Major highlights of Gurans Life, IME Life and Sanima Life Insurance based on their Q4 report
Thu, Aug 16, 2018 11:46 AM on Financial Analysis, Latest, Stock Market,
Gurans Life Insurance Company (GLICL) has published its unaudited financial report for the fourth quarter of the fiscal year 2074/75. The life insurance company has witnessed a rise of 36.80% in its net profit.
The net profit of GLICL has reached to Rs 5.72 crore in the fourth quarter which was Rs 4.18 crore in the corresponding quarter of the FY 2073/74.
The company has garnered Rs 1.45 arba as the earnings from premium in the Q4 of the current year which was Rs 1.13 in the corresponding quarter.
The life insurance fund of GLICL stands at Rs 4.27 arba.
The paid up capital of the company is Rs 59.40 crore with Rs 24.59 crore in reserve.
After the adjustment of 50% aright shares, the paid-up capital of the company will reach Rs 89.10 crore.
EPS of the life insurance company stands at Rs 9.63 and Net worth per share stands at Rs 146.49.
IME Life Insurance Company Limited has published fourth quarter report of the FY 2074/75.
As per the report published by the insurance company, it has posted net profit of Rs 9.86 crore till the end of Q4 which was Rs 10.50 crore in the previous quarter i.e. Q3 FY 2074/75.
It has collected net insurance premium of Rs 49.95 crore.
Its current paid up capital stands at Rs 1.40 arba. The company’s reserve amounts to Rs 9.84 crore and life insurance fund amounts to Rs 21.03 crore.
Till date, 46,929 policies have been sold by the company.
Its EPS stands at Rs 7.05 and net worth per share stands at Rs 107.81.
Sanima Life Insurance Company Limited has reported a profit of Rs 6.33 crore for the Q4 of FY 2074/75.
The earnings from premium of the company amounted to Rs 9.35 crore in the last quarter which was Rs 2.46 crore in the third quarter of the current year.
The paid up capital of the company stands at Rs 1.40 arba and its reserve amounts to Rs 6.15 crore. It is still short of Rs 60 crore to maintain the paid up capital as directed by the Insurance Board.
The company has maintained Rs 5.11 crore in its Life Insurance Fund.
The insurance company has authorized and issued capital of Rs 3 arba and Rs 2 arba respectively. Out of Rs 2 arba issued capital, the company has separated Rs 1.40 arba paid up capital. In the upcoming days, the company will issue 30% or Rs 60 crore as IPO and maintain its paid up capital up to Rs 2 arba.
