Life Insurance Corporation reports net profit of Rs 10.91 crore; profit from actuary valuation yet to be added

Thu, Aug 16, 2018 5:27 PM on Company Analysis, Latest,

The unaudited report for the fourth quarter report for the FY 2074/75 has been published today. According to it, LICN’s net profit stands at Rs 10.91 crore as compared to Rs 48.29 crore in corresponding quarter of last FY. Note that the current year net profit excludes the profit that the LICN’s will earn after actuary valuation of life Insurance fund. But the figure of the corresponding quarter is an audited one, and going by the profit posted by LICN for the past three quarter as well as the company’s life insurance fund which has drastically increased by the fourth quarter, the audited profit figure for the fourth quarter will be much higher – higher than the previous fiscal year’s net profit. The net profit for second quarter has gone up by 600% and for third quarter has gone up by 100%.

The number of policies has increased to 7.35 lakh units, up from 6.68 lakh units.

LICN’s EPS is Rs 8.17  (income from actuary valuation of Life Insurance Fund is Excluded), P/E ratio stands at 198.47 times and net worth per share at Rs 159.03.

The company paid up capital  stands  at Rs 1.33 arba. Recently LICN has declared 36% bonus share from the profit it earned in 73/74 FY.

Fourth quarter report