नेशनल इन्स्योरेन्स कम्पनी: चौथो त्रैमासिक वित्तीय विवरण (आ.व. २०८२/८३)National Insurance Company: Q4 Financial Results FY 2082/83

Quarterly Financial Results for the Fourth Quarter, F.Y. 2082/83 BS (Unaudited) ended Ashadh 32, 2083 (16 July, 2026)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Fig in NPR.

Particulars At the end of this Quarter (Ashadh 32, 2083) At the end of Immediate Previous Year (Ashadh 32, 2082)

Assets:
Goodwill & Intangible Assets	11,534	14,418
Property and Equipment	21,007,342	28,504,865

Investment Properties 0 0

Deferred Tax Assets 184,818,385 128,643,009

Investment in Subsidiaries 0 0

Investment in Associates 0 0

Investments	2,917,220,466	2,805,406,265
Loans	3,402,328	4,642,438
Reinsurance Assets	1,143,564,355	1,274,027,052
Current Tax Assets	431,339,703	405,139,875
Insurance Receivables	152,746,081	122,290,232
Other Assets	42,557,766	8,461,255
Other Financial Assets	70,985,874	70,671,613
Cash and Cash Equivalent	421,782,295	388,605,795
Total Assets	5,389,436,129	5,236,406,817
Equity:
Share Capital	1,692,743,422	1,587,125,905

Share Application Money Pending Allotment 0 0

Share Premium 0 0

Special Reserves	1,455,823,074	1,455,823,074
Catastrophe Reserves	31,872,326	31,872,326
Retained Earnings	(1,296,197,088)	(1,108,945,835)
Other Equity	597,776,126	541,600,750
Total Equity	2,482,017,860	2,507,476,220
Liabilities:
Provisions	11,073,356	95,171,700
Gross Insurance Contract Liabilities	2,622,743,557	2,387,392,005

Deferred Tax Liabilities 0 0

Insurance Payable 84,629,787 40,440,278

Current Tax Liabilities 0 0

Borrowings 0 0

Other Liabilities	111,329,198	118,280,065
Other Financial Liabilities	77,642,371	87,646,549
Total Liabilities	2,907,418,269	2,728,930,597
Total Equity and Liabilities	5,389,436,129	5,236,406,817

CONDENSED STATEMENT OF PROFIT OR LOSS

Fig in NPR.

Particulars This Quarter (Quarter ended Ashadh 32, 2083) Upto this Quarter (YTD) (FY 2082/83) This Quarter (Quarter ended Ashadh 32, 2082) Upto this (FY 2081/82)

Income:
Gross Earned Premiums	381,504,675	1,061,867,492	1,106,673,504	1,395,688,617
Premiums Ceded	(157,218,343)	(491,966,694)	(736,910,775)	(745,225,492)
Net Earned Premiums	224,286,332	569,900,798	369,762,729	650,463,125
Commission Income	3,586,644	74,139,064	(52,408,112)	109,265,540
Other Direct Income	0	0	0	0
Income from Investments and Loans	15,654,500	91,444,876	73,016,582	127,729,787
Net Gain/(Loss) on Fair Value Changes	0	0	0	0
Net Realised Gains/(Losses)	0	0	0	0
Other Income	29,022	181,542	(69,141)	77,661
Total Income	243,556,499	735,666,280	390,302,058	887,536,113
Expenses:
Gross Claims Paid	207,416,242	710,885,023	331,882,690	629,863,595
Claims Ceded	(71,938,244)	(172,694,246)	(25,882,385)	(161,818,491)
Gross Change in Contract Liabilities	(4,156,176)	6,492,140	16,455,088	1,126,367,764
Change in Contract Liabities Ceded to Reinsurers	(13,457,900)	147,874,915	(133,960,973)	(648,129,897)
Net Claims Incurred	117,863,922	692,557,832	188,494,420	946,282,971
Commission Expenses	2,013,685	41,623,717	(4,405,261)	11,411,161
Service Fees	1,636,222	5,860,111	2,487,456	5,857,840
Other Direct expenses	0	0	0	0
Employee Benefits Expenses	34,932,871	97,800,459	29,284,819	139,271,288
Depreciation and Amortization Expenses	2,223,404	8,629,178	8,084,604	8,472,734
Impairment Losses	40,388,986	40,388,986	0	19,900,384
Other Operating Expenses	9,757,317	31,800,767	17,057,195	29,296,063
Finance Cost	1,064,121	4,256,483	941,207	4,256,483
Total Expenses	209,880,528	922,917,533	241,944,440	1,164,748,924
Net Profit/(Loss) For The Period Before Share of Net Profits of Associates Accounted for Using Equity Method and Tax	33,675,971	(187,251,253)	148,357,618	(277,212,811)
Share of Net Profit of Associates accounted Using Equity Method	-	-	-	-
Profit Before Tax	33,675,971	(187,251,253)	148,357,618	(277,212,811)
Income Tax Expenses	(11,748,133)	(56,175,376)	179,133,775	(126,472,693)
Net Profit/(Loss) For The Period	45,424,104	(131,075,877)	(30,776,157)	(150,740,118)
Earning Per Share
Basic EPS	0	0	0	0
Diluted EPS	0	0	0	0

