Citizen Life Insurance Q1 FY 2083/84 Net Profit Declines 23.90 Percent to NPR 10 Crore as Life Insurance Fund Crosses NPR 29 Billion

6th November 2026, Kathmandu

Citizen Life Insurance Company Limited has published its un-audited financial report for the first quarter of the fiscal year 2083/84 (ending Ashwin-end 2083).

Citizen Life Net Profit Declines

The insurance firm recorded a 23.90 percent year-on-year drop in net profit to NPR 10 crore, down from NPR 13.14 crore in the corresponding period of the previous fiscal year, as expense growth outpaced top-line revenue gains.

Key Revenue and Profitability Indicators

Core net premium collection posted solid double-digit growth, pushing total revenue higher despite lower profit margins.

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• Net Profit: NPR 10,00,00,000 (Decreased by 23.90% from NPR 13,14,00,000 in Q1 FY 2082/83).
• Net Premium Earned: NPR 2,48,40,00,000 (Up by 16.82% from NPR 2,12,63,00,000 in Q1 FY 2082/83).
• Income from Loans and Investments: NPR 54,50,00,000 (Decreased by 0.73% from NPR 54,89,00,000 in Q1 FY 2082/83).
• Total Income: NPR 3,07,02,00,000 (Up by 13.08% from NPR 2,71,51,00,000 in Q1 FY 2082/83).
• Total Expenses: NPR 2,97,02,00,000 (Up by 14.96% from NPR 2,58,36,00,000 in Q1 FY 2082/83).

Fund Growth and Expense Indicators

Balance sheet reserves expanded significantly during the review period alongside higher commission payouts.

• Life Insurance Fund: NPR 29,16,27,00,000 (Increased by 35.07% from NPR 21,59,10,00,000 in Q1 FY 2082/83).
• Catastrophe Reserve: NPR 27,94,00,000 (Increased by 3.71%).
• Retained Earnings / Reserve Fund: NPR 58,70,00,000 (Increased by 17.81%).
• Agent Commission Expenses: NPR 23,27,00,000 (Up by 14.94% year-on-year).

Capital Base and Shareholder Ratios

Per-share profitability declined alongside net earnings while capital remained unchanged.

• Paid-up Capital: NPR 5,00,00,00,000 (NPR 5 Billion).
• Earnings Per Share (EPS): NPR 8.01 (Decreased from NPR 10.52 in Q1 FY 2082/83).
• Net Worth Per Share: NPR 133.50.

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