Sanima Life Insurance and IME Life Insurance publish satisfactory results for the second quarter; paid up capital of both companies stands at Rs.1.40 Arba
Tue, Feb 12, 2019 1:13 PM on Financial Analysis, Latest, Stock Market,
IME Life Insurance Company Limited posted decent growth in the second quarter report for the year 75/76. The paid up capital stands at Rs.1.40 Arba. The reserves of the company went up from Rs.6.53 Crore to Rs.14.43 Crore, marking an increase of 120%. The company created life insurance fund worth Rs.33.66 Crore.
The net profits of the company stands at Rs.6.22 Crore by the end of the second quarter. Earnings from premium grew from Rs.10.36 Crore to Rs.27.36 Crore. Number of insurance policies stands at 15,582 policies. The company posted EPS of Rs.8.89 and net worth per share of Rs.111.45.
Highlights
|
Particulars (In Lakhs) |
Q2 75/76 |
Q2 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
14,000.00 |
14,000.00 |
0.00% |
|
Reserve & Surplus |
1,443.11 |
653.07 |
120.97% |
|
Life Insurance Fund |
3,366.16 |
251.54 |
1238.22% |
|
Earnings from Premium |
2,736.91 |
1,036.36 |
164.09% |
|
Net Profit |
622.10 |
618.01 |
0.66% |
|
EPS (In Rs.) |
8.89 |
8.86 |
0.34% |
|
Net Worth per Share (In Rs.) |
111.45 |
106.98 |
4.18% |
|
Total Inforce Policy count (No.) |
15,582 |
10,970 |
42.04% |
In its short period of operation, Sanima Life Insurance Company Limited published the following results for the second quarter of fiscal year 75/76. The paid up capital of the company stands at Rs.1.40 Arba. The company has Rs.10.42 Crore in its reserves and life insurance fund stands at Rs.14.33 Crore.
The company posted earnings of Rs.16.84 Crore through means of premium. Net profit by the end of the second quarter stands at Rs.4.89 Crore. The company currently has 11,016 inforce policies.
Highlights
|
Particulars (In Lakhs) |
Q2 75/76 |
Q2 74/75 |
|---|---|---|
|
Paid Up Capital |
14,000.00 |
14,013.16 |
|
Reserve & Surplus |
1,042.16 |
342.59 |
|
Life Insurance Fund |
1,433.19 |
- |
|
Earnings from Premium |
1,684.23 |
16.32 |
|
Net Profit |
489.80 |
360.51 |
|
Total Inforce Policy count (No.) |
11,016 |
25 |
