HNB Assurance PLC (HNBA) recorded an impressive growth of 29% for the fiscal year 2021 in terms of Gross Written Premium (GWP), recording Rs. 7.1 billion.
HNBA Chief Executive Officer (CEO) Lasitha Wimalaratne stated: “I’m extremely proud to state that HNBA reached many milestones in 2021, reaffirming its stability and strong financial footprint in the market. During the year, the business was able to record a GWP of Rs. 7.1 compared to a GWP of Rs. 5.5 in 2020, depicting a growth of 29%. This is the highest GWP growth in the company’s history. The profit after tax (PAT) of the company surpassed Rs. 1 billion during the year. The two main channels of the business – advisor and partnership – have gone above and beyond all expectations to deliver these superlative results.”
HNBA is an insurance company in Sri Lanka with a network of 63 branches. HNBA is a life insurance company with a rating of “A+” (lka) by Fitch Ratings Lanka for “National Insurer Financial Strength Rating”. Following the introduction of the segregation rules by the insurance regulator, HNB General Insurance Ltd. (HNBGI) was created and commenced its operations in January 2015. HNBGI continues to specialise in motor, non-motor, and Takaful insurance solutions and is a fully owned subsidiary of HNBA.
HNB Assurance PLC announces a growth of 29% in FY21
28 Feb 2022
HNB Assurance PLC announces a growth of 29% in FY21
28 Feb 2022