Sagarmatha Lumbini Insurance Company Reports Loss in First Quarter of Current Financial Year

Kathmandu: Sagarmatha Lumbini Insurance Company Limited has published its unaudited financial statement for the first quarter of the current financial year, revealing a decline in profitability. The company reported a loss of Rs. 8.95 million during this period, marking...


Prabhu Insurance Reports 10% Profit Growth in First Quarter

Kathmandu – Prabhu Insurance Limited has released its financial statement for the first quarter of the current fiscal year, showing a 10% increase in net profit compared to the same period last year. The company earned a profit of...


NLG Insurance Reports Decrease in Profit Despite Growth in Insurance Fund

Kathmandu – NLG Insurance Company Limited has released its financial statement for the first quarter of the current fiscal year, revealing a mixed performance with a decrease in profit but a notable increase in the size of the insurance...


Nepal Insurance Company Reports Decrease in Profit for First Quarter of Current Financial Year

Kathmandu: Nepal Insurance Company Limited has released its financial statement for the first quarter of the current financial year, revealing a decline in both profit and earnings per share compared to the same period last year. The company posted...


Neco Insurance Reports Decrease in Profit Despite Strong Growth in Insurance Fund

Kathmandu: Neco Insurance Company has released its financial statement for the first quarter of the current fiscal year, revealing a decrease in profit despite positive growth in key financial indicators. The company reported a profit of Rs. 70.46 million...


National Insurance Company Reports Loss in First Quarter of Current Financial Year

Kathmandu: National Insurance Company has released its financial statement for the first quarter of the current fiscal year, showing a significant downturn in its financial performance compared to the same period last year. By the end of Ashoj (mid-October),...


United Ajod Insurance Reports Loss in First Quarter Due to Decreased Income

Kathmandu: United Ajod Insurance Limited has published its financial statement for the first quarter of the current fiscal year, revealing a significant decline in income and a shift from profit to loss. The company’s total income for the first...


Non-Life Insurers Pay NPR 617 Million for Flood Claims

Kathmandu – Non-life insurance companies in Nepal have paid a total of NPR 617 million for claims related to the devastating floods and landslides of last September. According to data from the Nepal Insurance Authority, this represents settlements for...


Flood Damage Triggers Insurance Claims Worth NPR 11.82 Billion

Kathmandu – Floods across Nepal have resulted in insurance claims amounting to NPR 11.82 billion, according to data released by the Nepal Insurance Authority as of November 13. A total of 3,418 claims have been filed across 14 non-life...


Rastriya Beema Company Delays Payments to Flood and Landslide Victims

Kathmandu – Rastriya Beema Company Limited (RBCL), a government-supported insurer, is drawing criticism for delays in processing claims filed by victims of recent floods and landslides. Despite instructions from government and regulatory authorities to expedite relief, no claims have...