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Ceylinco Insurance CINS EmptyToday at 3:31 pm by nihal123

» Thread for News on CSE and SL Economy
Ceylinco Insurance CINS EmptyToday at 9:04 am by ruwan326

» Devolution of power, civil wars, altruism, nepotism in animal world
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» East West properties
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» RCL - Royal Ceramics
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» Performance of the Market-Weekly
Ceylinco Insurance CINS EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
Ceylinco Insurance CINS EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
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» CLND Not to miss
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» Dividend Announcement
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» අපි නොදන්න ගීතයක කතාව
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» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
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» ආර්ථික වර්ධනය 2.7% ට බසී
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» Ranil agrees to give Sajith candidacy - AdaDetana
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» Cracks in the Real Estate Sector
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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» Thought for the day...
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» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Ceylinco Insurance CINS EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
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»  Rajgama Heroes !
Ceylinco Insurance CINS EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
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» Thread for News on International Markets
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» JINS.N0000 ( Janashakthi Insurance PLC)
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» Browns Investments update
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» Hayleys MGT
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» SEYB.N0000 ( SEYLAN BANK PLC )
Ceylinco Insurance CINS EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
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» TJL.N0000 (Textured Jersey Lanka PLC.)
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» UBC Union Bank of Colombo
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» Obituary Notice.
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» Thread for News on Local and Foreign Politics
Ceylinco Insurance CINS EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Ceylinco Insurance CINS EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
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» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
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» In the Meantime, Within Our Shores !
Ceylinco Insurance CINS EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Ceylinco Insurance CINS EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Ceylinco Insurance CINS EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Ceylinco Insurance CINS EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
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» Tokyo as at 21.08.2019 Morning
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» What Would You Do?
Ceylinco Insurance CINS EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Ceylinco Insurance CINS EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Ceylinco Insurance CINS EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
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Ceylinco Insurance CINS

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Post by The Invisible on Wed Aug 14, 2019 9:18 am

Ceylinco June net up with lower life insurance transfers

ECONOMYNEXT- Ceylinco Insurance Plc said that its profits grew 215 percent to 1.8 billion rupees in the June quarter from a year earlier with smaller transfers to the life insurance fund.



Earnings per share were 69.07 rupees. For the six months ending in June, earnings per share was 143.68 rupees. The Ceylinco share closed trading at 1,859 rupees on Friday.



Net written premiums after reinsurance costs in the June quarter grew 1 percent from a year earlier to 7.8 billion rupees.



Investment and other income grew 20 percent to 3.9 billion rupees.



Insurance claims were up 7 percent to 4.6 billion rupees.



Transfers to the life insurance fund fell 49 percent to 1.4 billion rupees, contributing most to the growth in profit margins.



Acquisition costs grew 6 percent to 973.9 million rupees.



Ceylinco Insurance's total assets grew to 180.3 billion rupees at the end of the June quarter from 160.9 billion rupees at the start of the financial year in January, due to a rise in loans and receivables. (Colombo/Aug13/2019)
The Invisible
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