Asian Life Insurance profit rises by 78.43% to Rs 18.18 crore in Q4; EPS stands at Rs 9.04
Wed, Aug 12, 2020 7:18 AM on Company Analysis, Latest,
Asian Life Insurance Company Limited (ALICL)'s net profit has increased by 78.43% in the fourth quarter of the fiscal year 2076/77. The company earnings have increased from Rs 10.19 crore to Rs 18.18 crore in Q4 of the FY 2076/77.
As per the unaudited report for the fourth quarter published today, ALICL has a paid-up capital of Rs 2.01 arba with a reserve of Rs 54.70 crore.
The company has Rs 21.61 arba in life insurance fund and Rs 6.12 crore in the contingent fund.
The net earnings from premium rose to Rs 4.54 arba till Q4 of FY 2076/77 from Rs 4.21 arba in the corresponding quarter of the last fiscal year. The company has earned Rs 1.56 arba from investment, loans and other headings.
The company net claim payment rises by 28.58% to Rs 52.05 crore till Q4. The company’s number of policyholders increased from 2.50 lakhs in the corresponding quarter to 2.90 lakhs till Q4.
It's EPS and net worth per share stands at Rs 9.04 and Rs 130.25. The quarter-end P/E ratio of the company according to the report is at 67.11 times.
Major Highlights:
* net profit figure is without the profit generated from the actuarial valuation of assets and liabilities.
|
Particulars (In Rs '000) |
Asian Life Insurance Company |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
2,010,760.73 |
2,010,760.73 |
0.00% |
|
Reserve and Surplus |
547,065.30 |
365,202.02 |
49.80% |
|
Life Insurance Fund |
21,610,247.52 |
17,019,019.53 |
26.98% |
|
Contingent Fund |
61,259.63 |
43,073.31 |
42.22% |
|
Net Premium |
4,540,823.70 |
4,216,353.93 |
7.70% |
|
Re-Insurance Income |
0.00 |
0.00 |
|
|
Income from Investment, Loan and others |
1,564,250.10 |
1,299,165.29 |
20.40% |
|
Claim Payment (Net) |
520,540.38 |
404,835.62 |
28.58% |
|
Agent Commission |
503,448.70 |
522,877.19 |
-3.72% |
|
Gross Profit |
11,362.96 |
9,379,827.00 |
-99.88% |
|
Transferred to Life Insurance Fund |
4,591,227.99 |
4,042,432.04 |
13.58% |
|
Net Profit* |
181,863.28 |
101,926.98 |
78.43% |
|
No of Policies |
290,723.00 |
250,354.00 |
16.12% |
|
EPS (In Rs.) |
9.04 |
5.07 |
78.43% |
|
Net Worth per Share (In Rs.) |
130.25 |
120.30 |
8.27% |
|
PE Ratio |
67.11 |
- |
- |
|
Qtr End Price |
607.00 |
- |
- |
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