Three life insurance companies publish Q1 report: Surya, Gurans and Asian Life Insurance Company

Mon, Nov 18, 2019 1:50 PM on Financial Analysis, Latest,

Surya Life Insurance Company Limited (SLICL) has published its unaudited first quarterly report for the FY 2076/77. It has reported a net profit of Rs.7.87 Crore in the first quarter of the 2076/77 which was Rs.6.32 Crore in the corresponding quarter of FY 2075/76.

The company collected Rs.57.91 Crore as net earnings from premium in the Q1 which is an increment from the corresponding quarter of Rs.41.19 Crore.

The paid-up capital of the company stands at Rs.1.26 Arba with Rs.52.93 Crore in the reserve. The life insurance fund of the company is Rs.5.69 Arba.

The annualized EPS of SLICL stands at Rs.24.86 and Net worth per share at Rs.148.93. Also, the P/E ratio of the life insurance company is 10.38 times.

Gurans Life Insurance Company Limited (GLICL) net profit has increased from Rs.2.43 Crores in Q1 of FY 2075/76, to Rs.3.19 Crore in Q1 of 2076/77. 

Gurans Life Insurance (GLICL) has paid up capital of Rs.93.85 Crores, while the reserves and surplus stood at Rs.30.98 Crore. The life insurance fund of the company stands at Rs.6.23 Arba.

Its earnings from premium (net) has increased from Rs.35.45 Crore in to Rs.44.85 Crore in Q1 of fiscal year 2076/77. The company has made claim payment (net) of Rs.7.50 Crore during the review period.

Its annualized EPS stands at Rs.13.62, the P/E ratio stands at 26.29 times and the net worth per share of GLICL stands at Rs.137.18. 

Asian Life Insurance Company Limited (ALICL) has posted a net profit of Rs.4.02 Crore till the first quarter of 2076/77 fiscal year. The figure stood at Rs.1.69 Crore in the corresponding quarter of the previous year.

Earning from premium has increased from Rs.62.24 Crore to Rs.88.86 Crore in the first quarter of the current year.  ALICL has life insurance fund of Rs.17.94 Arba. It's paid up capital stands at Rs.2.01 Arba with a reserve of Rs.40.54 Crore.

Asian Life’s earning per share stands at Rs.8, net worth per share is at Rs.122.31 and P/E ratio stands at 39.73 times.

Note that the stated net profits exclude the profit that the companies will earn after actuary valuation of life Insurance fund done at the end of the year. So the profit earned from actuary valuation will change the figure of net profit and its net worth.