Kathmandu. Nine non-life insurance companies have declared dividends for the last fiscal year 2076/77.

Of the nine non-life insurance companies that have declared dividends so far, Shikhar Insurance has the highest number. The company has passed a dividend of 29.23 percent. The insurance company is set to pay a 27.77 per cent bonus share and a 1.46 per cent cash dividend for tax purposes.

Himalayan General has proposed a minimum distribution of 6.75 percent (3 percent bonus and 3.75 percent cash).

Siddhartha Insurance has proposed to pay 15.79 percent dividend. The company is going to give 12 percent bonus and 3.79 percent cash dividend. From last year's earnings, Premier Insurance will pay a cash dividend of 11.05 percent. Of the companies that have declared dividends so far, only premium is going to pay cash dividends.

Prabhu Insurance has proposed a dividend of 10.53 per cent (10 per cent bonus and 0.53 per cent). Nepal Insurance will pay a total dividend of 10 percent including 8 percent bonus and 2 percent cash.

Similarly, Prudential Insurance has declared a total dividend of 8.82 per cent including 8 per cent bonus and 0.82 per cent cash. Everest Insurance has offered a dividend of 8.42 per cent, including 8 per cent boson and 0.42 per cent cash dividend.

IME General Insurance has declared a dividend of 7.73 percent. It has also announced a cash dividend of 0.37 percent for tax purposes only. However, in the case of companies that do not have a general meeting, the dividend will have to be passed by the general meeting.

  Among the non-life insurance companies that are yet to declare dividend from the earnings of the last fiscal year 2076/77 are Sagarmatha Insurance, General Insurance NECO Insurance, Lumbini General Insurance, NLG Insurance, National Insurance Company, United Insurance, Azod Insurance and Sanima.

As Ajod, Sanima and General Insurance are new companies, it is unlikely that these companies will be able to distribute dividends from last year's profit.