25th April 2025, Kathmandu
SuryaJyoti Life Insurance has released its unaudited financial results for the third quarter of fiscal year 2081/82. The company has shown impressive growth, with a 31% increase in its net profit compared to the same period last year.
SuryaJyoti Life Insurance Q3 Results
Profit Growth and Financial Performance
For the third quarter of this fiscal year, SuryaJyoti Life Insurance reported a net profit of NPR 29.57 crore. This is a significant rise of 31.90% from NPR 22.42 crore in the previous year. This growth comes from increased income from premiums and overall higher revenue generation.
The company’s life insurance fund also grew. As of the end of Chaitra, it reached NPR 39.45 billion, showing a 23.90% increase from the previous year’s NPR 31.84 billion. This strong performance indicates the company’s expanding market presence and growing trust among policyholders.
Premium Income and Revenue Surge
SuryaJyoti Life Insurance collected NPR 7.63 billion in gross premiums during this period. This marks a 17.07% increase over the same period last year, when the company collected NPR 6.52 billion. The rise in gross premium income contributed significantly to the company’s profit growth.
In terms of net premium income, the company earned NPR 7.51 billion, a 17.85% increase compared to the previous year’s NPR 6.37 billion. This improvement reflects the company’s ability to generate more income from its policies while managing its operations efficiently.
Key Financial Metrics
In addition to the profit and premium growth, several other key financial figures highlight the company’s strength:
Catastrophe Fund: NPR 39.19 million
Retained Earnings: NPR 41.19 million
Other Equity: NPR 45.99 million
Paid-up Capital: NPR 5.01 billion
These figures demonstrate the company’s solid financial position, which supports its long-term stability and capacity to handle unforeseen financial challenges.
Earnings Per Share and Market Position
SuryaJyoti Life Insurance also reported an increase in its earnings per share (EPS). The annualized EPS has risen to NPR 7.87, compared to NPR 6.58 last year. This increase signals the company’s growing profitability and its positive outlook for future earnings.
The company’s net worth per share stands at NPR 125.41. Additionally, the price-to-earnings (P/E) ratio is reported at 55.90x. These indicators show that the company is performing well in the market and maintaining a strong financial position.
As of the latest trading session, the share price closed at NPR 439.30 per share, reflecting investor confidence and the company’s strong financial results.
Conclusion
SuryaJyoti Life Insurance has had a strong performance in the third quarter of FY 2081/82. The 31% profit increase and the growth in both premium income and life insurance funds highlight the company’s solid business foundation. The company’s financial strength, reflected in its increased EPS and paid-up capital, positions it well for future growth.
With its continued performance, SuryaJyoti Life Insurance is expected to remain a prominent player in Nepal’s insurance market. The company’s positive financial results signal a bright future, attracting both investors and policyholders.
For more: SuryaJyoti Life Insurance Q3 Results