Kathmandu— IME Life Insurance has reported a net profit exceeding Rs 367.9 million for the third quarter of the current fiscal year 2082/83, according to its latest financial statement published up to mid-April (Chaitra).

The company posted a net profit of Rs 367.9 million, reflecting a slight increase compared to Rs 366.3 million recorded during the same period in the previous fiscal year 2081/82.

The growth in profit has been primarily driven by a significant rise in net insurance premium income. The company earned Rs 5.01 billion in net premiums during the review period, up from Rs 3.60 billion in the corresponding period last year.

Both income and expenses saw notable increases. Total income rose from Rs 4.82 billion to Rs 6.17 billion, while total expenses increased from Rs 4.46 billion to Rs 5.81 billion.

In terms of reserves and equity, the company reported:

• Share premium of Rs 523.8 million
• Catastrophe reserve fund of Rs 299.5 million
• Retained earnings of Rs 520.8 million
• Other equity amounting to Rs 230.2 million

By the end of the third quarter, the company’s total gross written premium stood at Rs 5.16 billion. The annualized earnings per share (EPS) was recorded at Rs 9.81.

The latest figures indicate steady operational growth for IME Life Insurance, supported by expanding premium income despite rising costs.