Jyoti Life Insurance reports massive increment in business volume in Q3; net profit rises by small margin
Mon, Apr 26, 2021 7:11 AM on Latest, Company Analysis,
Jyoti Life Insurance Company Limited (JLI) has reported growth in net profit by 4.89% in Q3. The company reported a net profit of Rs. 12.07 crores compared to Rs. 11.51 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stands at Rs. 2.20 Arba and reserve and reserve and surplus stood at Rs. 60.04 crores. Its life insurance fund increased by 148.95% to Rs. 3.49 Arba and contingent fund stood at Rs. 6.67 crores.
The Gross premium increased by 100.04% to Rs. 2.28 Arba whereas the net premium stood at Rs. 2.21 Arba.
The agent commission increased by 85.98% in this quarter. The company's net claim payment increased by 1584.63% to Rs 6.49 crores till Q3. The number of policies stood at 25,150.
The annualized EPS stood at Rs. 7.32 and net worth per share stood at Rs. 130.33. The company traded at a P/B multiple of 3.94 times.
Major Highlights:
|
Particulars |
Jyoti Life Insurance Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,200,000.00 |
1,540,000.00 |
42.86% |
|
Reserve & Surplus |
600,487.30 |
373,945.17 |
60.58% |
|
Insurance Fund |
3,496,791.50 |
1,404,589.72 |
148.95% |
|
Contingent Fund |
66,720.81 |
41,549.46 |
60.58% |
|
Gross Premium |
2,286,990.00 |
1,143,282.00 |
100.04% |
|
Net Premium |
2,210,977.51 |
1,100,174.90 |
100.97% |
|
Re-Insurance Income |
- |
- |
- |
|
Income from Investment, Loan, and others |
196,356.54 |
89,252.86 |
120.00% |
|
Claim Payment (Net) |
64,927.86 |
3,854.13 |
1584.63% |
|
Agent Commission |
340,552.61 |
183,109.69 |
85.98% |
|
Net Profit |
120,771.82 |
115,142.75 |
4.89% |
|
No. Of Policies |
25,150.00 |
14,418.00 |
74.43% |
|
Annualized EPS (Rs.) |
7.32 |
9.97 |
- |
|
Net Worth Per Share |
130.33 |
126.98 |
- |
|
Price/Book Ratio (times) |
3.94 |
- |
- |
