With An Impressive Rise In Business Volume Of Surya Life Insurance, How Did It Perform Overall In Q4?
Thu, Aug 12, 2021 7:23 AM on Latest, Company Analysis,
Surya Life Insurance Company Limited (SLICL) has reported growth in net profit by 23.01% in Q4. The company reported a net profit of Rs. 32.23 crores compared to Rs. 26.27 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stands at Rs. 2.26 Arba and reserve and surplus stood at Rs. 83.76 crores. Its life insurance fund increased by 43.53% to Rs. 10.66 Arba and contingent fund stood at Rs. 14.62 crores.
The Gross premium increased by 47.04% to Rs. 4.26 Arba whereas the net premium stood at Rs. 41.82 Arba.
The number of policies stood at 337,922.
The EPS stood at Rs. 14.29 and net worth per share stood at Rs. 143.48. The company traded at a P/B multiple of 6.43 times.
Major Highlights:
|
Particulars |
Surya Life Insurance Company Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,262,895.00 |
2,155,138.00 |
5.00% |
|
Reserve & Surplus |
837,606.00 |
668,735.00 |
25.25% |
|
Insurance Fund |
10,661,023.00 |
7,427,522.00 |
43.53% |
|
Contingent Fund |
146,218.00 |
109,297.00 |
33.78% |
|
Gross Premium |
4,263,789.00 |
2,899,662.00 |
47.04% |
|
Net Premium |
4,182,079.00 |
2,845,588.00 |
46.97% |
|
Re-Insurance Income |
0.00 |
0.00 |
- |
|
Income from Investment, Loan, and others |
859,303.00 |
679,061.00 |
26.54% |
|
Claim Payment (Net) |
812,936.00 |
445,989.00 |
82.28% |
|
Agent Commission |
485,431.00 |
349,165.00 |
39.03% |
|
Net Profit |
323,271.00 |
262,796.00 |
23.01% |
|
No. Of Policies |
337,922.00 |
309,887.00 |
9.05% |
|
EPS (Rs.) |
14.29 |
12.20 |
- |
|
Net Worth Per Share |
143.48 |
161.99 |
- |
|
Price/Book Ratio (times) |
6.43 |
- |
- |
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