Union Life Insurance earns Rs 2.37 arba as net premium; Net profit till Q2 at Rs 22.38 crore

Mon, Feb 10, 2020 10:57 AM on Financial Analysis, Latest, Stock Market,

Union Life Insurance Company Limited posted a net profit of Rs.22.38 Crore in the second quarter of the fiscal year 2076/77, up from Rs.6.16 Crore in the corresponding period of last fiscal year.

The paid-up capital of the company remains unchanged at Rs.1.50 Arba. The reserves stand at Rs.56.26 Crore while the life insurance fund stands at Rs.3.37 Arba.

The company earned Rs.2.37 arba from premium by the end of the second quarter. Total number of policies in force has increased to 2.51 Lakh this quarter from 1.19 lakh in the corresponding quarter of FY 2075/76. The company will soon issue IPO to the general public. 

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Second Quarter Report