Life Insurers Earn Rs 5 Billion in Profit in a Year; IME and Reliable Lead, Citizen Posts Strongest Growth

Kathmandu — Nepal’s life insurance companies earned a combined net profit of nearly Rs 5.5 billion in fiscal year 2025/26. According to the fourth-quarter financial statements published by the insurers, 14 life insurance companies earned a total profit of Rs 5.45 billion during the year.

The combined profit was 10.53 percent lower than in the previous fiscal year, when life insurance companies had earned Rs 6.09 billion.

In terms of total profit, IME Life Insurance led the sector, while Citizen Life Insurance recorded the highest growth. The companies have attributed their financial progress to greater agent activity and improvements in their business operations.

IME Life Insurance earned a net profit of Rs 584.2 million during the review period, an increase of 0.16 percent from the same period a year earlier.

Reliable Nepal Life ranked second, with its profit increasing 2.18 percent from Rs 570.1 million to Rs 582.6 million. Nepal Life, meanwhile, saw its profit decline 15.02 percent to Rs 465.4 million.

By the end of the fourth quarter, San Nepal Life had earned a net profit of Rs 418.6 million. This was 22.84 percent lower than its profit in the previous fiscal year.

Asian Life’s profit increased 1.19 percent to Rs 414.2 million. LIC Nepal also recorded strong growth, with its profit rising 28 percent to Rs 405.7 million.

Citizen Life posted the strongest year-on-year growth among the insurers. Its profit increased 106.63 percent from the previous fiscal year to Rs 390.8 million.

Sanima Reliance Life’s profit rose 1.69 percent to Rs 383.8 million, while SuryaJyoti Life recorded an 8.55 percent increase to Rs 380.2 million.

MetLife’s profit, however, declined sharply by 55 percent to Rs 379.2 million. Prabhu Mahalaxmi Life recorded a modest 1.31 percent increase, with its profit reaching Rs 375.5 million.

National Life’s profit fell 10 percent to Rs 370.6 million, while Himalayan Life reported a 41 percent decline to Rs 317.7 million.

State-owned Rastriya Jeevan Beema Company was the only insurer to report a negative result. The company recorded a loss of Rs 23.8 million during the last fiscal year.

Note: The actual profit of life insurance companies can be determined only after actuarial valuation.