Union Life Insurance reports exceptional growth at the end of second quarter; net profit stands at Rs.6.16 Crore with paid up capital of Rs.1.50 Arba
Tue, Feb 12, 2019 2:45 PM on Financial Analysis, Latest, Stock Market,
Union Life Insurance Company Limited posted a net profit of Rs.6.16 Crore in the second quarter of the fiscal year 75/76. Paid up capital of the company remains unchanged at Rs.1.50 Arba compared to the corresponding quarter of the previous year. The reserves stands at Rs.14.81 Crore while the life insurance fund stands at Rs.95.33 Crore.
The company earned Rs.1.02 Arba from premium by the end of the second quarter. Total number of inforce policies that was at 21,697 policies, grew to 49,762 policies by the end of the second quarter.
Highlights
|
Particulars (In Lakhs) |
Q2 75/76 |
Q2 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
15,050.00 |
15,050.00 |
0.00% |
|
Reserve & Surplus |
1,481.21 |
618.97 |
139.30% |
|
Life Insurance Fund |
9,533.47 |
978.57 |
874.22% |
|
Earnings from Premium |
10,276.90 |
2,045.62 |
402.39% |
|
Net Profit |
616.89 |
548.96 |
12.37% |
|
Total Inforce Policy count (No.) |
49,762 |
21,697 |
129.35% |
