Gurans Life Insurance has published fourth quarter report of Fiscal year 2075/76. It has reported raise in net profit by 90.36% in comparing period.
As per the report, the company has posted net profit of Rs. 7.64 crore in the Q4 of FY 2075/76 from Rs. 4.01 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.1.89 arba from Rs. 1.44 arba in the same period of last year. It has earned Rs 50.94 crore from investment and Rs.3007 crore from loan on policy (collateral).
It has made a payment of Rs.34.30 crore for claims and agent commission of Rs.25.78 crore during the period. Its operating expanses increase to Rs.24.17 crore in this Q4 from Rs.19.23 crore in Q4 of last year.
The company still remains to pay claims of Rs.60.81 lakh for 24 claims.
Currently, its paid up capital is Rs.92.94 crore with reserves of Rs.27.93 crore. It has planned to float 100% right share to hike its paid up capital.
It has maintained Rs.5.82 arba in life insurance fund and 3.59 crore in disaster fund.
Its EPS stands at Rs.8.22 & net worth per share is Rs.133.92. PE ratio stands at 56.54 times.
