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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: August 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

activity: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.
Mission:To provide services beyond expectation with a will to go an extra mile. In the process, continue to upgrade technology, human resource and reinsurance protection.
vision:To be the industry leader by building customer satisfaction through a fairness, transparency and quick response.
1994:It was incorporated as a Public Limited Company on 16th December 1994.
1996: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
Total Employees:
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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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Chief Executive Officer
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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%
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11%
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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