Sun Insurance Company Limited has reported a year of exceptional financial performance, more than doubling its profits and reinforcing its position as a leading player in the market.
In its 2025 Annual Report, the company recorded a net profit before tax of $16.88 million, marking a 102 per cent increase from $8.35 million in 2024.
Gross Written Premium also rose by 18 per cent, reflecting continued customer confidence and expansion across its portfolio.
The company’s total assets reached $144 million by the end of the financial year, highlighting its strong financial stability and resilience.
Sun Insurance’s market performance also showed solid gains, with its share price rising from $2.12 to $2.55 during 2025, a 20 per cent increase. This pushed its market capitalisation to $306 million at year-end.
As at March 31, 2026, the share price stood at $2.28, with a market capitalisation of $273.6 million, indicating sustained investor confidence.
The company also delivered returns to shareholders, declaring total dividends of $6.36 million for the year. An initial interim dividend of $2.52 million was paid in December 2025, with the remaining dividend set for payout in April 2026.
Chairman Padam Lala said the results reflect the company’s strong strategic direction and resilience.
“Our strong performance reflects our resilience, sound strategic direction, and commitment to delivering sustainable value to shareholders,” he said.
Mr Lala added that the company’s growth demonstrates its ability to adapt to changing market conditions while maintaining financial discipline and a strong focus on customers.
