Prime Life Insurance’s EPS declines due to rise in capital; reports increment in profit by 36.26% in the fourth quarter

Prime Life Insurance Company Ltd. (PLIC) has posted a 36.26% increment in its net profit as of the fourth quarter of the fiscal year 2074/75. As per the unaudited quarterly report published by the life insurance company today, its net profit has increased to Rs 21.63 crore – up from Rs 15.87 crore in the corresponding quarter last year.

It has earned Rs 2.21 arba in net premium earnings and has paid claims of Rs 40.56 crore. The company has not been involved in reinsurance. The life insurance company has issued 16,16,174 insurance policies during the fiscal year 2074/75.

With a paid up capital of Rs 1.78 arba , it has a reserve of Rs 96.34 crore and life insurance fund of Rs 6.53 arba.

As of the end of Q4, its EPS stands at Rs 12.12, net worth at Rs 159.14 and P/E ratio at 43.72 times.