Amana Takaful Group growth surges to strong post tax profit for the first 9 months

Business

Amana Takaful PLC, amidst challenging conditions and a prevailing pandemic in the country, has posted a Group Profit After Tax of Rs. 203.48 million for the nine months ending September 2020, a turnaround as opposed to the Net Loss recorded during the same period in 2019.
The turn-around is attributed to a strategic realignment of its portfolio and a business re-engineering process focused towards raising the bar on service levels, efficient and speedy settlement of claims and the commitment and dedication of its employees. The company also reviewed and rationalized costs during the period resulting in a reduction by a sizable 26.5%, the company said in a media release

Amana Takaful Maldives recorded a Profit After Tax for the nine months ending September 2020 which is a growth of 42% when compared to the same period last year.

Commenting on the company performance, its Chief Executive Officer Shehan Feisal stated: “These are trying times for all of us. Despite the COVID-19 outbreak and the economic challenges in the country Amana Takaful has performed and achieved the desired results. The results show that the changes and service enhancements adopted have started to bear fruit. Our goal is to take insurance to every Sri Lankan as one through our customer centric products with unmatched benefits bringing customer convenience and satisfaction / peace of mind”.

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