Himalayan Life Insurance Q2 Report: Net Profit Surges 8.73%, Net Premiums Rise 2.13%, Investment Income at Rs. 2.89 Arba
Thu, Feb 6, 2025 10:48 AM on Latest, Financial Analysis, Company Analysis,
Himalayan Life Insurance Limited (HLI) has reported an 8.73% increase in net profit, reaching Rs. 37.62 crores in the second quarter of the fiscal year 2081/82.
The company's net premium surged by 2.13% to Rs. 8.6 Arba. Additionally, income from investments, loans, and other sources increased by 6.91% to Rs. 2.89 Arba. The company’s life insurance fund expanded by 9.55% to Rs. 70.70 Arba, while total investments rose by 8.70% to Rs. 71.06 Arba. However, retained earnings witnessed a significant incline of 50.09%, rising to Rs. 2.13 Arba, while other equity dipped by 167.68% to negative Rs. 17.08 crores.
On the expenses front, net claim payments increased by 7.49% to Rs. 9.89 Arba. Commission expenses also saw a 0.39% rise, amounting to Rs. 65.89 crores.
Despite these cost pressures, the company maintained stable earnings, with an annualized earnings per share (EPS) of Rs. 9.38, reflecting an 8.73% increase. Himalayan Life Insurance’s net worth per share increased by 3.11% to Rs. 130.21.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Himalayan Life Insurance | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 8,020,383.60 | 8,020,383.60* | 0.00% |
| Share Premium | 0.00 | 0.00* | - |
| Catastrophe Reserves | 460,912.32 | 434,831.94* | 6.00% |
| Retained Earnings | 2,133,287.09 | 1,421,325.39* | 50.09% |
| Other Equity | -170,895.14 | 252,501.50* | -167.68% |
| Life Insurance Fund | 70,709,365.10 | 64,546,261.07* | 9.55% |
| Investments | 71,067,165.81 | 65,380,659.92* | 8.70% |
| Net Premium | 8,060,990.85 | 7,892,509.67 | 2.13% |
| Income from Investment, Loan and others | 2,897,898.01 | 2,710,486.40 | 6.91% |
| Claim Payment (Net) | 9,893,218.03 | 9,203,850.83 | 7.49% |
| Commission Expenses | 658,921.27 | 656,334.94 | 0.39% |
| Net Profit | 376,282.12 | 346,062.82 | 8.73% |
| Annualized EPS (In Rs.) | 9.38 | 8.63 | 8.73% |
| Net Worth per Share (In Rs.) | 130.21 | 126.29 | 3.11% |
