National Life Insurance Approves Financial Results and Strategic Investments at 38th AGM
Summary
National Life Insurance Company reported a 10.26% premium growth, increased investments by 11.04%, and declared an 8.5% cash dividend along with 4% bonus shares at its 38th AGM.
Key Points
- National Life Insurance achieved a 10.26% growth in total premium to Rs. 22.59 billion in FY 2081/82.
- Investments rose by 11.04% to Rs. 77.90 billion with an annual average return of 8.76%.
- The company increased its stake in Himalayan Bank Limited to 13.61% and its subsidiary issued a 7% cash dividend.
- Shareholders approved an 8.5% cash dividend and 4% bonus shares, raising paid-up capital to Rs. 5.69 billion.
