United Ajod Insurance Limited

Non Life InsuranceLow Cap

NPR 440.90

NPR -0.1-0.02%

09:14 AM NPT · May 14, 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

441.00

High

447.90

Low

437.00

Prev Close

441.00

Volume

2,701

Turnover

Rs 1,184,251.5

Txns

Valuation · Q2 FY25/26

EPS Ann.

-9.23

EPS TTM

1.74

BVPS

171.70

P/E Ann.

-47.77

P/E TTM

253.39

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

Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

42.79

ADX

31.73

Overall Score

Below Line

Technical Score

Moving Averages

SMA 20

446.51

SMA 50

461.91

Bands & Channels

BB Width %

8.22%

Volume & Flow

OBV

4,239,868

Flow Analysis

[ Live 2026-05-14 ]

Total Buy

25,857

Shares Bought

Total Sell

25,857

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 67%

Distribution 33%

Accumulators

Quantity

13,763

Amount

6,112,900

Avg Rate

444.15

Rank

Brokers

#88#62#18

Distributors

Quantity

6,928

Amount

3,069,588

Avg Rate

443.07

Rank

#11

Brokers

#60#46#16#58

Net Flow Impact:

+6,835units

(Rs. 3,043,312)

Net Flow by Timeframe

UAIL — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 38,191 ]

Buy Side

Total: 21,181

Broker

QTY

AVG

NET

5,943

441.26

+3,322

23.0%

4,550

443.53

+3,551

17.6%

3,270

450.27

+3,270

12.7%

1,410

443.60

+1,410

5.5%

1,018

438.69

+959

3.9%

956

440.94

+725

3.7%

770

443.39

+455

3.0%

649

453.42

+649

2.5%

543

435.56

+403

2.1%

500

437.00

+500

1.9%

400

440.00

+380

1.6%

400

444.98

+189

1.6%

310

441.29

1.2%

262

448.49

+252

1.0%

200

444.45

+179

0.8%

Sell Side

Total: 17,010

Broker

QTY

AVG

NET

2,270

441.13

-2,270

8.8%

2,062

442.63

-1,038

8.0%

1,641

441.75

-459

6.3%

1,545

445.00

-1,464

6.0%

1,282

445.94

-892

5.0%

1,121

435.36

-1,004

4.3%

1,060

448.04

-801

4.1%

1,051

445.29

-1,051

4.1%

891

437.94

-861

3.5%

846

445.67

-796

3.3%

820

451.70

-760

3.2%

700

449.00

-680

2.7%

597

442.53

-597

2.3%

572

446.61

-487

2.2%

552

439.48

-437

2.1%

Financial Fundamentals

Financial Metric	FY25/26 Q2	FY24/25 Q2	FY23/24 Q2	FY22/23 Q2	Growth %
Assets
Goodwill & Intangible Assets	158,392,324	176,742,162	177,375,551	0	-10.38%
Property and Equipment	161,740,200	138,463,719	141,570,514	0	+16.81%
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	4,449,402,998	4,116,551,856	4,489,025,343	0	+8.09%
Loans	302,791	2,545,084	5,429,440	0	-88.10%
Reinsurance Assets	581,602,673	2,040,807,100	2,388,617,058	0	-71.50%
Current Tax Assets	154,951,338	203,258,239	128,570,360	0	-23.77%
Insurance Receivables	557,525,810	754,278,177	727,512,846	0	-26.08%
Other Financial Assets	306,843,093	257,291,948	286,412,722	0	+19.26%
Other Assets	321,833,964	108,399,157	178,528,457	0	+196.90%
Cash and Cash Equivalent	253,606,008	145,223,287	69,794,787	0	+74.63%
Total Assets	6,946,201,199	7,943,560,729	8,592,837,079	0	-12.56%
Equity
Share Capital	2,310,000,000	2,100,000,000	1,904,568,000	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	1,066,292,994	1,069,629,981	36,943,143	0	-0.31%
Retained Earnings	-5,987,722	163,751,047	219,236,282	0	-103.66%
Other Equity	596,050,430	459,317,763	1,548,201,689	0	+29.77%
Total Equity	3,966,355,702	3,792,698,791	3,708,949,113	0	+4.58%
Liabilities
Insurance & Contract Liabilities
Provisions	215,957,144	316,223,291	271,343,931	0	-31.71%
Gross Insurance Contract Liabilities	2,080,489,841	3,055,100,449	3,575,997,793	0	-31.90%
Insurance Payable	196,756,745	449,434,084	607,185,738	0	-56.22%
Other Financial Liabilities	319,301,936	102,453,516	130,906,515	0	+211.66%
Other Liabilities	151,624,768	226,118,973	283,803,274	0	-32.94%
Taxes & Funding
Deferred Tax Liabilities	15,715,064	1,531,625	14,650,717	0	+926.04%
Current Tax Liabilities	0.00	0.00	0.00	0	-
Borrowings	0.00	0.00	0.00	0	-
Total Liabilities	2,979,845,498	4,150,861,938	4,883,887,966	0	-28.21%
Total Equity and Liabilities	6,946,201,200	7,943,560,729	8,592,837,079	0	-12.56%

