Kathmandu - NLG Insurance Company Limited has successfully concluded its 20th Annual General Meeting (AGM) today, endorsing key financial, governance, and capital-related proposals for the fiscal year 2081/82, reaffirming the company’s steady growth and strong market presence in Nepal’s general insurance sector.
During the AGM, shareholders approved the financial statements for FY 2081/82, reflecting the company’s sustained operational performance backed by more than three decades of industry experience. The meeting also endorsed the appointment of an external auditor for the upcoming fiscal year, strengthening financial transparency and regulatory compliance.
As part of shareholder returns, the AGM approved a 3.3684 percent cash dividend along with the issuance of 4 percent bonus shares. The proposal also included the adjustment of fractional shares, ensuring fair and systematic distribution among shareholders. Additionally, the meeting sanctioned an increment in the company’s issued capital, primarily through the approved bonus shares, aimed at reinforcing the company’s capital base.
The AGM further approved the election of directors, ensuring leadership continuity and effective corporate governance. Shareholders also endorsed amendments to the company’s Memorandum and Articles of Association, aligning the company’s legal framework with its evolving business strategies and regulatory requirements.
Originally incorporated in 1988 as a composite insurer under National Life and General Insurance (NLGI), NLG Insurance Company Limited was established as a separate entity in 2005 following the provisions of Nepal’s Insurance Act. Since then, the company has focused exclusively on general insurance, serving individual and institutional clients across the country.
NLG Insurance is widely recognized for its prompt and efficient claims settlement, extensive nationwide network, and customer-driven insurance solutions. Its client base includes corporate houses, government bodies, development organizations, and individual policyholders, reflecting its broad market reach.
The company’s risk management framework is further strengthened by its reliable reinsurance arrangement with Hannover Re, one of the world’s leading reinsurers, serving as NLG’s lead reinsurer.
With continued emphasis on technology-driven operations, personalized service delivery, and financial resilience, NLG Insurance Company Limited aims to further consolidate its position in Nepal’s competitive general insurance market.
