Sanima Reliance Life Insurance’s Profit Rises 7.60%, Life Insurance Fund Grows to Rs 19.29 Billion

Kathmandu — Sanima Reliance Life Insurance Company Limited has posted a net profit of Rs 377.4 million for the fiscal year 2081/82, reflecting a 7.60% increase from Rs 350.8 million in the previous year.

According to the company’s financial statements, the life insurance fund expanded by 34.60% to Rs 19.29 billion, compared to Rs 14.33 billion a year earlier. Net insurance premium income rose by 15.29% to Rs 6.76 billion, up from Rs 5.86 billion in the previous fiscal year

During the review period, total income increased by 15.49% to Rs 8.69 billion, while total expenses rose by 15.81% to Rs 8.31 billion. The company’s paid-up capital grew by 19.86% to Rs 5.01 billion, and its retained earnings reached Rs 342.6 million.

Additionally, Sanima Reliance Life reported earnings per share (EPS) of Rs 7.53 and a net worth per share of Rs 111.5.