Asian Life’s Net insurance Premium Exceeds Rs 5 Bn

May 12, 2022 11:53 AM Merolagani

Asian Life Insurance (ALICL) has collected net insurance premium of Rs 5.11 billion in the third quarter of the current FY. The net insurance premium increased by 11.41 percent compared to Rs 4.59 billion of the corresponding period of the last FY.

Meanwhile, the company earned Rs 1.65 billion from investment, loans and other income and Rs 166.6 million from loan against policies.

Meanwhile, its net profit declined by 1.07 percent to Rs 184 million compared to Rs 182.1 million of the corresponding period of the last FY.

The company with Rs 2.53 billion in paid-up capital has reserve fund of Rs 428.2 million, disaster fund of Rs 119.6 million and insurance fund of Rs 30.98 billion.

The company logged EPS of Rs 9.66, net worth per share of Rs 121.57 and P/E ratio of 82.28 times.

 

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