BSP Life today announced its highest-ever Bonus Allocation of $45.3 million for the 2025 financial year, marking a historic milestone as the company celebrates its 150th anniversary of service in Fiji.
Managing Director Michael Nacola says “Policy-holder bonuses are declared once their financial statements for the preceding financial year have been audited and approved.
Nacola says they are allocated to all active life insurance policies that have investment linked benefits.
He says sustaining consistent bonuses depends on the financial performance of the business, with a large dependency on the returns they receive from their $1.25 billion investment portfolio.
The Managing Director says despite challenging market conditions, 2025 was another successful year for BSP Life with strong contributions across the Group, culminating in the positive bonus outcome.
He says their customers place a high degree of trust in them, and it is gratifying to see their loyalty rewarded through their bonuses.
Nacola says commitments made to life insurance policies are long term, and it takes financial discipline for customers to retain their policies, this loyalty spurs them to strive for excellence in all aspects of their business.
BSP Life recorded a 28 percent increase in sales for standard products versus the prior year, noting the 20 to 29 age demographic as the fastest growing segment and single premium sales were also positive.
Total premiums collected surpassed $100 million, maintaining market leadership across all product lines.
Investments performance, aggregated across its eight asset classes, showed resilience contributing $93 million, an increase of 2 percent versus the previous year.
BSP Life says several large projects with BSP Life shareholding interests are progressing well, including the $250 million Vatu Talei hotel development on Denarau, a joint venture partnership with Fiji Airways.
They say last year the company also announced its partnership with the Kerzner Group from Dubai for the development of an Ultral Luxury Resort in Yasawa under the One & Only brand, due for completion in 2029.
Nacola says few new developments will be announced in 2026 as they work towards their medium-term goal of hitting the $2 billion investment portfolio mark, whilst maintaining consistent returns.
He says simultaneously they are investing in digital, data and product innovation to improve service delivery and grow their market reach, enabling more Fijians to access and be eligible for the proceeds from their financial outcomes.
In 2025, BSP Life paid out FJ$110 million in benefits—averaging FJ$2.1 million per week—supporting customers through life’s milestones and challenges.
They say 72 percent went toward policy maturities, helping customers achieve personal goals and the rest provided vital support for medical needs and bereavement
Bonus allocated to customers totalled $45.3 million, providing tangible value to Policyholders.
