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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

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
PINS.N0000 (People's Insurance PLC) EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
PINS.N0000 (People's Insurance PLC) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
PINS.N0000 (People's Insurance PLC) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
PINS.N0000 (People's Insurance PLC) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
PINS.N0000 (People's Insurance PLC) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
PINS.N0000 (People's Insurance PLC) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
PINS.N0000 (People's Insurance PLC) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
PINS.N0000 (People's Insurance PLC) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
PINS.N0000 (People's Insurance PLC) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
PINS.N0000 (People's Insurance PLC) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
PINS.N0000 (People's Insurance PLC) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
PINS.N0000 (People's Insurance PLC) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
PINS.N0000 (People's Insurance PLC) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
PINS.N0000 (People's Insurance PLC) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
PINS.N0000 (People's Insurance PLC) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
PINS.N0000 (People's Insurance PLC) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
PINS.N0000 (People's Insurance PLC) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
PINS.N0000 (People's Insurance PLC) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
PINS.N0000 (People's Insurance PLC) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
PINS.N0000 (People's Insurance PLC) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
PINS.N0000 (People's Insurance PLC) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
PINS.N0000 (People's Insurance PLC) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
PINS.N0000 (People's Insurance PLC) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
PINS.N0000 (People's Insurance PLC) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
PINS.N0000 (People's Insurance PLC) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
PINS.N0000 (People's Insurance PLC) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
PINS.N0000 (People's Insurance PLC) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
PINS.N0000 (People's Insurance PLC) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
PINS.N0000 (People's Insurance PLC) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
PINS.N0000 (People's Insurance PLC) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
PINS.N0000 (People's Insurance PLC) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
PINS.N0000 (People's Insurance PLC) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
PINS.N0000 (People's Insurance PLC) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
PINS.N0000 (People's Insurance PLC) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
PINS.N0000 (People's Insurance PLC) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
PINS.N0000 (People's Insurance PLC) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
PINS.N0000 (People's Insurance PLC) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
PINS.N0000 (People's Insurance PLC) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
PINS.N0000 (People's Insurance PLC) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    PINS.N0000 (People's Insurance PLC)

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    PINS.N0000 (People's Insurance PLC) Empty PINS.N0000 (People's Insurance PLC)

    Post by yellow knife Fri Jun 03, 2016 9:33 am

    People's Insurance PLC, has started its operations in 2010 with just 15 employees. From the inception company was focusing on non-life. Certain insurance companies in Sri Lanka find non-life not profitable and sold its stake in non-life while others preferred non-life.

    When we compare HASU's non life with PINS we can see this difference.

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    [size=15][b]Column1[/b][/size][size=15][b]2015[/b][/size][size=15][b]2014[/b][/size][size=15][b]2013[/b][/size][size=15][b]2012[/b][/size][size=15][b]2011[/b][/size]
    PAT-PINS464,167,294450,127,099370,824,154234,657,24971,995,805
    PAT-HASU-284,300,000210,501,000243,604,000228,640,00099,840,000
    Revenue of PINS show a clear upward trend in 2012 and a slow growth thereafter

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    Net Assets has dropped just because of IPO's new shares..


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    Post by yellow knife Fri Aug 19, 2016 2:37 pm

    It seems there is an interest on PINS these days. I have noticed a key long term investor JB Cocoshell appear as the second highest investor.

    PINS belongs to PLC group and this kind of " Structural Ties " gives captive business. thus when PLC grow naturally PINS grow.

    This finally belongs to People's Bank, which gives more captive general insurance business thus even when vehicle leasing reports hiccups, other businesses like marine, fire, housing loan related can further grow ...
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    Post by xmart Fri Aug 19, 2016 3:42 pm

    PINS up up but PLC down down.. Very Happy
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    PINS.N0000 (People's Insurance PLC) Empty Re: PINS.N0000 (People's Insurance PLC)

    Post by smallville Sun Aug 21, 2016 1:01 pm

    YK, I found your topic on PINS valuable.. U have great presentation skills..

    Since I also have some interest in this, thought of combining all ur posts to one so reader can have a single glance on it.

    Last trading was a doji, which depicts uncertainty. It can go either way.
    So I dont expect this to pass 18 again unless;

    1. tomorrow itself it starts the journey
    2. A dividend of 0.60 announced soon.
    3. It can also trade Monday, produce a doji and decline from next day
    4. Base formed at 17, trade for couple of days/weeks and climb up

    Can you also highlight their important financial data?


