Metlife American Life Insurance reports net profit of Rs 12.74 crore; Earnings from premiums at Rs 2.29 arba

Wed, Feb 12, 2020 2:56 PM on Financial Analysis, Latest, Stock Market,

MetLife American Life Insurance Company (ALICO) has stated Rs 12.74 crore net profit till the second quarter of the fiscal year 2076/77. The profit was Rs 12.50 crore in FY 2075/76 in the same quarter. The net profit figure is without the profit generated from the actuarial valuation of assets and liabilities.

The company’s earnings from premium rose to Rs 2.29 arba in Q2 from Rs 1.86 arba in the corresponding quarter of FY 2075/76. The reserve fund of the company has also increased to Rs 2.21 arba from the corresponding year’s 1.63 arba.

Further, the company’s life insurance fund has also increased to Rs 17.48 arba from Rs 15.73 arba in the corresponding quarter of the previous year. The total number of policies in force is 12 lakh 49 thousand 498.

Second Quarter Report