Sanima Life Insurance reports huge growth in premium in Q2; Profitability rises by small margin
Mon, Feb 8, 2021 10:30 AM on Latest, Company Analysis,
Sanima Life Insurance Company Limited (SALICL) has reported fair growth in Q2; with an increase by 15.41%. The company reported a net profit of Rs. 5.54 crores compared Rs. 4.80 crores of the corresponding quarter of previous year.
The paid-up capital of the company stands at Rs. 1.40 Arba and reserve and reserve and surplus stood at Rs. 17.19 crores. Its life insurance fund increased by 143.07% to Rs. 1.63 Arba and contingent fund stood at Rs. 1.89 crores.
The Gross premium increased by 136.34% to Rs. 97.16 crores whereas the net premium stood at Rs. 95.63 crores.
The agent commission increased by 93.25% in this quarter. The number of policies stood at 35,824.
The annualized EPS stood at Rs. 7.93 and net worth per share stood at Rs. 113.64.
Major Highlights:
|
Particulars |
Sanima Life Insurance Company Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,400,000.00 |
1,400,000.00 |
0.00% |
|
Reserve & Surplus |
171,946.63 |
99,508.47 |
72.80% |
|
Insurance Fund |
1,630,702.71 |
670,872.48 |
143.07% |
|
Contingent Fund |
18,980.87 |
11,056.50 |
71.67% |
|
Gross Premium |
971,600.00 |
411,100.00 |
136.34% |
|
Net Premium |
956,343.62 |
407,348.71 |
134.77% |
|
Re-Insurance Income |
0.00 |
0.00 |
- |
|
Income from Investment, Loan and others |
56,686.09 |
20,702.92 |
173.81% |
|
Claim Payment (Net) |
58,234.34 |
830.79 |
6909.51% |
|
Agent Commission |
154,677.23 |
80,039.98 |
93.25% |
|
Net Profit |
55,491.83 |
48,084.36 |
15.41% |
|
No. Of Policies |
35,824.00 |
23,271.00 |
- |
|
Annualized EPS (Rs.) |
7.93 |
6.87 |
- |
|
Net Worth Per Share |
113.64 |
107.90 |
- |
