September 01, 2014 5:21 AM ET

Insurance

Company Overview of AIA Insurance Lanka PLC

Company Overview

AIA Insurance Lanka PLC provides life and general insurance products and services in Sri Lanka. The company operates in three segments: Life Insurance, Non-Life Insurance, and Trust Management Services. Its insurance products include pensions, education, protected savings, savings, investment, fund builder, and health insurance plans; and motor insurance, home protection, commercial and business interruption insurance, home insurance, title insurance, and travel insurance plans. The company also offers insurance solutions for businesses, such as employee benefit, and surgical and hospitalization plans; workmen’s compensation; asset protection insurance plans consisting of engineering, fire, ...

No. 75 Kumaran Ratnam Road

Colombo,  2

Sri Lanka

Founded in 1986

936 Employees

Phone:

94 11 231 0300

Fax:

94 11 231 0076

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 Second Quarter and Six Months Ended June 30, 2014

AIA Insurance Lanka PLC reported unaudited consolidated and parent company earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis, insurance premium revenue was LKR 2,347,312,000 against LKR 2,322,067,000 a year ago. Total revenue was LKR 3,556,278,000 against LKR 3,535,717,000 a year ago. Profit before taxes was LKR 128,251,000 against LKR 82,733,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 67,517,000 or LKR 2.25 per basic and diluted share against net loss for the period attributable to owners of the parent of LKR 9,263,000 or LKR 0.31 per basic and diluted share a year ago. For the quarter, on company basis, insurance premium revenue was LKR 2,347,312,000 against LKR 2,332,067,000 a year ago. Total revenue was LKR 3,553,923,000 against LKR 3,535,562,000 a year ago. Profit before taxes was LKR 125,416,000 against LKR 82,036,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 65,301,000 or LKR 2.18 per basic and diluted share against net loss for the period attributable to owners of the parent of LKR 9,821,000 or LKR 0.33 per basic and diluted share a year ago. For the six months, on consolidated basis, insurance premium revenue was LKR 4,614,639,000 against LKR 4,592,455,000 a year ago. Total revenue was LKR 6,768,476,000 against LKR 6,836,242,000 a year ago. Profit before taxes was LKR 263,900,000 against LKR 248,245,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 145,936,000 or LKR 4.86 per basic and diluted share against LKR 22,773,000 or LKR 0.76 per basic and diluted share a year ago. Net cash flow from operating activities was LKR 2,132,046,000 compared with LKR 474,951,000 a year ago. Purchase of property, plant and equipment LKR 80,596,000 compared with LKR 79,618,000 a year ago. Purchase of intangible assets LKR 2,100,000 compared with LKR 25,117,000 a year ago. Net assets value per share was LKR 155.98 against LKR 134.29 a year ago. For the six months, on company basis, insurance premium revenue was LKR 4,614,639,000 against LKR 4,592,455,000 a year ago. Total revenue was LKR 6,765,971,000 against LKR 6,835,932,000 a year ago. Profit before taxes was LKR 260,243,000 against LKR 246,282,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 142,992,000 or LKR 4.77 per basic and diluted share against LKR 21,053,000 or LKR 0.70 per basic and diluted share a year ago. Net cash flow from operating activities was LKR 2,134,500,000 compared with LKR 475,681,000 a year ago. Purchase of property, plant and equipment LKR 80,596,000 compared with LKR 79,618,000 a year ago. Purchase of intangible assets LKR 2,100,000 compared with LKR 25,117,000 a year ago. Net assets value per share was LKR 154.31 against LKR 132.70 a year ago.

AIA Insurance Lanka PLC Reports Consolidated and Company Earnings Results for the First Quarter Ended March 31, 2014

AIA Insurance Lanka PLC reported consolidated and company earnings results for the first quarter ended March 31, 2014. For the quarter, consolidated revenue was LKR 3,212.198 million against LKR 3,300.525 million a year ago. Gross written premium (GWP) income of the composite business grew by 6% compared with the first quarter of 2013 to LKR 2,595 million. Consolidated profit after tax increased strongly by 145% compared with the first quarter of 2013 to LKR 78 million. The main contributor to the increase in profits is the reduction of expenses. Profit attributable to owners of the parent was LKR 78.419 million or LKR 2.61 diluted per share against LKR 32.036 million or LKR 1.07 diluted per share a year ago. Net cash flow used in operating activities was LKR 921.863 million against LKR 185.126 million a year ago. Purchase of intangible assets was LKR 1.039 million against LKR 2.948 million a year ago. Purchase of property, plant and equipment was LKR 27.163 million against LKR 22.848 million a year ago. Profit before taxes was LKR 135.649 million against LKR 165.512 million last year. For the quarter, the company reported total revenues were LKR 3,212.048 million against LKR 3,300.370 million a year ago. Profit before taxes was LKR 134.827 million against LKR 164.792 million a year ago. Profit attributable to owners of the parent was LKR 77.691 million or LKR 2.59 diluted per share against LKR 30.874 million or LKR 1.03 diluted per share a year ago. Net cash flow used in operating activities was LKR 921.264 million against LKR 185.779 million a year ago. Purchase of intangible assets was LKR 1.039 million against LKR 2.948 million a year ago. Purchase of property, plant and equipment was LKR 27.182 million against LKR 22.848 million a year ago.

AIA Insurance Lanka PLC Reports Unaudited Consolidated and Parent Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

AIA Insurance Lanka PLC reported unaudited consolidated and parent company earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, on consolidated basis, insurance premium revenue was LKR 2,210,219,000 against LKR 2,340,110,000 a year ago. Total revenue was LKR 3,247,633,000 against LKR 3,312,959,000 a year ago. Profit before taxes was LKR 379,323,000 against LKR 663,721,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 364,700,000 or LKR 12.16 per basic and diluted share against LKR 581,477,000 or LKR 19.38 per basic and diluted share a year ago. For the quarter, on company basis, insurance premium revenue was LKR 2,210,219,000 against LKR 2,340,110,000 a year ago. Total revenue was LKR 3,247,445,000 against LKR 3,314,140,000 a year ago. Profit before taxes was LKR 378,035,000 against LKR 664,144,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 363,535,000 or LKR 12.12 per basic and diluted share against LKR 582,158,000 or LKR 19.41 per basic and diluted share a year ago. For the full year, on consolidated basis, insurance premium revenue was LKR 9,122,132,000 against LKR 8,990,899,000 a year ago. Total revenue was LKR 12,993,588,000 against LKR 12,629,734,000 a year ago. Profit before taxes was LKR 823,381,000 against LKR 1,204,064,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 499,293,000 or LKR 16.64 per basic and diluted share against LKR 847,907,000 or LKR 28.26 per basic and diluted share a year ago. For the full year, on company basis, Insurance premium revenue was LKR 9,122,132,000 against LKR 8,990,899,000 a year ago. Total revenue was LKR 12,994,704,000 against LKR 12,629,208,000 a year ago. Profit before taxes was LKR 822,495,000 against LKR 1,195,644,000 a year ago. Net profit for the period attributable to owners of the parent was LKR 498,501,000 or LKR 16.62 per basic and diluted share against LKR 840,215,000 or LKR 28.01 per basic and diluted share a year ago.

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