Sun Nepal Life Insurance has posted impressive financial results for the fiscal year 2080, crossing Rs 4.5 billion in total business. The company’s life insurance fund saw significant growth, increasing by 32.68% to reach Rs 10.10 billion, up from Rs 7.60 billion the previous year.
In its latest financial statement, Sun Nepal Life announced a profit of Rs 542.4 million for the review year, a slight decrease of 5.65% compared to the previous year’s profit of Rs 574.9 million.
Despite this dip, the company showed strong overall growth, especially in its total insurance premiums, which grew by 16.83% to Rs 4.53 billion, compared to Rs 3.88 billion in the previous fiscal year.
The company’s disaster fund also grew substantially, reaching Rs 196.6 million, up from Rs 145.7 million last year. Retained earnings and other equities also saw increases, with retained earnings rising to Rs 986.8 million from Rs 489.4 million, and other equities increasing to Rs 292.9 million from Rs 281.2 million the previous year.
Sun Nepal Life’s strong performance highlights its stability and growth in the competitive life insurance market, reflecting a solid foundation for future expansion.
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