LIC Nepal’s Q1 Net Profit Soars 37.47% in Q1 of the Current FY

Kathmandu — Life Insurance Corporation (Nepal) Limited (LIC Nepal) has posted a net profit of Rs 108.3 million in the first quarter of the current fiscal year, reflecting a robust 37.47 percent growth compared to the Rs 78.8 million earned during the same period last year.

LIC Nepal’s life insurance fund continued to expand steadily, increasing by 10.64 percent to Rs 136.95 billion, up from Rs 123.78 billion in the first quarter of the previous fiscal year. The insurer also recorded an improvement in its investment performance, with net interest income rising by 9.11 percent from Rs 454.84 billion to Rs 496.29 billion.

The company’s total income climbed by 5 percent, reaching Rs 813.98 billion, compared to Rs 775.20 billion in the corresponding period last year. Alongside the rise in revenue, total expenses also grew by 5.83 percent to Rs 7.40 billion, up from Rs 7.16 billion, driven by higher operational and agent-related costs.

Agent commissions saw a notable increase as well. LIC Nepal paid Rs 345.8 million in commissions during the first quarter, a 20.36 percent rise from the Rs 287.3 million paid in the same period last year.

The insurer maintains a paid-up capital of Rs 5.5 billion, a share premium reserve of Rs 498 million, Rs 691.6 million in its catastrophe fund, and Rs 3.91 billion in its reserve fund. Reflecting improved profitability, the company’s earnings per share (EPS) rose from Rs 5.98 to Rs 7.88, while its net worth per share stands at Rs 183.32.