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.
