Citizen Life Reports Strong Third-Quarter Growth, Life Insurance Fund Reaches Rs 24.55 Billion

Kathmandu — Citizen Life Insurance has reported strong growth in its third-quarter financial results for the current fiscal year, with its life insurance fund rising to Rs 24.55 billion as of mid-April 2026.

According to the company’s latest financial statement, the size of the life insurance fund increased by 36% compared to the same period last year. During the corresponding period of the previous fiscal year, the fund stood at approximately Rs 18 billion. Within a year, the company expanded the fund by more than Rs 6 billion, crossing the Rs 24 billion threshold.

In the life insurance industry, the size of the insurance fund is widely regarded as a key measure of a company’s financial strength and its ability to absorb risk, as the fund serves as a reserve against future policy liabilities.

Citizen Life posted a modest increase in net profit during the review period. The company’s profit rose to Rs 360 million from Rs 357.6 million recorded during the same period last year. However, profits reported by life insurers remain subject to change following actuarial valuation adjustments.

The company’s total income rose by 19.78% year-on-year to more than Rs 7.56 billion, compared to Rs 6.31 billion in the corresponding period of the previous fiscal year.

The growth in income was primarily driven by higher returns from investments and increased earnings from loans issued against insurance policies.

Expenses also increased during the period. Citizen Life’s total expenditure rose by 20.92% to Rs 7.20 billion during the first nine months of the fiscal year, up from Rs 5.96 billion a year earlier. The rise was mainly attributed to higher business promotion expenses, employee costs, and other operational expenditures.

The number of active insurance policies, however, declined during the review period. The company had 1.015 million active policies in the previous fiscal year, but the figure fell to 788,000 during the first nine months of the current fiscal year.

Citizen Life reported earnings per share of Rs 9.60, slightly higher than Rs 9.54 recorded a year earlier. The company’s net worth per share stood at Rs 131.17.

Despite a challenging business environment marked by declining interest rates and pressure on large companies, Citizen Life managed to expand its operations and grow earnings, reflecting strong management performance and a continued focus on long-term business growth.