Sun Nepal Life Reports Strong Financial Growth, Profit Up by 9.85%

Kathmandu – Sun Nepal Life has reported robust financial growth  of 166.1 million by the first quarter in the current financial year. The company achieved a net profit of 165.3 million rupees last fiscal year, and this year’s results show continued progress.

The company’s life insurance fund has grown by 9.85%, reaching 8.24 billion rupees, up from 7.5 billion rupees last year. This growth underlines Sun Nepal Life’s focus on expanding its financial base and enhancing customer security.

Sun Nepal Life’s reserve fund stands at 693.2 million rupees. With a paid-up capital of 3.96 billion rupees, the company earned a total insurance fee of 1.16 billion rupees for the current financial year, marking a substantial 22.98% increase from last year.

During the review period, the company’s total claim payments also rose by 51.22% to reach 1.16 billion rupees, reflecting Sun Nepal Life’s commitment to timely and reliable service for its policyholders. The total number of active insurance policies with the company is now 834,033.

Sun Nepal Life’s earnings per share (EPS) stand at Rs 16.78, while its net worth per share is Rs 163.82, showcasing its strong performance and solid shareholder value.