Asian Life Insurance reports 9.35% increase in the net profit; EPS and Net worth per share stand at Rs 3.66 and Rs 119.89 respectively

Thu, Aug 16, 2018 7:01 AM on Financial Analysis, Latest, Stock Market,

Asian Life Insurance Company Limited (ALICL) has released its fourth quarter financial report for the FY 2074/75. It has reported 9.35% increase in net profit.

The life insurance company has posted a net profit of Rs 4.60 crore which was Rs 4.21 crore in the corresponding quarter of the previous year.

Earnings from premium of the insurance company has also reached Rs 2.99 arba, up from Rs 2.29 arba of the corresponding quarter.

The paid up capital of the insurance company is Rs 1.25 arba and Rs 24.99 crore remains in the reserve. The company’s life insurance fund is reported as Rs 13.13 arba. 

The life insurance company currently has 2,12,547 insurance policies.

The life insurance company’s EPS stands at Rs 3.66 with Net worth per share of Rs 119.89.