Mahalaxmi Life Insurance Collects Rs 69.85 Crores As Premium [Q2 Report]

February 7, 2022 | Investopaper

Mahalaxmi Life Insurance Company Limited has collected a total premium of Rs 69.85 crores until the second quarter of the current fiscal year 2078/79. As per the unaudited report, the company has posted a net profit of Rs 5.3 crores.

The summarized version of the quarterly report is presented in the table below:

Mahalaxmi Life Insurance: Q2 Report Summary, FY 2078/79

Financial Indicators Q2, FY 2078/79 Q2, FY 2077/78 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 1.4 1.4 0
Reserve & Surplus (Rs. ‘Arba’) 0.2 0.14 42.86
Life Assurance Fund  (Rs. ‘Arba’) 1.73 1.13 53.10
Total Premium (Rs. ‘Arba’) 0.69 0.48 43.75
Net Premium (Rs. ‘Arba’) 0.67 0.47 42.55
Net Claim (Rs. ‘Arba’) 0.07 0.009 677.78
Total Investments  & Loans (Rs. ‘Arba’) 3.31 2.54 30.31
Management Expenses  (Rs. ‘Arba’) 10.25 9.92 3.33
Net Profit  (Rs. ‘crores’) 5.3 5.19 2.12
Earnings Per Share (Rs.) 3.78
Networth Per Share (Rs.) 114.48

Source: Unaudited Q2 Report, FY 2078/79


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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