United Ajod Insurance Limited

Non Life InsuranceLow Cap

NPR 361.50

NPR +0.5+0.14%

09:14 AM NPT · Nov 6, 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

361.00

High

364.00

Low

358.30

Prev Close

361.00

Volume

10,056

Turnover

Rs 3,617,325.6

Txns

Valuation · Q4 FY25/26

EPS Ann.

2.73

EPS TTM

2.73

BVPS

188.01

P/E Ann.

132.42

P/E TTM

132.42

Graham #

107.46

Capital

Mkt Cap

9.59 Arab

Total

2.65 Crore

Public

1.3 Crore

Promoter

1.35 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

43.35

ADX

26.25

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

362.57

SMA 50

375.9

Bands & Channels

BB Width %

4.78%

Volume & Flow

OBV

4,301,595

Flow Analysis

[ Live 2026-11-06 ]

Total Buy

71,532

Shares Bought

Total Sell

71,532

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 43%

Distribution 57%

Accumulators

Quantity

25,673

Amount

9,312,179

Avg Rate

362.72

Rank

Brokers

#45#58#34#38

Distributors

Quantity

34,589

Amount

12,514,210

Avg Rate

361.80

Rank

Brokers

#50#14#49

Net Flow Impact:

-8,916units

(Rs. -3,202,031)

Net Flow by Timeframe

UAIL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 108,234 ]

Buy Side

Total: 50,885

Broker

QTY

AVG

NET

8,186

362.54

+6,602

11.4%

7,940

364.01

+6,128

11.1%

4,787

362.03

+4,682

6.7%

4,760

361.58

+4,712

6.7%

3,160

363.40

+2,089

4.4%

2,856

362.06

+1,442

4.0%

2,850

360.29

+2,324

4.0%

2,752

363.48

+2,710

3.9%

2,507

363.72

+1,600

3.5%

2,484

366.66

+2,472

3.5%

2,380

363.62

+203

3.3%

1,610

365.31

+1,584

2.3%

1,578

360.50

+1,049

2.2%

1,520

359.67

+1,504

2.1%

1,515

365.35

+696

2.1%

Sell Side

Total: 57,349

Broker

QTY

AVG

NET

24,913

361.64

-24,903

34.8%

5,220

364.12

-5,216

7.3%

4,456

359.93

-3,704

6.2%

4,159

367.75

-3,642

5.8%

3,564

362.04

-3,147

5.0%

3,536

364.09

-1,719

4.9%

2,850

359.71

-2,756

4.0%

2,000

365.53

-1,350

2.8%

1,822

365.09

-1,442

2.5%

1,378

366.06

-1,378

1.9%

1,200

361.30

-1,059

1.7%

1,000

363.24

-536

1.4%

567

361.34

-348

0.8%

484

364.90

-415

0.7%

200

367.35

-80

0.3%

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	444.3	+0.89	+0.2%	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	389.2	-4.29	-1.09%	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	435.6	-3.38	-0.77%	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	517.1	-2.39	-0.46%	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	495	+2.02	+0.41%	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	775	-4.99	-0.64%	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	585.9	+0.88	+0.15%	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	14,200	+469.58	+3.42%	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	523	+3.48	+0.67%	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	387.4	+0.31	+0.08%	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	532.6	-1.39	-0.26%	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	607	+3.08	+0.51%	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	1,657.68	38.65	0.18%	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	520.05	0.59	0.11%	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	14,200	469.58	3.42%	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	387.4	-4.99	-1.09%	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%