Prabhu Mahalaxmi Life Insurance Company Limited (PMLI) reported a 25.74% increase in net profit for Q1 2081/82, reaching Rs. 12.62 crore. This growth was driven by higher premium income, a 187.51% rise in interest income from policyholder loans, and a 12.86% increase in investment returns. The company’s Life Insurance Fund grew by 8.23%, and paid-up capital rose by 10%. However, retained earnings fell by 34.89%, and net worth per share decreased by 6.05%. The total in-force policy count grew by 8.38%. The PE ratio stands at 53.58, with an annualized EPS of Rs. 10.69, up 14.31% from last year.
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About: Prabhu Mahalaxmi Life Insurance Company Limited (PMLI)
Prabhu Mahalaxmi Life Insurance Company Limited (PMLI) is a leading life insurance provider in Nepal, formed through the merger of Prabhu Life Insurance and Mahalaxmi Life Insurance in 2023. The company offers a variety of life insurance products, including endowment, whole life, moneyback, child, and term plans. PMLI reported a 25.74% increase in net profit for the first quarter of fiscal year 2081/82, driven by higher premium income, investment returns, and effective cost management. Its net premium income rose by 4.18%, and its Life Insurance Fund grew by 8.23%. The company’s paid-up capital also increased by 10%. Headquartered in Kathmandu, PMLI aims to provide reliable insurance solutions to its growing customer base.
