Citizen Life Insurance Company Net Profit Inclines by Impressive 86.78% in Q2; Net Premium Stands at Rs. 3.18 Arba
Mon, Feb 10, 2025 9:45 AM on Financial Analysis, Company Analysis, Latest,
Citizen Life Insurance Company Limited (CLI) has reported an impressive 86.78% growth in net profit for the second quarter of fiscal year 2081/82, reaching Rs. 23.09 Crores from Rs. 12.36 Crores in the same period last year.
The company maintains a strong financial base with a paid-up capital of Rs. 3.93 Arba. It holds Rs. 83.8 Crores in retained earnings, Rs. 63.88 Crores in other equity, and Rs. 19.28 Crores in catastrophe reserves, while its share premium stands at Rs. 1.55 Arba.
CLI’s net premiums grew by 23.31% to Rs. 3.18 Arba, supported by Rs. 95.06 Crores in earnings from investments, loans, and other financial sources. However, net claims increased by 23.31% to Rs. 3.21 Arba, and commission expenses rose by 15.59% to Rs. 31.85 Crores.
Key financial indicators remain solid, with an annualized earnings per share (EPS) of Rs. 11.73, a net worth per share of Rs. 181.82, and a price-to-earnings (P/E) ratio of 59.24.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Citizen Life Insurance | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 3,937,500.00 | 3,937,500.00* | 0.00% |
| Share Premium | 1,552,037.44 | 1,552,037.44* | 0.00% |
| Catastrophe Reserves | 192,825.37 | 169,728.19* | 13.61% |
| Retained Earnings | 838,040.50 | 632,475.57* | 32.50% |
| Other Equity | 638,886.39 | 675,927.51* | -5.48% |
| Life Insurance Fund | 16,925,444.30 | 14,442,933.59* | 17.19% |
| Investments | 21,410,528.63 | 19,070,801.11* | 12.27% |
| Net Premium | 3,181,614.37 | 2,572,163.94 | 23.69% |
| Income from Investment, Loan and others | 950,651.81 | 740,806.26 | 28.33% |
| Claim Payment (Net) | 3,218,244.91 | 2,609,979.50 | 23.31% |
| Commission Expenses | 318,538.26 | 275,571.81 | 15.59% |
| Net Profit | 230,971.82 | 123,657.26 | 86.78% |
| Annualized EPS (In Rs.) | 11.73 | 6.28 | 86.78% |
| Net Worth per Share (In Rs.) | 181.82 | 176.96 | 2.75% |
| PE Ratio | 59.24 | - | - |
