Kathmandu: Protective Micro Insurance Company has reported a strong improvement in earnings in the first half of Nepal’s current fiscal year 2025/26 (Nepali FY 2082/83), according to its second-quarter financial results. The company’s net profit rose significantly, reflecting higher business volumes and premium income.
In the six months through mid-January, the insurer recorded a net profit of Rs 6.23 million, up sharply from just Rs 0.73 million in the same period last year. The jump in profit comes alongside a notable rise in overall revenue. Total income for the half-year reached Rs 81.6 million, compared with Rs 51.3 million a year earlier.
Expenses also increased as the company expanded its operations. Total expenses stood at Rs 72.7 million during the review period, up from Rs 50.3 million in the corresponding period of the previous fiscal year. Even with higher costs, the growth in income outpaced spending, allowing profitability to improve.
The company’s insurance fund, a key indicator of financial strength for insurers, grew to Rs 290.6 million by mid-year, compared with Rs 205.5 million at the same point last year. This suggests a broader base of policyholders and higher retained resources to cover future claims.
Premium collection showed especially strong momentum. Gross written premiums reached Rs 111.5 million in the first six months, more than doubling from Rs 48.4 million in the same period last year. The surge indicates rising demand for micro-insurance products, which typically target low-income and underserved populations.
Reflecting the improved performance, earnings per share climbed from Rs 0.56 a year ago to Rs 2.37. Overall, the results point to a fast-growing micro-insurance provider scaling up its business while turning stronger profits, even as operating costs rise in line with expansion.
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