National Life Insurance Co. Ltd.

Life InsuranceHigh Cap

NPR 581.40

NPR +9.4+1.64%

09:03 AM NPT · Sep 24, 2026

Est. 2045 B.S. (incorporated under Company Act 1964 and Insurance Act) · Lazimpat, Kathmandu, Nepal · CEO: Suresh Prasad Khatri

National Life Insurance Company Limited (often called “National Life”) is one of Nepal’s leading life-insurance companies. It was incorporated in 1988 AD under the Nepal Company Act 1964 and the then-applicable Insurance Act. Over more than three decades, National Life has established a reputation for striving to meet the insurance needs of individuals, families, and institutions across Nepal. Its business philosophy emphasizes professionalism, transparency, trustworthiness, and honesty values that underpin its vision “to build financial freedom for all.” National Life offers a variety of life-insurance and life-investment products tailored to different needs: from endowment and money-back plans to whole-life, term-assurance, retirement plans, single-premium plans, and children’s education/benefit plans. Financially, the company reports a substantial life-fund size and robust premium collection. According to its disclosed information, the life fund is around NPR 69 billion, its annual premium collection is roughly NPR 15 billion, and it provides coverage to over 900,000 policyholders. Beyond financials, National Life continues to invest in infrastructure: it holds prime properties across the country and is reportedly planning to build a modern multi-storey commercial complex on its own land in Lazimpat, Kathmandu. The company also emphasises service standards: transparent benefits, customizable products, and adopting technology where applicable, aiming to deliver world-class insurance solutions to its customers. In recent years, National Life’s governance and performance have been recognized: in 2025, the company was awarded “Best Managed Life Insurance Company 2025” for its strong leadership, financial performance and inclusive corporate practices.

nationallife.com.np/

Trading

Open

570.00

High

584.80

Low

565.10

Prev Close

572.00

Volume

15,395

Turnover

Rs 8,930,326.2

Txns

Valuation · Q4 FY25/26

EPS Ann.

6.51

EPS TTM

6.51

BVPS

121.71

P/E Ann.

89.31

P/E TTM

89.31

Graham #

133.52

Capital

Mkt Cap

31.82 Arab

Total

5.47 Crore

Public

1.92 Crore

Promoter

3.56 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Sell

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

71.45

ADX

35.79

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

563.29

SMA 50

569.77

Bands & Channels

BB Width %

9.25%

Volume & Flow

OBV

3,010,045

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

100,194

Shares Bought

Total Sell

100,194

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 37%

Distribution 63%

Accumulators

Quantity

31,266

Amount

18,157,700

Avg Rate

580.75

Rank

Brokers

#94#35#45

Distributors

Quantity

52,566

Amount

30,434,560

Avg Rate

578.98

Rank

Brokers

#71#69#91#4

Net Flow Impact:

-21,300units

(Rs. -12,276,861)

Net Flow by Timeframe

NLICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 161,992 ]

