Non-life Insurance Companies in Nepal Owe NPR 39.73 Billion in Claim Payments in Q2

Kathmandu – Fourteen non-life insurance companies in Nepal collectively owe nearly NPR 40 billion in outstanding claim payments, raising serious concerns about the efficiency and oversight of the Nepal Insurance Authority. According to the financial statements published by these...


Non-Life Insurance Companies Report 59.38% Decline in Profit; Sanima GIC Leads Growth Rate

Kathmandu – The combined profit of 14 non-life insurance companies in Nepal has dropped significantly by 59.38% in the second quarter of the current financial year. According to the financial statements published by these companies, their collective net profit...


IGI Prudential Insurance Reports 22.14% Decline in Profit in Second Quarter

Kathmandu – IGI Prudential Insurance Company Limited has published its financial statement for the second quarter of the current financial year, reporting a significant decline in net profit due to reduced income and net insurance premiums. According to the...


United Ajod Insurance Reports Decline in Net Profit in Second Quarter

Kathmandu – United Ajod Insurance Limited has published its financial statement for the second quarter of the current financial year, revealing a significant drop in net profit due to decreased income and net insurance premiums. According to the report,...


Nepal Insurance Reports 82.71% Decline in Profit in Second Quarter of the Current Fiscal Year

Kathmandu – Nepal Insurance Company has published its financial statement for the second quarter of the current financial year, revealing a significant decline in profit despite growth in insurance fee earnings. According to the report, the company’s profit fell...


Neco Insurance Reports 29.48% Decline in Profit Despite Growth in Income

Kathmandu – Neco Insurance has published its financial statements for the second quarter of the current financial year, revealing a notable decline in profit despite an increase in income and insurance fee earnings. According to the report, the company...


Prabhu Insurance Reports Profit Growth Despite Decline in Premium Income

Kathmandu – Prabhu Insurance Company has recorded a profit of Rs 120 million in the first six months of the current fiscal year, reflecting an increase compared to the same period last year. According to the company’s unaudited financial...


Oriental Insurance Reports Loss in Second Quarter of Current Fiscal Year

Kathmandu – Oriental Insurance Company Limited has published its second-quarter financial report for the current fiscal year, revealing a decline in income and profitability. According to the report, the company earned Rs 659.9 million during this period, marking a...


NLG Insurance Reports Decline in Profit but Growth in Income and Insurance Fund

Kathmandu – NLG Insurance Company Limited has made public the second quarter financial statements of the current fiscal year. According to the financial statements, the company has earned a net profit of Rs 74.5 million till the second quarter...


Sanima GIC Reports 15.25% Profit Growth in Q2

Kathmandu – Sanima GIC has reported significant financial growth in the second quarter of the current fiscal year, with its net profit rising by 15.25% compared to the same period last year. The company’s profit reached Rs 121.6 million...