Prime Life Insurance shows decent growth in the third quarter; Profit increase by 33.23 percent to Rs 14.31 crore
Sun, Apr 29, 2018 6:07 AM on Financial Analysis, Latest, Stock Market,
Prime Life Insurance Company Ltd. (PLIC) has posted a 33.23% Increment in its net profit as of the third quarter of the ongoing fiscal year 2074/75. As per the unaudited quarterly report published by the life insurance company today, its net profit has increased to Rs 14.31 crore – up from Rs 10.74 crore in the corresponding quarter last year.
It has earned Rs 1.45 arba in net premium earnings and has paid claims of Rs 24.81 crore.
With a paid up capital of Rs 61.02 crore , it has a reserve of Rs 94.82 crore and insurance fund of Rs 5.98 arba.
As of the end of Q2 this year, its annualized EPS stands at Rs 31.28, net worth at Rs 269.31 and P/E ratio at 20.43 times.
