Reliable Nepal Life Reports Strong Growth in Life Insurance Fund, Income; Fund Reaches Rs 19.41 Billion
Kathmandu — Reliable Nepal Life Insurance Company recorded significant growth in its life insurance fund and total income during the first quarter of fiscal year 2026/27 (mid-July to mid-October 2026).
According to the company’s financial statements up to mid-October 2026, its life insurance fund increased by 35.61 percent to Rs 19.41 billion, compared with Rs 14.31 billion during the same period last fiscal year.
The company’s net earned premiums also rose by 23.85 percent to Rs 1.77 billion during the review period. It had collected Rs 1.43 billion in net earned premiums in the first quarter of the previous fiscal year.
The company also recorded substantial growth in total income. Its total income increased by 39.15 percent to Rs 2.34 billion, compared with Rs 1.68 billion during the corresponding period last fiscal year.
Similarly, income from loans and investments increased by 17.43 percent to Rs 403.41 million, up from Rs 343.53 million in the first quarter of the previous fiscal year.
The company’s retained earnings also improved, rising by 1.36 percent to Rs 824.50 million from Rs 813.44 million during the same period last year.
Reliable Nepal Life has a paid-up capital of Rs 5.20 billion, while its catastrophe reserve stands at Rs 287.40 million. The company paid a total of Rs 455.92 million in claims during the review period, a 39.31 percent increase from Rs 327.27 million in the first quarter of the previous fiscal year.
Likewise, the company’s commission expenses increased by 20.87 percent to Rs 165.82 million, compared with Rs 137.19 million in the corresponding period last year.
Despite significant improvements in income and indicators of insurance business expansion, the company’s net profit declined. It reported a net profit of Rs 229.07 million during the review period, down 11.39 percent from Rs 258.50 million in the first quarter of the previous fiscal year.
The company’s earnings per share (EPS) also fell to Rs 17.63 from Rs 19.90.