NICL

Non Life Insurance

Low Cap

LIVE MARKET

Nepal Insurance Co. Ltd.

Est. 1947 · Kathmandu, Nepal · CEO: B.K. Maharjan

en.nepalinsurance.com/

NPR 534.00

▼ 7.90

-1.46%

08:26 AM NPT · Mar 29, 2026

Trading

Open

552.70

High

552.70

Low

530.10

Prev Close

541.90

Volume

23,140

Turnover

₨1.23Cr

Txns

215

Valuation · Q2 FY25/26

EPS Ann.

0.39

EPS TTM

9.24

BVPS

166.91

P/E Ann.

1369.23

P/E TTM

57.79

Graham #

38.27

Capital

Mkt Cap

13.61 Arab

Total

2.55 Crore

Public

1.25 Crore

Promoter

1.3 Crore

52-Week Range

483

858.9

534.00

From Low

10.6%

From High

-37.8%

About

Nepal Insurance Company Limited (NICL) is the oldest general insurance company in Nepal, established in 1947 (B.S. 2004), and is recognized as a pioneer in the country’s non-life insurance sector. Operating under the regulatory supervision of the Nepal Insurance Authority, the company provides a comprehensive range of general insurance products designed to safeguard individuals, businesses, and institutions against financial risks. Headquartered in Kathmandu, Nepal Insurance Company offers diverse insurance solutions, including motor insurance, fire and property insurance, marine insurance, engineering and contractor coverage, aviation insurance, agriculture and livestock insurance, travel insurance, and miscellaneous liability coverage. With a nationwide network of branches and agents, the company ensures accessible and efficient service delivery across urban and rural regions. Built on decades of trust, strong governance, and financial stability, Nepal Insurance emphasizes customer-centric service, timely claim settlement, and transparent operations. The company continues to strengthen its portfolio through innovation, modern risk management practices, and compliance with national regulatory guidelines. As one of Nepal’s most experienced and respected insurers, Nepal Insurance Company Limited remains committed to protecting lives, assets, and businesses while contributing to the growth and resilience of Nepal’s insurance industry.

Approximately 12,095 individuals employees

Services

Motor insuranceFire and property insuranceMarine and transit insuranceEngineering and contractor's all-risk insuranceAviation insuranceAgriculture and livestock insuranceTravel and medical insurancePersonal accident and liability coverageCorporate and institutional insurance solutionsClaim support and risk assessment services

NEPSE Chart

TECHNICAL ANALYSIS

Indicator Signals

MACDStrong Buy

RSISell

SuperTrendStrong Buy

Momentum

RSI (14)

74.1

ADX

60.43

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Overall Score

Technical ScoreAbove Line

Moving Averages

SMA 20

517.37

SMA 50

510.5

Bands & Channels

BB Width %

16.26%

Volume & Flow

OBV

3,252,500

Broker Analysis (Zero-Sum)

Live 2026-03-26

Total Buy

216,874

Shares Bought

Total Sell

216,874

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Non Life Insurance▼ ACCUMULATING

Accumulation 55%Distribution 45%

ACCUMULATORS4

Quantity60,516

Amount32,981,403

Avg Rate545.00

Rank#5

Brokers

#57# 42# 48# 45

DISTRIBUTORS4

Quantity48,849

Amount26,635,892

Avg Rate545.27

Rank#6

Brokers

#47# 43# 53# 26

Net Flow Impact

+11,667units(Rs. 6,345,511)

Net Flow by Timeframe

NICL — Broker Breakdown (7D)

▲ 15 Buyers

▼ 15 Sellers

Vol: 224,550

▲ BUY SIDE

Total: 119,603

BR#

QTY

AVG

NET

▼ SELL SIDE

Total: 104,947

BR#

QTY

AVG

NET

NET FLOW

+14,656 units

Financial Fundamentals

Financial Metric	FY25/26 Q2	FY24/25 Q2	FY23/24 Q2	FY22/23 Q2	Growth %
Assets
Goodwill & Intangible Assets	3,537,009	2,970,427	1,958,438	0	+19.07%
Property and Equipment	257,641,836	190,619,843	139,891,578	86,702,000	+35.16%
Investment Properties	0.00	0.00	0.00	0	-
Deferred Tax Assets	102,131,592	83,312,370	71,727,831	0	+22.59%
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	0.00	0.00	0.00	0	-
Investments	5,316,638,323	4,830,119,967	4,311,585,928	506,904,000	+10.07%
Loans	11,850,000	13,600,000	17,350,000	0	-12.87%
Reinsurance Assets	1,264,035,693	1,377,065,272	1,028,231,036	0	-8.21%
Current Tax Assets	82,557,919	59,333,158	0	0	+39.14%
Insurance Receivables	180,220,637	126,173,700	278,138,272	0	+42.84%
Other Financial Assets	102,583,455	196,289,222	170,920,233	0	-47.74%
Other Assets	232,344,193	175,098,882	72,820,180	4,152,055,000	+32.69%
Cash and Cash Equivalent	41,957,053	25,302,923	99,034,343	175,009,000	+65.82%
Total Assets	7,595,497,710	7,079,885,766	6,191,657,839	4,920,670,000	+7.28%
Equity
Share Capital	2,548,575,005	1,644,241,940	1,644,241,938	1,378,996,000	+55.00%
Share Application Money Pending Allotment	0.00	0.00	0.00	0.00	-
Share Premium	81,481,510	0	0	0	-
Catastrophe Reserves	1,631,043,433	1,477,793,630	89,062,854	0	+10.37%
Retained Earnings	4,179,647	301,388,184	223,240,651	477,781,000	-98.61%
Other Equity	70,130,674	117,720,029	1,432,914,296	829,809,000	-40.43%
Total Equity	4,335,410,269	3,541,143,783	3,389,459,740	2,686,586,000	+22.43%
Liabilities
Insurance & Contract Liabilities
Provisions	132,842,470	350,668,895	325,023,472	1,785,657,000	-62.12%
Gross Insurance Contract Liabilities	2,584,275,361	2,430,551,655	1,814,851,262	0	+6.32%
Insurance Payable	35,432,732	359,921,745	315,886,040	0	-90.16%
Other Financial Liabilities	307,702,742	170,216,607	98,428,165	0	+80.77%
Other Liabilities	199,834,132	227,383,082	203,101,066	448,427,000	-12.12%
Taxes & Funding
Deferred Tax Liabilities	0.00	0.00	0.00	0	-
Current Tax Liabilities	0.00	0.00	44908094.00	0	-
Borrowings	0.00	0.00	0.00	0.00	-
Total Liabilities	3,260,087,437	3,538,741,984	2,802,198,099	2,234,084,000	-7.87%
Total Equity and Liabilities	7,595,497,706	7,079,885,766	6,191,657,839	4,920,670,000	+7.28%

