Life Insurance corporation reported 50.53% increment in Net profit; EPS at Rs. 11.51; Net worth per share at Rs. 143.30
Fri, Feb 12, 2021 9:21 AM on Latest, Company Analysis,
Life Insurance Corporation Nepal Limited (LICN) has reported growth in net profit by 50.53% in Q2. The company reported a net profit of Rs. 11.56 crores compared Rs. 76.84 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. 63.40 Arba. Its life insurance fund increased by 21.52% to Rs. 74.24 Arba and contingent fund stood at Rs. 23.62 crores.
The Gross premium increased by 24.86% to Rs. 9.61 Arba whereas the net premium stood at Rs. 9.56 Arba.
The agent commission increased by 24.52% in this quarter. The number of policies stood at 706,879.
The annualized EPS stood at Rs. 11.51 and net worth per share stood at Rs. 143.30. The company traded at a P/B multiple of 10.32 times.
Major Highlights:
|
Particulars |
Life Insurance Corporation Nepal Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,010,000.00 |
2,010,000.00 |
0.00% |
|
Reserve & Surplus |
634,000.29 |
475,384.58 |
33.37% |
|
Insurance Fund |
74,244,908.81 |
61,097,177.95 |
21.52% |
|
Contingent Fund |
236,283.13 |
236,283.13 |
- |
|
Gross Premium |
9,611,756.37 |
7,697,734.47 |
24.86% |
|
Net Premium |
9,565,281.73 |
7,656,862.62 |
24.92% |
|
Re-Insurance Income |
7,837.83 |
8,131.56 |
- |
|
Income from Investment, Loan and others |
2,625,024.50 |
2,202,130.84 |
19.20% |
|
Claim Payment (Net) |
4,524,301.75 |
1,838,674.77 |
146.06% |
|
Agent Commission |
1,013,525.21 |
813,925.11 |
24.52% |
|
Net Profit |
115,664.96 |
76,840.21 |
50.53% |
|
No. Of Policies |
706,879.00 |
751,503.00 |
-5.94% |
|
Annualized EPS (Rs.) |
11.51 |
7.65 |
- |
|
Net Worth Per Share |
143.30 |
135.41 |
- |
|
Price/Book Ratio (times) |
10.32 |
- |
- |
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