Ceylinco Insurance said this week that it “has declared imposing results for the first half of 2012”. In a media statement issued by the company, its Managing Director/CEO Ajith Gunawardena, said, “the first half of 2012 saw the company record a total premium income of Rs.10.5 billion, with the General and Life Divisions contributing a [...]

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Ceylinco Insurance posts impressive half yearly results

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Ceylinco Insurance said this week that it “has declared imposing results for the first half of 2012”. In a media statement issued by the company, its Managing Director/CEO Ajith Gunawardena, said, “the first half of 2012 saw the company record a total premium income of Rs.10.5 billion, with the General and Life Divisions contributing a mammoth Rs.5.5 billion and Rs.5 billion, respectively”.

At the half way mark of 2012, the company earned a pre-tax profit of Rs.172 .6 million, the statement said. As at 30th June 2012, the total assets of the company increased to Rs.63.2 billion, up by Rs.1.9 billion when compared with Rs.61.3 billion in December 2011.  The statement said the company has paid out Rs.3.7 billion, as claims, during the first half of 2012. “The insurance industry at large recognises Ceylinco Insurance as the only company to settle all claims on the spot; an unmatched achievement as yet,” the statement claimed.




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