See how Asian Life, Surya Life and Gurans Life Insurance companies performed in the third quarter of FY 2075/76

Asian Life Insurance Company Limited (ALICL) has posted a net profit of Rs. 5.44 crore till the third quarter of 2075/76 fiscal year.

Note that the current year net profit excludes the profit that the ALICL's will earn after actuary valuation of life Insurance fund. So the profit earned from actuary valuation will change the figure of net profit and its net worth.

It has earned a net profit of Rs 5.44 crore in this quarter up from Rs 3.32 crore in the corresponding period of last fiscal year.

As per the unaudited report for the third quarter published today, earning from premium has increased from Rs  2.66 arba in third quarter of FY 2074/75 to Rs 3.65 arba in this quarter. 

ALICL has life insurance fund of Rs 15.78 arba. It's paid up capital stands at Rs 1.25 arba with a reserve of Rs 28.34 crore. The company has recently closed issue of 60% right share of worth Rs 75.40 crore, after this the paid up capital will reach approx Rs 200 crore.

Asian Life’s earning per share stands at Rs 5.77, net worth per share is at Rs. 122.56 and P/E ratio stands at 70.85 times.

Announcement

Surya Life Insurance Company Limited (SLICL) has published its unaudited third quarterly report for the FY 2075/76 today.

Note that the current year net profit excludes the profit that the SLICL's will earn after actuary valuation of life Insurance fund. So the profit earned from actuary valuation will change the figure of net profit and its net worth.

It has reported a net profit of Rs 13.71 crore in the third quarter of the 2075/756 which was Rs 9.77 crore in the corresponding quarter of FY 2074/75.

The company collected Rs 1.49 arba as net earnings from premium in the Q3 which is an increment from the corresponding quarter of Rs. 1.04 arba. The life insurance fund of the company is Rs 4.64 arba.

The paid-up capital of the company stands at Rs 1.13 arba with Rs 45.47 crore in the reserve. SLICL has recently declared 12% bonus shares worth Rs.13.58 Crore to the shareholders from the profits of FY 74/75. Also, will issue 70% right share on its existing Rs 1.13 arba paid up capital of worth Rs 79.23 crores. After the adjustment of both right and bonus share the paid up capital of the insurance company will reach Rs 205 crores.

The EPS of SLICL stands at Rs 16.15 and Net worth per share at Rs 146.34. Also, the P/E ratio of the life insurance company is 32.50 times. 

Announcement

Gurans LIfe Insurance Company Limited (GLICL) net profit has slightly increased from Rs 4.01 crores in Q3 of FY 2074/75, to Rs 5.65 crore in Q3 of 2075/76. Note that the current year net profit excludes the profit that the GLICL’s will earn after actuary valuation of life Insurance fund. So the profit earned from actuary valuation will change the figure of net profit and its net worth.

Gurans Life Insurance (GLICL) has paid up capital of Rs. 64.15 crores, while the reserves and surplus stood at Rs 23.1 crore. The company is issuing 50% right shares to its shareholders, after this the paid up capital will reach Rs 94 crores.

The company’s number of policyholders has increased from 2.04 lakh in the corresponding quarter of the last fiscal year to 2.11 lakh in Q3 of the current fiscal year.

Its earnings from premium (net) has increased from Rs 88.79 crore in Q3 of FY 2074/2075 to Rs 1.12 arba in Q3 of fiscal year 2075/2076. The company has made claim payment (net) of 21.65 crore during the review period.

Its annualized EPS stands at Rs 11.76, the P/E stands at 43.70 times and the net worth per share of GLICL stands at Rs 141.41. 

Announcement