Sanima Reliance Life’s Net Earned Premium Reaches Rs 2.19 Billion; Life Insurance Fund Grows 28.53%

Kathmandu — Sanima Reliance Life Insurance Company recorded significant growth in its life insurance fund, net earned premiums and total income during the first quarter of fiscal year 2026/27 (mid-July to mid-October 2026, Shrawan to Ashoj 2083).

According to the company’s financial statements up to the end of Ashoj 2083 (mid-October 2026), its life insurance fund increased by 28.53 percent to Rs 26.83 billion from Rs 20.88 billion during the corresponding period of the previous fiscal year, up to Ashoj 2082 (mid-October 2025).

Similarly, the company’s net earned premiums rose by 23.12 percent to Rs 2.19 billion, compared with Rs 1.78 billion during the first quarter of the previous fiscal year.

The company also recorded growth in total income. During the review period, its total income increased by 18.04 percent to Rs 2.66 billion from Rs 2.25 billion in the corresponding period last year.

However, income from loans and investments remained almost unchanged, declining slightly by 0.02 percent to Rs 397.73 million from Rs 397.80 million.

The company’s reserves and retained earnings also improved. Retained earnings increased by 68.45 percent to Rs 606.22 million, up from Rs 359.88 million in the first quarter of the previous fiscal year. Likewise, its catastrophe reserve grew by 14.86 percent to Rs 213.55 million from Rs 185.93 million.

The company paid Rs 432.31 million in gross claims during the review period, an increase of 8.15 percent from Rs 399.72 million in the corresponding period last year. Commission expenses also increased by 23.47 percent to Rs 211.34 million, compared with Rs 171.16 million a year earlier.

Sanima Reliance Life recorded a slight increase in net profit, earning Rs 150.21 million during the review period, up 0.40 percent from Rs 149.61 million in the first quarter of the previous fiscal year.

Its earnings per share (EPS) also increased from Rs 11.93 to Rs 11.98, while net worth per share stood at Rs 118.21. The company reported a total of 505,869 policies, compared with 608,152 in the corresponding period last year.