Non-Life Insurers’ Profit Falls 39%, Prabhu Insurance Only Company to Post Growth

Kathmandu — The net profit of non-life insurance companies declined significantly in the last fiscal year, with the sector’s profitability continuing to come under pressure amid the slow recovery from losses caused by floods, landslides and the Gen Z protests.

The combined net profit of non-life insurance companies fell by 39 percent year-on-year to NPR 2.79 billion in the last fiscal year.

In the previous fiscal year 2024/25, these companies had earned a combined net profit of NPR 4.59 billion.

An analysis of the financial statements for the last fiscal year shows that Prabhu Insurance was the only company to record an increase in profit, while all other companies posted declines.

Prabhu Insurance’s net profit increased by 19 percent compared with the previous year. The company earned a net profit of NPR 246.44 million in the last fiscal year, compared with NPR 205.86 million in the previous fiscal year.

National Insurance Company’s net profit declined by 19.45 percent to NPR 344.44 million.

Similarly, Shikhar Insurance’s net profit fell by 32.74 percent to NPR 375.65 million.

National Insurance Company Limited, meanwhile, reported a net loss of NPR 131.08 million in the last fiscal year, according to the financial statements published by the company.