Asian Life Insurance reports annualized EPS of Rs 12.07 for Q2; Net profit at Rs 12.13 crore

Asian Life Insurance Company Limited (ALICL) has posted a net profit of Rs.12.13 Crore till the second quarter of the 2076/77 fiscal year. The figure stood at Rs.2.89 Crore in the corresponding quarter of the previous year.

Earning from premium has increased from Rs.1.73 arba to Rs.2.28 arba in the second quarter of the current year. ALICL has life insurance fund of Rs.19.31 Arba. It's paid up capital stands at Rs.2.01 Arba with a reserve of Rs.47.44 Crore.

Asian Life’s earning per share stands at Rs.12.07, net worth per share is at Rs.126.34 and P/E ratio stands at 35.11 times.

Note that the stated net profits exclude the profit that the companies will earn after actuary valuation of life Insurance fund done at the end of the year. So the profit earned from actuary valuation will change the figure of net profit and its net worth.

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