National Life Insurance Q4 Highlights: Net Profit Rises by 1.92% to Rs 40.88 Crores, Net Premium and Claim both Rises, EPS at Rs 10.13
Tue, Aug 16, 2022 6:23 AM on Financial Analysis, Latest,
National Life Insurance Company Limited (NLICL) has published its fourth-quarter report for the FY 2078/2079 with an increment in Net Profit by a mere 1.92%. The company's net profit has increased from Rs. 40.12 crores in the fourth quarter of FY 2077/2078 to Rs. 40.88 Arba in the fourth quarter of FY 2078/2079.
The paid-up capital of the company stands at Rs. 4.03 Arba and reserve and surplus stood at Rs. 66.71 Crores. Its life insurance fund decreased by 2.99% to Rs. 41.15 arba and its contingent fund stood at Rs. 34.93 crores.
The net premium increased by 17.88% to Rs. 14.28 Arba and income from Investment, and Loan increased by 23.52% to Rs 3.60 arba.
The agent commission increased by 14.10% to Rs 1.52 arba in this quarter. The company's net claim payment increased by 46.51% to Rs 5.79 arba till Q4. The number of policies stood at 1,596,830.
The EPS stood at Rs. 10.13 and net worth per share stood at Rs. 125.19. The company shares traded at quarter-end PE of 56.94 times
Major Highlights:
| Particulars (In Rs '000") | National Life Insurance | ||
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Paid Up Capital | 4,035,158 | 3,390,889 | 19.00% |
| Reserve and Surplus | 667,175 | 882,499 | -24.40% |
| Life Insurance Fund | 41,155,333 | 42,424,247 | -2.99% |
| Contingent Fund | 349,330.87 | 297,902.76 | 0.00% |
| Long Term Investment and Loan | 36,228,806 | 29,882,270 | 21.24% |
| Loan Against Insurance Policy | 8,013,755 | 6,182,416 | 29.62% |
| Net Premium | 14,283,984 | 12,117,319 | 17.88% |
| Re-Insurance Commission Income | 46,551 | 32,647 | 42.59% |
| Income from Investment, Loan and others | 3,607,845 | 2,920,857 | 23.52% |
| Claim Payment (Net) | 5,796,773 | 3,956,492 | 46.51% |
| Agent Commission | 1,521,958 | 1,333,927 | 14.10% |
| Provision for Pending Claims | 1,105,986 | 828,265 | 33.53% |
| Provision for Un-Expired Risk | 484,520 | 130,849 | 270.29% |
| Transferred to Life Insurance Fund | 8,642,091 | 8,508,831 | 1.57% |
| Gross Profit | 247,510 | 226,022 | 0.00% |
| Provision for losses (Investment) | 8,354 | - | |
| Net Profit/(Loss) | 408,894 | 401,211 | 1.92% |
| No of Policies | 1,596,830 | 1,169,336 | 36.56% |
| EPS (In Rs.) | 10.13 | 11.83 | - |
| Net Worth per Share (In Rs.) | 125.19 | 134.81 | -7.14% |
| Qtr End PE Ratio | 56.94 | - | - |
| Qtr End Market Price | 577.00 | - | - |
