National, Asian & Gurans Life Ins. earns Rs 7.92 crore, 1.53 crore & 96.41 lakh respectively in Q2

National Life Insurance Company Limited (NLICL) has reported negligible profit growth of 1.21% for the second quarter of the fiscal year 2072/73. As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.7.92 crore in the Q2 of current fiscal year, up from Rs.7.82 crore in the corresponding period last year. The company’s net earnings from premiums rose to Rs.1.45 arba in the current quarter from Rs.1.27 arba in the same quarter last year. NLICL has a paid up capital of Rs.1.01 arba. The reserve fund of the company decreased to Rs.38.13 crore in Q2 from Rs.43.59 crore as in the corresponding quarter previous fiscal year. Meanwhile, its insurance fund increased to Rs.13.09 arba from Rs.10.92 arba. The company’s number of policy holders has risen to 3.30 lakhs this quarter compared to 2.99 lakh as in the same period last year. National Life’s earning per share (EPS) stands at Rs.31.09, net worth per share at Rs.142.22 and P/E ratio at 83.42 times. Likewise, Asian Life Insurance Company Limited (ALICL) has posted 23.75% rise in profit for the second quarter of the fiscal year 2072/73. As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs. 1.53 crore in the Q2 of current fiscal year, up from Rs 1.23 crore in the corresponding period last year. The company’s net earnings from premiums rose to Rs. 92.67 crore from Rs.77.68 arba. ALICL has a paid up capital of Rs.67.13 crore in Q2. The reserve fund of the company has decreased to Rs. 18.72 crore in Q2 up from Rs.28.64 crore in the same quarter previous fiscal year. Meanwhile, the company’s insurance fund has risen to Rs.6.77 arba from Rs.5.18 arba. The company’s number of policy holders has risen to 2.07 lakhs this quarter compared to 1.93 lakh reported in the same period last year. Asian Life’s (EPS) stands at Rs.4.57, net worth per share is at Rs.127.90 and P/E ratio at 278.91 times.   Meanwhile, Gurans Life Insurance Company Limited (GLICL) has reported 30.11 percent decline in net profit in the second quarter of the current fiscal year 2072/73. According to the unaudited financial report for the second quarter published today, the life insurance has stated that its net profit decrease to Rs 96.41 lakh in second quarter as compared to Rs 1.37 crore in the corresponding quarter of the fiscal year 2071/72. The company’s net earnings from premiums grew to Rs 33.12 crore in Q2 from Rs 22.32 crore in the same quarter last year. The insurance company has paid up capital of Rs 50 crore. Its reserve fund has reached 17.50 crore in Q2, up from Rs 15.51 crore in the previous fiscal year. GLICL policy holder has increased to 94.60 thousand in this quarter from 48. 13 thousand reported in the same period of last year. Gurans Life Insurance EPS stand at Rs 3.86, P/E ratio is at 174.50 times and net worth per share at Rs 135.02.