SUN Insurance Ltd has more than doubled its pre-tax profit in the year to December 31, 2025, reporting $16.88 million — a 102 per cent increase on the $8.35 million recorded the previous year. The result, disclosed in the insurer’s annual results, marks a strong second year as a publicly listed company following its August 2024 listing on the South Pacific Stock Exchange.
The company said growth was underpinned by an 18 per cent year-on-year rise in gross written premium and prudent balance sheet management, with total assets standing at $144 million at year end. SUN’s share price gained about 20 per cent across the period, rising from $2.12 to $2.55, and the company’s market capitalisation was $306 million as at December 31, 2025. The stock was last reported trading at $2.25 when this edition went to press.
SUN declared total dividends of $6.36 million for the year. The insurer paid a first interim dividend of $2.52 million in December 2025 and has declared the balance as a second interim dividend to be paid in April 2026. Management framed the dividends as part of a commitment to deliver sustained returns to shareholders as the business expands its footprint.
Chairman Padam Lala said the results reflected “resilience, sound strategic direction, and commitment to delivering sustainable value to shareholders.” He highlighted the company’s ability to adapt to market dynamics while maintaining financial discipline and customer focus, and reiterated plans to prioritise innovation and customer-centric solutions to consolidate its regional position.
The performance represents a notable step-up for SUN in its early years as a publicly traded company. Listing on the SPX in August 2024 gave the insurer broader access to capital and higher public visibility; the jump in premiums and profit in the following financial year will be closely watched by investors evaluating growth prospects across Fiji’s financial services sector.
Investors will be paying attention to the April 2026 dividend payment and how SUN translates premium growth into sustained underwriting margins amid a competitive market. Management’s emphasis on strengthening operational performance and market presence suggests the company is targeting both top-line expansion and tighter cost and risk controls as it seeks to build on this year’s gains.