National Life Insurance Co. Ltd.

Life InsuranceHigh Cap

NPR 590.00

NPR +4+0.68%

09:13 AM NPT · May 12, 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

590.00

High

595.80

Low

585.00

Prev Close

586.00

Volume

7,211

Turnover

Rs 4,225,984

Txns

Valuation · Q2 FY25/26

EPS Ann.

10.08

EPS TTM

7.39

BVPS

120.12

P/E Ann.

58.53

P/E TTM

79.84

Graham #

165.06

Capital

Mkt Cap

32.29 Arab

Total

5.47 Crore

Public

1.92 Crore

Promoter

3.56 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

51.89

ADX

27.91

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

585.93

SMA 50

596.7

Bands & Channels

BB Width %

4.18%

Volume & Flow

OBV

2,939,179

Flow Analysis

[ Live 2026-05-12 ]

Total Buy

31,868

Shares Bought

Total Sell

31,868

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 44%

Distribution 56%

Accumulators

Quantity

11,573

Amount

6,784,110

Avg Rate

586.20

Rank

Brokers

#53#39#40#65

Distributors

Quantity

14,544

Amount

8,411,815

Avg Rate

578.37

Rank

#10

Brokers

#58#49#34

Net Flow Impact:

-2,971units

(Rs. -1,627,705)

Net Flow by Timeframe

NLICL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 48,274 ]

Buy Side

Total: 22,175

Broker

QTY

AVG

NET

3,916

585.78

+3,816

12.3%

3,048

591.28

+2,998

9.6%

2,515

582.77

+2,449

7.9%

2,094

583.73

+2,037

6.6%

1,796

575.08

+1,016

5.6%

1,711

575.84

+1,464

5.4%

1,111

581.39

+1,035

3.5%

1,000

584.42

+1,000

3.1%

820

575.60

+819

2.6%

811

576.04

+611

2.5%

730

581.59

+301

2.3%

699

579.84

+591

2.2%

694

572.00

+694

2.2%

630

577.96

+192

2.0%

600

576.83

+200

1.9%

Sell Side

Total: 26,099

Broker

QTY

AVG

NET

7,819

577.41

-6,943

24.5%

3,938

574.99

-3,715

12.4%

2,787

585.85

-2,274

8.8%

2,648

591.93

-1,078

8.3%

1,503

576.79

-1,395

4.7%

1,373

583.52

-553

4.3%

1,303

587.76

-1,303

4.1%

1,077

582.20

-524

3.4%

929

575.89

-929

2.9%

563

586.48

-563

1.8%

541

584.34

-531

1.7%

500

585.04

-424

1.6%

384

583.00

-253

1.2%

371

594.03

-371

1.2%

363

585.00

-183

1.1%

Financial Fundamentals

Financial Metric	FY25/26 Q2	FY24/25 Q2	FY23/24 Q2	FY22/23 Q2	Growth %
Assets
Goodwill & Intangible Assets	3,679,270	483,019	984,678	0	+661.72%
Property and Equipment	1,021,752,938	855,760,052	697,464,370	0	+19.40%
Investment Properties	1,932,580,892	1,711,084,527	1,150,628,527	702,469,766	+12.94%
Deferred Tax Assets	0.00	0.00	0.00	0	-
Investment in Subsidiaries	1,812,224,670	102,000,000	0	0	+1676.69%
Investment in Associates	0.00	1521615920.00	943060893.00	0	-100.00%
Investments	80,310,680,351	70,653,446,999	63,454,799,570	39,825,926,651	+13.67%
Loans	13,229,275,154	11,619,357,008	11,332,252,400	9,483,260,145	+13.86%
Reinsurance Assets	32,327,133	22,987,457	18,587,059	0	+40.63%
Current Tax Assets	84,861,753	0	0	0	-
Insurance Receivables	0.00	0.00	0.00	0	-
Insurance Payable	558,145,234	347,225,613	383,542,979	0	+60.74%
Other Financial Assets	3,472,296,930	2,131,485,202	1,503,845,017	0	+62.91%
Other Assets	35,973,481	136,074,170	141,586,946	14,869,827,838	-73.56%
Cash and Cash Equivalent	8,331,285,406	5,396,657,119	1,452,008,256	409,194,871	+54.38%
Total Assets	110,266,937,978	94,150,951,473	80,695,217,716	65,290,679,271	+17.12%
Equity
Share Capital	5,691,649,325	5,212,133,082	5,011,666,425	4,640,431,875	+9.20%
Share Application Money Pending Allotment	0.00	0.00	0.00	0	-
Share Premium	27,848,718	27,848,718	27,848,718	0	0.00%
Catastrophe Reserves	737,162,138	597,679,667	496,397,861	0	+23.34%
Retained Earnings	407,935,064	739,389,726	601,878,078	266,539,315	-44.83%
Other Equity	400,052,300	407,899,490	488,350,562	56,159,134,713	-1.92%
Total Equity	7,264,647,545	6,984,950,683	6,626,141,644	61,066,105,903	+4.00%
Liabilities
Insurance & Contract Liabilities
Provisions	134,855,191	131,491,306	93,166,765	3,395,405,988	+2.56%
Gross Insurance Contract Liabilities	99,433,104,230	84,101,781,466	71,442,581,160	0	+18.23%
Other Financial Liabilities	1,168,729,287	793,337,194	640,990,543	0	+47.32%
Other Liabilities	405,449,436	373,484,673	330,225,468	457,098,909	+8.56%
Taxes & Funding
Deferred Tax Liabilities	1,302,007,055	1,318,041,625	1,161,712,497	0	-1.22%
Current Tax Liabilities	0.00	100638913.00	16856660.00	0	-100.00%
Borrowings	0.00	0.00	0.00	372068471.00	-
Total Liabilities	103,002,290,433	87,166,000,790	74,069,076,072	4,224,573,368	+18.17%
Total Equity and Liabilities	110,266,937,978	94,150,951,473	80,695,217,716	65,290,679,271	+17.12%

