Prime life insurance company limited (PLIC) has published second quarter reported stating outstanding performance, net profit surged by 218.64 percent.
As per the report, Prime life insurance has posted net profit of 11.51 crore in the Q2 from 3.61 crore in the second quarter of last year. Net profit rose by 218.64 percent.
During the period, insurance premium collection increased to 1.02 arba from 84.24 crore in the last year. Net insurance premium is 93.35 crore.
The company has made a payment of 15.56 crore for claim. Out of 608 claims, the company still remain to pay 51 claims worth 1.06 crore.
Its paid up capital is 61 crore with reserve of 9.34 crore. It is seeking for approval from SEBON for 160% right share. As per the directives of Beema Samiti life insurance company needs to maintiain capital of 2 arba by the end of Ashad 2075.
It has maintained 5.57 arba in life insurance fund & 8.20 crore in disaster fund.
Its EPS stands at 37.7 & net worth per share is 266.56. PE ratio stands at 45.82 times.