Buy Side

Total: 76,462

Broker

QTY

AVG

NET

16,431

580.30

+16,431

16.4%

8,123

583.61

+7,880

8.1%

6,712

578.39

+6,507

6.7%

6,101

575.73

+6,101

6.1%

5,032

574.03

+5,032

5.0%

5,000

580.70

+4,225

5.0%

5,000

583.99

+5,000

5.0%

4,908

577.88

+4,908

4.9%

4,155

580.95

+2,379

4.2%

3,528

576.54

+3,528

3.5%

2,968

577.99

+2,853

3.0%

2,584

580.62

+748

2.6%

2,000

578.32

+1,000

2.0%

2,000

579.00

+800

2.0%

1,920

577.56

+1,920

1.9%

Sell Side

Total: 85,530

Broker

QTY

AVG

NET

17,732

577.69

-15,732

17.7%

16,998

581.12

-16,998

17.0%

10,284

580.58

-3,084

10.3%

10,000

575.36

-10,000

10.0%

7,836

581.87

-7,836

7.8%

5,169

578.38

-1,288

5.2%

5,017

581.20

-4,517

5.0%

2,981

580.53

-2,981

3.0%

1,800

583.00

-1,800

1.8%

1,664

575.51

-1,664

1.7%

1,500

585.00

-1,500

1.5%

1,359

577.95

-1,234

1.4%

1,346

578.06

-1,346

1.3%

1,000

574.90

-420

1.0%

844

582.44

-844

0.8%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Assets
Goodwill & Intangible Assets	3,249	3,603	689	0	-9.80%
Property and Equipment	1,036,068	1,035,090	817,828	0	+0.09%
Investment Properties	2,010,066	1,932,581	1,711,085	0	+4.01%
Deferred Tax Assets	0.00	0.00	0.00	0	-
Investment in Subsidiaries	1,812,225	1,725,561	102,000	0	+5.02%
Investment in Associates	0.00	0.00	1040049.07	0	-
Investments	93,819,815	76,089,818	69,023,290	0	+23.30%
Loans	12,381,188	12,688,378	10,987,752	0	-2.42%
Reinsurance Assets	19,342	24,349	23,932	0	-20.56%
Current Tax Assets	123,037	299,612	0	0	-58.93%
Insurance Receivables	0.00	0.00	0.00	0	-
Insurance Payable	338,046	356,252	424,397	0	-5.11%
Other Financial Assets	3,876,037	4,075,623	1,715,439	0	-4.90%
Other Assets	50,303	64,713	126,811	0	-22.27%
Cash and Cash Equivalent	1,802,787	5,315,042	3,078,083	0	-66.08%
Total Assets	116,934,117	103,254,369	88,626,958	0	+13.25%
Equity
Share Capital	5,691,649	5,472,740	5,011,666	0	+4.00%
Share Application Money Pending Allotment	0.00	0.00	0.00	0	-
Share Premium	27,849	27,849	27,849	0	0.00%
Catastrophe Reserves	745,908	667,216	569,766	0	+11.79%
Retained Earnings	489,869	510,124	1,228,220	0	-3.97%
Other Equity	315,625	421,418	393,100	0	-25.10%
Total Equity	7,270,901	7,099,347	7,230,601	0	+2.42%
Liabilities
Insurance & Contract Liabilities
Provisions	322,982	134,855	131,491	0	+139.50%
Gross Insurance Contract Liabilities	106,202,391	92,537,449	77,956,872	0	+14.77%
Other Financial Liabilities	1,243,663	1,142,047	1,020,335	0	+8.90%
Other Liabilities	527,230	597,325	521,315	0	-11.73%
Taxes & Funding
Deferred Tax Liabilities	1,028,905	1,387,094	1,268,014	0	-25.82%
Current Tax Liabilities	0.00	0.00	73932.74	0	-
Borrowings	0.00	0.00	0.00	0	-
Total Liabilities	109,663,216	96,155,023	81,396,357	0	+14.05%
Total Equity and Liabilities	116,934,117	103,254,369	88,626,958	0	+13.25%

Sector Peers — Life Insurance (21)

