IGI Prudential Reports 75% Growth in Insurance Fund, Strong Rise in Revenue

Kathmandu — IGI Prudential Insurance Limited has released its unaudited financial results for the third quarter of fiscal year 2025/26, reporting significant growth in its insurance fund, net premium income, and overall revenue.

According to the financial statement, the company’s insurance fund surged by 75.70% year-on-year to reach NPR 7.48 billion, up from NPR 4.25 billion recorded during the same period last fiscal year. The sharp increase reflects the company’s expanding business operations and stronger risk-bearing capacity.

Net insurance premium income also posted healthy growth during the review period. The company earned NPR 1.04 billion in net premiums, marking a 12.14% increase compared to NPR 929.1 million in the corresponding period last year. The growth indicates a gradual expansion in the company’s market presence alongside its growing insurance business.

Total income rose to NPR 1.57 billion, representing a 2.98% increase from the previous year. However, income generated from investments and loans declined to NPR 147.9 million. Meanwhile, agent commission expenses jumped by 82.07% to NPR 77.1 million. Overall expenses also increased, reaching NPR 1.57 billion during the period.

Despite higher revenue, the company’s net profit dropped sharply to NPR 438,000, down 99.83% from the previous year’s profit of NPR 265.1 million. The decline was largely attributed to a surge in insurance claims related to the Gen Z protests as well as widespread flood and landslide incidents.

The company’s paid-up capital stood at NPR 3.02 billion, while NPR 96.1 million has been allocated to the catastrophe reserve fund. Earnings Per Share (EPS) fell significantly from NPR 11.67 to NPR 0.02, while net worth per share stood at NPR 182.72.