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    Post by yellow knife Tue Jul 11, 2017 8:08 am

    2017

    PINS has recorded another successful year.

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    Post by yellow knife Tue Jul 11, 2017 8:10 am

    Figures of Net assets got varied due to number of shares of the company changing as mentioned below

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    20162015201420132012
    No of shares200,000,000150,000,00060,000,00060,000,00060,000,000
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    Post by yellow knife Tue Jul 11, 2017 8:12 am

    Company is a Master of dividends... If follow the same pattern of PLC.N , its mother company when declaring dividends. An Interim followed by Final.

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    Post by yellow knife Tue Jul 11, 2017 8:13 am

    Net Profit Margin is higher and it ensures the ability to pay dividends.

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    Post by Danidu Tue Jul 11, 2017 6:05 pm

    Thank you YK. Very good one. study
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    Post by pjrngroup Tue Jul 11, 2017 8:11 pm

    THANKS YK.
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    Post by nihal123 Wed Jul 12, 2017 8:07 pm

    Thanks YK
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    PINS.N0000 (People's Insurance PLC) Empty Interim Financial Statements as of 30-06-2017

    Post by Rana Thu Aug 03, 2017 5:19 pm

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    Post by Backstage Tue Aug 08, 2017 11:01 pm

    YK, time to update.
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    PINS.N0000 (People's Insurance PLC) Empty PEOPLE'S INSURANCE - DIVIDEND ANNOUNCEMENTS

    Post by Rana Thu Aug 31, 2017 4:07 pm

    PEOPLE'S INSURANCE PLC
    Company ID: - PINS
    Date of Announcement: - 31.Aug.2017
    Rate of Dividend: - Rs. 0.75 per share / Interim Dividend
    Financial Year: - 2017
    Shareholder Approval: - Not Required
    XD: - 13.Sep.2017
    Payment: - 22.Sep.2017
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    Post by Backstage Sun Sep 03, 2017 9:36 pm

    Thanks Rana.
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    Post by ruwan326 Tue Jul 30, 2019 9:30 pm

    Financial Performance- Period ended 30 June 2019

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    Post by SLEquityWatch Tue Aug 18, 2020 11:09 pm

    PINS 6 months EPS 3.63 up by 119%

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    Post by SLEquityWatch Tue Aug 18, 2020 11:11 pm

    PINS is a strong buy from all tech indicators

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    Post by serene Sun Aug 23, 2020 6:42 am

    Good company to have in your Portfolio.
    Good dividend payer.
    Has the cushion of captive Bussiness from Parent Company PLC and Peoples Bank.
    Hope for a full back to enter.
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    Post by dhanurrox Sun Aug 23, 2020 8:48 am

    Will they give the usual .75 dividend?
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    Post by yellow knife Sun Aug 23, 2020 10:51 am

    Sons have to look after parents... Its always better to have TPL than Hayleys... AHPL than JKH... and the list goes on...CIND than CFIN

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    Post by The Invisible Sat Sep 12, 2020 11:14 am

    People’s Insurance: Resilient amidst the Covid Storm

    Covid-19, with its lockdown and new normal, has not altered this non-life insurance company’s course.

    People’s Insurance has a customer-centric and technology-driven approach to dealing with the Coronavirus pandemic and the economic devastation in its aftermath. Isuru Balapatabendi, Chairman at People’s Insurance PLC, says the company is emerging stronger and poised for growth due to its foresight and early response to Covid19, investments in digital tech and synergies from the People’s group.

    How is Covid-19 impacting People’s Insurance?

    Balapatabendi: The unprecedented economic turmoil caused by the pandemic spared few industries worldwide. In Sri Lanka, Covid-19 impacted the non-life insurance sector with industry gross written premium (GWP) incomes declining 5% in the first six months of 2020. Although insurance companies stayed open as essential services, restricted customer movement and dwindling disposable incomes challenged their operations.

    Premium incomes fell across the industry from the economic challenges precipitated by the lockdown, and the moratorium on premium payments which has since expired. The industry had a particularly tough June 2020 quarter. It was no different for us at People’s Insurance.

