Surya Life Insurance Earns above 3 Bn in Net Insurance Premium

May 10, 2021 10:54 AM Merolagani

Surya Life Insurance (SLICL) has  earned a net insurance premium of Rs 3.23 billion in the third quarter of the current FY compared to Rs 1.86 billion of the corresponding period of the last FY.

Similarly, its net profit increased by 55.88 percent to Rs 291 million from earlier Rs 186.7 million.

The company earned Rs 615.9 million from investment, loan and others and Rs 73.1 million from loan against insurance polciies.

The company with Rs 2.26 billion in paid-up capital has reserve fund of Rs 808.5 million, insurance fund of Rs 10.01 billion and catastrophe fund of Rs 142.9 million.

The company has issued 332,604 polices and has earned Rs 3.28 billion in total insurance premium.

Similarly, it paid Rs 570.6 million to 4,839 policies and has outstanding payment of Rs 36.1 million to 92 policies.

The company has EPS of Rs 17.15, net worth per share of Rs 130.97 and P/E ratio of 48.93 times.

 

 

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