Gurans Life Raises Insurance Premium by 26.85%

Aug 21, 2018 Merolagani

The total insurance premium earning of Gurans Life Insurance (GLICL) has increased by 26.85 percent to Rs 1.53 billion in the last FY compared to Rs 1.20 billion of the previous FY.

In the last FY, the company earned a net profit of Rs 57.2 million which was Rs 41.8 million in the previous FY.

In the review period, the company collected net insurance premium of Rs 1.45 billion compared to Rs 1.13 billion of the previous FY.

The company with Rs 594 million in paid-up capital has life insurance fund of Rs 4.27, reserve fund of Rs 245.9 million and disaster fund of Rs 30.2 million.

The company has paid Rs 244.1 million claim amount in 978 policies.

The company has EPS of Rs 9.63, net worth per share of Rs 146.49 and P/E ratio of 89.81 times.

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