Surya Life insurance reports huge growth in business volume in Q2; Annualized EPS at Rs. 18.68
Wed, Feb 10, 2021 8:44 AM on Latest, Company Analysis,
Surya Life Insurance Company Limited (SLICL) has reported growth in net profit by 32.44% in Q2. The company reported a net profit of Rs. 20.12 crores compared Rs. 15.19 crores of the corresponding quarter of previous year.
The paid-up capital of the company stands at Rs. 2.15 Arba and reserve and reserve and surplus stood at Rs. 72.00 crores. Its life insurance fund increased by 49.45% to Rs. 9.28 Arba and contingent fund stood at Rs. 12.94 crores.
The Gross premium increased by 77.65% to Rs. 2.32 Arba whereas the net premium stood at Rs. 2.28 Arba.
The agent commission increased by 144.58% in this quarter. The number of policies stood at 201,272.
The annualized EPS stood at Rs. 18.68 and net worth per share stood at Rs. 139.42. The company traded at a P/B multiple of times.
Major Highlights:
|
Particulars |
Surya Life Insurance Company Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,155,138.00 |
2,155,138.00 |
0.00% |
|
Reserve & Surplus |
720,080.00 |
568,994.00 |
26.55% |
|
Insurance Fund |
9,288,123.00 |
6,214,949.00 |
49.45% |
|
Contingent Fund |
129,424.00 |
98,214.00 |
31.78% |
|
Gross Premium |
2,322,032.00 |
1,307,118.00 |
77.65% |
|
Net Premium |
2,288,453.00 |
1,286,398.00 |
77.90% |
|
Re-Insurance Income |
0.00 |
0.00 |
- |
|
Income from Investment, Loan and others |
374,940.00 |
286,241.00 |
30.99% |
|
Claim Payment (Net) |
355,933.00 |
145,531.00 |
144.58% |
|
Agent Commission |
258,202.00 |
163,652.00 |
57.78% |
|
Net Profit |
201,272.00 |
151,974.00 |
32.44% |
|
No. Of Policies |
326,496.00 |
442,885.00 |
- |
|
Annualized EPS (Rs.) |
18.68 |
14.10 |
- |
|
Net Worth Per Share |
139.42 |
130.96 |
- |
|
Price/Book Ratio (times) |
5.35 |
- |
- |
