नेपाल पुनर्बीमा कम्पनीको आश्विन २०८२ को त्रैमासिक वित्तीय विवरणNepal Reinsurance Company's Quarterly Financials for Ashwin 2082
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on June 14, 2026
Quarterly Financial Results for quarter ended on 31 Ashwin 2082, F.Y. 2082/83 B.S.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Fig in NPR.
Particulars At the end of this Quarter (Unaudited) At the end of Immediate Previous Year (Unaudited)
Assets:
| Goodwill & Intangible Assets | 749,248 | 551,498 |
| Property and Equipment | 586,335,974 | 590,421,230 |
Investment Properties - -
Deferred Tax Assets 175,312,261 169,983,051
Investment in Subsidiaries - -
Investment in Associates - -
| Investments | 19,637,193,958 | 21,491,098,565 |
| Loans | 132,768,655 | 103,307,762 |
| Reinsurance Assets | 6,615,625,697 | 2,996,507,762 |
| Current Tax Assets (Net) | 1,214,430,240 | 1,089,789,575 |
| Insurance Receivables | 7,146,023,913 | 7,452,633,962 |
| Other Assets | 2,584,874,032 | 95,304,869 |
| Other Financial Assets | 375,509,257 | 437,856,034 |
| Cash and Cash Equivalents | 1,501,530,767 | 1,047,079,201 |
| Total Assets | ३९,९७०,३५४,००२ | ३५,४७४,५३३,५०९ |
Equity:
Share Capital 13,422,187,078 13,422,187,078
Share Application Money Pending Allotment - -
Share Premium - -
| Special Reserve | 4,921,649,024 | 4,921,649,024 |
| Catastrophe Reserves | 427,611,631 | 427,611,631 |
| Retained Earnings | (6,927,844,496) | 933,738,217 |
| Other Equity | 809,866,772 | 822,301,595 |
| Total Equity | १२,६५३,४७०,००८ | २०,५२७,४८७,५४५ |
Liabilities:
| Provisions | 1,437,567,443 | 1,455,401,700 |
| Gross Insurance Contract Liabilities | 22,733,951,037 | 10,439,124,964 |
Deferred Tax Liabilities - -
Insurance Payable 2,468,986,591 2,366,612,111
Current Tax Liabilities (Net) - -
Borrowings - -
Other Liabilities 673,181,631 681,934,317
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Fig in NPR.
Particulars Current Year This Quarter Current Year Up to this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Up to this Quarter (YTD)
| Net Profit/(Loss) For The Year | (7,861,582,714) | (7,861,582,714) | 63,296,773 | 63,296,773 |
| Other Comprehensive Income | (12,434,824) | (12,434,824) | 9,375,295 | 9,375,295 |
| Total Comprehensive Income | (7,874,017,538) | (7,874,017,538) | 72,672,068 | 72,672,068 |
OTHER DETAILS
Particulars Current Year Up to this Quarter (YTD) Previous Year Up to this Quarter (YTD)
| 5. Total Gross Outstanding Claim including IBNR and IBNER (Amount) | 15,889,479,778 | 3,060,673,916 |
| 6. Net Outstanding Claim including IBNR and IBNER (Amount) | 9,887,149,192 | 1,494,616,571 |
- Unearned Premium Reserve (Amount) 6,844,471,259 7,027,786,637
- Long Term Investments (Amount) 4,702,782,031 3,531,934,123
- Short Term Investments (Amount) 14,934,411,927 17,371,278,480
- Direct Premium (Amount) 2,806,307,607 2,558,884,264
- Investment in Cost (Amount) 19,383,806,131 20,779,587,730
Note:
Above Interim financial statement has complied with the requirements of Nepal Accounting Standard - 34 "Interim Financial Reporting" wherever applicable including directives issued by Nepal Insurance Authority. Detailed interim report has been published in our website (www.nepalre.com.np).
Above financial statements include provisional figures based on latest data and information received by the company as Statement of Accounts(SOA) are still pending.
