Net Profit of 14 Life Insurance Companies Grows by 11.66 Percent
May 14, 2025 | Investopaper
Profit is the major indicator for any business operation. Higher profitability is associated with the success of the business venture. Net Profit is the income available for the distribution to the shareholders after deducting all the operating expenses along with taxes. Hence, it is essential that the company generates decent profit in order to provide an adequate return on investment to the shareholders.
Suggested Readings:
As of Chaitra’s end 2081 BS, there are 14 life insurance companies operating in Nepal. These life insurance companies have reported a total profit of Rs 488.68 crores in the 9 months of the current fiscal year 2081/82. This is 11.66 percent higher as compared to the same period of the previous fiscal year. In the 9 months of the fiscal year 2080/81, they had generated a total profit of Rs 437.65 crores.
Nepal Life Insurance Company Limited (NLIC) is at the number one spot in terms of profit with Rs 65.22 crores. It is followed by Himalayan Life Insurance Limited (HLI)and Reliable Nepal Life Insurance Company Limited (RNLI) with a profit of Rs 47.24 crores and Rs 46.57 crores respectively. On the other hand, Rastriya Jeevan Beema Company Limited has the lowest profit of Rs 1.54 crores in the 9 months period.
The table below presents the net profit generated by the life insurance companies of Nepal.
Net Profit Of Life Insurance Companies In Nepal (Q3, FY 2081/82)
Net Profit (Rs. In Crores)
| S.N | Life Insurance Companies In Nepal | Q3, FY 2081/82 | Q3, FY 2080/81 | Percent Change |
| 1 | Nepal Life Insurance Co. Ltd. | 65.22 | 60.03 | 8.65 |
| 2 | Himalayan Life Insurance Ltd. | 47.24 | 43.54 | 8.50 |
| 3 | Reliable Nepal Life Insurance Co. Ltd. | 46.57 | 34.02 | 36.89 |
| 4 | National Life Insurance Co. Ltd. | 40.85 | 38.83 | 5.20 |
| 5 | IME Life Insurance Co. Ltd. | 36.63 | 33.15 | 10.50 |
| 6 | Citizen Life Insurance Co. Ltd. | 35.76 | 28.13 | 27.12 |
| 7 | Met Life ALICO Co. Ltd. | 34.51 | 28.13 | 22.68 |
| 8 | Sanima Reliance Life Insurance Ltd. | 33.76 | 30.48 | 10.76 |
| 9 | Asian Life Insurance Co. Ltd. | 33.47 | 20.98 | 59.53 |
| 10 | Sun Nepal Life Insurance Co. Ltd. | 32.89 | 49.36 | -33.37 |
| 11 | Surya Jyoti Life Insurance Co. Ltd. | 29.57 | 22.42 | 31.89 |
| 12 | Prabhu Mahalaxmi Life Insurance Ltd. | 27.07 | 26.89 | 0.67 |
| 13 | LIC Nepal Ltd. | 23.6 | 19.24 | 22.66 |
| 14 | Rastriya Jeevan Beema Company Ltd. | 1.54 | 2.45 | -37.14 |
| Total | 488.68 | 437.65 | 11.66 |
Source: Unaudited Q3 Report, FY 2081/82
Net Profit Of Life Insurance Companies In Nepal (FY 2080/81)
Net Profit (Rs. In Crores)
| S.N | Life Insurance Companies In Nepal | FY 2080/81 | FY 2079/80 | Percent Change |
| 1 | Himalayan Life Insurance Ltd. | 63.38 | 52.12 | 21.60 |
| 2 | Sun Nepal Life Insurance Co. Ltd. | 57.49 | 78.25 | -26.53 |
| 3 | IME Life Insurance Co. Ltd. | 51.45 | 20.99 | 145.12 |
| 4 | Nepal Life Insurance Co. Ltd. | 51.39 | 39.29 | 30.80 |
| 5 | Met Life ALICO Co. Ltd. | 50.41 | 76.54 | -34.14 |
| 6 | Reliable Nepal Life Insurance Co. Ltd. | 42.63 | 33.42 | 27.56 |
| 7 | National Life Insurance Co. Ltd. | 40.63 | 25.25 | 60.91 |
| 8 | Surya Jyoti Life Insurance Co. Ltd. | 39.65 | 16.11 | 146.12 |
| 9 | Prabhu Mahalaxmi Life Insurance Ltd. | 36.61 | 17.91 | 104.41 |
| 10 | Sanima Reliance Life Insurance Ltd. | 35.08 | 21.93 | 59.96 |
| 11 | Asian Life Insurance Co. Ltd. | 32.85 | 24 | 36.88 |
| 12 | Citizen Life Insurance Co. Ltd. | 32.47 | 10.25 | 216.78 |
| 13 | LIC Nepal Ltd. | 23.85 | 75.34 | -68.34 |
| 14 | Rastriya Jeevan Beema Company Ltd. | 15.36 | 6.26 | 145.37 |
| Total | 573.25 | 497.66 | 15.19 |
Source: Unaudited Q4 Report, FY 2080/81
Note: The net profit of life insurance companies is based on the unaudited quarterly report published by the companies. Hence, it may vary substantially after the audit, especially after the actuarial valuation of the life assurance fund.
