Reliance Life Insurance Company reports a fall in the net profits for the fourth quarter; significant increase in earnings from premium

Sun, Aug 18, 2019 1:36 PM on Financial Analysis, Latest,
Reliance L...

Reliance Life Insurance Company (RLIL) published their unaudited financial report for the fourth quarter of the current fiscal year 2075/76 today.

The company has reported a net profit of Rs 2.92 crore in this quarter which is a decline from Rs 7.99 crore of the corresponding quarter of FY 2074/75.

The insurance company collected Rs 73.11 crore as earnings from premium in the Q4 of FY 2075/76 with a gigantic increment from last year's corresponding quarter that reported Rs. 8.47 crore.

The paid-up capital of the company is Rs 1.47 arba with Rs 10.66 crore in the reserve and surplus. It has Rs 44.30 crore in the life insurance fund of the company.

The company has been able to issue 15 thousand 602 insurance policies by the fourth quarter of fiscal year 2075/76.