ALICL Reports 17 Percent Decline in Net Profits in Q4 as Net Premium Amount Remains Almost Stagnant
Mon, Aug 14, 2023 2:33 PM on Financial Analysis, Latest,
Asian Life Insurance Company Limited (ALICL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a considerable decrease of 17.68 percent in its Net profit. As of FY 2079-80, the company has made only Rs. 24 crores as opposed to earning Rs. 29.15 crores until the corresponding quarter of the previous FY 2078-79.
With a decline in the Net profit of the company, the Earnings per Share (EPS) of the company has declined as well to stand at Rs. 7.61, alongside a Net worth per Share of Rs. 114.82, as of FY 2079-80’s end.
The Net premium accumulated by the life insurance company totals Rs. 6.84 Arba as it has almost remained stagnant until the last quarter of the recently wrapped up financial year 2079-80.
The number of policies sold by the company, however, has increased by a significant 44.27 percent, totaling 6.30 lakhs until Q4 of FY 2079-80.
ALICL maintains Rs. 3.15 Arba in paid-up capital and has Rs. 29.13 crores in the form of Reserve and Surplus as of FY 2079-80’s end.
Major Financial Highlights:
| Particulars (In Rs '000) | Asian Life Insurance Company Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 3,155,300.52 | 2,539,835.00 | 24.23% |
| Reserve and Surplus | 291,327.80 | 690,787.47 | -57.83% |
| Life Insurance Fund | 36,905,528.30 | 31,598,163.65 | 16.80% |
| Contingent Fund | 176,404.04 | 152,403.39 | 15.75% |
| Net Premium | 6,840,295.67 | 6,833,528.47 | 0.10% |
| Re-insurance Income | - | - | - |
| Claim Payment (Net) | 2,853,796.37 | 1,578,737.38 | 80.76% |
| Agent Commission | 715,480.11 | 826,750.79 | -13.46% |
| Net Profit | 240,006.49 | 291,564.72 | -17.68% |
| No of Policies (No.s) | 630538.00 | 437042.00 | 44.27% |
| Earnings per Ratio (EPS) ratio (In Rs.) | 7.61 | 11.48 | -33.74% |
| Net Worth per Share (In Rs.) | 114.82 | - | - |
| PE Ratio (times) | 97.96 | - | - |
| Qtr End Market Price (In Rs.) | 745.10 | - | - |
