Asian Life Insurance brings a profit of Rs 5.82 crores; Net worth at Rs 118.13

Asian Life Insurance Company Limited (ALICL) has posted a net profit of Rs. 5.82 crore till the fourth quarter of 2075/76 fiscal year.

Note that the current year net profit excludes the profit that the ALICL's will earn after actuary valuation of life Insurance fund. So the profit earned from actuary valuation will change the figure of net profit and its net worth.

As per the unaudited report for the fourth quarter published today, earning from premium has increased from Rs  2.99 arba in fourth quarter of FY 2074/75 to Rs 4.21 arba in this quarter. 

ALICL has life insurance fund of Rs 17.01 arba. It's paid up capital stands at Rs 2.01 arba with a reserve of Rs 32.15 crore.

Asian Life’s earning per share stands at Rs 2.90, net worth per share is at Rs. 118.13 and P/E ratio stands at 118.27 times