NLG Insurance Earns Rs 34.8 Million Profit, Premium Income Continues to Grow

Kathmandu — NLG Insurance reported a net profit of Rs 34.8 million by the end of the third quarter of the fiscal year 2025/26 (2082/83), marking a sharp decline of 71.78% compared to Rs 123.3 million earned during the same period last year.

Despite the fall in profit, the company posted growth in insurance income during the review period.

According to the financial statement, net earned premium income increased by 7.32% year-on-year to more than Rs 714.5 million, up from Rs 665.8 million recorded in the corresponding period of the previous fiscal year.

However, income generated from loans and investments declined to Rs 123.8 million from Rs 134.2 million a year earlier.

NLG Insurance’s total income increased by 25.16% during the review period, while total expenses rose sharply by 44.90%.

Commission expenses paid to insurance agents also climbed by 26.62% compared to the previous fiscal year.

Earnings per share (EPS) fell significantly to Rs 0.98 from Rs 6.57 recorded during the same period last year. Net worth per share stood at Rs 170.93.

The company, which has a paid-up capital of Rs 2.66 billion, has maintained Rs 88.3 million in its catastrophe reserve fund and Rs 17 million in its reserve fund.