Nepal, May 14 -- Profits of non-life insurance companies fell sharply by 47.23 percent in the third quarter of the current fiscal year (FY 2025/26), as mounting liabilities from natural disasters and damages caused during the September 8-9 unrest weighed heavily on the sector. According to the Nepal Insurance Authority (NIA), non-life insurers earned Rs 1.27 billion in profits over the nine-month period, compared to Rs 2.41 billion during the same period last fiscal year.

Analysts noted that the steep decline was driven by excessive financial liabilities stemming from the Gen Z-led protests and violence seven months ago, coupled with recurring natural disasters. A total of 3,303 claims were filed across 14 non-life insurers, amounting t...