The financial report for the third quarter of the current fiscal year shows a notable increase in earnings for Sanima Reliance Life Insurance.
The company has earned a profit of Rs. 30 crores 48 lacks in the current fiscal year whereas, in the same period during the previous year, the company earned a profit of Rs. 15 crores 79 lacks which is 92.94 percent more compared to last year. The company’s income from investments and loans has increased which has helped to increase profits.
According to the financial report, the company’s net insurance premium jumped to 4 Arab 1 crore rupees i.e. increased by 117.08 percent. The company’s insurance fund has increased by 24.14 percent i.e. about 13.55 Arab rupees. The company has made payments totaling 41 crore rupees as of the third quarter.
Sanima Reliance Life Insurance’s income from loans and investments climbed by 142.72% to 1.12 billion rupees in the current fiscal year. Such income was Rs 46 crore 42 lakh in the previous year.
In the current financial year, the company has increased its income from investments and loans by 142.72 percent i.e. Rs. 1 Arab 12 crore. Last year such income was Rs 46 crore 42 lakh.
To retained earnings, the company is currently valued at Rs 99 crore 72 lakh, while its paid-up capital is 4 arab 18 crore rupees. Insurance shares have a net worth of 126 rupees 99 paise per share, but their income is only 9 rupees 71 paise per share.
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