Suryayoti Life Reports Strong Q3 Growth, Net Profit Rises Nearly 32%

Kathmandu – SuryaJyoti Life Insurance Company Limited has posted a significant financial performance in the third quarter of the current fiscal year, reflecting consistent growth across key indicators. According to the company’s financial statement made public on Friday, the net profit soared to Rs 295.7 million by the end of Chaitra month, marking a 31.90% increase compared to the Rs 224.2 million earned during the same period last year.

This profit growth has positively impacted the company’s earnings per share (EPS), which rose to Rs 7.87 from Rs 6.58 recorded during the third quarter of the previous fiscal year. The rise in EPS indicates improved returns for shareholders and stronger profitability per unit of share.

A major highlight in the company’s performance is the robust expansion of its life insurance fund, which now stands at Rs 39.45 billion up from Rs 31.84 billion a year ago. The insurer’s net insurance premium income also saw a solid rise, increasing from Rs 6.37 billion to Rs 7.51 billion. Overall total income climbed from Rs 8.89 billion to Rs 10.48 billion.

However, this upward trajectory in revenue was accompanied by a rise in total expenses, which reached Rs 9.91 billion, up from Rs 8.43 billion in the previous year.

SuryaJyoti Life’s financial position remains strong, with net worth per share recorded at Rs 125.41. The company holds a paid-up capital of Rs 5.10 billion and maintains reserves of Rs 391.9 million in its disaster fund and Rs 420 million in its reserve fund.