Sanima Reliance Life Insurance Sees 5.44% Rise in Net Profit; Net Premium Increases by 18.73% While EPS Stood at Rs. 9.36
Mon, Feb 10, 2025 11:09 AM on Latest, Financial Analysis, Company Analysis,
Sanima Reliance Life Insurance Company Limited (SRLI) has posted a net profit of Rs. 23.16 Crores in the second quarter (Q2) of fiscal year 2081/82, marking a 5.44% increase from Rs. 21.97 Crores in the same period last year.
The company’s financial base includes a paid-up capital of Rs. 4.95 Arba, with Rs. 50.84 Crores in retained earnings, Rs. 6.93 Crores in other equity, and Rs. 13.43 Crores in catastrophe reserves.
SRLI’s net premiums grew by 18.73% to Rs. 3.11 Arba, while earnings from investments, loans, and other financial activities stood at Rs. 79.26 Crores. However, net claims surged by 24.92% to Rs. 3.17 Arba, adding to the company’s expenses, while commission costs rose by 7.85% to Rs. 31.05 Crores.
Despite the rise in claims, key financial indicators remained stable. The company’s annualized earnings per share (EPS) stands at Rs. 9.36, while the net worth per share is reported at Rs. 114.38. The stock is currently trading at a price-to-earnings (P/E) ratio of 44.57.
Major Highlights:
* Figure is of Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Sanima Reliance Life Insurance | ||
|---|---|---|---|
| Q2 2081/82 | Q2 2080/81 | Difference | |
| Paid Up Capital | 4,953,065.22 | 4,184,000.00 | 18.38% |
| Share Premium | 0.00 | 0.00 | - |
| Catastrophe Reserves | 134,300.16 | 125,408.20 | 7.09% |
| Retained Earnings | 508,489.42 | 1,010,489.34 | -49.68% |
| Other Equity | 69,366.66 | 28,990.77 | 139.27% |
| Life Insurance Fund | 17,174,052.91 | 14,790,374.23 | 16.12% |
| Investments | 20,301,080.23 | 18,410,510.52 | 10.27% |
| Net Premium | 3,111,478.05 | 2,620,613.32 | 18.73% |
| Income from Investment, Loan and others | 792,664.78 | 744,556.40 | 6.46% |
| Claim Payment (Net) | 3,173,668.63 | 2,540,589.07 | 24.92% |
| Commission Expenses | 310,501.00 | 287,900.60 | 7.85% |
| Net Profit | 231,689.76 | 219,730.93 | 5.44% |
| Annualized EPS (In Rs.) | 9.36 | 10.50 | -10.93% |
| Net Worth per Share (In Rs.) | 114.38 | 127.84 | -10.53% |
| PE Ratio | 44.57 | - | - |
