See the performance of 5 major non-life insurance company in Q1 of 2075/76; Nepal insurance profit surged by 68.9%

The five major Non-Life insurance company namely Nepal Insurance (NICL), Neco Insurance (nil), Lumbini General Insurance (LGIL), Shikhar Insurance (SICL) and United Insurance (UIC) have published a Q1 report for the FY 2075/2076, today.

The United Insurance profit has decreased by 24.42% to Rs 1.11 crore from Rs 1.49 crore in the same quarter of last year. The remaining insurance company has posted a positive profit growth in Q1 of 2075/2076.  Nepal Insurance profit growth was highest among the 5 companies whose profit has increased from Rs 2.45 crore to Rs 4.47 crore by 68.9%. Neco insurance net profit stands at Rs 5.6 crore and it is grown by more than 55% comparing to the same quarter of last fiscal year. Similarly, the profit of Lumbini insurance and Shikhar insurance stands at Rs 4.18 crore and Rs 10.57 crore respectively.

The company which is best in retaining its customer is Shikhar Insurance with Rs 11 crore income from reinsurance. United insurance has collected Rs 1.6 crore through reinsurance, lowest among these 5 companies.

Neco insurance has collected a sum of Rs 30.49 crore through the insurance premium which is highest among the 5 companies.

Paid-up capital of Nepal Insurance and Neco insurance has increased by 104% and 64.21% to Rs 61.76 crore and Rs 1.17 arba comparing to the same quarter of last fiscal year.

Shikhar Insurance has reported the highest EPS of Rs 39.79 and the lowest EPS was of United Insurance with Rs 14.79 as shown in the table above. The company with the highest and lowest P/E are United Insurance and Nepal Insurance.