Asian Life reported 45.02% growth in net profit in Q2; Annualized EPS at Rs. 17.51; Net worth per share at Rs. 139.88
Thu, Feb 11, 2021 7:53 AM on Latest, Company Analysis,
Asian Life Insurance Company Limited (ALICL) has reported growth in net profit by 45.02% in Q2. The company reported a net profit of Rs. 17.60 crores compared Rs. 12.13 crores of the corresponding quarter of previous year.
The paid-up capital of the company stands at Rs. 2.01 Arba and reserve and reserve and surplus stood at Rs. 72.31 crores. Its life insurance fund increased by 27.93% to Rs. 24.71 Arba and contingent fund stood at Rs. 7.88 crores.
The Gross premium increased by 38.53% to Rs. 3.17 Arba whereas the net premium stood at Rs. 3.16 Arba.
The agent commission increased by 49.07% in this quarter. The number of policies stood at 309,610.
The annualized EPS stood at Rs. 17.51 and net worth per share stood at Rs. 139.88. The company traded at a P/B multiple of 7.41 times.
Major Highlights:
|
Particulars |
Asian Life Insurance Company Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,010,760.73 |
2,010,760.73 |
0.00% |
|
Reserve & Surplus |
723,120.07 |
474,459.89 |
52.41% |
|
Insurance Fund |
24,713,532.13 |
19,317,265.05 |
27.93% |
|
Contingent Fund |
78,865.11 |
55,213.07 |
42.84% |
|
Gross Premium |
3,172,228.00 |
2,289,884.00 |
38.53% |
|
Net Premium |
3,166,275.37 |
2,286,056.96 |
38.50% |
|
Re-Insurance Income |
0.00 |
0.00 |
- |
|
Income from Investment, Loan and others |
957,552.91 |
712,468.33 |
34.40% |
|
Claim Payment (Net) |
427,679.56 |
296,323.24 |
44.33% |
|
Agent Commission |
386,929.29 |
259,570.64 |
49.07% |
|
Net Profit |
176,054.77 |
121,397.64 |
45.02% |
|
No. Of Policies |
309,610.00 |
283,395.00 |
- |
|
Annualized EPS (Rs.) |
17.51 |
12.07 |
- |
|
Net Worth Per Share |
139.88 |
126.34 |
- |
|
Price/Book Ratio (times) |
7.41 |
- |
- |
