Kathmandu. Current fiscal year 2082. In the third quarter of 2018-19, non-life insurance companies have earned a profit of Rs 1.27 billion. According to the company’s financial report, the company earned a net profit of Rs 1,2719,89,000 during the review period. The company had posted a net profit of Rs 2.41 billion in the same quarter last year. The profit of the companies decreased by 47.23 percent compared to the same period of the previous year.
During this period, two companies have incurred losses. During the review period, National Insurance Company posted a loss of Rs 17.64 crore while United Ajod Insurance Company posted a loss of Rs 6.97 crore.
Oriental Insurance Company has earned the highest profit of Rs 30.66 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net loss of Rs 13.83 crore in the same period of 2018-19.
The second is the National Bomb Company. The company earned a net profit of Rs 28.89 crore during the quarter under review. The company had posted a net profit of Rs 39.56 crore in the same quarter last year. The profit of the company decreased by 26.97 percent in the review period compared to the previous year.
Prabhu Insurance Company has earned a net profit of Rs 21.15 crore in the first quarter of the current FY. Previous fiscal year 2081. The company posted a net profit of Rs 20.02 crore in the same period. The company’s profit increased by 5.63 percent compared to the previous year.
Neco Insurance Company has earned a net profit of Rs 16.39 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 36.93 crore in the same period. The company’s profit decreased by 55.61 percent compared to the previous year.
Sagarmatha Lumbini Insurance Company has earned a net profit of Rs 13.32 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 25.19 crore in the same period. The company’s net profit fell by 47 percent compared to the same period last year.
Himalayan Everest Insurance Company has earned a net profit of Rs 11.05 crore in the first quarter of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 33.23 crore in the same period. The company’s profit decreased by 66.73 percent compared to the previous year.
Nepal Insurance Company (NLIC) has earned a net profit of Rs 10.60 crore in the third quarter of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 17.84 crore in the same period. The company’s profit decreased by 40.59 percent compared to the previous year.
Shikhar Insurance Company has earned a net profit of Rs 7.05 crore in the first quarter of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 35.70 crore in the same period. The company’s profit decreased by 80.23 percent compared to the previous year.
Sanima GIC Insurance Company has earned a net profit of Rs 5.13 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 23.35 crore in the same period. The company’s profit fell by 78 percent compared to the same period last year.
Siddhartha Premier Insurance Company has earned a net profit of Rs 4.01 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 45.36 crore in the same period. Compared to the previous year, the profit decreased by 91.15 percent.
NLG Insurance Company has earned a net profit of Rs 3.48 crore in the first quarter of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 12.33 crore in the same period. The company’s profit decreased by 71.78 percent compared to the previous year.
IGI Prudential Insurance Company has earned a net profit of Rs 4,38,000 in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 26.51 crore in the same period. The company’s profit fell by 99 percent compared to the same period last year.
