Sanima Reliance Life Insurance Sees Over 10% Rise in Net Profit; EPS Drops to Rs. 8.98
Sun, May 11, 2025 9:22 AM on Financial Analysis, Company Analysis, Latest,
Sanima Reliance Life Insurance Limited (SRLI) has published its unaudited financial report for the third quarter of fiscal year 2081/82, showcasing moderate growth in profitability while facing a notable decline in retained earnings and per-share metrics.
The company’s net profit increased by 10.77%, rising to Rs. 3.38 crores from Rs. 3.05 crores in the corresponding quarter of the previous fiscal year. This growth comes alongside a 15.88% rise in net premium income, which stood at Rs. 4.65 Arba, up from Rs. 4.01 Arba.
Sanima Reliance Life Insurance’s paid-up capital increased to Rs. 5.01 Arba, reflecting a 19.86% growth from the previous figure of Rs. 4.18 Arba. Likewise, the life insurance fund expanded significantly by 24.81% to reach Rs. 18.22 Arba, while investment holdings grew by 13.74% to Rs. 20.95 Arba.
However, the company witnessed a steep 75.05% drop in retained earnings, which now stand at Rs. 30.99 crores, down from Rs. 1.24 Arba in the same quarter last year. This drop has contributed to a 7.58% decline in annualized earnings per share (EPS), now recorded at Rs. 8.98, and a 17.64% fall in net worth per share, which is currently Rs. 110.61.
On the expense side, net claim payments surged by 22.38%, reaching Rs. 4.69 Arba, while commission expenses rose by 12.86% to Rs. 48.88 crores, indicating increased benefit outflows and distribution costs. The company also earned Rs. 1.18 Arba in income from investments, loans, and other sources—a 5.39% increase year-on-year.
Major Highlights:
* Figure is of the Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Sanima Reliance Life Insurance | ||
|---|---|---|---|
| Q3 2081/82 | Q3 2080/81 | Difference | |
| Paid Up Capital | 5,014,924.06 | 4,184,000.00* | 19.86% |
| Share Premium | 0.00 | 0.00 | - |
| Catastrophe Reserves | 153,676.87 | 120,121.23* | 27.93% |
| Retained Earnings | 309,996.79 | 1,242,258.27* | -75.05% |
| Other Equity | 68,188.09 | 72,648.76* | -6.14% |
| Life Insurance Fund | 18,226,804.01 | 14,603,629.69* | 24.81% |
| Investments | 20,959,488.26 | 18,428,044.91* | 13.74% |
| Net Premium | 4,651,637.87 | 4,014,133.04 | 15.88% |
| Income from Investment, Loan and others | 1,187,725.74 | 1,126,952.22 | 5.39% |
| Claim Payment (Net) | 4,697,268.45 | 3,838,207.49 | 22.38% |
| Commission Expenses | 488,829.34 | 433,132.96 | 12.86% |
| Net Profit | 337,657.54 | 304,831.92 | 10.77% |
| Annualized EPS (In Rs.) | 8.98 | 9.71 | -7.58% |
| Net Worth per Share (In Rs.) | 110.61 | 134.30 | -17.64% |
| PE Ratio | 46.03 | - | - |
