Union Assurance (UA) reported steady progress in the life insurance business, reporting 19% growth in gross written premium for the second quarter of the current financial year, compared with the previous year. Profit amounted to Rs. 175 million compared with Rs. 119 million in 2016. Profit for the period does not include a surplus from the life business which is actuarially valued at year end.
As at June 30, 2017, UA’s life fund stood at Rs. 34 billion with a healthy solvency ratio indicating the financial strength of the business.
UA’s financial performance is underpinned by a continuous focus on innovation, brand management and people development.
Union Assurance is anchored by a team of experienced and dynamic professionals and is backed by a strong capital base and reinsurance partnerships with highly rated global reinsurers.
Celebrating 30 years of excellence in 2017, Union Assurance continues to invest in people, products and processes to become a true partner in successfor all our stakeholders.
As at June 30, 2017, UA’s life fund stood at Rs. 34 billion with a healthy solvency ratio indicating the financial strength of the business.
UA’s financial performance is underpinned by a continuous focus on innovation, brand management and people development.
Union Assurance is anchored by a team of experienced and dynamic professionals and is backed by a strong capital base and reinsurance partnerships with highly rated global reinsurers.
Celebrating 30 years of excellence in 2017, Union Assurance continues to invest in people, products and processes to become a true partner in successfor all our stakeholders.
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