Nepal Life Insurance Posts Rs 215.5 Million Net Profit in Q1, Up 4.94%

Kathmandu — Nepal Life Insurance Company Limited has reported a net profit of Rs 215.5 million in the first quarter of the current fiscal year, marking a 4.94 percent increase from the Rs 205.4 million earned during the same period last fiscal year.

The insurer’s insurance fund expanded significantly during the review period, increasing by 17.78 percent from Rs 204.49 billion to Rs 208.44 billion. This growth reflects the company’s continued expansion in policy distribution and long-term fund accumulation.

Nepal Life’s net insurance premium income rose by 13.18 percent, reaching Rs 133.69 billion, compared to Rs 118.19 billion in the first quarter of last year. Likewise, the company’s total income surged to Rs 183.64 billion, up from Rs 17.97 billion. During the same period, total expenses climbed from Rs 165.77 billion to Rs 172.28 billion, driven by rising operating and policy servicing costs.

Commission expenses also increased, with the company paying Rs 960.4 million in commissions—a rise of 10.24 percent from last year’s Rs 871.2 million.

Despite the growth in profit and premium income, Nepal Life’s earnings per share (EPS) declined slightly from Rs 10.01 to Rs 9.55. The company’s net worth per share stands at Rs 138.14.

Nepal Life currently maintains a paid-up capital of Rs 9.28 billion, along with Rs 1.34 billion in its disaster fund and Rs 1.399 billion in its reserve fund.