Disclosure as per Section 84(3) of Insurance Act, 2079
1. Solvency Ratio related disclosure:
As per latest audited financial statements of the company, the solvency ratio as on Ashad end, 2080 is 3.65, which is higher than the regulatory requirement i.e. 1.5 times.
2. Reinsurance related disclosure:
The company has arranged for adequate and appropriate retrocession program based on the directives issued by the Nepal Insurance Authority and strategy of the company.
3. Details regarding legal proceeding:
There are a few numbers of legal proceedings from the company against tax assessment of previous fiscal years from the Large Taxpayer's Office.
4. Corporate Governance:
The company is conducting its activities in accordance with the provision of Insurance Act, Insurance Regulation, Directives and Circulars issued by Nepal Insurance Authority, the internal control mechanism of the company and following the suggestions received from the internal and external auditor of the company and Nepal Insurance Authority.
5. Any other disclosure as deemed relevant
None
Disclosure as per Securities Registration and Issuance Regulation 2073
Related to sub-Regulation (1) of Regulation (26)
1. Financial Statements Quarter - I (FY 2082/83)
A. Quarterly Statement of Financial position and Statement of Profit or Loss
| Other Financial Liabilities | 3,197,292 | 3,972,872 |
| Total Liabilities | 27,316,883,994 | 14,947,045,964 |
| Total Equity and Liabilities | 39,970,354,002 | 35,474,533,509 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Fig in NPR.
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
Income:
| Gross Earned Premiums | 1,813,772,485 | 1,813,772,485 | 1,916,114,835 | 1,916,114,835 |
| Premiums Ceded | (161,272,007) | (161,272,007) | (141,534,040) | (141,534,040) |
| Net Earned Premiums | 1,652,500,479 | 1,652,500,479 | 1,774,580,795 | 1,774,580,795 |
| Commission Income - - | 266,502,571 | 266,502,571 | ||
| Other Direct Income | 40,610,449 | 40,610,449 | 266,502,571 | 266,502,571 |
| Income from Investments and Loans | 196,596,508 | 196,596,508 | 366,553,219 | 366,553,219 |
Net Gain/(Loss) on Fair Value Changes - - - -
Net Realised Gains/(Losses) - - - -
| Other Income | (489,094) | (489,094) | (488,975) | (488,975) |
| Total Income | 1,889,218,342 | 1,889,218,342 | 2,407,147,610 | 2,407,147,610 |
Expenses:
Gross Claims Paid 1,222,252,086 1,222,252,086 919,443,979 919,443,979
Claims Ceded - - - -
| Gross Change in Contract Liabilities | 11,302,290,952 | 11,302,290,952 | 417,608,190 | 417,608,190 |
| Change in Contract Liabilities Ceded to Reinsurers | (3,521,431,760) | (3,521,431,760) | 24,205,838 | 24,205,838 |
| Net Claims Incurred | 9,003,111,278 | 9,003,111,278 | 1,361,258,007 | 1,361,258,007 |
| Commission Expenses | 689,389,571 | 689,389,571 | 632,582,170 | 632,582,170 |
| Service Fees | 19,105,121 | 19,105,121 | 19,191,632 | 19,191,632 |
| Other Direct expenses | 177,725 | 177,725 | 253,955,270 | 253,955,270 |
| Employee Benefits Expenses | 26,019,605 | 26,019,605 | 37,696,410 | 37,696,410 |
| Depreciation and Amortization Expenses | 4,164,357 | 4,164,357 | 3,946,425 | 3,946,425 |
Impairment Losses - - - -
| Other Operating Expenses | 8,561,089 | 8,561,089 | 7,712,465 | 7,712,465 |
| Finance Cost | 272,311 | 272,311 | 522,697 | 522,697 |
| Total Expenses | 9,750,801,056 | 9,750,801,056 | 2,316,865,076 | 2,316,865,076 |
| Net Profit/(Loss) For The Year Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax | (7,861,582,714) | (7,861,582,714) | 90,282,535 | 90,282,535 |
Share of Net Profit of Associates accounted using Equity Method - - - -
| Profit Before Tax | (7,861,582,714) | (7,861,582,714) | 90,282,535 | 90,282,535 |
| Income Tax Expenses - - | 26,985,763 | 26,985,763 | ||
| Net Profit/(Loss) For The Year | (7,861,582,714) | (7,861,582,714) | 63,296,772 | 63,296,772 |
Earning Per Share
| Basic EPS | (58.57) | (58.57) | 5.36 | 5.36 |
| Diluted EPS | (58.57) | (58.57) | 5.36 | 5.36 |
