Union Life Insurance Collects Rs. 6.22 Arba In Premium [Q3 Report]

May 10, 2022 | Investopaper

Union Life Insurance Company Limited (ULI) has collected a total premium of Rs 6.22 Arba until the third quarter of the current fiscal year 2078/79. As per the unaudited report, the company has posted a net profit of Rs 2.72 crores. This is 67 percent lower than the corresponding period of the previous fiscal year.

As of Chaitra’s end 2078 BS, ULI has a paid-up capital of Rs. 2.15 Arba with Rs. 1.09 Arba in reserve and surplus. Likewise, the life assurance fund stood at Rs. 10.34 Arba.

With the rise in premium collection, the company has paid a net claim of Rs. 2.35 Arba, which is 62 percent higher than the same period last year.

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

Union Life Insurance (ULI): Q3 Report Summary, FY 2078/79

Financial Indicators Q3, FY 2078/79 Q3, FY 2077/78 Percent Change
Paid-up Capital  (Rs. ‘Arba’) 2.15 1.5 43.33
Reserve & Surplus (Rs. ‘Arba’) 1.09 0.73 49.32
Life Assurance Fund  (Rs. ‘Arba’) 10.34 6.9 49.86
Total Premium (Rs. ‘Arba’) 6.22 5.24 18.70
Net Premium (Rs. ‘Arba’) 5.99 5.05 18.61
Net Claim (Rs. ‘Arba’) 2.35 1.45 62.07
Total Investments  & Loans (Rs. ‘Arba’) 12.85 8.92 44.06
Management Expenses  (Rs. ‘Arba’) 0.68 0.7 -2.86
Net Profit  (Rs. ‘crores’) 2.72 8.25 -67.03
Earnings Per Share (Rs.) 1.69
Networth Per Share (Rs.) 156.47
Market Price Per Share (Rs.) [Chaitra end, 2078 BS] 659.1
P/E Ratio 390

Source: Unaudited Q3 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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