Himalayan Everest Insurance AGM Approves 8% Dividend

21st January 2026, Kathmandu

The Himalayan Everest Insurance AGM has been successfully completed, marking an important milestone for the company and its shareholders. Himalayan Everest Insurance Company Limited concluded its 32nd Annual General Meeting (AGM) in Kathmandu on January 20, 2026 (Magh 6, 2082), where key financial and administrative resolutions were formally approved. This meeting reflects the continued commitment of the company to transparency, shareholder value, and regulatory compliance within the non-life insurance sector of Nepal.

Himalayan Everest Insurance AGM 

The orderly conduct of the meeting demonstrated strong corporate governance practices and active shareholder engagement. In an industry currently navigating post-merger integration and evolving capital requirements set by the Nepal Insurance Authority, such successful annual gatherings are critical for maintaining the confidence of investors and policyholders alike.

Venue and Shareholder Participation

The AGM was held at the Anmol Banquet in Shankhamul, Kathmandu, starting at 11:00 AM. It was attended by a significant number of shareholders, board members, senior management, and representatives from the regulatory bodies. The meeting served as a vital platform for the management to report on the performance of the company following the historic merger between the former Himalayan General Insurance and Everest Insurance.

During the session, the Chairperson highlighted that the company has successfully leveraged its increased risk appetite and expanded market presence to navigate a competitive landscape. The participation of the shareholders underscored their interest in the strategic direction of the company, particularly concerning its digital transformation and its efforts to reach the grassroots level with micro-insurance products.

Approval of 8 Percent Cash Dividend

One of the most significant outcomes of the Himalayan Everest Insurance AGM was the formal approval of a cash dividend equivalent to 8 percent of the paid-up capital of the company for the previous fiscal year 2081/82.

Based on the current paid-up capital of the company, which stands at approximately 2.50 billion rupees (Rs 2,50,01,57,400), the approved dividend amounts to roughly 200 million rupees (Rs 20,01,02,992). This amount is inclusive of the applicable taxes. The approval of this dividend reflects the stable financial performance of the company and its ability to generate returns for its owners despite the challenging economic conditions in Nepal during the last year.

Cash dividends are a key indicator of financial health in the insurance sector. For Himalayan Everest Insurance, this payout signals to the market that the company maintains a healthy solvency margin and a disciplined approach to underwriting, allowing it to share profits while still reinvesting in its core operations.

Financial Reports and Auditor Endorsement

In addition to the dividend approval, the AGM endorsed the annual financial statements and the independent auditor report for the fiscal year 2081/82. The company reported a net profit of 532.33 million rupees for the last fiscal year, marking a growth of nearly 6 percent compared to the previous period.

The meeting also addressed several critical administrative matters:

Auditor Appointment: The AGM approved the appointment of the auditor for the current fiscal year 2082/83.

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Remuneration: The shareholders authorized the determination of the remuneration for the incoming auditors.

Board Report: The report of the Board of Directors, which detailed the operational challenges and successes of the year, was passed unanimously.

The approval of these reports confirms that the financial reporting of Himalayan Everest Insurance meets all statutory requirements and has been verified by independent experts, reinforcing its credibility among institutional and retail investors.

Strengthening Corporate Governance Post-Merger

The successful completion of the Himalayan Everest Insurance AGM highlights the adherence of the company to sound corporate governance. As the first entity to complete a merger in the insurance industry of Nepal, Himalayan Everest Insurance has set a benchmark for others. The integration of two distinct corporate cultures and technical systems has been a primary focus, and the AGM provided evidence that these efforts are yielding results.

By approving dividends and financial statements in a transparent and public forum, the company continues to strengthen the trust of the investors. Regular AGMs are essential for accountability, as they allow shareholders to review the decisions of the management and participate in the long term vision of the institution.

Importance for Shareholders and the Insurance Sector

For the shareholders, the outcomes of the AGM provide clarity on their returns and the strategic direction of the insurer. The approved 8 percent cash dividend offers a direct financial benefit to those who held shares before the book closure date of January 5, 2026 (Poush 21, 2082).

At a broader level, this AGM reflects the growing maturity of the insurance market in Nepal. Companies are increasingly focused on disclosure and shareholder engagement to stay ahead of the rising competition and the strict scrutiny of the Nepal Insurance Authority. As the sector faces an evolving risk landscape—including natural disasters and economic shifts—the financial strength demonstrated by Himalayan Everest Insurance is a positive sign for the industry as a whole.

Conclusion

The completion of the Himalayan Everest Insurance AGM marks a positive development for the company and its investors. With the approval of the 8 percent cash dividend and the endorsement of the strong 2081/82 financial results, Himalayan Everest Insurance Company Limited has reinforced its position as a stable and responsibly managed non-life insurer in Nepal.

As the company moves further into the current fiscal year 2082/83, shareholders will closely watch its ability to sustain these returns while managing the increased claim volumes and the technical demands of a modern insurance environment. The focus on digitization and customer centric service discussed during the meeting will be the key drivers of its future success.

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