Sector Peers — Non Life Insurance (16)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	BVPS	C/D Ratio%	EPS (Annu.)	EPS (TTM)	Graham's No.	Int. Rate Spread%	NIM%	NPL%	NPM%	P/B	P/E (Annu.)	PEG	P/E (Latest)	P/E (TTM)	P/S	ROA (Annu.)%	ROA (TTM)%	ROE (Annu.)%	ROE (TTM)%
HEI	555	-13.01	-2.29%	-	0.24	209.67	-	1.26	15.53	270.67	-	0%	-	1.14%	4.81	400	0	392.86	31.87	18.39	0.26%	3.41%	0.6%	7.49%
HEIP	330.4	+6.41	+1.98%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	474	-12	-2.47%	-	0.14	176.25	-	-11.96	1.34	72.9	-	0%	-	-19.8%	4.75	-35.03	0	-35.09	313.21	27.77	-2.74%	0.3%	-6.5%	0.73%
NIL	660	-9.98	-1.49%	-	0.17	229.19	-	0.8	15.07	278.77	-	0%	-	1.06%	5.39	772.5	0	753.75	40.01	32.92	0.18%	3.39%	0.36%	6.84%
NILPO	436	0	0%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NLG	681	-11	-1.59%	-	0.18	163.55	-	0.86	3.81	118.41	-	0%	-	1.41%	8.31	790.58	0	779.42	175.93	44.58	0.24%	1.1%	0.6%	2.65%
NMIC	1,302.1	-47.93	-3.55%	-	0.14	101.65	-	3.61	1.99	67.46	-	0%	-	21.06%	24.4	343.49	0.09	362.88	658.29	289.04	3.02%	1.67%	4.18%	2.31%
PRIN	749	-11.02	-1.45%	-	0.14	202.27	-	14.85	12.88	242.11	-	0%	-	25.88%	12.78	43.5	0	47.35	54.6	180.2	3.56%	3.12%	7.52%	6.54%
RBCL	15,650	-290.11	-1.82%	-	0.04	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	4.6	111.69	0	112.82	154.89	145.67	1.42%	1.04%	2.08%	1.51%
RBCLPO	12,545	-254.71	-1.99%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SALICO	635	-10	-1.55%	-	0.19	227.43	-	2.85	14.29	270.42	-	0%	-	2.33%	5.28	210.53	0	208.42	41.57	19.7	0.44%	2.23%	1.2%	6.04%
SGIC	510	-15.99	-3.04%	-	0.1	145.61	-	-8.92	6.18	142.29	-	0%	-	-18.98%	6.62	-54.02	0	-52.35	75.57	41.01	-1.98%	1.37%	-6.2%	4.29%
SICL	665	-9.1	-1.35%	-	0	196.64	-	-3.06	5.15	150.95	-	0%	-	-3,634.59%	6.36	-204.41	0	-201.96	120	31,275	-0.58%	1%	-1.56%	2.64%
SPIL	748.4	-1.57	-0.21%	-	0	241.32	-	-12.72	11.03	244.72	-	0%	-	-15,930.16%	5.94	-56.35	0	-54	62.28	35,840	-1.8%	1.56%	-4.8%	4.17%
UAIL	480	-15	-3.03%	-	0.21	171.7	-	-9.23	1.74	81.99	-	0%	-	-13.63%	5.22	-48.59	0	-49.47	262.41	26.5	-2.86%	0.53%	-5.48%	1.03%
UAILPO	251	0	0%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	2,291.99	-43.44	-1.49%	-	0.129	710.55	-	9.28	15.49	474.4	-	0%	-	-1,627.64%	7.872	189.491	0.008	188.719	165.886	5,661.732	-0.07%	1.73%	-0.67%	3.85%
MED	647.5	-11.01	-1.57%	-	0.14	199.45	-	0.83	8.61	196.53	-	0%	-	1.1%	5.665	77.595	0	80.085	97.785	42.795	0.21%	1.47%	0.48%	3.41%
MAX	15,650	6.41	1.98%	-	0.24	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	24.4	790.58	0.09	779.42	658.29	35,840	3.56%	3.41%	7.52%	7.49%
MIN	251	-290.11	-3.55%	-	0	101.65	-	-12.72	1.34	67.46	-	0%	-	-15,930.16%	4.6	-204.41	0	-201.96	31.87	18.39	-2.86%	0.3%	-6.5%	0.73%