Nepal Reinsurance Reports Nearly NPR 8 Billion Loss, EPS Falls to -NPR 59.49
Kathmandu — Nepal Reinsurance Company has published its financial statements for the second quarter of fiscal year 2025/26. The company had been unable to release its financial statements earlier due to issues related to a disorganized audit process, but has now finally made them public.
The company’s profit has declined significantly in the second quarter, and its earnings per share (EPS) have turned negative.
There have been allegations within the company that it reached this condition due to the incompetence of CEO Surendra Thapa. Employees reportedly claim that corruption under Thapa’s leadership in the government-backed company has left it in a miserable state, despite its potential to be a successful organization.
The financial report was released after the CEO was suspended. Although the valuation process had reportedly been approved by the Insurance Authority two months earlier, the company published its second-quarter report only after facing strong pressure.
Meanwhile, while Himalayan Reinsurance has already published its third-quarter report, Nepal Reinsurance reportedly struggled even to release its second-quarter results. According to the published figures, the company was facing a loss of nearly NPR 8 billion as of January 15, 2026.
According to the report, the company recorded a net loss of NPR 7.985 billion during the period. In the same period of the previous fiscal year, it had reported a net profit of NPR 532.6 million.
As of January 15, 2026, the company’s earnings per share (EPS) stood at negative NPR 59.49, compared with NPR 3.97 during the same period of the previous fiscal year.
The company stated that the continuous decline in interest rates offered by banks and financial institutions has affected its risk exposure and future prospects.
It also noted that an insufficient number of qualified technical and actuarial professionals for risk modeling has contributed to the problems it is facing.
