January 19, 2018 5:35 PM ET

Insurance

Company Overview of AIA Insurance Lanka PLC

Company Overview

AIA Insurance Lanka PLC provides life insurance products and services in Sri Lanka. It offers savings, retirement, and protection insurance products, as well as provides trust management and ancillary services. The company offers its products through agency and bancassurance channels. The company was incorporated in 1986 and is based in Colombo, Sri Lanka. AIA Insurance Lanka PLC is a subsidiary of AIA Holdings Lanka (Private) Limited.

AIA Tower

92, Dharmapala Mawatha

Colombo,  07

Sri Lanka

Founded in 1986

815 Employees

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 Announces Group and Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

AIA Insurance Lanka PLC announced group and company earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company group reported net earned premium was LKR 2,571,356,000 against LKR 2,388,161,000 a year ago. Investment income was LKR 1,239,056,000 against LKR 1,215,615,000 a year ago. Profit before tax was LKR 149,370,000 against LKR 152,469,000 a year ago. Profit for the period was LKR 53,776,000 against LKR 79,174,000 a year ago. Basic and diluted earnings per share were LKR 1.75 against LKR 2.57 a year ago. For the quarter months, the company reported net earned premium was LKR 2,571,356,000 against LKR 2,388,161,000 a year ago. Investment income was LKR 1,239,056,000 against LKR 1,215,615,000 a year ago. Profit before tax was LKR 148,873,000 against LKR 152,115,000 a year ago. Profit for the period was LKR 53,329,000 against LKR 78,878,000 a year ago. Basic and diluted earnings per share were LKR 1.73 against LKR 2.57 a year ago. For the nine months, the company reported group net earned premium was LKR 8,207,298,000 against LKR 6,911,284,000 a year ago. Investment income was LKR 3,874,779,000 against LKR 3,512,567,000 a year ago. Profit before tax was LKR 388,472,000 against LKR 394,924,000 a year ago. Profit for the period was LKR 188,765,000 against LKR 198,685,000 a year ago. Basic and diluted earnings per share were LKR 6.14 against LKR 6.46 a year ago. Cash flow used in operating activities was LKR 282,135,000 against LKR 86,749,000 a year ago. Purchase of property, plant and equipment was LKR 374,250,000 against LKR 26,776,000 a year ago. Net assets value per share of LKR 131.66 in Sept. 30, 2017. For the nine months, the company reported net earned premium was LKR 8,207,298,000 against LKR 6,911,284,000 a year ago. Investment income was LKR 3,874,779,000 against LKR 3,512,567,000 a year ago. Profit before tax was LKR 387,337,000 against LKR 394,058,000 a year ago. Profit for the period was LKR 187,836,000 against LKR 197,977,000 a year ago. Basic and diluted earnings per share were LKR 6.11 against LKR 6.44 a year ago. Cash flow used in operating activities was LKR 281,732,000 against LKR 85,354,000 a year ago. Purchase of property, plant and equipment was LKR 374,250,000 against LKR 26,776,000 a year ago. Net assets value per share of LKR 131.47 in Sept. 30, 2017.

Insurance Regulatory Commission of Sri Lanka Grants Approval to Appoint Stuart Anthony Spencer as a Non-Executive Director of AIA Insurance Lanka plc

AIA Insurance Lanka PLC announced that the Insurance Regulatory Commission of Sri Lanka has granted approval to appoint Mr. Stuart Anthony Spencer as a non-executive director of the company. The appointment has been duly formalized effective August 3, 2017.

AIA Insurance Lanka PLC Announces Unaudited Consolidated and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

AIA Insurance Lanka PLC announced unaudited consolidated and company earnings results for the second quarter and six months ended June 30, 2017. For the quarter, on consolidated basis, the company's net earned premium was LKR 3,065,113,000 against LKR 2,266,345,000 a year ago. Profit before tax was LKR 102,903,000 against LKR 99,955,000 a year ago. Profit attributable to owners of the parent was LKR 63,788,000 against LKR 32,987,000 a year ago. Basic and diluted earnings per share were LKR 2.07 per share against LKR 1.07 per share a year ago. For the quarter, on company basis, the company's net earned premium was LKR 3,065,113,000 against LKR 2,266,345,000 a year ago. Profit before tax was LKR 102,447,000 against LKR 99,729,000 a year ago. Profit attributable to owners of the parent was LKR 63,460,000 against LKR 32,805,000 a year ago. Basic and diluted earnings per share were LKR 2.06 per share against LKR 1.07 per share a year ago. For the six months, on consolidated basis, the company's net earned premium was LKR 5,635,942,000 against LKR 4,523,123,000 a year ago. Profit before tax was LKR 239,101,000 against LKR 242,455,000 a year ago. Profit attributable to owners of the parent was LKR 134,988,000 against LKR 119,511,000 a year ago. Basic and diluted earnings per share were LKR 4.39 per share against LKR 3.89 per share a year ago. Net cash from operating activities was LKR 461,306,000 against net cash used in operating activities of LKR 308,000 a year ago. Purchase of intangible assets was LKR 22,606,000 against LKR 4,750,000 a year ago. Purchase of property, plant and equipment was LKR 278,881,000 against LKR 10,632,000 a year ago. For the six months, on company basis, the company's net earned premium was LKR 5,635,942,000 against LKR 4,523,123,000 a year ago. Profit before tax was LKR 238,462,000 against LKR 241,943,000 a year ago. Profit attributable to owners of the parent was LKR 134,505,000 against LKR 119,099,000 a year ago. Basic and diluted earnings per share were LKR 4.37 per share against LKR 3.87 per share a year ago. Net cash from operating activities was LKR 460,573,000 against net cash used in operating activities of LKR 1,135,000 a year ago. Purchase of intangible assets was LKR 22,606,000 against LKR 4,750,000 a year ago. Purchase of property, plant and equipment was LKR 278,881,000 against LKR 10,632,000 a year ago.

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