Prime Life Insurance reports 72% rise in net profit of Q2 2076/77; Annualized EPS of Rs 15.54
Wed, Feb 5, 2020 11:49 AM on Financial Analysis, Latest, Stock Market,
Prime Life Insurance Company Limited (PLIC)'s net profit has increased by 72.38% in the second quarter of the fiscal year 2076/77. The company earnings have increased from Rs 9.05 crore to Rs 15.60 crore in Q2 of the FY 2076/77.
As per the unaudited report for the second quarter published today, PLIC has a paid-up capital of Rs 2 arba with a reserve of Rs 1.04 arba.
The company has Rs 10.13 arba in life insurance fund and Rs 12.89 crore in the contingent fund.
The net earnings from premium rose to Rs 1.58 arba till Q2 of FY 2076/77 from Rs 1.22 arba in the corresponding quarter of the last fiscal year. The company has earned Rs 43.58 crore from investment, loans and other headings.
The company net claim payment rises to Rs 30.37 crore till Q2. The company’s number of policyholders decreased from 4.86 lakh in the corresponding quarter to 3.30 lakh in Q2.
It's annualized EPS and net worth per share stands at Rs 15.54 and Rs 158.46. The P/E ratio of the company according to the report is at 26.70 times.