Sector Peers — Life Insurance (21)

Peer Comparison

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)%
ALICL	449	-4.99	-1.1%	-	0.23	124.65	-	10.54	8.45	153.95	-	0%	-	4.03%	7.64	45.16	0	42.01	52.4	7.28	0.94%	0.75%	10.08%	8.08%
CLI	452.3	-3.69	-0.81%	-	0.37	112.2	-	9.26	8.51	146.57	-	0%	-	4.64%	8.47	51.3	0	49.34	53.69	9.53	1.68%	1.56%	8.74%	8.04%
CREST	1,138	+1.02	+0.09%	-	0.51	106.81	-	3.13	4.06	98.78	-	0%	-	4.91%	23.13	394.57	4.06	424.28	327.09	77.55	2.5%	3.24%	3.5%	4.54%
GLICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GMLI	1,267	-33.02	-2.54%	-	0	104.21	-	3.53	8.25	139.08	-	0%	-	4,876.37%	32.74	483.31	0	490.08	209.7	85,305	2.74%	6.42%	4.02%	9.4%
HLI	339	-2.01	-0.59%	-	0.25	115.41	-	4.59	4.13	103.56	-	0%	-	1.81%	6.36	79.96	0	78.65	87.41	5.88	0.44%	0.41%	3.9%	3.56%
ILI	435.9	-0.22	-0.05%	-	0.37	114.48	-	10.83	11.72	173.75	-	0%	-	6.81%	7.68	40.58	35.82	40.12	37.07	11.06	2.52%	2.73%	8.78%	9.51%
JLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LICN	809	-3	-0.37%	-	0	159.09	-	8.17	7.25	161.09	-	0%	-	1,367.14%	10.72	104.33	0	100.98	113.79	5,682.67	0.3%	0.27%	6.14%	5.45%
NLIC	761	-7.61	-0.99%	-	0.28	123.29	-	7.11	22.38	249.16	-	0%	-	5.54%	12.56	108.86	0	105.49	33.51	4.1	1.56%	0.83%	33.68%	17.99%
PLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PLIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PMLI	461.1	-6.88	-1.47%	-	0.33	106.32	-	5.02	6.05	120.3	-	0%	-	3.91%	9.06	95.92	0	97.01	80.5	15.02	1.28%	1.56%	4.76%	5.75%
RLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
RNLI	458	-5.52	-1.19%	-	0.35	117.05	-	15.24	11.85	176.66	-	0%	-	10.57%	7.92	30.43	31.96	29.72	38.23	12.88	3.66%	2.85%	13.22%	10.29%
SJLIC	430	-2.99	-0.69%	-	0.31	117.82	-	8.06	7.1	137.19	-	0%	-	2.62%	7.44	54.4	18.25	53.66	60.92	5.71	0.8%	0.71%	6.94%	6.12%
SLI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SLICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SNLI	449	-3.99	-0.88%	-	0.18	115.6	-	11.35	10.84	167.91	-	0%	-	18.31%	8.22	41.88	0	39.82	41.7	30.69	3.26%	3.12%	10.62%	10.16%
SRLI	389.5	-3.42	-0.87%	-	0.34	108.8	-	11.01	8.41	143.48	-	0%	-	6.26%	7.39	36.51	1.98	34.92	45.72	9.14	2.1%	1.61%	9.98%	7.63%
ULI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	602.98	-5.87	-0.88%	-	0.271	117.36	-	8.3	9.15	151.65	-	0%	-	485.61%	11.487	120.555	7.082	122.006	90.902	7,013.578	1.83%	2%	9.57%	8.19%
MED	452.3	-3.69	-0.87%	-	0.31	115.41	-	8.17	8.41	146.57	-	0%	-	5.54%	8.22	54.4	0	53.66	53.69	11.06	1.68%	1.56%	8.74%	8.04%
MAX	1,267	1.02	0.09%	-	0.51	159.09	-	15.24	22.38	249.16	-	0%	-	4,876.37%	32.74	483.31	35.82	490.08	327.09	85,305	3.66%	6.42%	33.68%	17.99%
MIN	339	-33.02	-2.54%	-	0	104.21	-	3.13	4.06	98.78	-	0%	-	1.81%	6.36	30.43	0	29.72	33.51	4.1	0.3%	0.27%	3.5%	3.56%