Mr.R.Renganathan Archives - Ceylon Independent

Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka's life insurance industry for the 14th successive year, with premium income of Rs 15.7 billion. The company posted profit before tax of Rs 6.3 billion reflecting a remarkable70 per cent growth.Net profit growth was even higher, at 95 per cent. Total income, comprising of premium income and investment and other income, grew to Rs 25.6 billion. Investment and other income improved by 17 percent to Rs 10.3 billion in the 12 months reviewed, reflecting the success of the investment strategies deployed by the company. Ceylinco Life's investment portfolio grew by 10.8 per cent to Rs 89.5 billion as at 31st December 2017. "These figures once a...

Ceylinco Life has reported exceptionally strong profit growth for the nine months ending 30th September 2017, with pre-tax profit up 53 per cent to Rs 2.5 billion and net profit growing 47 per cent to Rs 2 billion. Sri Lanka’s life insurance leader has recorded net income of Rs 18.7 billion for the period, an increase of 11 per cent, with premium income accounting for Rs 11.48 billion and investment income contributing Rs 7.24 billion. Investment income grew by a healthy 21 per cent in the review period, reflecting the success of the investment strategies implemented by the company, with an investment portfolio that stood at Rs 94.11billion as at 30th September 2017, up 17 per cent over the nine months. Total assets of Ceylinco Life improved by 15.4 per cent to Rs 111.3 billion at...

Tag: Mr.R.Renganathan

Ceylinco Life’s net profit surges 95-pct to Rs.6 Bn

Ceylinco Life’s 9-month PBT up 53-pct to Rs. 2.5Bn