Life Insurers Earn Rs 4.59 Billion in Nine Months, Profits Fall at Four Companies While Ten Post Growth
Kathmandu — Nepal’s life insurance industry reported a decline in overall profitability by the end of the third quarter of fiscal year 2025/26 A.D. (2082/83 B.S.), despite most companies posting profit growth during the review period.
According to the unaudited financial statements published by life insurance companies, the combined net profit of 14 life insurers stood at Rs 4.59 billion during the first nine months of the fiscal year. During the same period last year, the sector had reported a combined profit of Rs 4.86 billion.
Based on these figures, the overall profit of the life insurance sector declined by 5.55% year-on-year. The contraction was largely driven by weaker earnings at a few major companies with significant market share.
Reliable Nepal Life Insurance emerged as the most profitable life insurer during the review period, posting a net profit of Rs 470.4 million by mid-April 2026, slightly higher than Rs 465.7 million recorded a year earlier.
However, Nepal Life Insurance, which has long maintained a dominant position in the market, reported a notable decline in earnings. The company’s net profit fell by 27.40% to Rs 454.8 million, compared to Rs 626.6 million during the same period last year.
National Life Insurance earned Rs 416.6 million in profit, while IME Life Insurance posted Rs 367.9 million.
Citizen Life Insurance reported a net profit of Rs 360 million, while Asian Life Insurance earned Rs 347.3 million. Sanima Reliance Life Insurance posted Rs 340.8 million in profit, and Sun Nepal Life Insurance reported Rs 340 million.
SuryaJyoti Life Insurance earned Rs 330.3 million during the review period, while Life Insurance Corporation Nepal posted Rs 320.4 million in profit. LIC Nepal recorded the highest profit growth rate in the sector at 35.78%.
Similarly, MetLife Nepal earned Rs 302.5 million, Prabhu Mahalaxmi Life Insurance reported Rs 275 million, and Himalayan Life Insurance posted Rs 261.4 million in net profit.
Himalayan Life, however, saw one of the steepest declines in earnings during the review period, with profit falling by 44.66% year-on-year.
The financial position of the state-owned Rastriya Beema Sansthan appeared even weaker. The company reported a net profit of only Rs 4 million by mid-April 2026, representing a 73.95% decline compared to the previous fiscal year.