Surya Life Insurance registers Rs 20.86 core as net profit for Q4 of 2075/76; Net premium worth Rs 2.48 arba collected
Mon, Aug 19, 2019 3:12 PM on Financial Analysis, Latest,
Surya Life Insurance Company Limited (SLICL) has published its unaudited fourth 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 20.86 crore in the fourth quarter of the 2075/756 which was Rs 12.12 crore in the corresponding quarter of FY 2074/75.
The company collected Rs 2.48 arba as net earnings from premium in the Q4 which is an increment from the corresponding quarter of Rs. 1.66 arba.
The paid-up capital of the company stands at Rs 1.26 arba with Rs 41.02 crore in the reserve. The life insurance fund of the company is Rs 5.25 arba. SLICL will soon issue 70% right share to its shareholders.
The EPS of SLICL stands at Rs 16.46 and Net worth per share at Rs 138.49. Also, the P/E ratio of the life insurance company is 27.71 times.