SUN Insurance Company Ltd has announced a remarkable net profit before tax of $16.88 million for the financial year ending December 31, 2025, marking a significant increase of 101% compared to last year’s profit of $8.35 million. This impressive growth underscores the effectiveness of the company’s operational strategies, innovative product offerings, and a strong customer-centric approach, leading to gross premiums reaching $54.34 million, an 18% rise fueled by increased customer acquisition and expansion into new markets.
Board chairman Padam Lala expressed pride in the company’s performance, stating, “Our strong performance in 2025 reflects our unwavering commitment to excellence and innovation.” He noted the successful launch of products tailored to changing market needs and the expansion of distribution channels to reach a broader customer base. Lala credited the results to the dedication and hard work of the entire team.
On the South Pacific Stock Exchange (SPX), where Sun Insurance is listed, the company saw its shares rise by 20.3% over the year, with a market capitalization of approximately $306 million as of December 31, 2025, based on a share price of $2.55. The company also distributed a total dividend of $6.12 million to more than 550 shareholders during FY2025.
Furthermore, Sun Insurance reported issuing over 5,600 new policies and successfully settling more than 3,700 claims. Principal officer Avikash Ram highlighted the company’s improved claims process, which ensures that customers receive timely and fair settlements, stating, “We believe that providing peace of mind and financial security is not just our duty but our privilege.”
The company’s asset base experienced robust growth, expanding to $144 million, a 6% increase, and its property portfolio grew by an impressive 38% to $75 million. Looking ahead, Sun Insurance plans to further expand its product portfolio and leverage emerging technologies, including artificial intelligence and data analytics, to enhance risk assessment and customer service. This strategic move aims to make insurance more accessible, affordable, and personalized for all customers.
As the market stands, Sun Insurance last traded at $2.54 on the South Pacific Stock Exchange, reflecting the company’s positive momentum and strong market presence.