Asian Life Insurance Company limited has reported increased in net profit by 12.09 percent in third quarter of fiscal year 2074/75.
As per the report, Life Insurance Company has posted net profit of Rs.3.32 crore in the Q3 from Rs 2.96 crore in the third quarter of last year.
Net insurance premium has risen to Rs.1.91 arba from Rs.1.60 crore in the last corresponding quarter.
It has total policy holders of 3.25 lakh. The company has paid Rs.14.87 crore for claims & still remains to pay claims of Rs.78.41 lakh.
Currently, its paid up capital is Rs.80.55 crore with reserves of Rs.22.31 crore. It had just issue 50% right share. After right adjustment, paid up capital will reach to Rs.1.21 arba. Further it had announced 4% bonus share.
It has maintained Rs.15.09 arba in life insurance fund & Rs.3.72 crore in disaster fund.
Its EPS stands at Rs.5.15 & net worth per share is Rs.127.70.