Sector Peers — Non Life Insurance (24)

Peer Comparison

Non 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)%
AIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HEI	536.5	+6.78	+1.28%	-	0.24	209.67	-	1.26	15.53	270.67	-	0%	-	1.14%	4.81	400	0	392.86	31.87	18.39	0.26%	3.41%	0.6%	7.49%
HGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IGI	421	-3.99	-0.94%	-	0.14	176.25	-	-11.96	1.34	72.9	-	0%	-	-19.8%	4.75	-35.03	0	-35.09	313.21	27.77	-2.74%	0.3%	-6.5%	0.73%
IGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LGIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NICL	485	-7.49	-1.52%	-	0.19	166.91	-	0.39	9.24	186.28	-	0%	-	0.69%	5.97	1,277.18	0	1,256.41	53.03	35.72	0.12%	3.2%	0.24%	6.03%
NIL	611.3	+1.28	+0.21%	-	0.17	229.19	-	0.8	15.07	278.77	-	0%	-	1.06%	5.39	772.5	0	753.75	40.01	32.92	0.18%	3.39%	0.36%	6.84%
NLG	573.9	-1.09	-0.19%	-	0.18	163.55	-	0.86	3.81	118.41	-	0%	-	1.41%	8.31	790.58	0	779.42	175.93	44.58	0.24%	1.1%	0.6%	2.65%
NMIC	1,000	-15.95	-1.57%	-	0.14	101.65	-	3.61	1.99	67.46	-	0%	-	21.06%	24.4	343.49	0.09	362.88	658.29	289.04	3.02%	1.67%	4.18%	2.31%
PIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PICL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
PRIN	654	+0.2	+0.03%	-	0.14	202.27	-	14.85	12.88	242.11	-	0%	-	25.88%	12.78	43.5	0	47.35	54.6	180.2	3.56%	3.12%	7.52%	6.54%
RBCL	14,900	-130.77	-0.87%	-	0.04	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	4.6	111.69	0	112.82	154.89	145.67	1.42%	1.04%	2.08%	1.51%
SALICO	583	-6.01	-1.02%	-	0.19	227.43	-	2.85	14.29	270.42	-	0%	-	2.33%	5.28	210.53	0	208.42	41.57	19.7	0.44%	2.23%	1.2%	6.04%
SGI	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SGIC	459	-3	-0.65%	-	0.1	145.61	-	-8.92	6.18	142.29	-	0%	-	-18.98%	6.62	-54.02	0	-52.35	75.57	41.01	-1.98%	1.37%	-6.2%	4.29%
SIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SICL	612	-4	-0.65%	-	0	196.64	-	-3.06	5.15	150.95	-	0%	-	-3,634.59%	6.36	-204.41	0	-201.96	120	31,275	-0.58%	1%	-1.56%	2.64%
SIL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SPIL	710.1	-3.93	-0.55%	-	0	241.32	-	-12.72	11.03	244.72	-	0%	-	-15,930.16%	5.94	-56.35	0	-54	62.28	35,840	-1.8%	1.56%	-4.8%	4.17%
UIC	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,795.48	-14	-0.54%	-	0.128	710.15	-	10.08	16.11	483.09	-	0%	-	-1,626.45%	7.934	299.972	0.008	297.543	148.437	5,662.5	0.18%	1.95%	-0.19%	4.27%
MED	597.15	-3.96	-0.65%	-	0.14	199.45	-	0.83	10.14	214.2	-	0%	-	1.1%	5.955	161.11	0	160.62	68.925	42.795	0.21%	1.62%	0.48%	4.23%
MAX	14,900	6.78	1.28%	-	0.24	6,461.26	-	132.96	96.84	3,752.12	-	0%	-	32.6%	24.4	1,277.18	0.09	1,256.41	658.29	35,840	3.56%	3.41%	7.52%	7.49%
MIN	421	-130.77	-1.57%	-	0	101.65	-	-12.72	1.34	67.46	-	0%	-	-15,930.16%	4.6	-204.41	0	-201.96	31.87	18.39	-2.74%	0.3%	-6.5%	0.73%