| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Shriram Life Insurance Company Limited |
|
Particulars |
31st March 2023 |
31st March 2022 |
31st March 2021 |
31st March 2020 |
|
SOURCES OF FUNDS |
|
|||
|
SHAREHOLDERS’ FUNDS: |
|
|||
|
Share Capital |
17,78,479 |
17,76,535 |
17,63,897 |
17,57,279 |
|
Reserves and Surplus |
61,10,890 |
50,86,349 |
54,86,266 |
47,14,642 |
|
Credit/(Debit)/ Fair Value Change Account |
77,779 |
1,45,031 |
2,90,379 |
(3,34,697) |
|
SUBTOTAL |
79,67,148 |
70,07,915 |
75,40,542 |
61,37,224 |
|
POLICYHOLDERS’ FUNDS: |
|
|||
|
Credit/(Debit)/ Fair Value Change Account |
2,86,596 |
4,83,677 |
4,44,989 |
(4,58,786) |
|
Policy Liabilities |
8,17,25,806 |
6,74,42,693 |
5,29,82,387 |
4,11,96,632 |
|
Insurance Reserves |
- |
- |
- |
|
|
Provision for Linked Liabilities |
40,68,002 |
44,73,527 |
48,00,778 |
41,39,119 |
|
Funds for discontinued policies |
|
|||
|
(i) Discontinued on account of non-payment of premium |
2,20,263 |
2,22,253 |
2,01,619 |
1,94,540 |
|
(ii) Others |
- |
- |
- |
- |
|
Sub Total |
8,63,00,667 |
7,26,22,150 |
5,84,29,773 |
4,50,71,505 |
|
FUNDS FOR FUTURE APPROPRIATIONS |
6,27,265 |
2,24,002 |
3,47,069 |
3,12,716 |
|
TOTAL |
9,48,95,080 |
7,98,54,067 |
6,63,17,384 |
5,15,21,445 |
|
APPLICATION OF FUNDS |
|
|||
|
INVESTMENTS |
|
|||
|
Shareholders’ |
72,98,454 |
67,98,251 |
63,47,747 |
53,60,008 |
|
Policyholders’ |
7,85,31,170 |
6,53,34,718 |
5,12,62,952 |
3,83,16,088 |
|
Loans |
12,75,821 |
8,88,439 |
6,30,349 |
4,31,534 |
|
Fixed Assets |
4,82,969 |
5,25,965 |
6,51,754 |
6,85,394 |
|
Current Assets |
|
- |
||
|
Cash and Bank balances |
22,43,716 |
21,72,814 |
19,60,099 |
11,52,523 |
|
Advances and Other Assets |
44,37,443 |
38,26,519 |
36,91,028 |
35,81,734 |
|
Sub Total (A) |
66,81,159 |
59,99,333 |
56,51,127 |
47,34,257 |
|
Current Liabilities |
30,75,997 |
41,42,019 |
26,44,321 |
21,03,785 |
|
Provisions |
5,86,761 |
2,46,400 |
5,84,621 |
2,35,710 |
|
Sub Total (B) |
36,62,758 |
43,88,419 |
32,28,942 |
23,39,495 |
|
NET CURRENT ASSET (C) = (A-B) |
30,18,401 |
16,10,914 |
24,22,185 |
23,94,762 |
|
TOTAL |
9,48,95,080 |
7,98,54,067 |
6,63,17,384 |
5,15,21,445 |
|
Particulars |
2023 |
2022 |
2021 |
2020 |
|
Amount transferred from the Policyholders ' Account |
11,50,802 |
2,25,725 |
7,96,042 |
8,85,671 |
|
Income From Investments |
|
|||
|
Interest, Dividend & Rent – Gross |
4,24,465 |
3,99,365 |
3,15,391 |
2,19,335 |
|
Profit on sale/redemption of investments |
82,355 |
3,63,181 |
2,05,044 |
3,23,839 |
|
Amortization of (premium)/discount on investments |
17,259 |
13,541 |
(7929) |
(757) |
|
Other Income |
25,119 |
9 |
6123 |
787 |
|
TOTAL INCOME (A) |
16,74,336 |
9,71,046 |
11,71,175 |
11,16,446 |
|
Expenses other than those directly related to the insurance business / Expenses absorbed in P&L |
7770 |
13,491 |
5257 |
11,508 |
|
Interest Accrued Written Off |
- |
- |
1821 |
- |
|
CSR Expenses |
9950 |
13,500 |
11,634 |
49,773 |
|
TOTAL EXPENSE (B) |
40,744 |
8,41,012 |
60,609 |
8,53,897 |
|
Profit / (Loss) Before Tax |
16,33,592 |
1,30,034 |
11,10,566 |
2,62,549 |
|
Total Tax |
73,647 |
1,04,589 |
48,648 |
(90,470) |
|
Net Profit /(Loss) After Tax |
15,59,945 |
25,445 |
10,61,918 |
3,53,019 |
|
Earnings Per Share (Basic & Diluted) |
8.70 |
0.14 |
5.92 |
1.97 |
|
Particulars |
2022-23 |
2021-22 |
2020-21 |
|
Cash Flow from Operating Activities |
|||
|
Premium received from policyholders, including advance receipts |
2,54,03,787 |
2,32,88,949 |
2,06,63,974 |
|
Other receipts: |
|||
|
Proposal Deposits |
(5626) |
(9313) |
58,243 |
|
Policy Deposits |
(4,54,217) |
4,89,857 |
1,29,075 |
|
Linked Income |
95,875 |
1,10,376 |
1,21,621 |
|
Misc.Income |
4,25,431 |
3,34,898 |
64,581 |
|
Payments to the re-insurers, net of commissions and claims/ Benefits |
(85,163) |
(1,08,804) |
(41,365) |
|
Payments of claims/benefits |
(75,64,808) |
(87,85,393) |
(54,15,539) |
|
Payments of commission and brokerage |
