Thu, 04 Mar 2021 Today's Paper

Union Assurance records steady progress up to 1H 2015

21 August 2015 08:02 am - 0     - {{hitsCtrl.values.hits}}

A A A



Union Assurance PLC (UA) recorded a steady growth in Gross Written Premium (GWP) and profits as at the end of the 2nd quarter of 2015. 
GWP for the six months to the 30th of June 2015 was Rs. 3.2 billion compared to Rs. 2.8 billion in the corresponding period, a growth of 15 percent.  
Total net revenue excluding gains recorded from disposal of the non life business amounted to Rs. 4.4 billion, which was a 6 percent increase over the previous year. Total net revenue including the gain was Rs. 5.6 billion. 

''Total net revenue excluding gains recorded from disposal of the non life business amounted to Rs. 4.4 billion''

Profit after tax (PAT), including the disposal gain amounted to Rs. 1.4 billion. PAT excluding the disposal gain amounted to Rs. 194 million which is a 169 percent increase over the Rs. 72 million PAT reported in 2014. The PAT figures do not include a surplus from the life business, as the surplus is transferred at year end following actuarial valuation.


As at 30th June 2015, UA’s life fund stood at Rs. 25 billion with a healthy solvency ratio indicating the financial strength of the business.
On 28 May 2015, the Board of Directors of Union Assurance PLC resolved that up to a maximum of 26,785,714 of its ordinary shares will be repurchased at a price of Rs. 167.80 per share on a pro rata basis of ten shares for every thirty two shares held.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




People at a loss as.... COVID vaccination programme hits a snag

The much awaited vaccination drive for Sri Lankan healthcare staff began on J

42 trees felled; Ambagamuwa PS Chairman - a law unto himself ! Unjust enrichment via natural resources

Ambagamuwa Pradesha Sabha (PS) Chairman Jayasanka Perera was allegedly accuse

The Man Behind Moves to Form the “BJP” in Sri Lanka

The flower bud is the accredited electoral symbol of the Sri Lanka Podujana P

Is it a giant leap backwards in the name of patriarchy?

154 years after the Sri Lanka Police was established, an Acting Woman Deputy

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.