Net Insurance Premium of Gurans Life Insurance Nears Bn

Feb 12, 2020 03:44 PM Merolagani



Gurans Life Insurance (GLICL) has earned a net insurance premium of Rs 957.7 million in the second quarter of the current FY compared to Rs 719.9 million of the corresponding period of the last FY.

During the period, the company earned net profit of Rs 73.5 million compared to Rs 40.9 million of the corresponding period of the last FY.

In the review period, the company earned Rs 21.8 million from loan against insurance policies and Rs 303.8 million from investment, loan and other income.

The company with Rs 938.5 million in paid-up capital has reserve fund of Rs 347.2 million, life insurance fund of Rs 6.67 billion and disaster fund of Rs 43.2 million.

The company has collected Rs 8.77 billion in total insurance premium. By the second quarter, the company paid Rs 1.13 billion to 6,728 policies.

The company logged EPS of Rs 15.67, net worth per share of Rs 141.61 and P/E ratio of 33.82 times.

 




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