Sun Nepal Life Posts Higher Profit, Life Insurance Fund Nears Rs 12 Billion

Kathmandu — Sun Nepal Life Insurance has published its third-quarter financial results for the current fiscal year, reporting a modest increase in profit and continued growth in its life insurance fund.

According to the company’s financial statement, net profit increased by 3.35% year-on-year to Rs 340 million by mid-April 2026 (Chaitra 2082) compared to Rs 328.9 million recorded during the same period last year.

The company’s life insurance fund also expanded significantly, rising by 25% to more than Rs 11.90 billion from Rs 9.51 billion during the corresponding period of the previous fiscal year.

However, the financial statement shows a slight decline in income during the review period. Net earned premium income fell by 5% to Rs 3.52 billion, compared to Rs 3.71 billion recorded a year earlier.

Sun Nepal Life’s total income declined by 1.61% during the review period, while total expenses increased by 1.76%.

Commission expenses paid to insurance agents rose sharply by 10.12%, crossing Rs 316.7 million during the first nine months of the fiscal year.

Earnings per share (EPS) declined to Rs 8.55 from Rs 11.07 recorded during the same period last year. Net worth per share stood at Rs 141.38.

The company, which has a paid-up capital of Rs 5.28 billion, has maintained Rs 233.2 million in its catastrophe reserve fund and Rs 306.4 million in its reserve fund.