HNB Assurance turnover Rs. 1.5 b
Anjana Samarasinghe
The HNB Assurance recorded a combined turnover of Rs 1.472 billion
last year showing 31 per cent growth comparing to 2006.
General Manager Finance and Corporate Services of HNB Assurance,
Ajantha Gunesekara said that the company recorded Rs. 123.3 million
Profit After Tax (PAT) last year. This was Rs. 91.3 million in 2006 and
it was a 35 per cent growth. The company also achieved a net Profit
Before Tax (PBT) of Rs. 143.3 million for the year ended December 31,
2007 reporting a growth of 55 per cent comparing with 2006.
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Conference: General Manager Finance and Corporate Services
Ajantha Gunesekara and Managing Director Manjula De Silva at
the press conference. Picture by Sumanachandra Ariyawansa.
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For the first time in the company's history life GWP surpassed its
general GWP last year.
The company's net profit before tax from general insurance grew by 25
per cent to reach Rs. 78.3 million while the transfer of life surplus
from the life fund to the shareholder's account grew by 117 per cent.
Managing Director of HNB Assurance, Manjula de Silva said that there
was a rapid growth last year. The significant achievement is that the
company was able to surpass Rs. 100 million in PAT and PBT.
This year the company will introduce Insurance Message Systems (IMS)
for their customers. Through this system the company expects to send
SMSs to their customers reminding them on their premium paying dates.
Most of the insurance policies lapse due to delays in premium
payments. The new system will enable us to avoid these delays. We are
planning to introduce a system where our customers could pay their
premium through their mobile phones in the near future, he said.
General Manager Marketing and Distribution of HNB Assurance, Lalith
Fernando said that they will increase their branch network to 50 next
year.
This year we opened two new branches in Polonnaruwa and Matale. We
expect to open five new branches in Kalmunai, Batticaloa, Kiribathgoda,
Mahiyangana and Colombo West this year. There will be eight new branches
in 2009.
We expect to strengthen our field force through training and
development. Thecompany is also planning to educate rural masses on life
insurance and increase the insurance penetration in the country, he
said. |
