Union Life Insurance Net Profit Declines By 66.94%, Insurance Fund Stands Rs 10.34 Arba
Tue, May 10, 2022 4:43 PM on Latest, Financial Analysis, Stock Market,
Union Life Insurance Company Limited (ULI) has also published its unaudited financial report for the third quarter of the FY 2078/79.
The life insurance company has reported a net profit of Rs 2.7 crore in the third quarter of the current year. The net profit has declined by 66.94% in this quarter as compared to the quarter of last fiscal year. Previously, the net profit was Rs. 8.2 Crores.
The paid up capital of the company is RS 2.15 arba and the reserve fund of the company stands at Rs 1.09 arba. The company’s life insurance fund is reported as Rs 10.34 arba.
At this capital, the EPS of the company is Rs. 1.69, Net worth per share at Rs. 156.47 and the P/E stands at 389.67 times.
Major financial indicators
| Particulars (In Rs '000") | Union Life Insurance Company Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 2,150,000 | 1,505,000 | 42.86% |
| Reserve and Surplus | 1,092,727 | 730,714 | 49.54% |
| Insurance Fund | 10,342,955 | 6,900,211 | 49.89% |
| Contingent Fund | 121,414.16 | 81,190.45 | 49.54% |
| Income from Loan Secured By Insurance Policy | 69,288 | 60,610 | 14.32% |
| Income from Investment, Loan and others | 555,747 | 478,974 | 16.03% |
| Claim Payment (Net) | 2,354,696 | 1,459,711 | 61.31% |
| Agent Commission | 937,417 | 964,968 | -2.86% |
| Net Profit | 27,274 | 82,510 | -66.94% |
| No of Policies maintained till date | 248,893 | 277,933 | -10.45% |
| EPS (In Rs.) | 1.69 | 7.31 | -76.86% |
| Net Worth per Share (In Rs.) | 156.47 | 153.95 | 1.64% |
| Qtr End PE Ratio | 389.67 | - | - |
| Qtr End Market Price | 659.10 | - | - |