(14,07,037) |
(12,93,979) |
(12,35,041) |
|
Payments of other operating expenses |
(56,00,647) |
(49,15,706) |
(47,31,574) |
|
Preliminary and pre-operative expenses |
- |
- |
- |
|
Deposits, advances and staff loans |
(9,59,240) |
12,39,627 |
(3454) |
|
Income taxes paid (Net) |
(2,59,377) |
(2,54,790) |
(3,44,054) |
|
GST paid |
(46,494) |
(35,340) |
(27,591) |
|
Loans against policies |
(3,87,382) |
(2,58,090) |
(1,98,815) |
|
Cash flows before extraordinary items |
91,55,102 |
98,02,292 |
- |
|
Cash flow from extraordinary operations |
- |
- |
- |
|
Net cash flow from operating activities |
91,55,102 |
98,02,292 |
1,23,26,244 |
|
Cash flows from investing activities: |
|||
|
Purchase of fixed assets (including CWIP) |
(1,42,317) |
(1,48,268) |
(2,72,386) |
|
Sale of fixed assets & Transfer to fixed assets |
29,613 |
73,570 |
1,29,608 |
|
Purchases of investments |
(16668401) |
(1,95,66,535) |
(1,51,53,597) |
|
Investment Income |
50,10,775 |
44,21,028 |
32,86,183 |
|
Sales of investments |
32,19,590 |
63,42,911 |
37,61,824 |
|
Net cash flow from investing activities |
(85,50,740) |
(88,77,295) |
(1,15,34,551) |
|
Cash flows from financing activities: |
|||
|
Proceeds from issuance of share capital |
4664 |
30,333 |
15,882 |
|
Interest/dividends paid |
(5,38,125) |
(7,42,615) |
- |
|
Net cash flow from financing activities |
(5,33,461) |
(7,12,282) |
15,882 |
|
Net increase in cash and cash equivalents: |
70,902 |
2,12,715 |
8,07,575 |
|
Cash and cash equivalents at the beginning of the year |
21,72,814 |
19,60,099 |
11,52,523 |
|
Cash and cash equivalents at the end of the year |
22,43,716 |
21,72,814 |
19,60,099 |
Summary of Cash Flow Statement for the years ending on March 31, 2023, March 31, 2022, and March 31, 2021, for Shriram Life Insurance Company Limited:
Operating Activities:
- Net cash flow from operating activities for the year ending March 31, 2023, was Rs. 91,55,102 thousand.
- Net cash flow from operating activities for the year ending March 31, 2022, was Rs. 98,02,292 thousand.
- Net cash flow from operating activities for the year ending March 31, 2021, was Rs. 1,23,26,244 thousand.
- These positive cash flows indicate that the company generated cash from its operating activities during the three years.
Investing Activities:
- Net cash flow from investing activities for the year ending March 31, 2023, was Rs. -85,50,740 thousand.
- Net cash flow from investing activities for the year ending March 31, 2022, was Rs. -88,77,295 thousand.
- Net cash flow from investing activities for the year ending March 31, 2021, was Rs. -1,15,34,551 thousand.
- These activities include the purchase and sale of fixed assets, purchases and sales of investments, and investment income.
Financing Activities:
- Net cash flow from financing activities for the year ending March 31, 2023, was Rs. -5,33,461 thousand.
- Net cash flow from financing activities for the year ending March 31, 2022, was Rs. -7,12,282 thousand.
- Net cash flow from financing activities for the year ending March 31, 2021, was Rs. 15,882 thousand.
- These activities include proceeds from the issuance of share capital and payment of interest/dividends.
Overall, the cash flow statement shows that the company generated positive cash flows from its operating activities, had negative cash flows from its investing activities, and negative cash flows from its financing activities for the given years. The company ended the years with cash and cash equivalents of Rs. 22,43,716 thousand (March 31, 2023), Rs. 21,72,814 thousand (March 31, 2022), and Rs. 19,60,099 thousand (March 31, 2021).
|
Particulars |
2023 |
2022 |
2021 |
2020 |
2019 |
|
Dividend per Share (In Rs.) |
6.00 |
2.47 |
1.67 |
0.52 |
1.00 |
Number of new policies (including Group) added in FY 2023 was 2,90,156, the number is decreased by 7.74% as compared to 2,73,058 number of new policies added in FY 2022.
