“Indicating another remarkable year, Ceylinco Insurance PLC, the holding company, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd, recorded a mammoth consolidated after tax profit of Rs.3.4 billion, resulting in a growth of 41 % for the period ended 30th September 2017 said Ajith Gunawardena, Managing Director / CEO said.
Profit before tax stood at an exceptional Rs. 4.2 billion with a 46 % growth. The Company completed 30 years in existence in 2017 and every year, we’ve grown from strength to strength, with achievements that none can match.”
“Success in life insurance reflects the trust and confidence of customers – our policyholders. Ceylinco Life has had an excellent year thus far, contributing Rs. 11.5 billion in premium income; Rs 2.5 billion in profit before tax and Rs 2 billion in net profit to the company’s consolidated results for the nine months ending 30th September 2017. Our Life Fund has grown by Rs 7.3 billion over this period to Rs 85.2 billion. These are truly noteworthy figures,” Ceylinco Life Insurance Ltd, R. Renganathan, Managing Director/Chief Executive Officer said.
Patrick Alwis, Managing Director of Ceylinco General Insurance Ltd, said: “Up to 30th September 2017, Ceylinco General Insurance recorded a premium income of Rs. 13.3 billion (Rs.13,278 million) with an impressive growth of 10.5 %. This is an increase of Rs.1.2 billion over the previous year for the same period, which I would say is an exceptional achievement.
This trend will no doubt help us to end the year on a resoundingly successful note.”
“Thus, the overall premium income of Ceylinco General and Ceylinco Life reached a staggering Rs.24.8 billion, indicating an increase of Rs.1,748 million or an overall growth of 7.6 % over the same period in the previous year.”
“Ceylinco General Insurance paid claims amounting to Rs. 6.6 billion during the 9-month period ended September 2017. During 2017, Ceylinco General Insurance infused great value into its products and services. For the second consecutive year, all flood victims were paid in record time. Over 3 billion worth of claims were paid in 14 days to over 3,000 flood victims.”
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Profit before tax stood at an exceptional Rs. 4.2 billion with a 46 % growth. The Company completed 30 years in existence in 2017 and every year, we’ve grown from strength to strength, with achievements that none can match.”
“Success in life insurance reflects the trust and confidence of customers – our policyholders. Ceylinco Life has had an excellent year thus far, contributing Rs. 11.5 billion in premium income; Rs 2.5 billion in profit before tax and Rs 2 billion in net profit to the company’s consolidated results for the nine months ending 30th September 2017. Our Life Fund has grown by Rs 7.3 billion over this period to Rs 85.2 billion. These are truly noteworthy figures,” Ceylinco Life Insurance Ltd, R. Renganathan, Managing Director/Chief Executive Officer said.
Patrick Alwis, Managing Director of Ceylinco General Insurance Ltd, said: “Up to 30th September 2017, Ceylinco General Insurance recorded a premium income of Rs. 13.3 billion (Rs.13,278 million) with an impressive growth of 10.5 %. This is an increase of Rs.1.2 billion over the previous year for the same period, which I would say is an exceptional achievement.
This trend will no doubt help us to end the year on a resoundingly successful note.”
“Thus, the overall premium income of Ceylinco General and Ceylinco Life reached a staggering Rs.24.8 billion, indicating an increase of Rs.1,748 million or an overall growth of 7.6 % over the same period in the previous year.”
“Ceylinco General Insurance paid claims amounting to Rs. 6.6 billion during the 9-month period ended September 2017. During 2017, Ceylinco General Insurance infused great value into its products and services. For the second consecutive year, all flood victims were paid in record time. Over 3 billion worth of claims were paid in 14 days to over 3,000 flood victims.”
www.dailynews.lk
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