NPR 500.00
-19.90 (-3.83%)NLG Insurance Company Ltd. has reappointed Sunil Ballabh Pant as its Chief Executive Officer for another…NLG Insurance Company Ltd. has reappointed Sunil Ballabh Pant as its Chief Executive Officer for another four-year term starting from Bhadra 24, 2083 to Bhadra 23, 2087.
ICRA Nepal revised the credit rating of Nepal Reinsurance Company to A- and placed it on negative watch…ICRA Nepal revised the credit rating of Nepal Reinsurance Company to A- and placed it on negative watch, alongside non-life insurers like Sagarmatha Lumbini Insurance and others, due to heavy claims from recent floods totaling Rs 25.87 billion.
Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive…Non-life insurance and reinsurance companies' stock prices have faced downward pressure due to massive disaster claims from recent floods and unrest, though analysts view the long-term potential positively.
Initial insurance claims from recent floods have reached NPR 25.87 billion across non-life insurers, with…Initial insurance claims from recent floods have reached NPR 25.87 billion across non-life insurers, with total claims projected to surpass NPR 50 billion as major hydropower and infrastructure assessments are finalized.
Non-life and micro insurance companies collected total premiums exceeding Rs 540 million from 254,607…Non-life and micro insurance companies collected total premiums exceeding Rs 540 million from 254,607 insurance policies issued in Shrawan, with Himalayan Everest Insurance leading the traditional sector.
In the first month of the current fiscal year Shrawan, non-life insurance business grew by 23 percent to reach…In the first month of the current fiscal year Shrawan, non-life insurance business grew by 23 percent to reach Rs 5.40 billion in total premium collections, with Himalayan Everest Insurance collecting the highest at Rs 56.25 million.
Non-life insurance companies received 583 claims totaling over Rs 25.8 billion following the catastrophic…Non-life insurance companies received 583 claims totaling over Rs 25.8 billion following the catastrophic August 26 Bhotekoshi flood.
Non-life insurance companies earned a total net profit of over Rs 2.72 billion in the fourth quarter of the…Non-life insurance companies earned a total net profit of over Rs 2.72 billion in the fourth quarter of the fiscal year 2082/83, with most companies registering a decline in profits compared to the previous year.
NLG Insurance Company Ltd. reported a net profit of Rs 5.78 crore for the fiscal year 2082/83, with an EPS of…NLG Insurance Company Ltd. reported a net profit of Rs 5.78 crore for the fiscal year 2082/83, with an EPS of Rs 2.17.
NLG Insurance Company Limited posted a net profit of Rs 57.81 million for the fourth quarter of the fiscal…NLG Insurance Company Limited posted a net profit of Rs 57.81 million for the fourth quarter of the fiscal year 2082/83, a 62.31% decline due to high claim payouts and expenses, while its net insurance premium grew to Rs 1.15 billion.
The non-life insurance market expanded to Rs 50.60 billion. Shikhar Insurance maintained the top spot with Rs…The non-life insurance market expanded to Rs 50.60 billion. Shikhar Insurance maintained the top spot with Rs 6.51 billion in business, while NLG Insurance achieved the highest growth rate at 37.30 percent.
Over the year, total newly listed securities reached Rs 147.14 billion in value. NEPSE index closed the fiscal…Over the year, total newly listed securities reached Rs 147.14 billion in value. NEPSE index closed the fiscal year at 2,597.80 points, with total market capitalization at Rs 44.63 trillion.
NEPSE listed 9,752,658.02 shares of NLG Insurance and Nepal Lube Oil, including 9,631,220.22 rights shares for…NEPSE listed 9,752,658.02 shares of NLG Insurance and Nepal Lube Oil, including 9,631,220.22 rights shares for NLG Insurance and 121,437.8 bonus shares for Nepal Lube Oil.
Nepal's non-life insurance sector reached Rs 4.55 billion in total premium collections, with Shikhar Insurance…Nepal's non-life insurance sector reached Rs 4.55 billion in total premium collections, with Shikhar Insurance leading the industry.
Non-life insurance companies collected total gross premiums of over Rs. 44.38 billion by the end of Jestha…Non-life insurance companies collected total gross premiums of over Rs. 44.38 billion by the end of Jestha, with Shikhar Insurance leading in commercial performance.
Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares…Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares up to the third quarter of the fiscal year 2082/83, with life insurers accounting for over 81% of the total.
NLG Insurance Company reported a net profit of Rs 34.8 million for the third quarter of the fiscal year, down…NLG Insurance Company reported a net profit of Rs 34.8 million for the third quarter of the fiscal year, down 71.78% compared to the same period last year.
Police have begun arresting masterminds linked to stock market manipulation and insider trading, including…Police have begun arresting masterminds linked to stock market manipulation and insider trading, including high-profile figures associated with NRIC, NLG, and Himalayan Life Insurance, following a SEBON investigation report.
In nine months, 14 non-life insurance companies collected Rs 36.58 billion in total insurance premiums, with…In nine months, 14 non-life insurance companies collected Rs 36.58 billion in total insurance premiums, with Shikhar Insurance leading at Rs 4.80 billion.
NLG Insurance Company has credited the 4 percent bonus share approved by its 20th AGM into the respective…NLG Insurance Company has credited the 4 percent bonus share approved by its 20th AGM into the respective shareholders' demat accounts.