Himalayan Everest Insurance Reports 15% Growth in Net Premium Income, Profit Declines Sharply

Kathmandu — Himalayan Everest Insurance has published its unaudited third-quarter financial results for the current fiscal 2025/26 (2082/83), reporting growth in premium income but a sharp decline in profitability.

According to the company’s financial statement, net earned premium income increased by 15% year-on-year to Rs 1.43 billion during the review period. The company had reported net premium income of Rs 1.24 billion during the same period last fiscal year.

Total claim payments also rose significantly. Himalayan Everest Insurance paid Rs 1.67 billion in insurance claims during the first nine months of the fiscal year, an increase of 28% compared to Rs 1.30 billion paid during the corresponding period last year.

Despite the rise in premium income, the company’s net profit fell sharply by 66% to Rs 110.5 million, down from Rs 332.3 million recorded during the same period of the previous fiscal year.

The company currently has a paid-up capital of Rs 2.50 billion and has maintained Rs 87.7 million in its catastrophe reserve fund.

Earnings per share (EPS) stood at Rs 5.90, while net worth per share was recorded at Rs 205.28.