The impact of the Zhenji agitation and rains on the non-life insurance company has reduced its profit by 47 percent.

लगानी न्यूज

३ जेष्ठ २०८३, आईतवार १२:४२May 17, 2026

. The profit of 14 non-life insurance companies operating till mid-April of the current fiscal year 2082/083 has seen a sharp decline.

The profit of non-life insurance companies has declined due to the Genji agitation on September 23 and 24 and inundation caused by last year’s rains.TAG_OPEN_div_24 There has been a lot of damage due to the Genji movement. The liability lies with the non-life insurance company. The impact of which has been seen on profits.

The net profit of non-life insurance companies has decreased by 47.2 percent to Rs 1.TAG_OPEN_div_22 27 billion in the first quarter of the current fiscal year. The company had posted a net profit of Rs 2.41 billion in the same quarter last year.

Out of the 14 insurance companies in operation, only TAG_OPEN_div_20 one company has increased its profit. Prabhu Insurance is one of the companies that has made a profit.

Oriental Insurance has a net profit of Rs TAG_OPEN_div_19 30.66 crore as of mid-April of the current FY. The company had posted a loss of Rs 13.83 crore in the same period last year.

According to NEA, the profit of state-owned Rastriya Beema Company declined by 26.97 percent to Rs 288.95 million, Neco Insurance by 55.60 percent to Rs 163.95 million, Sagarmatha Lumbini Insurance (Salico) by 47.12 percent to Rs 133.21 million and Himalayan Everest Insurance by 66.73 percent to Rs 110.56 million TAG_OPEN_div_17 ।

Similarly, Shikhar Insurance Company Ltd (IBL) has a net profit of 80.23 per cent to Rs 70.75 crore, Sanima GIC Insurance has a 78 per cent decline in its net profit to Rs 51.34 crore and Siddhartha Premier Insurance has a 91.15 per cent decline to Rs 41.34 crore.TAG_OPEN_div_15

Similarly, the profit of NLG Insurance declined by 71.77 percent to Rs 3,TAG_OPEN_div_14 48,10,000, IGI Prudential Insurance by 99.83 percent to Rs 4,38,000, United Ajod Insurance by Rs 6.97 crore and National Insurance by Rs 17.64 crore.