Ceylinco Insurance commended for outstanding performance

Ceylinco Insurance announced a dividend of 30 per cent at the recent Annual General Meeting attended by share holders.

Ceylinco Insurance also unveiled impressive results for the first quarter 2009.

Deputy Chairman of the company Ajith Gunawardena said," Despite the uncertainties that prevailed during the period under review, the company recorded a total premium income of Rs. 4.3 billion, out of which the General Division contributed with Rs. 2.5 billion whist Life Division recorded Rs. 1.8 billion.

Profitability of the company stood at Rs. 120 million.

As at March 31, 2009, total assets of the company increased to Rs. 39.7 billion, recording an increase of Rs. 2.3 billion when compared to Rs. 37.4 billion in December 2008. The company's investments stood at a mammoth Rs. 23 billion."