Siddhartha Premier’s Profit Falls to Rs. 40 Million Despite Insurance Fund Nearly Doubling
Kathmandu — Siddhartha Premier Insurance Limited has released its third-quarter financial results for the current fiscal year, revealing significant fluctuations across key financial indicators.
The company posted a net profit of Rs. 40.1 million during the review period, marking a steep 91.15% decline compared to the Rs. 453.6 million profit recorded in the same quarter last fiscal year.
Despite the sharp drop in profit, net premium income saw a slight increase, rising from Rs. 2.67 billion to around Rs. 2.70 billion. Although revenue improved, profitability came under intense pressure due to a surge in insurance claims related to the Gen Z protests as well as flood and landslide disasters.
On the other hand, the company’s non-life insurance fund nearly doubled during the period, jumping 97.96% from Rs. 5.63 billion to over Rs. 11.15 billion. However, income generated from investments and loans declined by nearly 32%.
Total income fell from Rs. 2.15 billion to Rs. 1.92 billion, while total expenses increased significantly from Rs. 1.52 billion to more than Rs. 1.86 billion.
Earnings per share (EPS) dropped sharply from Rs. 21.55 to Rs. 1.91, while net worth per share stood at Rs. 250.06.
The company’s paid-up capital currently stands at Rs. 2.80 billion. It has allocated Rs. 231.8 million to its catastrophe reserve fund and Rs. 332.7 million to general reserves. By mid-April 2026, the company had invested nearly Rs. 8 billion.