Peer Comparison

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 Expense Ratio	Debt to Equity	EPS (Annualized)	EPS (TTM)	Graham's Number	Investment Yield	Loss Ratio	Management Expense Ratio	Net Profit Margin	P/B	P/E (Annualized)	P/E (TTM)	P/S	Retained Risk	ROA (Annualized)	ROA (TTM)%	ROE (Annualized)	ROE (TTM)%
ALICL	432.8	+5.81	+1.36%	0.02	0.24	116.29	122.87	8.43	9.17	7.89	7.89	143.68	6.13	110.07	4.37	2.89	3.6	53.11	54.87	1.54	98.11	0.69	0.69%	7.82	7.82%
CLI	440	+4.01	+0.92%	0.02	0.36	115.36	113.66	9.51	4.83	7.82	7.82	142.47	6.68	99.28	4.87	3.49	3.77	55.64	56.25	1.95	95.76	1.25	1.25%	6.49	6.49%
CREST	1,099	+4.05	+0.37%	0.01	0.42	96.51	90.84	9.42	0.6	0.34	0.34	27.17	7.62	66.7	14.72	0.54	12.17	3,455	3,250	18.84	75.47	0.22	0.22%	0.33	0.33%
GLICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GMLI	990	-10	-1%	0.01	0.48	104.58	101.43	8.92	0.66	2.14	2.14	70.96	6.87	80.96	11.55	2.79	11.19	546.68	481.31	15.27	84.43	1.34	1.34%	2.02	2.02%
HLI	309.2	+2.3	+0.75%	0.03	0.25	116.61	124.55	8.31	8.85	3.48	3.48	95.55	6.03	110.57	5.67	1.29	2.76	92.47	91.09	1.2	98.04	0.32	0.32%	3.03	3.03%
ILI	428	+0.98	+0.23%	0.02	0.37	120.69	104.38	8.98	3.32	11.68	11.68	178.09	5.93	88.54	6.86	6.45	3.38	34.93	36.81	2.25	96.45	2.42	2.42%	9.78	9.78%
JLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LICN	800.9	+9.03	+1.14%	0.04	0.22	162.36	141.93	7.21	16.74	7.38	7.38	164.19	7.4	131.75	2.97	1.21	4.86	107.02	110.16	1.3	99.51	0.26	0.26%	4.48	4.48%
NLIC	745	+1.64	+0.22%	0.07	0.27	124.71	127.59	7.71	23.7	4.91	4.91	117.38	6.88	117.56	2.32	0.62	6.01	152.71	149.69	0.96	98.92	0.17	0.17%	3.97	3.97%
PLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PLIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PMLI	423	+2.98	+0.71%	0.02	0.32	110.87	105.63	9.63	3.33	7.08	7.08	132.9	4.87	88.23	7.77	4.99	3.91	61.17	60.99	3.06	96.41	1.61	1.61%	6.46	6.46%
RLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
RNLI	438.1	+0.09	+0.02%	0.02	0.32	121.18	106.28	9.89	3.02	11.21	11.21	174.83	6.11	88.19	8.2	7.42	3.63	39.25	39.6	2.92	95.24	2.39	2.39%	9.31	9.31%
SJLIC	415	0	0%	0.02	0.31	121.29	120.27	8.79	9.02	7.59	7.59	143.92	6.75	105.44	6.04	2.22	3.41	54.41	55.44	1.21	98.32	0.68	0.68%	6.35	6.35%
SLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SLICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SNLI	421	+4	+0.96%	0.02	0.3	111.53	103.88	9.55	2.27	7.92	7.92	140.98	5.95	85.52	8.81	7.16	3.78	53.3	52.9	3.82	96.04	2.13	2.13%	6.92	6.92%
SRLI	373.8	+5.81	+1.58%	0.02	0.33	110.88	109.38	10.44	4.79	7.65	7.65	138.15	5.42	91.89	7.05	3.99	3.42	49.52	49.15	1.98	97.07	1.31	1.31%	6.93	6.93%
ULI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	562.75	2.36	0.56%	0.03	0.322	117.91	113.28	8.98	6.95	6.7	6.7	128.48	6.36	97.28	7.02	3.47	5.068	365.79	345.251	4.331	94.6	1.14	1.14%	5.68	5.68%
MED	432.8	2.98	0.71%	0.02	0.32	116.29	109.38	8.98	4.79	7.59	7.59	140.98	6.13	91.89	6.86	2.89	3.77	55.64	56.25	1.98	96.45	1.25	1.25%	6.46	6.46%
MAX	1,099	9.03	1.58%	0.07	0.48	162.36	141.93	10.44	23.7	11.68	11.68	178.09	7.62	131.75	14.72	7.42	12.17	3,455	3,250	18.84	99.51	2.42	2.42%	9.78	9.78%
MIN	309.2	-10	-1%	0.01	0.22	96.51	90.84	7.21	0.6	0.34	0.34	27.17	4.87	66.7	2.32	0.54	2.76	34.93	36.81	0.96	75.47	0.17	0.17%	0.33	0.33%