OTHER DETAILS

Particulars Current Year (FY 2082/83) Upto this Quarter (YTD) (FY 2082/83) Corresponding Previous Year (FY 2081/82) Upto this Quarter (YTD) (FY 2081/82)
1. Total Issued Policy Count (Only for Non Life and Non Micro Life)	20,821	22,220
2. Total Renewed Policy Count (Only for Non Life and Non Micro Life)	6,121	6,051
3. Total Claims Paid Count	1,831	2,133
4. Outstanding Claims Count	1,750	1,574
5. Gross Outstanding Claim including IBNR and IBNER (Amounts)	1,821,533,055	1,821,149,587
6. Net Outstanding Claim including IBNR and IBNER (Amounts)	955,294,915	807,036,532
7. Margin over Best Estimate(MOBE)	71,192,134	65,083,462
8. Unearned Premium Reserve (Amount)	390,673,996	179,226,802
9. Unexpired Risk Reserve (Amount)	441,149,592	229,702,398
10. Earthquake Premium Reserve (Amount)	11,542,561	11,542,561
11. Long Term Investments (Amount)	995,406,265	875,406,265
12. Short Term Investments (Amount)	1,921,814,201	1,930,000,000
13. Direct Premium (Amount)	1,050,103,250	1,037,459,159
14. Investment in Cost (Amount)	2,648,142,100	2,536,327,899
15. Solvency Margin Ratio (RBC-S)	4.00	4.00

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME

Fig in NPR.

Particulars This Quarter (Quarter ended Ashadh 32, 2083) Upto this Quarter (YTD) (FY 2082/83) This Quarter (Quarter ended Ashadh 32, 2082) Upto this Quarter (YTD) (FY 2081/82)

Net Profit/(Loss) For The Period	45,424,104	(131,075,877)	(30,776,157)	(150,740,118)
Other Comprehensive Income	-	-	-	(562,806)
Total Comprehensive Income	45,424,104	(131,075,877)	(30,776,157)	(151,302,924)

Disclosure as per Section 84(3) of Insurance Act, 2079

1. Solvency Ratio related disclosure: Based on the latest audited financial statements (F.Y. 2081/82) Unapproved, the solvency ratio of the company is 4.00 times as per the Risk Based Capital and Solvency Directive, which is above the regulatory required limit.
2. Reinsurance related disclosure: - Reinsurance arrangement is adequate
3. Details regarding legal proceeding: Not Applicable
4. Corporate Governance: Yes it is complied
5. Regulatory limit on expenses ratio (Underwriting Expense including Commission/Net Written Premium): CY 6.08%, PY 3.33%
6. Any other disclosure as deemed relevant : Nothing specific to mention

Disclosure as required by other regulatory bodies and Nepal Financial Reporting Standards