A. Quarterly Statement of Profit or Loss
The quarterly financial statements for first quarter have been published along with this report. The financial statement has been prepared in compliance with Nepal Accounting Standard - 34 "Interim Financial Reporting" and Nepal Financial Reporting Standards (NFRS) issued by the Nepal Accounting Standards Board (ASB) and directives and circulars issued by Nepal Insurance Authority and required disclosures as per Securities Board of Nepal. The previous period figures have been regrouped and adjusted wherever required.
B. Major Financial Ratios
| Earnings Per Share | (58.57) | 94.27 |
| P/E Ratio | (21.34) | 297.79 |
2. Management Analysis
Company has been able to position itself as preferred reinsurer within the country and has been able to demonstrate itself as trustworthy reinsurer among international brokers and reinsurers. In the current quarter investment return of the company is affected due to decrease in the interest rate offered by the bank and financial institutions As an investment diversification objective company has plan to increase its investment in alternatives as per Nepal Insurance Authority directive. The decrease in economic activity within the country and economic stress scenario worldwide has affected the growth of the insurance industry.
3. Details regarding legal proceedings
There are a few numbers of legal proceedings from the company against tax assessment of previous fiscal years from the Large Taxpayer's Office.
4. Analysis of company's share transactions
Since shares of the company are traded based on the trust of investors towards the Company and analysis of its returns and there has been satisfactory trading of shares in the capital market.
The following figures depict the transactions of the company's share in capital market during the quarter:
Maximum share price: NPR 1842 Total number of transactions 78,040
Minimum share price: NPR 1161.5 Total number of shares traded: 13,344,051
Closing share price: NPR 1250 Total number of transaction days: 51 days
*Source: As published in the website of Nepal Stock Exchange (www.nepalstock.com.np)
5. Problems and Challenges
a. Slowdown in industrial and economic activities within the country.
b. Regular decrease in interest rate offered by the bank and financial institutions
c. Exposure to catastrophe (CAT) risks and unpredictable claims.
d. Shortage of technical and skilled manpower in reinsurance sector.
e. Delay in receiving Statement of Accounts (SOAs) from cedent companies.
6. Strategies initiated by Management to solve the problems and challenges:
a. Diversifying investments into alternative instruments as per Nepal Insurance Authority directive.
b. Establish and cause to arrange insurance pools for management of reinsurance and claim payment of various risk exposure.
c. Arranging adequate retrocession program to cover CAT and large risks.
d. Conducting continuous training and development for human resources.
e. Providing appropriate reinsurance coverage to national insurance companies to carter their reinsurance needs.
f. Enhancing market relations with cedent companies and brokers.
g. Accelerating collection of pending SOAs from cedent companies.
7. Corporate Governance
The company is conducting its activities in accordance with the provision of Insurance Act, Insurance Regulation, Directives and Circulars issued by Nepal Insurance Authority, the internal control mechanism of the company and following the suggestions received from the internal and external auditor of the company and Nepal Insurance Authority.
8. Declaration by Chief Executive Officer on truthfulness of information
I, hereby, declare that all the information provided in this document is true, complete and factual and that I take personal responsibility for any deviations thereof. I also declare that the Company's information or data, that assist investors in making informed investment decisions, have not been misstated in any way.
