Surya Life Insurance profit rises by 36.14% in Q3; Net premium rises by 18.24% to Rs 1.77 arba
Sun, May 17, 2020 9:14 AM on Financial Analysis, Latest,
Surya Life Insurance Company Limited (SLICL) has earned net profit of Rs 18.67 crore till the third quarter of FY 2076/77. In the previous year of the same quarter, the net profit stands at Rs 13.71 crore.
As per the unaudited report for the third quarter published today, the net earnings from premium rose by 18.24% to Rs 1.77 arba till Q3 from Rs 1.49 arba in the corresponding quarter of last FY 2075/76.
The company has made a claim payment (net) of Rs 25.85 crore till Q3 which is an increment of 77.22%; same figure stood at Rs 14.58 crore in corresponding quarter last FY.
SLICL's has a paid-up capital of Rs 2.15 arba with a reserve of Rs 60.02 crore. Likewise, the company’s life insurance fund has increased by 42.87% to Rs 6.64 arba from Rs 4.6 arba in the corresponding quarter.
Its annualized EPS stands at Rs 11.55, net worth per share at Rs 132.57 and quarter end P/E ratio at 32.64 times.
Major Highlights:
* net profit figure is without the profit generated from actuarial valuation of assets and liabilities.
|
Particulars (In Rs '000) |
Surya Life Insurance |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Paid Up Capital |
2,155,138.00 |
1,131,900.00 |
90.40% |
|
Reserve and Surplus |
600,256.00 |
457,470.00 |
31.21% |
|
Life Insurance Fund |
6,640,256.00 |
4,647,673.00 |
42.87% |
|
Contingent Fund |
101,688.00 |
67,018.00 |
51.73% |
|
Net Premium |
1,770,275.00 |
1,497,138.00 |
18.24% |
|
Re-Insurance Income |
0.00 |
0.00 |
|
|
Income from Investment, Loan and others |
478,914.00 |
306,060.00 |
56.48% |
|
Claim Payment (Net) |
258,526.00 |
145,881.00 |
77.22% |
|
Agent Commission |
222,722.00 |
191,786.00 |
16.13% |
|
Gross Profit |
119,099.00 |
101,415.00 |
17.44% |
|
Transferred to Life Insurance Fund |
1,415,049.00 |
1,084,120.00 |
30.53% |
|
Net Profit |
186,709.00 |
137,142.00 |
36.14% |
|
No of Policies |
423,061.00 |
378,009.00 |
11.92% |
|
Annualized EPS (In Rs.) |
11.55 |
16.15 |
-28.50% |
|
Net Worth per Share (In Rs.) |
132.57 |
146.34 |
-9.41% |
|
PE Ratio |
32.64 |
- |
- |
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