United Ajod Insurance Limited

Non Life InsuranceLow Cap

NPR 371.90

NPR +1.9+0.51%

09:14 AM NPT · Sep 24, 2026

Est. 2080-02-14 B.S. (formed after the merger of United Insurance Co. and Ajod Insurance Ltd.) · Sundhara, Kathmandu, Nepal · CEO: Kamal Gautam

United Ajod Insurance emerged from the merger of two established Nepali non-life insurers: United Insurance Company (Nepal) Ltd. (UIC) and Ajod Insurance Limited (AIL). The merger was finalized in 2023, giving birth to United Ajod Insurance a stronger, combined insurance firm with broader reach and enhanced capital base. Since commencing full operations on May 28, 2023 (Jestha 14, 2080 B.S.), United Ajod has positioned itself as a major player in Nepal’s non-life insurance market.Its headquarters is in Sundhara, Kathmandu, and the company claims a workforce of over 500 employees operating across a network of more than 110 offices nationwide giving it a wide geographic footprint and extensive accessibility for clients. United Ajod offers a comprehensive range of general-insurance products tailored to individuals, families, businesses, and institutions. These include motor insurance, property and fire insurance, marine and cargo insurance, travel-medical cover, engineering and construction-related insurance, liability insurance, and other miscellaneous and corporate-risk products.The company emphasizes customer-centric service, pledging “fast-track claim processing,” digital/online policy issuance, 365-day support, and strong backing via national and international reinsurance arrangements a model designed to provide reliability and trust for clients across Nepal. In the short period since its formation, United Ajod has already demonstrated active engagement in Nepal’s risk environment. For instance, during periods of unrest and civil disturbances (notably civil protests with vandalism/rioting causing widespread property damage), UAIL reportedly handled a large number of claims reflecting both the relevance of comprehensive insurance in Nepal’s socio-political context and UAIL’s ability to respond at scale. Overall, United Ajod Insurance stands as a modern, consolidated non-life insurer in Nepal, blending legacy expertise with renewed scale and ambition. With strong domestic coverage, diverse insurance offerings, and a focus on customer service, UAIL is among the emerging leaders in Nepal’s general-insurance sector.

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Trading

Open

370.00

High

371.90

Low

364.00

Prev Close

370.00

Volume

6,904

Turnover

Rs 2,539,742.2

Txns

129

Valuation · Q4 FY25/26

EPS Ann.

2.73

EPS TTM

2.73

BVPS

188.01

P/E Ann.

136.23

P/E TTM

136.23

Graham #

107.46

Capital

Mkt Cap

8.59 Arab

Total

2.31 Crore

Public

1.13 Crore

Promoter

1.18 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Very Strong

Momentum

RSI (14)

48.05

ADX

45.56

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

379.23

SMA 50

417.14

Bands & Channels

BB Width %

16.71%

Volume & Flow

OBV

4,287,124

Flow Analysis

[ Live 2026-09-24 ]

Total Buy

44,670

Shares Bought

Total Sell

44,670

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 42%

Distribution 58%

Accumulators

Quantity

8,027

Amount

3,000,527

Avg Rate

373.80

Rank

#11

Brokers

#49#25#45

Distributors

Quantity

11,303

Amount

4,230,927

Avg Rate

374.32

Rank

Brokers

#7#69#29#56

Net Flow Impact:

-3,276units

(Rs. -1,230,400)

Net Flow by Timeframe

UAIL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 55,893 ]

