SUN Insurance Company Ltd has reported a notable pre-tax net profit of $16.88 million for the financial year ending December 31, 2025, which represents an impressive 101% increase from last year’s profit of $8.35 million. This robust growth serves as a testament to the effectiveness of the company’s operational strategies, innovative product offerings, and a strong customer-centric approach. Gross premiums reached $54.34 million, reflecting an 18% rise driven by enhanced customer acquisition efforts and expansion into new markets.
Chairman Padam Lala expressed his pride in the company’s achievements, noting, “Our strong performance in 2025 reflects our unwavering commitment to excellence and innovation.” He emphasized the successful launch of products that meet evolving market demands, alongside the expansion of distribution channels to connect with a wider customer demographic. Lala attributed these results to the dedication and hard work of the entire team.
On the South Pacific Stock Exchange (SPX), SUN Insurance’s shares experienced a significant uptick of 20.3% over the year, with a market capitalization of approximately $306 million by the end of December 2025, based on a share price of $2.55. The company also distributed a total dividend of $6.12 million to over 550 shareholders during FY2025.
In addition, SUN Insurance issued more than 5,600 new policies and successfully processed over 3,700 claims. Avikash Ram, the principal officer, highlighted the company’s enhanced claims process, ensuring timely and fair settlements for customers. “We believe that providing peace of mind and financial security is not just our duty but our privilege,” he stated.
The company’s asset base grew to $144 million, reflecting a 6% increase, while its property portfolio expanded by a remarkable 38% to reach $75 million. Looking ahead, SUN Insurance aims to broaden its product offerings and harness emerging technologies like artificial intelligence and data analytics to improve risk assessment and customer service. This strategic direction seeks to make insurance more accessible, affordable, and personalized for a diverse range of customers.
As per recent trading updates, SUN Insurance shares last traded at $2.54 on the South Pacific Stock Exchange, reflecting strong market momentum and the company’s solid presence in the sector.