Ceylinco Insurance announces 200% dividend of original share price

7 May 2015 03:54 am - 0 - {{hitsCtrl.values.hits}}

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Ceylinco Insurance, the market leader in Sri Lanka’s insurance industry, announced an unparalleled dividend of Rs.20 per share to its shareholders for the year 2014, which is a 200 percent dividend of the original share price.
This is also an increase of 25 percent of the dividend declared in 2013.
Ceylinco Insurance said that the company had declared this dividend as a sign of appreciation for the tremendous trust placed in the company by the shareholders and policyholders.
Ceylinco Insurance believes that its success is a reflection of the resilience and strength expressed through the shareholder and customer confidence placed in the company.
Ceylinco Insurance emerged as the undisputed market leader in the insurance industry for the 11th year running, displaying ample evidence of its dominance in the insurance industry in Sri Lanka.
Ceylinco Insurance, during the year 2014 alone, paid Rs.10.9 billion as claims and benefits. The unprecedented amount of money provided in lieu of claim settlement and benefits reflect the company’s continuing commitment to ensuring timely claim settlement to all customers.
Commenting on the achievement, Ceylinco Insurance General Managing Director/Chief Executive Officer Ajith Gunawardena said, “This kind of record dividend was made possible by the unwavering confidence placed in us by our customers and our shareholders, whose trust we value, and our staff, who went that extra mile to ensure the company maintained the highest standards in customer care, adding value to every aspect of the level of service we deliver. Good governance, sound management principles that maximised resources and skills, also helped the company achieve this level of success.”
Commenting on the performance of the Life Division, where more than 139,777 new life policies were sold in 2014, Ceylinco Life Managing Director/Chief Executive Officer R. Renganathan said that the company’s performance was significant in view of the varied challenges faced in 2014. Ceylinco Life had paid out Rs.4.8 billion in customer benefits during the year 2014.

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Ceylinco Insurance announces 200% dividend of original share price

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