Ceylinco Life has achieved consolidated income of Rs 36.98 billion
for FY 2020, demonstrating the Company’s ability to grow business volumes and
investment returns even in the most challenging conditions.
This top line growth of 15.2 per cent was made possible by Gross
Written Premium Income of Rs 22.07 billion for the 12 months ending 31
st
December 2020 – an increase of 17.9 per cent over 2019 – and investment and
other income of Rs 14.9 billion, which was up 11.3 per cent, Sri Lanka’s life
insurance leader reports.
The growth in life insurance business resulted in Ceylinco Life
retaining its position as the market leader in Sri Lanka’s life insurance
Ceylinco Life’s 2019 Annual Report ranked among 10 Best Integrated Reports by CMA
January, 13, 2021
Ceylinco Life’s 2019 Annual Report was ranked among the 10 Best Integrated Reports at the 6
th edition of the ‘CMA Excellence in Integrated Reporting Awards 2020’ presented by the Institute of Certified Management Accountants (CMA) of Sri Lanka.
Themed ‘Derisking the Future,’ this fifth integrated annual report of the life insurance leader reflected on the strength of its life insurance products, which enable its policyholders to achieve their potential and aspirations while the company safeguards them as they progress in life.
Ceylinco Life has adopted the Integrated Reporting Framework since 2015 subsequent to the segregation of Life and General Insurance into separate business entities under Section 53 of the Regulation of Insurance Industry (Amendment) Act No 3 of 2011, which came into effect that year. The Company said its intention in Integrated Reporting is to p
Ceylinco Life has been accorded an ‘Honourable Mention’ as one of the ‘Most Admired Companies in Sri Lanka’ in 2019-20 by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA).This is the second time the country’s life insurance leader has been featured on this prestigious list. Ceylinco Life is also the only insurer among the companies – the ‘Top 10’ and five.
Ceylinco Life only insurer among Sri Lanka’s ‘Most Admired’ Companies in 2020
December, 22, 2020
Ceylinco Life has been accorded an ‘Honourable Mention’ as one of the ‘Most Admired Companies in Sri Lanka’ in 2019-20 by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA).
This is the second time the country’s life insurance leader has been featured on this prestigious list. Ceylinco Life is also the only insurer among the companies – the ‘Top 10’ and five ‘Honourable Mentions’ – recognised with the accolade.
The Most Admired companies includes both listed and unlisted companies that, according to the presenters of the award, are a cut above the rest in terms of not just financial performance but the value they create for shareholders, customers, employees, and the wider community in general. The award recognises consistency, authority, sustainable growth and excellent