Asian Life and Gurans life insurance posted a net profit of Rs 1.69 and Rs 2.43 crore in Q1 of FY 2075/76; Annualized EPS stands at Rs 5.4 and Rs 16.42 respectively

Asian Life Insurance Company Limited (ALICL) has posted a 6.9 % rise in net profit for the first quarter of the current fiscal year 2075/76. It has earned a net profit of Rs 1.69 crore in the Q1 of current fiscal year, up from Rs 1.58 crore in the corresponding period of last fiscal year.  

Earning from premium has increased from Rs 54.86 crore in Q1 of FY 2074/2075 to Rs 68.24 crore in this quarter. As per the unaudited report for the first quarter published today, ALICL has insurance fund of Rs 13.88 arba; paid up capital of Rs 1.25 arba with a reserve of Rs 26.68 crore.

Asian Life’s annualized earning per Share (EPS) stands at Rs 5.4, net worth per share is at Rs. 129.24 and annualized P/E ratio stands at 109 times. LTP of ALICL share is Rs 560. 

Gurans Life Insurance (GLICL) has paid up capital of Rs. 59.40 crores, while the reserves and surplus stood at Rs.28.72 crore. GLICL's net profit has decreased by 8.6% from Rs 2.66 crores in the Q1 of FY 2074/75, to Rs 2.43 crore in Q1 of 2075/76.

The company’s number of policy holders has increased from 1.80 lakh in the corresponding quarter of last fiscal year to 2 lakh in Q1 of the current fiscal year.

Its earnings from premium have increase from Rs.28.10 crore in Q1 of FY 2074/2075 to Rs 35.45 crore in Q1 of fiscal year 2075/2076. Its annualized EPS stands at Rs 16.42, the P/E stands at 46.53 and the net worth per share of GLICL stands at Rs 154.23. LTP of GLICL share is Rs 720.