NLG Insurance Company Ltd.

Non Life InsuranceMid Cap

NPR 512.00

NPR -6-1.16%

09:14 AM NPT · Sep 24, 2026

Est. 2045 B.S. (general insurance operations separated as NLG Insurance in 2062 B.S.) · Lazimpat, Kathmandu, Nepal · CEO: Sunil Ballav Pant

NLG Insurance Company Ltd. (NLG) is a major non-life (general) insurance provider in Nepal, offering a broad range of insurance products across many sectors from motor, property, and home insurance to marine, aviation, engineering, agriculture, and miscellaneous coverage. NLG traces its roots to the older composite insurer National Life and General Insurance (NLGI), which was established in 1988 to conduct both life and general insurance business. In 2005, as per regulatory requirements under the insurance law, NLGI’s general-insurance business was separated to create NLG as a dedicated non-life insurer. Since then, NLG has built a large national footprint: it maintains a wide network of branches across Nepal, enabling it to serve both individual customers and corporate clients, including small businesses, large enterprises, government offices, development organizations, and more. NLG’s strength comes not only from its breadth of services but also from its reinsurance partnerships: it obtains reinsurance support from major global reinsurers (such as Hannover Re) giving additional backing and stability to its risk coverage operations. The company is publicly listed (symbol “NLG”) on Nepal’s stock market under the non-life insurance sector. According to its website and recent disclosures, NLG offers roughly 20+ distinct insurance products under non-life insurance, including motor, property & home, fire, marine, engineering, aviation, micro-insurance, and more covering the diverse needs of Nepali population and businesses. In recent years (e.g. FY 2081/82), NLG has recorded substantial premium income in the general-insurance business, reflecting ongoing operations and market position among non-life insurers in Nepal. Overall, NLG plays an important role in Nepal’s insurance sector by providing risk-mitigation solutions, enabling asset protection (homes, vehicles, businesses, property), supporting industries (engineering, marine, aviation), and offering accessible general insurance products across geographic and economic segments.

nlgi.com.np/facebook

Trading

Open

492.10

High

517.00

Low

492.10

Prev Close

518.00

Volume

5,712

Turnover

Rs 2,921,394

Txns

Valuation · Q4 FY25/26

EPS Ann.

2.17

EPS TTM

2.17

BVPS

166.36

P/E Ann.

235.94

P/E TTM

235.94

Graham #

90.13

Capital

Mkt Cap

13.13 Arab

Total

2.57 Crore

Public

1.26 Crore

Promoter

1.31 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Moderate

Momentum

RSI (14)

57.25

ADX

24.1

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

520.29

SMA 50

554.17

Bands & Channels

BB Width %

16.48%

Volume & Flow

OBV

5,504,540

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

34,344

Shares Bought

Total Sell

34,344

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 50%

Distribution 50%

Accumulators

Quantity

15,275

Amount

8,020,703

Avg Rate

525.09

Rank

Brokers

#45#53#6#22

Distributors

Quantity

15,255

Amount

7,919,611

Avg Rate

519.15

Rank

Brokers

#48#44

Net Flow Impact:

+20units

(Rs. 101,092)

Net Flow by Timeframe

NLG — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 55,771 ]

