Impressive results from HNB Assurance
HNB Assurance PLC has yet again reported excellent results for the
nine months ended September 30, 2009. It recorded a turnover of Rs. 1.63
billion which was 19 percent higher than the turnover achieved during
the corresponding period last year.
The Gross Written Premium (GWP) from General Insurance grew by 22
percent while the Life sector generated a GWP growth of 15 percent.
These growth rates are significantly above the growth rates
experienced by the insurance industry as a whole during this period.
The company also achieved a growth of 56 percent in its profit before
tax and a growth of 15 percent in its profit after tax.
The profit before tax for the nine months stood at Rs. 75.4 million
while the profit after tax recorded Rs. 55.3 million.
These figures do not include any contribution from the Life business
since profits from Life business are recognized only after the year -
end actuarial valuation. |
