Jyoti Life Insurance (JLI) Net Profit Increases by Outstanding Margin of 133.28% in Q1; Life Insurance Fund Stands at Rs. 7.04 Arba
Fri, Nov 11, 2022 1:27 PM on Latest, Financial Analysis, Stock Market,
Jyoti Life Insurance Company Limited (JLI) has reported outstanding growth in net profit by 133.28% in Q1. The company reported a net profit of Rs. 21.52 crores compared to Rs. 9.22 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stands at Rs. 2.42 Arba and reserve and surplus stood at Rs. 1.03 Arba which is an incline of 56.70% as compared to the corresponding quarter. At this capital, the annualized EPS stood at Rs. 35.58 and net worth per share stood at Rs. 148.62.
Its life insurance fund increased by 54.96% to Rs. 7.04 Arba and contingent fund stood at Rs. 14.08 crores.
The net premium increased by 15.67% and the amount stood at Rs. 91.4 Crores in this quarter. The company’s income from investments increased by 65.60% in this quarter. Similarly, the net claim payment increased by 39.17% to Rs 7.46 crores till Q1. The number of policies stood at 29,323.
Major financial highlights
| Particulars (In Rs '000) | Jyoti Life Insurance | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 2,420,000.00 | 2,200,000.00 | 10.00% |
| Reserve and Surplus | 1,035,791.69 | 661,024.00 | 56.70% |
| Life Insurance Fund | 7,046,974.85 | 4,547,676.25 | 54.96% |
| Contingent Fund | 140,818.96 | 78,428.25 | 79.55% |
| Net Premium | 914,004.12 | 790,193.02 | 15.67% |
| Income from Investment, Loan and others | 158,194.91 | 95,531.17 | 65.60% |
| Claim Payment (Net) | 74,681.40 | 53,663.82 | 39.17% |
| Agent Commission | 101,091.36 | 117,467.84 | -13.94% |
| Net Profit | 215,271.74 | 92,280.00 | 133.28% |
| No of Policies | 29,323.00 | 34,921.00 | -16.03% |
| EPS (In Rs.) | 35.58 | 16.78 | 112.07% |
| Net Worth per Share (In Rs.) | 148.62 | 133.61 | 11.23% |
