Prime life insurance company limited (PLIC) has reported net profit surged by 36.26 percent in fourth quarter of fiscal year 2074/75.
As per the report, Prime life insurance has posted net profit of Rs. 21.63 crore in the Q4 from Rs. 15.87 crore in corresponding quarter of previous fiscal year 2073/74.
During the period, total insurance premium collection increased to Rs.2.67 arba from Rs.2.04 arba in the last year.
Net insurance premium has risen to Rs.2.21 arba from Rs. 1.86 arba in the last corresponding quarter.
The company has made a payment of Rs.40.56 crore for claims. The company still remains to pay claims of Rs.81.19 lakh.
Currently, its paid up capital is 1.78 arba with reserves of 96.34 crore.
It has maintained Rs.6.53 arba in life insurance fund & Rs. 9.22 crore in disaster fund.
Its EPS stands at 12.12 & net worth per share is 159.14. PE ratio stands at 43.72 times.
