SUN Insurance Company Ltd has reported a net profit before tax of $16.88million for its financial year ended December 31, 2025, a 101per cent increase from $8.35million it reported the previous year.
The growth, it said, highlighted the effectiveness of its operational strategies, product innovation and customer-centric approach, which led to gross premiums hitting $54.34 million, an 18per cent increase driven by increased customer acquisition, expansion into new markets and diversified product offerings.
“Our strong performance in 2025 reflects our unwavering commitment to excellence and innovation,” board chairman Padam Lala said.
“We have successfully launched new products tailored to evolving market needs and our expanded distribution channels have allowed us to serve a broader customer base.
“This year’s results are a testament to the dedication and hard work of our entire team.”
On the South Pacific Stock Exchange (SPX), where it is listed, Sun Insurance shares increased by 20.3 per cent over the year and its market capitalisation as of December 31, 2025 stood at about $306 million, based on a share price of $2.55.
During its FY2025, it distributed a total dividend of $6.12 million to more than 550 shareholders.
In its operations, Sun Insurance issued over 5600 new policies and settled more than 3700 claims.
Principal officer Avikash Ram said the company’s improved claims process ensured that their customers receive timely and equitable settlements.
“We believe that providing peace of mind and financial security is not just our duty but our privilege,” he said.
The company’s asset base also saw strong growth, expanding to $144 million, a six per cent increase while its property portfolio grew 38 per cent to $75 million.
The company plans to expand its product portfolio further and to leverage emerging technologies such as artificial intelligence and data analytics to enhance risk assessment and customer service.
This, it said, will make insurance more accessible, affordable and personalised for all customers.
Sun Insurance last traded at $2.54 on SPX when this edition went to press.
