Asian Life Insurance Company Limited (ALICL) has unveiled its third-quarter financial report for FY 2080/2081, showcasing an impressive surge of 254.92% in net profit. The company’s net profit soared to Rs. 69.11 crores, marking a substantial increase from the Rs. 19.47 crores recorded in the corresponding quarter of the previous fiscal year.
ALICL maintains a significant paid-up capital of Rs. 3.15 Arba and notable reserves, comprising Rs. 92.09 Crores in retained earnings, Rs. 3.82 lakhs in other equity, and Rs. 26.34 Crores in catastrophe reserves.
During the reviewed period, ALICL experienced a remarkable incline of 10.50% in net premiums, reaching Rs. 5.61 Arba in Q3 FY 2080/81 compared to the previous year. Additionally, the company demonstrated financial astuteness by generating Rs. 2.52 Arba from income derived from investments, loans, and other financial activities.
However, the quarter also witnessed a noteworthy 6% increase in net claims, totaling Rs. 6.84 Arba. Similarly, commission expenses declined by 3.87%, reaching Rs. 50.15 Crores.
Key financial metrics further underscore ALICL’s performance, with an annualized earnings per share (EPS) of Rs. 29.20. Moreover, the net worth per share stands at Rs. 138.75, while the Price-to-Earnings (P/E) ratio stood at 19.19 times.
Disclaimer
The information provided in this article is for general informational and educational purposes only. It should not be interpreted as financial, investment, trading, or professional advice. Market data, company announcements, ratings, and analysis may contain errors, may change without notice, and should always be verified directly from official filings, regulatory disclosures, and company press releases.
Investing in the share market, IPOs, FPOs, mutual funds, insurance products, or any financial instruments carries inherent risks. Past performance does not guarantee future results. Readers are strongly encouraged to consult a licensed financial advisor, investment professional, or legal expert before making any investment decisions. This website and its authors are not responsible for any financial losses, decisions, or actions taken based on the information provided.
