Sanima GIC Reports Higher Premium Income, Profit Drops Sharply

Kathmandu — Sanima GIC Insurance posted a net profit of Rs 51.3 million by the end of the third quarter of fiscal year 2025/26, marking a sharp decline from Rs 233.5 million recorded during the same period last year.

According to the company’s unaudited financial statement, net profit fell by nearly 78% year-on-year despite growth in insurance income.

Sanima GIC’s net earned premium increased to Rs 534.3 million during the review period, compared to Rs 495.2 million in the corresponding period of the previous fiscal year.

The company’s gross written premium also rose significantly, reaching Rs 1.97 billion, up from Rs 1.68 billion a year earlier.

However, total income declined to Rs 901 million from Rs 1.02 billion recorded during the same period last year. At the same time, total expenses increased to Rs 827.6 million, compared to Rs 692.8 million in the previous fiscal year.

The company’s earnings per share (EPS) dropped sharply to Rs 3.19 from Rs 15.57 a year earlier Net worth per share stood at Rs 153.04, while the price-to-earnings ratio was recorded at 155.5 times.

On the balance sheet side, Sanima GIC’s total assets increased to Rs 8.88 billion, compared to Rs 8.18 billion at the end of the previous fiscal year.

The company’s reserve fund also expanded to Rs 1.92 billion. Sanima GIC, which has a paid-up capital of Rs 2.15 billion, has maintained Rs 48.5 million in its catastrophe reserve fund and Rs 775.2 million in its special reserve.

The company’s total investments stood at Rs 3.35 billion during the review period.