Asian Life Insurance Upgraded to ‘A’ Rating by Infomerics Nepal

Kathmandu — Asian Life Insurance Company Limited has received a major credit boost as Infomerics Credit Rating Nepal Limited upgraded its issuer rating to Single A (Issuer) from the earlier Single A Minus (Issuer). The upgrade reflects the company’s growing financial stability, strong operational performance, and strategic business decisions.

According to Infomerics Nepal, an “A” rated issuer is considered to have sufficient security regarding timely financial obligations, with low credit risk, making it a reliable institution for investors and stakeholders alike.

The upgraded rating follows a comprehensive evaluation of Asian Life Insurance’s financial metrics, including rising insurance premiums, profitability, and sustained operational improvements during fiscal year 2080/81. The company reported a 15% rise in total insurance premiums, a 14% growth in net insurance premiums and tangible net assets, a 13% increase in profit, and an 18% surge in profit after tax compared to the previous fiscal year.

The company’s strategic expansion into new market segments has also been recognized as a key strength. In particular, Asian Life’s acquisition of a 47% stake in Yeti Airlines Limited marks a major step toward diversifying its income sources. This move complements its existing investments in hotels, securities, and capital markets, and is expected to provide long-term value and stability.

Infomerics also noted the 12% increase in renewal premiums and a 19% jump in new policy sales, indicating that the insurer’s market strategy is delivering results. Moreover, the company’s investment portfolio grew by around 10% in the current fiscal year.

Asian Life Insurance operates 132 branches across 74 districts of Nepal. The company has earned a reputation for prudent risk management, supported by adequate reinsurance coverage, conservative underwriting practices, and a dedicated catastrophe insurance system.