United Ajod Insurance Limited

Non Life InsuranceLow Cap

NPR 440.70

NPR -0.7-0.16%

09:14 AM NPT · Aug 7, 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

433.10

High

442.00

Low

433.10

Prev Close

441.40

Volume

14,840

Turnover

Rs 6,503,824.4

Txns

Valuation · Q3 FY25/26

EPS Ann.

-4.03

EPS TTM

1.32

BVPS

174.73

P/E Ann.

-109.35

P/E TTM

333.86

Graham #

N/A

Capital

Mkt Cap

10.18 Arab

Total

2.31 Crore

Public

1.13 Crore

Promoter

1.18 Crore

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Sell

RSI

Strong Buy

SuperTrend

Strong Buy

Trend Analysis

Direction

Uptrend

Strength

Strong

Momentum

RSI (14)

13.88

ADX

31.79

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

448.26

SMA 50

458.06

Bands & Channels

BB Width %

11.86%

Volume & Flow

OBV

4,369,371

Flow Analysis

[ Live 2026-08-07 ]

Total Buy

42,283

Shares Bought

Total Sell

42,283

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 52%

Distribution 48%

Accumulators

Quantity

20,800

Amount

9,234,223

Avg Rate

443.95

Rank

Brokers

#58#56#69#51

Distributors

Quantity

19,575

Amount

8,653,434

Avg Rate

442.07

Rank

Brokers

#82#3#57

Net Flow Impact:

+1,225units

(Rs. 580,789)

Net Flow by Timeframe

UAIL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 64,609 ]

Buy Side

Total: 35,964

Broker

QTY

AVG

NET

10,364

444.99

+2,409

24.5%

6,046

440.78

+4,626

14.3%

2,290

445.00

+2,290

5.4%

2,100

446.83

+2,100

5.0%

2,040

442.10

+2,030

4.8%

1,742

440.16

+1,479

4.1%

1,687

442.49

+1,235

4.0%

1,656

439.95

+890

3.9%

1,430

439.89

+1,054

3.4%

1,397

444.18

+1,397

3.3%

1,301

435.85

+1,281

3.1%

1,000

437.00

+989

2.4%

1,000

445.39

+774

2.4%

1,000

442.00

+489

2.4%

911

440.13

+911

2.1%

Sell Side

Total: 28,645

Broker

QTY

AVG

NET

10,994

444.64

-10,994

26.0%

6,010

438.62

-6,010

14.2%

2,571

439.14

-2,229

6.1%

2,420

446.55

-1,919

5.7%

1,253

442.10

-1,104

3.0%

1,013

444.07

-929

2.4%

742

444.39

-292

1.8%

605

438.11

-553

1.4%

599

441.88

-539

1.4%

581

442.70

-312

1.4%

550

442.55

-550

1.3%

491

441.19

-245

1.2%

330

438.10

-280

0.8%

276

441.92

-249

0.7%

210

445.05

-210

0.5%

Financial Fundamentals

Financial Metric	FY25/26 Q3	FY24/25 Q3	FY23/24 Q3	FY22/23 Q3	Growth %
Assets
Goodwill & Intangible Assets	158,392	176,842	177,531	0	-10.43%
Property and Equipment	145,452	159,806	145,507	0	-8.98%
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	4,489,055	4,303,648	4,597,488	0	+4.31%
Loans	182.09	1938.51	4621.20	0	-90.61%
Reinsurance Assets	385,423	1,264,120	2,282,987	0	-69.51%
Current Tax Assets	1,113,736	123,831	62,658	0	+799.40%
Insurance Receivables	476,181	834,205	700,658	0	-42.92%
Other Financial Assets	319,677	203,568	270,179	0	+57.04%
Other Assets	383,963	206,394	133,608	0	+86.03%
Cash and Cash Equivalent	350,077	247,343	28,954	0	+41.53%
Total Assets	7,822,137	7,521,695	8,404,189	0	+3.99%
Equity
Share Capital	2,310,000	2,100,000	1,904,568	0	+10.00%
Share Application Money Pending Allotment	0.00	0.00	0.00	0	-
Share Premium	0.00	0.00	0.00	0	-
Catastrophe Reserves	47,017	43,603	40,502	0	+7.83%
Retained Earnings	54,978	165,856	285,423	0	-66.85%
Other Equity	1,624,364	1,672,004	1,650,574	0	-2.85%
Total Equity	4,036,359	3,981,463	3,881,066	0	+1.38%
Liabilities
Insurance & Contract Liabilities
Provisions	214,744	62,370	243,391	0	+244.31%
Gross Insurance Contract Liabilities	2,923,581	2,427,529	3,417,645	0	+20.43%
Insurance Payable	132,645	549,982	464,902	0	-75.88%
Other Financial Liabilities	342,415	317,733	112,575	0	+7.77%
Other Liabilities	156,678	169,224	269,959	0	-7.41%
Taxes & Funding
Deferred Tax Liabilities	15,715	13,395	14,651	0	+17.32%
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	0.00	0.00	0.00	0	-
Total Liabilities	3,785,778	3,540,232	4,523,123	0	+6.94%
Total Equity and Liabilities	7,822,137	7,521,695	8,404,189	0	+3.99%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non Life Insurance SECTOR — NEPAL