    However, I must say that it was, in a way, a satisfying and exciting period for us. Why? Because the crisis proved our corporate strategy. We found ourselves with a lot more manoeuvrability despite many things related to the pandemic being out of our control. And now, while everyone is changing track and preparing for a new normal, People’s Insurance is emerging stronger with our medium and long-term plans still intact, and still relevant.

    We began a digitisation drive which held us in good stead when the pandemic hit. This was a part of initiatives to deepen and widen synergies with the People’s Group. People’s Insurance, People’s Leasing and People’s Bank make up the People’s Group with combined assets exceeding Rs2.2 trillion.

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    It is the largest financial sector group in Sri Lanka. There are synergies around reach and digital technology. People’s Group has a customer base of over 15 million, served by over 1000 branches and digital touch points. Asiamoney recently crowned People’s Bank as Sri Lanka’s Best Digital Bank. It has 270 cash deposit machines and over 200 self-banking units across the island, covering some of the hardest to access regions in the country.

    Exploring synergies and widening the captive base within the group was only part of the strategy. We have plans in place to grow market share from outside the group. Product innovation and digital technology will help us do this. So, despite all the challenges from Covid-19, the lockdown, and the economic slump we are experiencing now, People’s Insurance was able to record a 119% growth in profits in the first six months of 2020. This is a testament to the company’s visionary management and resilience.

    How did the company navigate the lockdown period?

    Balapatabendi: We responded to the Coronavirus outbreak even before it hit Sri Lanka. Around early February 2020, we appointed a restructuring committee to monitor the global spread of Covid-19 and prepare People’s Insurance for any eventuality.

    Our IT department was already on their annual digitization plan and was implementing a digitalisation strategy which improved internal processes and cost efficiencies, and enhanced service delivery standards. Our primary concern was providing uninterrupted insurance cover and services to customers.

    The lockdown was tough on everyone, we understood that. We felt that it was our duty to be assuring and helpful to our customers during challenging times. We did not want to take an aggressive approach to collections although premium incomes took a hit across the sector. First, we made sure critical staff including those in the frontlines had curfew passes. Second, our amazing in-house tech team made it possible for the organisation to quickly pivot to working from home.

    We upgraded online payment platforms so that customers can make their premium payments. We had developed a mobile sales app for our sales teams which paid dividends during the lockdown because they could reassure customers and help them reschedule their insurance policies as needed.

    While our premium incomes declined during this period, we are experiencing a fast recovery. Premium incomes will reach pre-Covid levels much sooner than many would expect, I believe. Let me give another example of People’s Insurance’s resilience and strength.

    In 2019, the Easter attacks triggered an economic downturn which led to stringent restrictions on vehicle imports. Motor insurance accounts for 89% of our business and despite the challenges, we recorded an 8% growth in GWP in 2019 which was higher than the industry growth rate of 3%.

    What is the near-term outlook and how will People’s Insurance generate growth in the post-Covid environment?

    Balapatabendi: We cannot predict when this pandemic will end or when we will have a vaccine. But a few things are certain, Sri Lanka can come out of this crisis with an economy poised for growth. As I said, motor insurance accounts for 89% of our business but our long-term plans will see this share decline.

    Digitalisation will improve cost efficiencies and service delivery which will help us gain market share in a competitive and overcrowded motor-insurance market. However, long term growth will come from elsewhere and other insurance products will gain momentum faster. This is because People’s Insurance is positioning itself for quite a different yet exciting economy.

    For instance, Sri Lankan consumers are becoming more health conscious, and improving incomes will lead to new lifestyle choices. While non-motor insurance penetration is low in Sri Lanka, that will quickly change. The R&D division at People’s Insurance are watching these trends and developing innovative insurance products to meet the aspirations and expectations of discerning consumers.

    We already have insurance policies that cover healthcare, personal accidents, dwellings, and homes.

    We also have a comprehensive suite of business insurance products including fire, burglary, business interruption, cargo insurance, goods in transit, public liability, product liability and professional indemnity which cover some of Sri Lanka’s growth sectors like construction and housing, and services.
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    subash


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    Post by subash Sat Sep 12, 2020 4:10 pm

    I think no dividend this time
    කිත්සිරි ද සිල්වා
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    Post by කිත්සිරි ද සිල්වා Tue May 03, 2022 7:30 pm

    Did anyone get the dividend payment?


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