MetLife Insurance Releases Financial Report for FY 2081/82: Key Indicators Show Improvement

Kathmandu, August 15 – MetLife Insurance has publicly released its unaudited financial report for the fourth quarter of the fiscal year 2081/82, revealing a mixed performance. While the company's net profit declined significantly, several key financial indicators demonstrated satisfactory improvement.

According to the report, the insurance company posted a net profit of Rs. 49.61 crore during FY 2081/82. This marks a 40% drop compared to the previous fiscal year's profit of Rs. 82.79 crore.

Despite the decline in profit, MetLife saw strong growth in its Life Insurance Fund, which increased by 15.54% to reach Rs. 2.95 trillion (Rs. 29.58 crore). In the same period last fiscal year, the fund had stood at Rs. 2.56 trillion (Rs. 25.60 crore).

The company's net premium income also recorded a growth of 10.15%, rising from Rs. 5.45 billion (Rs. 5.45 crore) in the previous year to Rs. 6.01 billion (Rs. 6.01 crore) in the reporting fiscal year.

MetLife’s total income climbed from Rs. 8.35 billion to Rs. 8.99 billion, while total expenditures increased from Rs. 7.10 billion to Rs. 8.06 billion, reflecting a rise in operational costs alongside income.

Additionally, the report highlighted a notable rise in agent commissions and related expenses, which surged by 8.59%, from Rs. 486.3 million (Rs. 48.63 crore) to Rs. 528 million (Rs. 52.80 crore).

While the decline in profit is a concern, the growth in the life insurance fund, net premiums, and income indicate ongoing business expansion and customer trust. Company officials are expected to outline strategic steps to improve profitability in the upcoming fiscal year.

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