Surya Life Insurance has published first quarter report of Fiscal year 2075/76. It has reported increase in net profit by 21.01% in comparing period.
As per the report, life insurance has posted net profit of Rs. 6.32 crore in the Q1 of FY 2075/76 from Rs. 5.22 crore in same period of last fiscal year 2074/75.
Net insurance premium has risen to Rs.41.19 crore from Rs. 34.96 crore in the same period of last year. It has earned 10.02 crore from investment in Q1 which was Rs.6.56 crore in the last year.
The company has made a payment of Rs.4.42 crore for claims and Rs.4.78 crore for agent commission. The company still remains to pay claims of Rs.1.21 crore for 231 claims.
Currently, its paid up capital is Rs.1.13 arba with reserves of Rs.39.09 crore. It had issued 70% right share for shareholder. After adjustment of right shares paid up capital reach to Rs.1.92 arba.
It has maintained Rs.3.89 arba in life insurance fund & Rs. 5.96 crore in disaster fund.
Its EPS stands at Rs.22.36 & net worth per share is Rs.139.81. PE ratio stands at 23.70 times.
