets	39.54 Arb	34.64 Arb	+14.1%
Long Term Investment and Loans	4.18 Arb	3.26 Arb	+28.1%
Short Term Investment and Loans	13.18 Arb	19.27 Arb	-31.6%
Total Investment and Loans	17.36 Arb	22.53 Arb	-22.9%
Total Revenue	6.68 Arb	8.57 Arb	-22.0%
Income from Investment	47.55 Cr	94.26 Cr	-49.6%
Total Expenses	12.52 Arb	7.79 Arb	+60.8%
Management Expenses	0	0	—
Net Profit	-5,840,295,340	54.82 Cr	-1165.3%
Net Premium	5.84 Arb	7.12 Arb	-18.0%
Net Claim Payment	10.83 Arb	5.18 Arb	+109.2%
Number of Shares	13.42 Cr	13.42 Cr	+0.0%
EPS Reported	-43.51	5.45	-898.3%
Book Value Reported	109.20	149.15	-26.8%
ROE Reported	-39.85%	3.65%	-43.50 pp
Solvency Ratio	3.65%	3.65%	+0.00 pp

Amounts in Rs and year-to-date; ratios change in percentage points (pp). For NPL and cost of funds, lower is better.

NRIC last 8 quarters

Metric	Q4 2080/81	Q1 2081/82	Q2 2081/82	Q3 2081/82	Q4 2081/82	Q1 2082/83	Q2 2082/83	Q3 2082/83
Net profit	1.13 Arb	6.33 Cr	53.27 Cr	54.82 Cr	1.04 Arb	-7,861,582,710	-7,985,132,450	-5,840,295,340
EPS	8.43	0.47	7.94	5.45	7.71	-234.29	-118.98	-43.51
Book value	145.00	145.54	148.96	149.15	152.94	94.27	93.16	109.20