Quarterly Financial Results for quarter ended on 31 Ashwin 2082, F.Y. 2082/83 B.S.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Figures in NPR.
Particulars At the end of this Quarter (Unaudited) At the end of Immediate Previous Year (Unaudited)
Assets:
| Goodwill & Intangible Assets | 749,248 | 551,498 |
| Property and Equipment | 586,335,974 | 590,421,230 |
Investment Properties - -
Deferred Tax Assets 175,312,261 169,983,051
Investment in Subsidiaries - -
Investment in Associates - -
| Investments | 19,637,193,958 | 21,491,098,565 |
| Loans | 132,768,655 | 103,307,762 |
| Reinsurance Assets | 6,615,625,697 | 2,996,507,762 |
| Current Tax Assets (Net) | 1,214,430,240 | 1,089,789,575 |
| Insurance Receivables | 7,146,023,913 | 7,452,633,962 |
| Other Assets | 2,584,874,032 | 95,304,869 |
| Other Financial Assets | 375,509,257 | 437,856,034 |
| Cash and Cash Equivalents | 1,501,530,767 | 1,047,079,201 |
| Total Assets | 39,970,354,002 | 35,474,533,509 |
Equity:
Share Capital 13,422,187,078 13,422,187,078
Share Application Money Pending Allotment - -
Share Premium - -
| Special Reserve | 4,921,649,024 | 4,921,649,024 |
| Catastrophe Reserves | 427,611,631 | 427,611,631 |
| Retained Earnings | (6,927,844,496) | 933,738,217 |
| Other Equity | 809,866,772 | 822,301,595 |
| Total Equity | 12,653,470,008 | 20,527,487,545 |
Liabilities:
| Provisions | 1,437,567,443 | 1,455,401,700 |
| Gross Insurance Contract Liabilities | 22,733,951,037 | 10,439,124,964 |
Deferred Tax Liabilities - -
Insurance Payable 2,468,986,591 2,366,612,111
Current Tax Liabilities (Net) - -
Borrowings - -
Other Liabilities 673,181,631 681,934,317
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
Fig in NPR.
Particulars Current Year This Quarter Current Year Up to this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Up to this Quarter (YTD)
| Net Profit/(Loss) For The Year | (7,861,582,714) | (7,861,582,714) | 63,296,773 | 63,296,773 |
| Other Comprehensive Income | (12,434,824) | (12,434,824) | 9,375,295 | 9,375,295 |
| Total Comprehensive Income | (7,874,017,538) | (7,874,017,538) | 72,672,068 | 72,672,068 |
OTHER DETAILS
Particulars Current Year Up to this Quarter (YTD) Previous Year Up to this Quarter (YTD)
| 5. Total Gross Outstanding Claim including IBNR and IBNER (Amount) | 15,889,479,778 | 3,060,673,916 |
| 6. Net Outstanding Claim including IBNR and IBNER (Amount) | 9,887,149,192 | 1,494,616,571 |
- Unearned Premium Reserve (Amount) 6,844,471,259 7,027,786,637
- Long Term Investments (Amount) 4,702,782,031 3,531,934,123
- Short Term Investments (Amount) 14,934,411,927 17,371,278,480
- Direct Premium (Amount) 2,806,307,607 2,558,884,264
- Investment in Cost (Amount) 19,383,806,131 20,779,587,730
Note:
Above Interim financial statement has complied with the requirements of Nepal Accounting Standard - 34 "Interim Financial Reporting" wherever applicable including directives issued by Nepal Insurance Authority. Detailed interim report has been published in our website (www.nepalre.com.np).
Above financial statements include provisional figures based on latest data and information received by the company as Statement of Accounts(SOA) are still pending.
Disclosure as per Section 84(3) of Insurance Act, 2079
1. Solvency Ratio related disclosure:
As per latest audited financial statements of the company, the solvency ratio as on Ashad end, 2080 is 3.65, which is higher than the regulatory requirement i.e. 1.5 times.
