National Life Insurance profit rises by 37.81% to Rs 30.60 crore till Q3; company yet to announce dividend and AGM for FY 2074/75
Tue, May 14, 2019 6:43 AM on Financial Analysis, Latest,
National Life Insurance Company Limited (NLICL) has earned net profit of Rs 30.60 crore till the third quarter of FY 2075/76 with growth of 37.81%. The net profit figure is without the profit generated from actuarial valuation of assets and liabilities.
As per the unaudited report for the third quarter published today, the net earnings from premium increased by 20.84% to Rs 4.76 arba till Q3 from Rs 3.94 arba in the corresponding quarter of last FY 2074/75. The number of policyholders decreased by 12.33% to 7.08 lakhs from 8.08 lakhs in the corresponding quarter last year.
The company has made a claim payment (net) of Rs 1.70 arba till Q3; same figure stood at Rs 1.06 arba in corresponding quarter. The claim payment rises by 59.97%.
NLICL has a paid-up capital of Rs 3 arba with a reserve of Rs 68.75 crore. Likewise, the company’s life insurance fund has increased to Rs 25.22 arba from Rs 20.39 arba in the corresponding quarter.
Its annualized EPS stands at Rs 13.57, net worth per share at Rs 122.86 and qtr end P/E ratio at 43.49 times.
NLICL has yet to announce the dividend and AGM for fiscal year 2074/75.
Major Highlights:
|
Particulars (In Rs '000) |
National Life Insurance |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
3,007,440.53 |
1,656,079.58 |
81.60% |
|
Reserve and Surplus |
687,555.56 |
438,191.72 |
56.91% |
|
Life Insurance Fund |
25,220,868.74 |
20,391,023.95 |
23.69% |
|
Contingent Fund |
191,295.32 |
138,463.21 |
38.16% |
|
Net Premium |
4,765,740.91 |
3,943,950.54 |
20.84% |
|
Re-Insurance Income |
23,352.13 |
19,325.35 |
20.84% |
|
Income from Investment, Loan and others |
1,485,788.60 |
1,151,579.36 |
29.02% |
|
Claim Payment (Net) |
1,706,273.91 |
1,066,630.12 |
59.97% |
|
Agent Commission |
504,537.24 |
370,719.96 |
36.10% |
|
Gross Profit |
253,665.44 |
184,399.05 |
37.56% |
|
Transferred to Life Insurance Fund |
3,485,247.46 |
2,980,092.62 |
16.95% |
|
Net Profit |
306,019.77 |
222,052.35 |
37.81% |
|
No of Policies |
708,360.00 |
808,029.00 |
-12.33% |
|
Annualized EPS (In Rs.) |
13.57 |
17.88 |
-24.11% |
|
Net Worth per Share (In Rs.) |
122.86 |
134.82 |
-8.87% |
|
Qtr End PE Ratio |
43.49 |
- |
- |
