February 25, 2017 6:19 AM ET

Insurance

Company Overview of AIA Insurance Lanka PLC

Company Overview

AIA Insurance Lanka PLC provides life and general insurance products and services to individuals and businesses in Sri Lanka. The company operates in three segments: Life Insurance, General Insurance, and Trust Management Services. It offers pensions, education, savings, protected savings, investment, fund builder, and unit-linked insurance products. The company also offers insurance solutions for businesses, such as group life, protection from liabilities, and eMarine insurance products. In addition, it provides trust management services. The company was incorporated in 1986 and is headquartered in Colombo, Sri Lanka. AIA Insurance Lanka PLC is a subsidiary of AIA Holdings Lanka (Private) L...

No 75 Kumaran Ratnam Road

Colombo,  02

Sri Lanka

Founded in 1986

Phone:

94 11 231 0000

Fax:

94 11 244 7620

Key Executives for AIA Insurance Lanka PLC

AIA Insurance Lanka PLC does not have any Key Executives recorded.

AIA Insurance Lanka PLC Key Developments

AIA Insurance Lanka PLC Reports Unaudited Consolidated and Parent Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

AIA Insurance Lanka PLC reported unaudited consolidated and parent company earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, on consolidated basis, the company reported continuing operations net earned premium of LKR 2,486,635,000 against LKR 2,142,273,000 a year ago. Total revenue was LKR 3,836,253,000 against LKR 3,266,385,000 a year ago. Profit before taxes was LKR 716,478,000 against LKR 478,558,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 629,127,000 or LKR 20.46 per basic and diluted share against LKR 416,869,000 or LKR 13.56 per basic and diluted share a year ago. For the quarter, on company basis, continuing operations net earned premium of LKR 2,486,635,000 against LKR 2,142,273,000 a year ago. Total revenue was LKR 3,835,767,000 against LKR 3,284,178,000 a year ago. Profit before taxes was LKR 716,330,000 against LKR 496,580,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 629,013,000 or LKR 20.46 per basic and diluted share against LKR 434,943,000 or LKR 14.14 per basic and diluted share a year ago. For the full year, on consolidated basis, the company reported continuing operations net earned premium of LKR 9,397,919,000 against LKR 7,807,611,000 a year ago. Total revenue was LKR 14,633,471,000 against LKR 12,221,024,000 a year ago. Profit before taxes was LKR 794,266,000 against LKR 518,528,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 510,676,000 or LKR 16.61 per basic and diluted share against LKR 303,163,000 or LKR 9.86 per basic and diluted share a year ago. Net cash used in operating activities was LKR 44,024,000 against net cash used in operating activities of LKR 216,583,000 a year ago. Purchase of property, plant and equipment LKR 78,631,000 compared with LKR 75,003,000 a year ago. Purchase of intangible assets LKR 543,994,000 compared with LKR 11,099,000 a year ago. Net assets value per share as on December 31, 2016 was LKR 174.50. For the full year, on company basis, the company reported continuing operations net earned premium of LKR 9,397,919,000 against LKR 7,807,611,000 a year ago. Total revenue was LKR 14,631,704,000 against LKR 12,237,583,000 a year ago. Profit before taxes was LKR 793,249,000 against LKR 535,689,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 509,851,000 or LKR 16.58 per basic and diluted share against LKR 320,533,000 or LKR 10.42 per basic and diluted share a year ago. Net cash used in operating activities was LKR 45,015,000 against net cash used in operating activities of LKR 217,588,000 a year ago. Purchase of property, plant and equipment LKR 78,631,000 compared with LKR 75,003,000 a year ago. Purchase of intangible assets LKR 543,994,000 compared with LKR 11,099,000 a year ago. Net assets value per share as on December 31, 2016 was LKR 174.34.

AIA Insurance Lanka Enters into Partnership Agreement with DFCC Bank

AIA Insurance Lanka PLC has entered into a partnership agreement with DFCC Bank PLC. The partnership is intended at offering DFCC's customers a range of savings and protection products and services in Asia.

AIA Insurance Lanka PLC Announces Interim Dividend for The Year 2017, Payable on February 08, 2017

AIA Insurance Lanka PLC announced interim dividend of LKR 48.00 per share for the year 206. Ex-date is January 19, 2017 and payment date is February 08, 2017.

Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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