Prabhu Life reports massive increment in business volume in Q3; Look at the major highlights

Thu, May 6, 2021 7:46 AM on Latest, Financial Analysis,

Prabhu Life Insurance Company (PLI) has published its unaudited third quarterly report for the FY 2077/78. It has reported a net profit of Rs. 13.78 Crore till this quarter which was Rs. 5.55 Crore in the corresponding quarter of FY 2076/77. This is an increment of 148.34% compared to the corresponding quarter of the previous year.

The net earnings from a premium of Prabhu Life amount to Rs. 1.08 Arba which stood at Rs. 50.48 Crore in last year's corresponding quarter.

PLI has an insurance fund of Rs. 1.76 Arba and contingent fund of Rs. 2.57 crores.

The paid-up capital of the company stood at Rs. 2.00 Arba and reserve and surplus stood at Rs. 36.60 crores.

PLI reported an annualized EPS of Rs. 9.19 and net worth per share of Rs. 119.59. The company traded at a P/B ratio of 6.69 times.

Click here for the Q3 report

Major Highlights:

Particulars

Prabhu Life Insurance Limited

Q3, 2077/2078

Q3, 2076/2077

Difference

Paid-Up Capital

2,000,000.00

1,400,000.00

42.86%

Reserve & Surplus

366,064.17

158,847.17

130.45%

Insurance Fund

1,765,802.36

626,172.72

182.00%

Contingent Fund

25,771.09

13,711.28

87.96%

Gross Premium

1,130,994.00

521,095.00

117.04%

Net Premium

1,088,460.82

504,844.83

115.60%

Re-Insurance Income

-

-

-

Income from Investment, Loan and others

185,952.79

45,708.63

306.82%

Claim Payment (Net)

53,419.02

4,223.18

1164.90%

Agent Commission

171,536.89

90,108.05

90.37%

Net Profit

137,838.19

55,504.23

148.34%

No. Of Policies

107,316.00

48,134.00

122.95%

Annualized EPS (Rs.)

9.19

5.29

-

Net Worth Per Share

119.59

112.33

-

Price/Book Ratio (times)

6.69

-

-