Metlife, Union Life Insurance and Asian Life Insurance publish Q2 report for FY 2074/75

MetLife American Life Insurance Company has stated rise in net profit by 4.92% in the second quarter of the FY 2074/75. As per the unaudited report for the second quarter, the insurance company reported net profit of Rs 11.29 crore in Q2 of fiscal year 2074/75, up from Rs 10.76 crore of the corresponding fiscal year. The company’s earnings from premium rose to Rs 17.25 crore in Q2 from Rs 14.63 crore in the corresponding quarter. The reserve fund of the company has also inclined to Rs 1 arba from the corresponding year’s 99.33 crore. The company’s insurance fund has also increased to Rs 13.98 arba from Rs 11.97 arba in the corresponding quarter of the previous year. Metlife American Insurance Company will be issuing its IPO for the general public in the coming days. Q2 report Similarly, Union Life Insurance Company Limited (ULICL) has also published its unaudited financial report for the second quarter of the FY 2074/75. The life insurance company has reported a net profit of Rs 5.49 crore in the second quarter of the current year. The company has stated it earnings from premium as Rs 20.45 crore.   The IPO worth Rs 64.50 crore will be issued at face value of Rs 100 per share to the general public.. After the IPO, its paid-up capital will reach Rs 2.15 arba with promoter-general public shareholding structure at 70%-30%. The paid up capital of the company is RS 1.50 arba and the reserve fund of the company stands at Rs 6.18 crore. The company’s insurance fund is reported as Rs 9.78 crore. Q2 Report Likewise, Asian Life Insurance Company Limited (ALICL) has also released its second quarter financial report for the FY 2074/75. The life insurance company has posted a net profit of Rs 2.58 crore which was Rs 2.08 crore in the corresponding quarter of the previous year. Earnings from premium of the insurance company has also reached Rs 1.21 arba, up from Rs 1.01 arba of the corresponding quarter. The paid up capital of the insurance company is Rs 80.55 crore and Rs 25.43 crore remains in the reserve. The company’s insurance fund is reported as Rs 11.32 arba. Q2 Report