Reliance Life Insurance Reports Satisfactory Growth In Major Profitability Indicators In Q2
Thu, Feb 10, 2022 9:01 AM on Latest, Financial Analysis,
Reliance Life Insurance Limited (RLI) has published its second-quarter report of the fiscal year 2078/2079 with an increase in Net Profit by a 31.32% compared to the corresponding quarter of the previous year. The company’s net earnings increased to Rs. 7.60 crore in this quarter from Rs. 5.78 crore in the corresponding quarter.
As per the unaudited report for the second quarter published today, Reliance Life has a paid-up capital of Rs. 2.1 Arba with a reserve of Rs. 18.17 crores.
The company has Rs. 3.36 Arba in life insurance fund and Rs. 3.24 crore in the contingent fund.
The Net Premium rose by 22.28% to Rs. 1.35 Arba in FY 2078/2079 from Rs. 1.10 Arba in the corresponding quarter of the previous year. The company has earned Rs. 13.27 crores from income from investment, loans, and other headings.
The company’s Net claim increased to Rs. 28.63 crore in this quarter. The company’s number of policies stood at 169,600 till Q2 of 2078/2079.
Its annualized earnings per share (EPS) stood at Rs. 7.24 whereas Net worth per share stood at Rs. 110.20.
Major Highlights:
|
Particulars |
Reliance Life Insurance Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2078/2079 |
Difference |
|
|
Paid-Up Capital |
2,100,000.00 |
2,100,000.00 |
0.00% |
|
Reserve & Surplus |
181,753.00 |
198,544.00 |
-8.46% |
|
Insurance Fund |
3,369,264.00 |
1,799,153.00 |
87.27% |
|
Contingent Fund |
32,476.00 |
22,060.00 |
- |
|
Gross Premium |
1,440,091.00 |
1,153,641.00 |
24.83% |
|
Net Premium |
1,356,951.00 |
1,109,678.00 |
22.28% |
|
Income from Investment, Loan and others |
132,744.00 |
81,685.00 |
62.51% |
|
Claim Payment (Net) |
286,363.00 |
140,294.00 |
104.12% |
|
Agent Commission |
237,758.00 |
198,875.00 |
19.55% |
|
Net Profit |
76,034.00 |
57,899.00 |
31.32% |
|
No. Of Policies |
169,600.00 |
8,391.00 |
1921.21% |
|
Annualized EPS (Rs.) |
7.24 |
5.51 |
- |
|
Net Worth Per Share |
110.20 |
110.50 |
- |
|
Price/Book Ratio (times) |
5.07 |
- |
- |
