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Neco Insurance Ltd. (Nepal)

Main Activities: Other Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Neco Insurance Ltd. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company offers a wide range of General Insurance (Non-life) products to cater the needs of its clients ranging from the traditional to the latest high tech type of Insurance like Aviation and Engineering. It was incorporated as a Public Limited Company on 16th December 1994.
The Company started its General Insurance business on 30th May 1996 when the Company was provided the License by Beema Samiti (Insurance Board) to transact all types of Non-Life (General) Insurance in Nepal. It was quoted on Nepal Stock Exchange.

Headquarters
Hattisar, Lal Durbar, P.O.Box No.: 12271
Kathmandu; Bagmati;

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Website: http://www.neco.com.np

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1994
Key Executives
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Chairman
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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49%
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40.08%
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10.92%
Company Performance
Financial values in the chart are available after Neco Insurance Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NPR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
6.12%
Operating profit (EBIT)
-27.56%
Net Profit (Loss) for the Period
28.81%
Total assets
-0.53%
Investments
11.87%
Receivables
-26.75%
Total equity
21.05%
Net Premiums Earned Trend
-9.83%
Net Profit Trend
20.85%
Return on Equity (ROE)
0.97%
Loss Ratio
9.22%
Underwriting Expenses Ratio
-10.35%

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