Asian Alliance Insurance PLC (AAI) a part of the Softlogic Group posted a profit after tax fof Rs 752 million for the financial year ended December 2014. This is more than doubling the result for the previous year which was Rs 362 million.
The performance for 2014 is a reflection of the persistent execution of business goals that have enabled the Company to surpass industry standards and capture market share setting it up on a trajectory of exceptional profitability and stable growth.
The company has posted outstanding top line growth recording Gross Written Premium of Rs 4.8 billion for 2014, which is a growth of 17% compared to the previous year with Life Premiums increasing 21% to record Rs 3.0 billion and General Insurance Premiums increasing 11% to Rs 1.7 billion.
These growth rates are well above industry standards and confirm the success of the strategies that are being executed by the dedicated and talented team at Asian Alliance.
The results for 2014 also saw Net Earned Premium growing by 28% to Rs. 4.1 billion whilst Total Net Revenue increased by 44% to Rs 6.1 billion. Total Assets of the company surpassed the 10 billion mark to Rs 10.3 billion as at December 2014 and had increased by 38% from Rs 7.5 billion the previous year. Equity and Reserves of the Company also surged to reach Rs 2.5 billion increasing by 40% versus the previous year.
www.dailynews.lk
The performance for 2014 is a reflection of the persistent execution of business goals that have enabled the Company to surpass industry standards and capture market share setting it up on a trajectory of exceptional profitability and stable growth.
The company has posted outstanding top line growth recording Gross Written Premium of Rs 4.8 billion for 2014, which is a growth of 17% compared to the previous year with Life Premiums increasing 21% to record Rs 3.0 billion and General Insurance Premiums increasing 11% to Rs 1.7 billion.
These growth rates are well above industry standards and confirm the success of the strategies that are being executed by the dedicated and talented team at Asian Alliance.
The results for 2014 also saw Net Earned Premium growing by 28% to Rs. 4.1 billion whilst Total Net Revenue increased by 44% to Rs 6.1 billion. Total Assets of the company surpassed the 10 billion mark to Rs 10.3 billion as at December 2014 and had increased by 38% from Rs 7.5 billion the previous year. Equity and Reserves of the Company also surged to reach Rs 2.5 billion increasing by 40% versus the previous year.
www.dailynews.lk
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