Gurans Life Insurance earns Rs 4.09 crore in Q2, No of policies rises to 2 lakhs
Wed, Feb 6, 2019 8:44 AM on Financial Analysis, Latest, Stock Market,
Gurans LIfe Insurance Company Limited (GLICL) net profit has slightly increased by 7.14% from Rs 3.82 crores in the Q2 of FY 2074/75, to Rs 4.09 crore in Q2 of 2075/76. Note that the current year net profit excludes the profit that the GLICL’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.
Gurans Life Insurance (GLICL) has paid up capital of Rs. 59.40 crores, while the reserves and surplus stood at Rs 26.52 crore.
The company’s number of policy holders has increased from 1.92 lakh in the corresponding quarter of last fiscal year to 2 lakh in Q2 of the current fiscal year.
Its earnings from premium (net) have increase from Rs 55.65 crore in Q2 of FY 2074/2075 to Rs 71.99 crore in Q2 of fiscal year 2075/2076. The company has made claim payment (net) of 13.40 crore during the review period.
Its annualized EPS stands at Rs 13.80, the P/E stands at 51.44 and the net worth per share of GLICL stands at Rs 150.10. LTP of GLICL share is Rs 715.
Major Highlights:
|
Particulars (In Rs '000) |
Gurans Life Insurance |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
594,000.00 |
594,000.00 |
0.00% |
|
Reserve and Surplus |
265,216.17 |
213,547.75 |
24.20% |
|
Life Insurance Fund |
4,873,946.94 |
3,560,306.02 |
36.90% |
|
Contingent Fund |
32,362.73 |
26,621.80 |
21.56% |
|
Net Premium |
719,958.08 |
556,514.32 |
29.37% |
|
Income from Investment, Loan and others |
237,513.68 |
182,062.51 |
30.46% |
|
Claim Payment (Net) |
134,034.36 |
64,302.69 |
108.44% |
|
Agent Commission |
88,320.63 |
58,241.76 |
51.64% |
|
Gross Profit |
15,462.12 |
22,225.77 |
-30.43% |
|
Net Profit |
40,995.19 |
38,264.12 |
7.14% |
|
Gross Premium |
6,616,306.00 |
4,950,773.00 |
33.64% |
|
No of Policies |
200,760.00 |
192,468.00 |
4.31% |
|
Annualized EPS (In Rs.) |
13.80 |
12.88 |
7.14% |
|
Net Worth per Share (In Rs.) |
150.10 |
140.43 |
6.88% |
|
PE Ratio |
51.44 |
- |
- |
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