Citizen Life Insurance Reports Surge In Premium By 110 Percent (Q3 Report)
May 9, 2021 | Investopaper
Citizen Life Insurance Company Limited has reported a rise in premium collection by 110 percent until the third quarter of the current fiscal year 2077/78. As per the unaudited report, the company has collected Rs 2.48 Arba as the total premium, up from Rs 1.16 Arba of the corresponding period of the previous fiscal year.
The report is summarized in the table below:
Citizen Life Insurance: Third Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q3, F.Y. 2077/78 | Q3, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘Arba’) | 1.75 | 1.75 | 0.00 |
| Reserve & Surplus (Rs. ‘Arba’) | 0.76 | 0.45 | 68.89 |
| Life Assurance Fund (Rs. ‘Arba’) | 3.01 | 1.26 | 138.89 |
| Total Premium (Rs. ‘Arba’) | 2.48 | 1.18 | 110.17 |
| Net Premium (Rs. ‘Arba’) | 2.44 | 1.16 | 110.34 |
| Net Claim (Rs. ‘Arba’) | 0.37 | 0.04 | 825.00 |
| Total Investments & Loans (Rs. ‘Arba’) | 5.4 | 3.67 | 47.14 |
| Management Expenses (Rs. ‘Arba’) | 0.43 | 0.28 | 53.57 |
| Net Profit (Rs. ‘crores’) | 14.57 | 14.39 | 1.25 |
| Number Of Policies | 69,894 | 17,840 | 291.78 |
| Earnings Per Share (Rs.) | 11.1 | ||
| Networth Per Share (Rs.) | 143.42 |
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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