Himalayan Everest Insurance Reports Strong Growth in Q4 Financials, Profit Rose by 5.09 Percent

Kathmandu – Himalayan Everest Insurance Limited has released its fourth-quarter financial statement for the last fiscal year 2081/82, reporting significant growth across key financial indicators.

The company’s net profit rose from Rs 502.4 million in the previous fiscal year to Rs 532.3 million, marking a 5.95 percent increase. Net insurance premiums saw a remarkable jump of 57.88 percent, rising from Rs 1.28 billion to Rs 2.02 billion.

The size of the insurance fund also grew by 8.37 percent, increasing from Rs 3.99 billion to Rs 4.33 billion. The total claims paid to policyholders increased from Rs 1.47 billion to Rs 1.89 billion, representing a 28.58 percent rise.

Total income for the company increased from Rs 2.50 billion to Rs 2.68 billion, while total expenses rose from Rs 1.62 billion to Rs 1.94 billion. Commission expenses to policyholders slightly decreased from Rs 68.7 million to Rs 65.2 million.

Earnings per share (EPS) improved from Rs 20.10 to Rs 21.29, and the company’s net worth per share currently stands at Rs 210.34. Himalayan Everest Insurance has a paid-up capital of Rs 2.5 billion, with Rs 83.2 million in the catastrophe fund and Rs 333.5 million in the reserve fund.