Ceylon FT: Diversified conglomerate John Keells Holdings' insurance unit, Union Assurance PLC, reported a net profit of Rs 1.12 billion for the year ended 31 December 2013, up 22% from Rs 921.26 million a year ago, interim financial results showed.
Total benefits and claims amounted to Rs 6.77 billion, up 15% from a year ago.
Gross written premium increased by 12% to Rs 10.9 billion and net investment income grew 17% to Rs 2.63 billion.
Total benefits and claims amounted to Rs 6.77 billion, up 15% from a year ago.
The basic earnings per share increased to Rs 13.11, up from Rs 12.28 a year ago.
Total assets of the company grew 17.5% from a year ago to Rs 21.09 billion.
Life insurance premium increased to Rs 4.7 billion, up from Rs 4.26 billion a year ago, and Non-life insurance premium grew to Rs 5.17 billion, up from Rs 4.43 billion a year ago.
The life insurance segment saw profits after tax increase by 48.44% to Rs 790.96 million and the non-life segment saw profits fall by 17.62% to Rs 391.64 million.
www.ceylontoday.lk
The life insurance segment saw profits after tax increase by 48.44% to Rs 790.96 million and the non-life segment saw profits fall by 17.62% to Rs 391.64 million.
www.ceylontoday.lk
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