2. Reinsurance related disclosure:
The company has arranged for adequate and appropriate retrocession program based on the directives issued by the Nepal Insurance Authority and strategy of the company.
3. Details regarding legal proceeding:
There are a few numbers of legal proceedings from the company against tax assessment of previous fiscal years from the Large Taxpayer's Office.
4. Corporate Governance:
The company is conducting its activities in accordance with the provision of Insurance Act, Insurance Regulation, Directives and Circulars issued by Nepal Insurance Authority, the internal control mechanism of the company and following the suggestions received from the internal and external auditor of the company and Nepal Insurance Authority.
5. Any other disclosure as deemed relevant
None
Disclosure as per Securities Registration and Issuance Regulation 2073
Related to sub-Regulation (1) of Regulation (26)
1. Financial Statements Quarter - I (FY 2082/83)
A. Quarterly Statement of Financial position and Statement of Profit or Loss
| Other Financial Liabilities | 3,197,292 | 3,972,872 |
| Total Liabilities | 27,316,883,994 | 14,947,045,964 |
| Total Equity and Liabilities | 39,970,354,002 | 35,474,533,509 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Fig in NPR.
Particulars Current Year This Quarter Current Year Upto this Quarter (YTD) Corresponding Previous Year This Quarter Corresponding Previous Year Upto this Quarter (YTD)
Income:
| Gross Earned Premiums | 1,813,772,485 | 1,813,772,485 | 1,916,114,835 | 1,916,114,835 |
| Premiums Ceded | (161,272,007) | (161,272,007) | (141,534,040) | (141,534,040) |
| Net Earned Premiums | 1,652,500,479 | 1,652,500,479 | 1,774,580,795 | 1,774,580,795 |
| Commission Income - - | 266,502,571 | 266,502,571 | ||
| Other Direct Income | 40,610,449 | 40,610,449 | 266,502,571 | 266,502,571 |
| Income from Investments and Loans | 196,596,508 | 196,596,508 | 366,553,219 | 366,553,219 |
Net Gain/(Loss) on Fair Value Changes - - - -
Net Realised Gains/(Losses) - - - -
| Other Income | (489,094) | (489,094) | (488,975) | (488,975) |
| Total Income | 1,889,218,342 | 1,889,218,342 | 2,407,147,610 | 2,407,147,610 |
Expenses:
Gross Claims Paid 1,222,252,086 1,222,252,086 919,443,979 919,443,979
Claims Ceded - - - -
| Gross Change in Contract Liabilities | 11,302,290,952 | 11,302,290,952 | 417,608,190 | 417,608,190 |
| Change in Contract Liabilities Ceded to Reinsurers | (3,521,431,760) | (3,521,431,760) | 24,205,838 | 24,205,838 |
| Net Claims Incurred | 9,003,111,278 | 9,003,111,278 | 1,361,258,007 | 1,361,258,007 |
| Commission Expenses | 689,389,571 | 689,389,571 | 632,582,170 | 632,582,170 |
| Service Fees | 19,105,121 | 19,105,121 | 19,191,632 | 19,191,632 |
| Other Direct expenses | 177,725 | 177,725 | 253,955,270 | 253,955,270 |
| Employee Benefits Expenses | 26,019,605 | 26,019,605 | 37,696,410 | 37,696,410 |
| Depreciation and Amortization Expenses | 4,164,357 | 4,164,357 | 3,946,425 | 3,946,425 |
Impairment Losses - - - -
| Other Operating Expenses | 8,561,089 | 8,561,089 | 7,712,465 | 7,712,465 |
| Finance Cost | 272,311 | 272,311 | 522,697 | 522,697 |
| Total Expenses | 9,750,801,056 | 9,750,801,056 | 2,316,865,076 | 2,316,865,076 |
| Net Profit/(Loss) For The Year Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax | (7,861,582,714) | (7,861,582,714) | 90,282,535 | 90,282,535 |
Share of Net Profit of Associates accounted using Equity Method - - - -
| Profit Before Tax | (7,861,582,714) | (7,861,582,714) | 90,282,535 | 90,282,535 |
| Income Tax Expenses - - | 26,985,763 | 26,985,763 | ||
| Net Profit/(Loss) For The Year | (7,861,582,714) | (7,861,582,714) | 63,296,772 | 63,296,772 |
Earning Per Share
| Basic EPS | (58.57) | (58.57) | 5.36 | 5.36 |
| Diluted EPS | (58.57) | (58.57) | 5.36 | 5.36 |
A. Quarterly Statement of Profit or Loss
The quarterly financial statements for first quarter have been published along with this report. The financial statement has been prepared in compliance with Nepal Accounting Standard - 34 "Interim Financial Reporting" and Nepal Financial Reporting Standards (NFRS) issued by the Nepal Accounting Standards Board (ASB) and directives and circulars issued by Nepal Insurance Authority and required disclosures as per Securities Board of Nepal. The previous period figures have been regrouped and adjusted wherever required.
