Sun Nepal Life Records Rs 282.2 Million Profit in Q2 Despite Regulatory Challenges

Kathmandu – Sun Nepal Life Insurance has reported a net profit of Rs 282.2 million in the second quarter of the current fiscal year. The company’s latest financial statement, published today, shows a decline in profit compared to Rs 328.4 million recorded in the same period last year. The drop in profitability has been attributed to regulatory policies affecting the operation of foreign employment term insurance.

Despite the decline in profit, Sun Nepal Life has demonstrated strong financial growth in key areas. The company accumulated Rs 8.96 billion in its life insurance fund, marking a significant increase from Rs 6.43 billion in the previous year. Additionally, the company’s total investment during the review period reached Rs 10.28 billion.

In terms of revenue, the insurer generated Rs 2.45 billion in total insurance premium income while settling claims worth Rs 727.2 million. As of the second quarter, Sun Nepal Life’s earnings per share (EPS) stood at Rs 14.25, while its net worth per share was reported at Rs 166.12. The company’s price-to-earnings (PE) ratio was 42.25, and its total asset value per share reached Rs 406.17.