August 9, 2020 | Investopaper
Prime Life Insurance, which published the fourth-quarter report of fiscal year 2076/77, has shown decent performance growth. The life insurance company has earned a net profit of Rs. 29.86 crores. This is almost 4.6 percent lower than the previous year. In the fiscal year 2075/76, the insurance had earned a net profit of Rs. 31.31 crores as per the unaudited report.
Note: This profit doesn’t include the additional profit from actuary valuation.
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The net premium has grown by almost 13.59 percent. Prime Life Insurance has collected a net premium of Rs. 3.26 Arba until the fourth quarter of fiscal year 2076/77. However, the net claim of the company has also increased by almost 64.5 percent during this period. The net claim stands at Rs. 65.32 crores, up from Rs. 39.69 crores in the previous year.
To view the quarterly report, Click Here.
The paid-up capital is Rs. 2.26 Arba. The company has met the minimum capital requirement of Rs. 2 Arba. Likewise, the reserve stands at Rs. 89 crores, down by 28.80 percent from Rs. 1.25 Arba in the previous year. The life assurance fund is Rs. 11.48 Arba, which is 28.84 percent higher than the last year. Also, until the fourth quarter, Prime Life insurance has total investments (long term+ short term) of Rs. 14.43 Arba.
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Prime Life Insurance has an Earnings Per Share (EPS) of Rs. 13.22 while the per share net worth is Rs. 145.56. At the end of Ashad, 2077 the share traded at a price of Rs. 531. This gives the stock a p/e ratio of 40.17 which indicates the share of PLIC is relatively overpriced.
The fourth-quarter report of Prime Life Insurance is summarized in the table below:
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Prime Life Insurance Report Summay, FY 2076/77
|Headings||4th Qtr, F.Y. 2076/77||4th Qtr, F.Y. 2075/76||Percent Change|
|Paid-up Capital (Rs. ‘Arba’)||2.26||1.78||26.97|
|Reserve & Surplus (Rs. ‘Arba’)||0.89||1.25||-28.80|
|Life Assurance Fund (Rs. ‘Arba’)||11.48||8.91||28.84|
|Total Premium (Rs. ‘Arba’)||3.3||2.95||11.86|
|Net Premium (Rs. ‘Arba’)||3.26||2.87||13.59|
|Net Claim (Rs. ‘crores’)||65.32||39.69||64.58|
|Total Investments & Loans (Rs. ‘Arba’)||14.43||11.75||22.81|
|Income From Investment & Loans (Rs. ‘crores’)||126||107.99||16.68|
|Management Expenses (Rs. ‘crores’)||59.34||53.23||11.48|
|Net Profit (Rs. ‘crores’)||29.86||31.31||-4.63|
|Number Of Policies||290,538||355,744||-18.33|
|Earnings Per Share (Rs.)||13.22|
|Networth Per Share (Rs.)||145.56|
|Market Price Per Share (Rs.) [Ashad end, 2077]||531|
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.
Note: If you want to see the reports of other companies, Click Here.
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