Nepal Life Insurance’s Net Profit Falls 28%

Kathmandu — Nepal Life Insurance Company reported a net profit of Rs 153.50 million in the first quarter of the current fiscal year mid-July to mid-October, 2026/27 (Shrawan to Ashoj, ), down 28.75 percent from Rs 215.50 million in the same period last fiscal year.

According to the company’s financial statements, total income increased by 10.39 percent to Rs 20.27 billion by mid-october, compared with Rs 18.36 billion in the corresponding period last year. However, total expenses also rose by 11.43 percent to Rs 19.26 billion from Rs 17.28 billion.

The company’s net premium income increased by 10.08 percent to Rs 14.72 billion during the review period, up from Rs 13.37 billion in the first quarter of the previous fiscal year. Similarly, income from loans and investments grew by 14.37 percent to Rs 4.51 billion, compared with Rs 3.94 billion in the same period last year.

The company’s life insurance fund also expanded by 16.69 percent, reaching Rs 286.47 billion by mid-October, up from Rs 245.50 billion a year earlier. Its catastrophe reserve fund increased by 0.83 percent, while retained earnings rose by 16.21 percent.

The company also recorded growth in its insurance business. The number of policies increased from 2,002,357 in the first quarter of the previous fiscal year to 2,179,871 by mid-October in the current fiscal year.

Meanwhile, the company’s earnings per share (EPS) declined to Rs 6.48 from Rs 9.55 in the corresponding period last year. Its net worth per share stood at Rs 127.78. The company’s paid-up capital remained unchanged at Rs 9.48 billion.