Asian Life Insurance Reports 33 Percent Drop In Net Profit [Q4 Report]
August 15, 2022 | Investopaper
Asian Life Insurance (ALICL) has posted a net profit of Rs 16.94 crores in the fiscal year 2078/79. Based on the unaudited fourth quarterly report, this profit is 33 percent lower than the previous year. In the fiscal year 2077/78, the insurance had earned Rs 25.43 crores in net profit.
Note: The net profit doesn’t include the profit after the actuary valuation. The actual profit is likely to differ from that stated in the unaudited report.
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The major financial indicators of Asian Life Insurance (ALICL) include:
Major Financial Indicators Of Asian Life Insurance (ALICL), FY 2078/79
Paid-up Capital: Rs 2.53 Arba
Reserve & Surplus: Rs 0.58 Arba
Life Assurance Fund: Rs 32.09 Arba
Total Premium: Rs 6.96 Arba
Net Premium: Rs 6.8 Arba
Net Claim: Rs 1.46 Arba
Total Investments & Loans: Rs 34.23 Arba
Income From Investment & Loans: Rs 2.62 Arba
Management Expenses: Rs 0.81 Arba
Net Profit: Rs 16.94 crores
Number Of Policies: 437,042
Earnings Per Share (EPS): Rs 6.67
Networth Per Share: Rs 128.37
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The fourth-quarterly report of Asian Life Insurance (ALICL) is summarized in the table below:
Asian Life Insurance (ALICL): Report Summary, FY 2078/79
| Financial Indicators | F.Y. 2078/79 | F.Y. 2077/78 | Percent Change |
| Paid-up Capital (Rs. ‘Arba’) | 2.53 | 2.01 | 25.87 |
| Reserve & Surplus (Rs. ‘Arba’) | 0.58 | 0.89 | -35.10 |
| Life Assurance Fund (Rs. ‘Arba’) | 32.09 | 26.48 | 21.19 |
| Total Premium (Rs. ‘Arba’) | 6.96 | 5.91 | 17.77 |
| Net Premium (Rs. ‘Arba’) | 6.8 | 5.8 | 17.24 |
| Net Claim (Rs. ‘Arba’) | 1.46 | 0.99 | 47.47 |
| Total Investments & Loans (Rs. ‘Arba’) | 34.23 | 27.67 | 23.71 |
| Income From Investment & Loans (Rs. Arba’) | 2.62 | 2.53 | 3.56 |
| Management Expenses (Rs. ‘Arba’) | 0.81 | 0.82 | -1.22 |
| Net Profit (Rs. ‘crores’) | 16.94 | 25.43 | -33.39 |
| Number Of Policies | 437,042 | 325,061 | 34.45 |
| Earnings Per Share (Rs.) | 6.67 | ||
| Networth Per Share (Rs.) | 128.37 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 574 | ||
| P/E Ratio | 86.06 |
Source: Unaudited Q4 Report, FY 2078/79
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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