Sanima Reliance Life Insurance Q3: Net Profit Jumps 10.77%, Premium Income Soars
11th May 2025, kathmandu
Sanima Reliance Life Insurance Company has published its unaudited financial report for the third quarter of the current fiscal year 2080/81. The report highlights strong growth in premium income, profit, and reserves.
Sanima Reliance Life Insurance Q3
Net Profit Increases by Over 10%
The company recorded a net profit of NPR 337.6 million by the end of Chaitra. This marks a 10.77% growth compared to NPR 304.8 million in the same period last fiscal year. The rise reflects better income management and growing business volume.
Premium Collections Continue to Climb
Sanima Reliance has collected total insurance premiums of NPR 4.79 billion so far this fiscal year. That’s a 12.21% increase from the previous year’s figure of NPR 4.27 billion.
Net insurance premiums also saw a sharp rise. The company reported NPR 4.65 billion in net premiums, which is 15.88% more than last year’s NPR 4.01 billion. This growth indicates the company’s expanding market reach and increasing policyholder base.
Strong Financial Reserves Strengthen Position
The insurer’s paid-up capital remains steady at NPR 5.01 billion. It has maintained strong reserves as well. The special reserve fund holds NPR 309.9 million, while the catastrophe fund and retained earnings both stand at NPR 153.6 million and NPR 309.9 million, respectively.
The company’s life insurance fund has reached a new high. It now holds NPR 17.81 billion, which is a massive 44.24% increase compared to NPR 12.26 billion during the same quarter last year. This shows significant improvement in long-term fund accumulation.
Earnings Per Share Remain Stable
Sanima Reliance’s earnings per share (EPS) are reported at NPR 8.98, signaling consistent performance for investors. The net worth per share stands at NPR 110.60, while its P/E ratio is around 46.03 times. These numbers reflect positive investor confidence in the company’s future.
Income Grows While Expenses Rise
The company’s total income rose to NPR 6.12 billion, driven by strong premium inflows and returns. However, expenses also increased, reaching NPR 5.78 billion. This marks a 17.41% rise in expenditure compared to the same period last year. The rise includes claims, management costs, and policy-related expenses.
Despite higher costs, the company has managed to maintain profitability. Efficient claim settlement and improved fund management have helped balance the financials.
Claim Payments Surge
Net claim payments also jumped during the quarter. The company paid NPR 4.69 billion in claims, compared to NPR 3.83 billion last year. This reflects an increase in policy maturity and benefits payout.
Yet, Sanima Reliance has handled the rise without compromising its fund health. Its ability to meet rising claims while increasing net premiums shows robust financial health.
Positive Outlook for the Future
With growing premiums, solid reserves, and consistent profit, Sanima Reliance Life Insurance is in a strong position. The company’s third-quarter performance demonstrates strategic growth, operational discipline, and trust among policyholders.
The increase in the life insurance fund and retained earnings also highlights its long-term commitment to customer benefits and shareholder value. As the insurance market in Nepal continues to expand, Sanima Reliance is emerging as one of the key players.
Conclusion
Sanima Reliance Life Insurance’s third-quarter report signals strong momentum. From rising net profits to expanding insurance funds, the company is moving forward with financial strength. With stable earnings per share and positive market indicators, it appears well-prepared for sustained growth in the final quarter of the fiscal year.
For more: Sanima Reliance Life Insurance Q3