Buy Side

Total: 27,077

Broker

QTY

AVG

NET

7,732

529.26

+6,628

22.5%

2,771

518.25

+2,771

8.1%

2,440

526.07

+2,428

7.1%

2,411

522.06

+1,009

7.0%

2,332

518.32

+2,303

6.8%

2,000

516.28

+2,000

5.8%

1,791

518.16

+1,781

5.2%

1,580

525.76

+85

4.6%

864

517.87

+864

2.5%

644

525.65

+634

1.9%

625

520.29

+320

1.8%

600

528.35

+599

1.8%

446

514.14

+446

1.3%

436

521.57

+116

1.3%

405

528.70

+395

1.2%

Sell Side

Total: 28,694

Broker

QTY

AVG

NET

8,450

514.17

-6,420

24.6%

6,805

525.34

-6,765

19.8%

3,053

521.41

-2,776

8.9%

2,081

525.35

-2,081

6.1%

2,050

525.87

-2,050

6.0%

1,500

534.00

-1,500

4.4%

1,340

514.77

-68

3.9%

824

523.25

-481

2.4%

710

530.31

-431

2.1%

100

631

530.30

-631

1.8%

300

510.31

-300

0.9%

300

521.55

-300

0.9%

257

526.35

-247

0.8%

240

529.37

-140

0.7%

153

525.56

-153

0.5%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Assets
Goodwill & Intangible Assets	861.05	1076.31	1077.56	0	-20.00%
Property and Equipment	110,853	69,640	102,370	0	+59.18%
Investment Properties	0.00	0.00	0.00	0	-
Deferred Tax Assets	60,664	85,173	70,478	0	-28.78%
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	0.00	0.00	0.00	0	-
Investments	3,063,737	3,942,519	3,018,225	0	-22.29%
Loans	57,084	29,398	16,028	0	+94.18%
Reinsurance Assets	2,947,106	2,514,345	1,516,224	0	+17.21%
Current Tax Assets	179,593	309,026	80,588	0	-41.88%
Insurance Receivables	1,485,627	977,833	691,212	0	+51.93%
Other Financial Assets	9,020	52,788	20,052	0	-82.91%
Other Assets	643,828	449,800	476,056	0	+43.14%
Cash and Cash Equivalent	500,417	343,741	104,870	0	+45.58%
Total Assets	9,058,790	8,775,339	6,097,182	0	+3.23%
Equity
Share Capital	2,667,833	2,565,224	1,539,536	0	+4.00%
Share Application Money Pending Allotment	0.00	0.00	0.00	0	-
Share Premium	138,524	271,916	0	0	-49.06%
Catastrophe Reserves	89,488	1,468,465	84,503	0	-93.91%
Retained Earnings	11,700	57,494	127,813	0	-79.65%
Other Equity	110,581	178,831	1,517,856	0	-38.16%
Total Equity	4,438,340	4,541,931	3,269,709	0	-2.28%
Liabilities
Insurance & Contract Liabilities
Provisions	155,831	354,817	162,399	0	-56.08%
Gross Insurance Contract Liabilities	3,816,724	3,386,599	2,115,051	0	+12.70%
Insurance Payable	99,960	63,406	137,367	0	+57.65%
Other Financial Liabilities	168,646	157,716	155,809	0	+6.93%
Other Liabilities	379,288	270,870	256,847	0	+40.03%
Taxes & Funding
Deferred Tax Liabilities	0.00	0.00	0.00	0	-
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	0.00	0.00	0.00	0	-
Total Liabilities	4,620,449	4,233,408	2,827,474	0	+9.14%
Total Equity and Liabilities	9,058,790	8,775,339	6,097,182	0	+3.23%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q4

