Nepal Reinsurance Company (NRIC) has proposed a 20% dividend for the fiscal year 2076/77. This is the company’s first dividend after listed in NEPSE online system. The meeting of the board of directors was held on Ashad 07 and this meeting has decided to distribute a 16.5% bonus shares and 3.5% cash dividend for the fiscal year 2076/77. This dividend is distributed from the distributable profits and the share premium.
Nepal Reinsurance Company (NRIC) has posted a net profit of Rs 536.94 million and published its 2nd quarter company analysis of the fiscal year 2077/78. The paid-up capital of the company is Rs. 10 Arba. As of writing, the company has an LTP of Rs. 1,753.
About the Company :
Nepal Re-Insurance Company Limited (Nepal Re.), the successor of insurance Pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal i accordance to the decision of Council of Ministers (Nepal) dated 7th August, 2014 to convert the Insurance Pool, Nepal into Reinsurance Company. Nepal Re was formally inaugurated on 22nd December 2014 by the Hon’ble Finance Minister Dr.Ram Sharan Mahat. It is established in the PPP Model with equity participation of GovernmeNepal Re-Insurance Company Limited (Nepal Re), the successor of Insurance pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies
- To become one of the esteemed re-insurer in the region.
- To be customer-focused and committed to growth profitability and satisfactory returns to our stakeholders.