B. Major Financial Ratios
| Earnings Per Share | (58.57) | 94.27 |
| P/E Ratio | (21.34) | 297.79 |
2. Management Analysis
Company has been able to position itself as preferred reinsurer within the country and has been able to demonstrate itself as trustworthy reinsurer among international brokers and reinsurers. In the current quarter investment return of the company is affected due to decrease in the interest rate offered by the bank and financial institutions As an investment diversification objective company has plan to increase its investment in alternatives as per Nepal Insurance Authority directive. The decrease in economic activity within the country and economic stress scenario worldwide has affected the growth of the insurance industry.
3. Details regarding legal proceedings
There are a few numbers of legal proceedings from the company against tax assessment of previous fiscal years from the Large Taxpayer's Office.
4. Analysis of company's share transactions
Since shares of the company are traded based on the trust of investors towards the Company and analysis of its returns and there has been satisfactory trading of shares in the capital market.
The following figures depict the transactions of the company's share in capital market during the quarter:
Maximum share price: NPR 1842 Total number of transactions 78,040
Minimum share price: NPR 1161.5 Total number of shares traded: 13,344,051
Closing share price: NPR 1250 Total number of transaction days: 51 days
*Source: As published in the website of Nepal Stock Exchange (www.nepalstock.com.np)
5. Problems and Challenges
a. Slowdown in industrial and economic activities within the country.
b. Regular decrease in interest rate offered by the bank and financial institutions
c. Exposure to catastrophe (CAT) risks and unpredictable claims.
d. Shortage of technical and skilled manpower in reinsurance sector.
e. Delay in receiving Statement of Accounts (SOAs) from cedent companies.
6. Strategies initiated by Management to solve the problems and challenges:
a. Diversifying investments into alternative instruments as per Nepal Insurance Authority directive.
b. Establish and cause to arrange insurance pools for management of reinsurance and claim payment of various risk exposure.
c. Arranging adequate retrocession program to cover CAT and large risks.
d. Conducting continuous training and development for human resources.
e. Providing appropriate reinsurance coverage to national insurance companies to carter their reinsurance needs.
f. Enhancing market relations with cedent companies and brokers.
g. Accelerating collection of pending SOAs from cedent companies.
7. Corporate Governance
The company is conducting its activities in accordance with the provision of Insurance Act, Insurance Regulation, Directives and Circulars issued by Nepal Insurance Authority, the internal control mechanism of the company and following the suggestions received from the internal and external auditor of the company and Nepal Insurance Authority.
8. Declaration by Chief Executive Officer on truthfulness of information
I, hereby, declare that all the information provided in this document is true, complete and factual and that I take personal responsibility for any deviations thereof. I also declare that the Company's information or data, that assist investors in making informed investment decisions, have not been misstated in any way.