SuryaJyoti Life Insurance Posts Marginal 1.45% Profit Growth Amid Strong Premium Income Rise

SuryaJyoti Life Insurance Company Limited has announced its financial results for the fiscal year 2081/82, reporting a modest rise in net profit alongside a strong increase in net premium income.

Slight Increase in Profit Despite Strong Premium Growth
The company posted a net profit of NPR 350 million, up 1.45% from NPR 345.2 million in the previous fiscal year. The relatively small profit increase, despite significant revenue growth, indicates higher expenses that offset the gains from premium income.

Premium Income and Revenue Performance
Net premium income rose sharply by 22.83% to NPR 11.18 billion, reflecting strong policy sales and business expansion. Total income for the year stood at NPR 15.13 billion, while total expenses reached NPR 14.52 billion, showing that operational and claims costs consumed the bulk of earnings.

Earnings Per Share and Financial Strength
Earnings per share (EPS) inched up from NPR 6.89 to NPR 6.99, indicating stable profitability. The company’s net worth per share was NPR 126.85, demonstrating a solid capital base. SuryaJyoti Life’s paid-up capital remained at NPR 5 billion, providing a strong platform for underwriting growth.
SuryaJyoti Life Insurance’s FY 2081/82 results highlight a company with strong revenue momentum but limited profit growth due to rising expenses. While the sharp increase in premium income reflects healthy business expansion, the narrow improvement in net profit suggests that cost control and operational efficiency will be key focus areas going forward. Maintaining expense discipline while sustaining premium growth could help improve profitability and deliver better returns to shareholders in future periods.