Prime Life Insurance profit upswings by 56.25 % in Q1; Policy holders grew to 6.24 lakhs

Prime Life Insurance Company Limited (PLIC) has reported a massive profit growth of 56.25 percent in the first quarter of the current fiscal year 2072/73. According to the unaudited financial report for the first quarter published today, its net profit surged to Rs.2.64 crore in first quarter as compared to Rs.1.69 crore in the corresponding quarter of the last fiscal year 2071/72. The company’s net earnings from premiums grew to Rs.34.12 crore in Q1 from Rs.28.63 crore in the same quarter last year. It’s paid up capital remains at Rs.48.81 crore. The reserve fund of the company has reached Rs.52.29 crore in Q1 up from Rs.43.98 crore in the previous fiscal year. Likewise, Insurance fund has risen to Rs.2.87 arba from Rs.2.08 arba. Prime life Insurance policy holder has increased to 6.24 lakhs this quarter from 5.47 lakh reported in the same period of last year. Its Earning per Share (EPS) stands at Rs.21.67, net worth per share is at 207.13 and P/E ratio at 61.37 times. Click Here For Announcement