16 General Insurers Earn Over Rs.32 billion Insurance Premium in Last FY

Kathmandu Non-life insurers have earned Rs. 32.36 billion insurance premiums in the last fiscal year 2078/79. Among 17 non-life insurers, 16 insurers have earned Rs. 32.36 billion within a year. The premium income of 4 insures including state-owned insurer Rastriya Beema Company is not available yet.

In the last FY, Shikhar Insurance Company has set a record of insurance premiums income of Rs.5.01 billion. Which is the highest ever premium income by a non-life insurer. Sagarmatha Insurance, which is in the second place, has managed to earn Rs.3.10 billion, while NECO Insurance is in the third place with a premiums income of Rs. 2.85 billion. Siddharth Insurance stood at fourth position is at number four with Rs.2.61 billion premiums income. NLG Insurance has earned Rs. 3.37 billion rupees.

The Himalayan Insurance, which has merged Everest Insurance, is at number six. The integrated company after the merger has already commenced services from 17 July 2022. During last FY Himalyan General and Everest Insurance have earned Rs. 2.6 billion and Rs. 1.22 billion respectively. In an aggregate business, they stood at second in terms of total insurance premium income.

IME General Rs.1.77 billion, Lumbini General Rs.1.58 billion, United Insurance 1.54 billion, The Oriental 1.44 billion, Prabhu Insurance 1.35 billion, Prudential Insurance 1.33 billion premiums income. Sanima General has earned Rs. 1.04 billion while General Insurance has earned Rs.90 crore insurance premium.

The progress report of Rastriya Beema Company, Ajod Insurance Company, National Insurance Company and Nepal Insurance Company have not made public yet.

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