The study looked at how dividends, earnings, and stock prices are related in Nepalese insurance companies. They used data from 15 insurance companies over a 7-year period. The results showed that higher earnings per share and PE ratio led to higher stock prices and returns. A higher return on equity also meant higher stock prices and returns. Dividends per share and dividend payout ratio positively affected stock prices. However, a higher dividend payout ratio had a negative impact on stock returns. Additionally, a higher return on assets led to higher stock returns but lower market prices per share.