National Life insurance reports a fair growth in major indicators in Q4 despite economic distress; Net Premium rises by 16.84%
Sun, Aug 16, 2020 10:19 AM on Latest, Company Analysis,
National Life Insurance Company Limited (NLICL) has published its fourth-quarter report of fiscal year 2076/2077 with an increase in Net Profit by 16.32%. The company’s earnings increased to Rs. 39.12 crore in this quarter from Rs. 33.63 crore in the corresponding quarter of the previous year.
As per the unaudited report for the fourth quarter published today, National Life has a paid-up capital of Rs. 3.08 Arba with a reserve of Rs. 1.03 Arba. The reserve and surplus of the company increased by 12.79% in the fourth quarter of FY 2076/2077.
The company has Rs. 33.72 Arba in life insurance fund and Rs. 27.89 crore in the contingent fund.
The Net Premium rose by 16.84% to Rs. 9.11 Arba till Q4 of FY 2076/2077 from Rs. 7.90 Arba in the corresponding quarter of the previous fiscal year. The company has earned Rs. 2.48 Arba from income from investment, loans, and other headings and Rs. 4.46 crore from Reinsurance income.
The company’s Net claim increased by 10.55% to Rs. 2.76 Arba till Q4. The company’s number of policies stood at 810,832 till Q4 of FY 2076/2077.
Its earnings per share (EPS) stood at Rs. 16.92 whereas Net worth per share stood at Rs. 133.61. The company traded at a P/E multiple of 39.12 times.
Major Highlights:
* net profit figure is without the profit generated from the actuarial valuation of assets and liabilities. Hence, EPS, Networth, and PE might be changed accordingly.
|
Particulars ('000) |
National life Insurance Company limited |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
3,082,626.54 |
3,007,440.53 |
- |
|
Reserves & Surplus |
1,036,181.77 |
918,658.49 |
12.79% |
|
Life insurance Fund |
33,721,610.73 |
27,190,832.79 |
24.02% |
|
Contingent Fund |
278,924.45 |
216,973.42 |
28.55% |
|
Net Premium |
9,114,079.93 |
7,800,246.69 |
16.84% |
|
Re-insurance income |
44,658.99 |
38,221.20 |
- |
|
Income from investment, loan and others |
2,487,772.72 |
2,098,580.95 |
18.55% |
|
Claim Payment (Net) |
2,764,570.92 |
2,500,630.47 |
10.55% |
|
Agent Commission |
911,912.17 |
838,797.34 |
8.72% |
|
Gross Profit |
226,760.10 |
267,766.83 |
-15.31% |
|
Transferred to life insurance fund |
7,009,499.05 |
5,718,233.77 |
22.58% |
|
Net Profit |
391,229.13 |
336,338.00 |
16.32% |
|
No. of Policies |
810,832 |
721,008 |
12.46% |
|
EPS (Rs.) |
16.92 |
11.18 |
51.34% |
|
Net worth per share (Rs.) |
133.61 |
137.75 |
-3.01% |
|
Qtr End P/E ratio |
39.12 |
- |
- |
|
Qtr End Price |
662 |
- |
- |
|
Price to book ratio (P/B) |
4.95 |
- |
- |
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