Major indicators of Gurans Life Insurance show decent growth in the Q4; net profit stands at Rs.7.64 Crore

Sun, Aug 18, 2019 2:46 PM on Financial Analysis, Latest,

Gurans Life Insurance Company Limited (GLICL) net profit has increased from Rs 4.01 crores in Q4 of FY 2074/75, to Rs 7.64 crore in Q4 of 2075/76.  The net profit figure is without the profit generated from actuarial valuation of assets and liabilities.

Gurans Life Insurance (GLICL) has paid up capital of Rs. 92.94 crores, while the reserves and surplus stood at Rs 27.93 crore. The life insurance fund of the company stands at massive Rs 5.82 arba.

The company’s number of policyholders has increased from 1.98 lakh in the corresponding quarter of the last fiscal year to 2 lakh in Q4 of the current fiscal year.

Its earnings from premium (net) has increased from Rs 1.44 arba in Q4 of FY 2074/2075 to Rs 1.89 arba in Q4 of fiscal year 2075/2076. The company has made claim payment (net) of Rs 34.30 crore during the review period.

Its annualized EPS stands at Rs 8.22, the P/E stands at 56.54 times and the net worth per share of GLICL stands at Rs 133.92.