Buy Side

Total: 22,444

Broker

QTY

AVG

NET

3,826

375.32

+2,887

8.6%

2,101

371.68

+1,878

4.7%

2,100

373.17

+1,950

4.7%

1,618

373.38

+1,618

3.6%

1,600

372.44

+1,600

3.6%

1,538

372.35

+1,291

3.4%

1,530

373.93

+593

3.4%

1,515

375.40

+369

3.4%

1,302

369.60

+176

2.9%

1,138

373.05

+59

2.5%

1,116

369.77

+1,061

2.5%

1,034

367.86

+707

2.3%

797

379.27

+593

1.8%

690

374.21

+154

1.5%

539

375.01

+528

1.2%

Sell Side

Total: 33,449

Broker

QTY

AVG

NET

8,954

370.88

-582

20.0%

3,986

373.07

-2,126

8.9%

3,521

376.39

-1,983

7.9%

2,680

375.05

-2,580

6.0%

2,325

371.20

-2,325

5.2%

2,312

378.76

-2,151

5.2%

1,655

372.22

-863

3.7%

1,578

376.58

-318

3.5%

1,474

385.66

-464

3.3%

1,135

379.00

-265

2.5%

952

369.32

-838

2.1%

787

381.90

-78

1.8%

711

378.77

-459

1.6%

711

385.50

-11

1.6%

668

369.39

-369

1.5%

Financial Fundamentals

Financial Metric	FY25/26 Q4	FY24/25 Q4	FY23/24 Q4	FY22/23 Q4	Growth %
Assets
Goodwill & Intangible Assets	174,885	175,991	177,531	0	-0.63%
Property and Equipment	191,420	157,723	102,012	0	+21.36%
Investment Properties	0.00	0.00	0.00	0	-
Deferred Tax Assets	0.00	0.00	0.00	0	-
Investment in Subsidiaries	0.00	0.00	0.00	0	-
Investment in Associates	0.00	0.00	0.00	0	-
Investments	4,508,874	4,265,727	4,297,662	0	+5.70%
Loans	145.75	769.51	3854.42	0	-81.06%
Reinsurance Assets	2,262,117	1,016,213	2,026,968	0	+122.60%
Current Tax Assets	136,675	90,070	109,503	0	+51.74%
Insurance Receivables	683,420	910,747	745,213	0	-24.96%
Other Financial Assets	279,532	214,501	223,178	0	+30.32%
Other Assets	276,241	184,306	137,051	0	+49.88%
Cash and Cash Equivalent	540,659	325,872	76,236	0	+65.91%
Total Assets	9,053,968	7,341,919	7,899,206	0	+23.32%
Equity
Share Capital	2,310,000	2,310,000	2,100,000	0	0.00%
Share Application Money Pending Allotment	226,877	0	0	0	-
Share Premium	0.00	0.00	0.00	0	-
Catastrophe Reserves	49,708	45,151	43,278	0	+10.09%
Retained Earnings	143,910	100,641	131,348	0	+42.99%
Other Equity	541,198	1,627,266	1,457,565	0	-66.74%
Total Equity	4,343,119	4,083,059	3,732,192	0	+6.37%
Liabilities
Insurance & Contract Liabilities
Provisions	154,432	60,415	302,913	0	+155.62%
Gross Insurance Contract Liabilities	3,590,662	2,020,202	3,034,383	0	+77.74%
Insurance Payable	445,179	680,105	447,845	0	-34.54%
Other Financial Liabilities	158,131	326,276	118,599	0	-51.53%
Other Liabilities	289,562	170,812	248,625	0	+69.52%
Taxes & Funding
Deferred Tax Liabilities	72,883	1,050	14,651	0	+6838.03%
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	0.00	0.00	0.00	0	-
Total Liabilities	4,710,849	3,258,861	4,167,015	0	+44.56%
Total Equity and Liabilities	9,053,968	7,341,919	7,899,206	0	+23.32%

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%
NLG	512	-6.01	-1.16%	0.01	0.21	166.36	86.02	36.64	1.04	2.17	2.17	68.57	90.13	5.27	91.42	31.24	3.14	3.35	257.14	244.24	35.35	8.11	28.8	0.64	0.64%	1.28	1.28%
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%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,655.89	12.13	-0.65%	0.01	0.191	708.47	74.52	36.7	1.12	17.75	17.75	68.09	516.31	4.02	73.22	38	12.19	3.322	381.26	347.541	201.82	11.712	39.64	1.94	1.94%	3.8	3.8%
MED	531.4	-4.6	-0.82%	0.01	0.205	192.48	75.14	30.27	1.05	8.08	8.08	67.59	185.59	3.95	76.57	31.91	10.08	2.875	92	81.31	35.17	7.055	40.77	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	385.1	-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	2.32	38.49	35.75	9.59	4.3	15.63	0.03	0.03%	0.07	0.07%