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	Book Value Per Share	Combined Expense Ratio	Commission Income Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	First Policy	Graham's Number	Investment Yield	Loss Ratio	Management Expense Ratio	Net Profit Margin	P/B	P/E (Annualized)	P/E (TTM)	Policy Retention	P/S	Retained Risk	ROA (Annualized)	ROA (TTM)%	ROE (Annualized)	ROE (TTM)%
AIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HEI	473	-1.71	-0.36%	0.01	0.28	213.94	66.69	27.07	1.01	13.51	13.51	79.16	255.01	3.29	69.35	24.41	11.16	2.43	38.49	35.75	26.41	4.3	45.76	3.18	3.18%	6.37	6.37%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	393	+0.71	+0.18%	0.01	0.18	179.53	91.69	40.8	1.65	0.13	0.13	72.18	22.92	4.14	100.81	31.68	0.17	2.5	3,453.85	3,138.46	29.76	6.04	33.11	0.03	0.03%	0.07	0.07%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	456	-2.98	-0.65%	0.01	0.22	176.85	84.49	19.84	0.7	5	5	78.8	141.05	3.77	76.74	27.59	8.19	2.9	102.58	93.38	21.95	8.39	51.86	1.79	1.79%	3.08	3.08%
NIL	529.8	-3.2	-0.6%	0.01	0.22	226.33	75.01	18.22	0.94	10.4	10.4	66.61	230.13	2.98	66.7	26.53	11.3	2.7	58.65	51.49	34.99	6.63	58.82	2.49	2.49%	4.63	4.63%
NMIC	821.8	-8.22	-0.99%	0.01	0.23	106.36	73.15	30.81	0.49	5.68	5.68	98.27	116.59	4.97	45.97	57.99	16.53	8.37	156.67	148.77	2,035.6	25.91	41.8	3.87	3.87%	5.51	5.51%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	592	-9.87	-1.64%	0.01	0.14	193	41.17	29.73	1.08	13.33	13.33	59.09	240.59	6.45	34.87	36.03	24.37	3.46	50.12	45.23	37.84	12.22	39.73	3.41	3.41%	7.08	7.08%
RBCL	14,000	+198.74	+1.44%	0.04	0.04	6,407.05	70.88	96.13	0.45	129.18	129.18	52.63	4,315.37	2.52	76.41	90.6	37.76	2.32	115.18	105.86	9.59	43.5	15.63	1.4	1.4%	2	2%
SALICO	533	-7.02	-1.3%	0.01	0.23	232.72	81.06	23.27	1.06	11.94	11.94	53.84	250.04	3.98	79.83	24.5	9.62	2.6	50.67	45.64	81.07	4.88	49.14	2.25	2.25%	5.06	5.06%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	385.1	-1.9	-0.49%	0.01	0.17	147.33	64.76	54.71	1.65	5.76	5.76	57.52	138.18	3.01	78.87	40.6	9.09	3.18	81.42	69.24	41.03	7.4	30.52	1.52	1.52%	3.94	3.94%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SICL	552	-6.03	-1.08%	0.02	0.2	191.95	75.26	38.7	1.56	4.19	4.19	70.32	134.52	3.91	81.27	32.69	4.4	3.2	146.78	137.92	32.17	6.45	31.47	0.89	0.89%	2.21	2.21%
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	623	-6.99	-1.11%	0.02	0.17	260.26	84.04	24.47	1.78	11.65	11.65	60.08	261.19	3.98	76.37	32.14	10.54	2.85	63.61	54.51	36.13	6.71	49.06	1.82	1.82%	4.35	4.35%
UAIL	371.9	+1.89	+0.51%	0.01	0.22	188.01	79.81	24.68	1.08	2.73	2.73	88.01	107.46	2.63	72.74	31.75	3.49	2.3	158.61	139.93	16.79	5.54	44.37	0.76	0.76%	1.49	1.49%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,644.22	12.78	-0.51%	0.01	0.192	710.28	74	35.7	1.12	17.79	17.79	69.71	517.75	3.8	71.66	38.04	12.22	3.234	373.05	338.848	200.28	11.498	40.94	1.95	1.95%	3.82	3.82%
MED	531.4	-3.09	-0.63%	0.01	0.21	192.48	75.14	28.4	1.07	8.08	8.08	68.47	185.59	3.84	76.39	31.95	10.08	2.775	92	81.31	33.58	6.67	43.08	1.81	1.81%	4.15	4.15%
MAX	14,000	198.74	1.44%	0.04	0.28	6,407.05	91.69	96.13	1.78	129.18	129.18	98.27	4,315.37	6.45	100.81	90.6	37.76	8.37	3,453.85	3,138.46	2,035.6	43.5	58.82	3.87	3.87%	7.08	7.08%
MIN	371.9	-9.87	-1.64%	0.01	0.04	106.36	41.17	18.22	0.45	0.13	0.13	52.63	22.92	2.52	34.87	24.41	0.17	2.3	38.49	35.75	9.59	4.3	15.63	0.03	0.03%	0.07	0.07%