2025/2026 Q3

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	534	-3.01	-0.56%	0.01	0.24	205.28	82.75	25.3	1.3	5.9	12.42	77.34	239.51	2.53	82.49	25.56	5.71	3.4	88.64	45.49	24.47	9.01	48.55	1.39	2.92%	2.89	6.1%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	430	+0.99	+0.23%	0.01	0.16	182.72	95.09	35.23	1.64	0.02	3.31	70.23	116.65	3.18	100.23	30.09	0.02	3.23	22,150	139.18	28.29	11.49	39.26	-	0.77%	-	1.79%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	499	-1	-0.2%	0.01	0.19	169.84	82.76	20.81	0.72	5.55	9.57	78.51	191.23	3.02	74.12	29.45	9.75	3.93	90.29	58.83	22.45	15.68	52.66	1.89	3.28%	3.56	6.14%
NIL	615.9	+0.8	+0.13%	0.02	0.2	219.08	78.07	23.25	1.01	7.89	12.46	64.86	247.83	2.16	73.58	27.74	9.73	3.9	81.12	52.66	36.01	14.05	57.72	1.91	3.02%	3.81	6.03%
NLG	570	+3.01	+0.53%	0.02	0.18	165.73	86.22	55.25	1.19	1.74	2.72	67.77	100.71	4.03	103.55	37.92	2.66	5.05	360.98	237.87	36.01	17.12	26.17	0.47	0.74%	1.07	1.67%
NMIC	910	-3.01	-0.33%	0.01	0.12	100.17	114.99	31.59	0.72	4.54	3.56	98.24	89.57	3.44	66.29	80.29	25.7	15.9	263.19	299.94	2.1	120.42	40.05	2.96	2.32%	4.51	3.54%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	666	-4.49	-0.67%	0.01	0.14	209.55	36.47	29.58	1.15	16.58	13.12	57.22	248.72	5.9	30.1	35.95	28.41	4.42	41.86	53.58	37.14	21.14	47.28	3.88	3.07%	8.12	6.42%
RBCL	14,210	-90.09	-0.63%	0.04	0.04	6,524.1	106.34	105.37	0.46	144.49	120.36	47.81	4,203.32	2.22	119.43	92.28	39.07	3.18	107.62	127.2	8.17	74.76	17.04	1.55	1.28%	2.24	1.87%
SALICO	589	+2.99	+0.51%	0.02	0.18	233.64	89.86	23.94	1.43	6.77	10.85	-	238.82	3.1	85.75	28.05	6.4	3.46	89.66	59.45	-	10.2	49.56	1.12	1.8%	2.8	4.49%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	452	-4.29	-0.94%	0.01	0.13	153.04	71.52	51.92	1.7	3.19	7.82	56.24	164.1	2.36	80.18	43.26	5.67	4.3	154.83	64.07	40.71	15.65	27.09	0.75	1.85%	2.12	5.2%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SICL	609.1	-7.77	-1.26%	0.02	0.18	189.6	84.8	35.7	1.62	3.03	5.36	70.21	151.21	3.23	86.99	33.51	3.62	4.46	209.24	122.5	31.25	13.48	32.54	0.64	1.14%	1.61	2.86%
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	690	+3.02	+0.44%	0.02	0.13	250.04	106.28	24.95	2.04	1.91	10.68	59.15	245.12	3.1	98.24	32.99	2.08	4.02	394.76	69.35	36.57	14.68	48.17	0.27	1.55%	0.73	4.15%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,731.25	-8.57	-0.23%	0.02	0.158	716.9	86.26	38.57	1.25	16.8	17.69	67.96	519.73	3.19	83.41	41.42	11.57	4.938	2,002.68	110.843	27.56	28.14	40.51	1.53	1.98%	3.04	4.19%
MED	599.05	-2	-0.27%	0.02	0.17	197.44	85.51	30.59	1.25	5.05	10.13	67.77	215.02	3.1	84.12	33.25	6.06	3.975	131.23	66.71	31.25	15.165	43.67	1.39	1.83%	2.8	4.32%
MAX	14,210	3.02	0.53%	0.04	0.24	6,524.1	114.99	105.37	2.04	144.49	120.36	98.24	4,203.32	5.9	119.43	92.28	39.07	15.9	22,150	299.94	40.71	120.42	57.72	3.88	3.28%	8.12	6.42%
MIN	430	-90.09	-1.26%	0.01	0.04	100.17	36.47	20.81	0.46	0.02	2.72	47.81	89.57	2.16	30.1	25.56	0.02	3.18	41.86	45.49	2.1	9.01	17.04	0.27	0.74%	0.73	1.67%