Prabhu Life Insurance Collects Rs 1.13 Arba In Premium (Q3 Report)
May 6, 2021 | Investopaper
Prabhu Life Insurance Company Limited (PLI), one of the newly established life insurance company in Nepal, has reported a rapid growth in performance until the third quarter of the current fiscal year 2077/78.
The insurance company has collected a total premium of Rs 1.13 Arba in the nine months period, up from Rs 52 crores of the same period last year. During this period, the company sold 107,316 policies which is almost 123 percent higher than the last year’s corresponding period.
With the increase in premium collection, the profit has surged by 148 percent to Rs 13.78 crores. See the summarized version of the quarterly report published by the company in the table below:
Prabhu Life Insurance (PLI): Third Quarterly Report, FY 2077/78
| Financial Indicators | Q3, F.Y. 2077/78 | Q3, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘Arba’) | 2 | 1.4 | 42.86 |
| Reserve & Surplus (Rs. ‘Arba’) | 0.36 | 0.15 | 140.00 |
| Life Assurance Fund (Rs. ‘Arba’) | 1.76 | 0.62 | 183.87 |
| Total Premium (Rs. ‘Arba’) | 1.13 | 0.52 | 117.31 |
| Net Premium (Rs. ‘Arba’) | 1.08 | 0.5 | 116.00 |
| Net Claim (Rs. ‘Arba’) | 0.05 | 0.004 | 1150.00 |
| Total Investments & Loans (Rs. ‘Arba’) | 3.48 | 2.11 | 64.93 |
| Management Expenses (Rs. ‘Arba’) | 28.85 | 16.71 | 72.65 |
| Net Profit (Rs. ‘crores’) | 13.78 | 5.55 | 148.29 |
| Number Of Policies | 107,316 | 48,134 | 122.95 |
| Earnings Per Share (Rs.) | 9.19 | ||
| Networth Per Share (Rs.) | 118.3 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 800 | ||
| P/E Ratio | 87.05 |
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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