Himalayan Reinsurance Reports Growth in First-Quarter of FY 2082/83

Kathmandu – Himalayan Reinsurance has released its financial report for the first quarter of fiscal year 2082/83, showing notable progress across key financial indicators, including profit, premium income, and reserve expansion.

The company posted a profit of Rs 245.81 million in the first three months of the current fiscal year, marking an 8.58 percent increase from the Rs 226.39 million recorded during the same period last year.

Himalayan Re’s net premium income also increased by 9.36 percent, reaching Rs 1.11 billion, compared to Rs 924.44 million in the corresponding quarter of the previous fiscal year.

As of Ashoj, the company’s paid-up capital stands at Rs 10.868 billion. The disaster fund has grown by 8.34 percent, reaching Rs 21.458 million, while the reserve fund has risen by 11.52 percent to Rs 972.9 million, indicating stronger financial stability.

During the quarter, the company recorded a total income of Rs 1.247 billion, while total expenses amounted to Rs 910.3 million. The company’s earnings per share (EPS) improved from Rs 8.71 to Rs 9.05, and its net worth per share stands at Rs 154.98.