Ceylinco Insurance records impressive 1 H results
Ceylinco Insurance, recorded impressive results for the first half of
2009, said Joint Deputy Chairman Ajith Gunawardena. "During the first
half of 2009, the company recorded a total premium income of Rs 8.2
billion, of which the General Division contributed Rs 4.5 billion whilst
the Life Division recorded Rs 3.7 billion.
The company earned a profit before tax of Rs 279 million for the same
period. As at June 30, 2009 the total assets of the company increased to
Rs 38.2 billion, an increase of Rs 800 million when compared with
The company's investments stood at Rs 23.8 billion."
In keeping with its promise of timely settlement to customers, the
company paid Rs 4.3 billion as claims during the first half of 2009 when
compared to Rs 3.7 billion paid during the first half of 2008, an
increase of 16 percent.
The insurance industry recognises Ceylinco Insurance as the only
company that settles all claims on the spot, an achievement unmatched as
yet. "Our unique claim settlement on the spot has resulted in increased
customer confidence. It also means the customers can get their claim
settled without hassle," Gunawardena said.