Neco Insurance Earns Rs 163.9 Million Profit, Key Indicators Show Mixed Performance
Kathmandu — Neco Insurance has published its third-quarter financial results for the current fiscal year, reporting declines in both profit and income during the review period.
According to the company’s financial statement, net profit dropped by 55.61% year-on-year to Rs 163.9 million by mid-April 2026, compared to Rs 369.3 million recorded during the same period of the previous fiscal year.
The company’s net earned premium also declined marginally to Rs 1.227 billion from Rs 1.228 billion a year earlier.
Despite the fall in earnings, Neco Insurance reported strong growth in its non-life insurance fund. The fund increased by 45% to Rs 5.13 billion, up from Rs 3.53 billion during the corresponding period last year.
During the review period, the company’s total income declined by 3%, while total expenses increased by 20%.
Earnings per share fell to Rs 17.74 from Rs 24.47 recorded in the previous fiscal year. Net worth per share stood at Rs 223.11.
The financial statement also shows that the company, which has a paid-up capital of Rs 2.77 billion, has maintained Rs 2.34 billion in its catastrophe reserve fund and Rs 370 million in its general reserve fund.
