Surya Life Insurance Profit Declines by 38.46% in Q3; EPS at Rs.7.88
Thu, May 12, 2022 4:04 PM on Latest, Financial Analysis, Stock Market,
Surya Life Insurance Company Limited (SLICL) has earned net profit of Rs 15.06 crore till the third quarter of FY 2078/79. In the previous year of the same quarter, the net profit stands at Rs 24.4 crore. The net profit decline by 38.46% in this quarter.
As per the unaudited report for the third quarter published today, the earnings from premium rose by 10.90% to Rs 3.58 arba till Q3 from Rs 3.23 arba in the corresponding quarter of last FY 2077/78.
The company has made a claim payment of Rs 72.09 crore till Q3 which is an increment of 41.96%; same figure stood at Rs 50.7 crore in corresponding quarter last FY.
SLICL's has a paid-up capital of Rs 2.55 arba with a reserve of Rs 59.4 crore. Likewise, the company’s life insurance fund has increased by 33.37% to Rs 13.35 arba from Rs. 10.01 arba in the corresponding quarter.
Its annualized EPS stands at Rs 7.88, net worth per share at Rs 120.31 and quarter end P/E ratio at 84.15 times.
Major financial highlights
| Particulars (In Rs '000") | Surya Life Insurance | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 2,550,282 | 2,262,895 | 12.70% |
| Reserve and Surplus | 594,687 | 767,048 | -22.47% |
| Insurance Fund | 13,355,888 | 10,013,868 | 33.37% |
| Contingent Fund | 152,839.00 | 138,378.00 | 0.00% |
| Net Premium | 3,583,644 | 3,231,392 | 10.90% |
| Re-Insurance Commission Income | |||
| Income from Investment, Loan and others | 718,037 | 615,912 | 16.58% |
| Income from loan secured by Insurance Policy | 102,450 | 73,161 | 40.03% |
| Claim Payment (Net) | 720,993 | 507,874 | 41.96% |
| Agent Commission | 452,561 | 362,534 | 24.83% |
| Net Profit | 150,695 | 244,876 | -38.46% |
| Total premium earned this year (Rs) | 3,673,698 | 3,281,848 | 11.94% |
| No of Policies | 381,877 | 332,604 | 14.81% |
| EPS (In Rs.) | 7.88 | 14.43 | -45.40% |
| Net Worth per Share (In Rs.) | 120.31 | ||
| Qtr End PE Ratio | 84.15 | - | - |
| Qtr End Market Price | 663.00 | - | - |
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