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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Mar 30, 2023 9:25 am by yellow knife

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
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» Bitcoin and Cryptocurrency
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

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Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Asian Alliance Insurance posts Rs. 532 m PAT in 3Q EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Asian Alliance Insurance posts Rs. 532 m PAT in 3Q

    stocks hunter
    stocks hunter
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    Posts : 1280
    Join date : 2014-03-16

    Asian Alliance Insurance posts Rs. 532 m PAT in 3Q Empty Asian Alliance Insurance posts Rs. 532 m PAT in 3Q

    Post by stocks hunter Fri Nov 14, 2014 6:30 am

    Asian Alliance Insurance PLC (AAI) that is part of the Softlogic Group yesterday announced a profit after tax for period to date September 2014 of Rs. 532 million.
    The impressive result comes about on the back of Life premiums growth of 21% for the period at Rs. 2.2 billion, with the absolute increase of Rs. 374 million being amongst the highest in the industry, and is coupled with an exceptional result achieved on the investment portfolio of the company. The result also takes into account 1Q Life performance of the company, whilst the 2Q and 3Q Life results will be reflected at year end based on the full period performance.
    Total premiums for the first nine months of the year were Rs. 3.4 billion with General Insurance premiums at Rs. 1.3 billion and profits after tax were Rs. 511 million for Life business and Rs. 21 million for the General insurance business. The first nine months performanceof the company stands out from the rest of the industry that saw overall growth rates of 8% for Life and 2% for General.
    Asian Alliance’s strong performance is the result of a strategic vision which leverages on the valuable synergies of the Softlogic Group to re-affirm the company’s journey towards being a leading player in the industry. The company has charted an ambitious blueprint for growth, buoyed by the optimistic outlook for the insurance industry as a whole and also inspired by the key performance indicators of a fast paced Sri Lankan economy.
    AAI Life that is currently ranked fifth in the market provides its customers with a level of service and attention that is unmatched in the industry where the focus remains undivided and is always aimed at providing the best protection plans that are perfectly customised to meet specific requirements of a diverse clientele.
    The General Insurance Business is coming back strongly with novel concepts and innovation that is completely oriented towards customer convenience, with the new Drive Thru concept and 365 Day Insurance that will primarily target motor customers. The health business of the company has also improved tremendously and is currently ranked No. 4 in the industry.
    The shareholders of AAI include DEG and FMO that are internationally reputed AAA DFI institutions. The company operates through a network of 54 locations that are positioned in all provinces of the country and is part of the fast growing Softlogic Group that has interests in healthcare, retail, financial services, ICT, leisure, automobiles and restaurants.

    www.ft.lk

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