Prime Life Insurance Company Limited has published Second quarter report of Fiscal year 2075/76. It has reported decrease in net profit by 21.41% in comparing period.
As per the report, life insurance has posted net profit of Rs. 9.05 crore in the Q2 of FY 2075/76 from Rs. 11.51 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.1.22 arba from Rs. 93.35 crore in the same period of last year. It has earned 36.96 crore from investment in Q2 which was Rs.28.73 crore in the last year.
The company has made a payment of Rs.17.77 crore for claims and agent commission of Rs.13.62 crore. Its operatives expanses increase to Rs.20.89 crore from Rs.14.72 crore in Q2 of last year.
The company still remains to pay claims of Rs.1.92 crore for 55 claims.
Currently, its paid up capital is Rs.1.78 arba with reserves of Rs.97.90 crore.
It has maintained Rs.7.68 arba in life insurance fund & Rs. 9.39 crore in disaster fund.
Its EPS stands at Rs.10.14 & net worth per share is Rs.160.12. PE ratio stands at 49.29 times.
