Sanima Reliance Life Reports 19% Profit Growth, Highlights Strong Financial Performance

Kathmandu – Sanima Reliance Life Insurance Company has published its financial results for the first quarter of the current fiscal year 2081-082, reflecting significant growth across key financial indicators.

The company recorded a profit of Rs. 132.9 million in the first three months, marking a 19.93% increase from Rs. 118 million in the same period last year. However, Reliance Life cautioned that profit figures may vary depending on insurance evaluation adjustments.

Sanima Reliance Life’s total insurance premium income grew by 3.27% to reach Rs. 1.56 billion, up from Rs. 1.53 billion in the previous fiscal year. Meanwhile, the company’s total claim payments dropped by 13.57%, amounting to Rs. 465.1 million.

The company’s life insurance fund showed solid growth, increasing by 8.63%. As of mid-October, the fund size reached Rs. 16.66 billion, compared to Rs. 14.79 billion in the same period last year, underscoring the company’s robust financial position.

Sanima Reliance Life’s paid-up capital stands at Rs. 4.95 billion, with a reserve fund of Rs. 4.131 billion. The company’s earnings per share (EPS) reached Rs. 10.74, while its per-share net worth climbed to Rs. 112.41.