HNB Assurance PLC(HNBA)and its fully owned subsidiary HNB General Insurance Limited(HNBGI)posted a Profit After Tax (PAT) of LKR 176MN for the secondquarter of 2017, reflecting a phenomenal growth of 332% compared to the PAT of LKR 41 MN recorded during the same period of 2016. The impressive performance of the Group reflected in all performance indicators. The Parent Company, HNBAposted a PAT of LKR 100MNmarking a growth of 54% while its subsidiary with a PAT of LKR 76 MN recorded a more impressive growth of 414% in PAT. During the secondquarter of 2017, the Group achieved a 22% growth in its Gross Written Premium(GWP), depictinga valueof LKR 3.8BN as against the GWP of LKR 3.1BN recorded during the comparable periodin2016. The Life Insurance segment contributeda GWP of LKR 1,919MN and the General Insurance segment contributeda GWP of LKR 1,901 MN to the overall GWP. The Life and General Insurance segments recorded Premium growth rates of 17% and 27% respectively. During the second quarter of 2017, the group recorded an investment income growth of 54% reaching a value of LKR 771 MN against LKR 500 MN recorded during the same period of 2016. The Total Assets of the Group reached a value of LKR 16 BN and Investments in Financial Instruments reached a value of LKR 13 BN. During the same period the Life Insurance Fund and General Insurance Fund grew by 14% and 29% reaching values of LKR 10 BN and LKR 2.5 BN respectively. Sharing her thoughts on the Group’sfinancial performance, Chairperson of HNBA and HNBGI Mrs. Rose Cooraystated, “We are indeed delighted to announce the results of another successful quarter. Both Life and General Insurance segments have showcased steady revenuegrowths. The concerted and well targeted efforts the Group has taken throughout 2017 to grow profitable business has made both HNBA and HNBGI more resilient and competitive Insurance companiesin the industry. The Group continues to leverage on its core competencies in stabilizing its market share by delivering asubstantial long-term value to our shareholderswhilst meeting all our obligations to our valued customers with highest responsibility. These financial results are a testament of the Group’s continuous financial stability and its growth momentum”. Speaking on the financial performance of the Group, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated, “Despite many tough challengesin a rapidly changing market, the Group has made significant strides by creating a stronger platform for growth by delivering a steady financial performance. This growth momentumof the Groupshowcases the strength of our business strategyand we are confidentthat both our Life and General Insurance companies will reach out as strong players in this industry”.
Dec
HNB Assurance PLC partnered with the Kandy Kings as the Official Protection Partner for the upcoming Colombo Golf League, taking place from 05th to 07th December at the Royal Colombo Golf Club.Through this partnership HNB Assurance extends an insurance cover to the 15-member Kandy Kings squad, ensuring their wellbeing throughout the tournament. As a brand rooted in trust and protection, HNB Assurance is proud to stand behind a team that embodies passion and excellence.Expressing his thoughts on the partnership, Executive Director / CEO of HNB Assurance, Mr. Lasitha Wimalaratne, stated, “We are truly pleased to partner with the Kandy Kings for this year’s Colombo Golf League. Our thanks go out to the franchise for choosing HNB Assurance as their protection partner and placing their confidence in us. As the team prepares to take on this exciting challenge, we are proud to safeguard their 15 players and wish them the very best on the greens.”Sharing his thoughts, Chief Business Officer / GM - Partnerships of HNB Assurance, Mr. Sanesh Fernando, added, “Supporting local sporting talent is a privilege for us. We extend our appreciation to the Kandy Kings franchise for this opportunity and look forward to backing the team throughout the league. We wish the players success, strength, and a memorable performance in this year’s tournament.”
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Nov
HNB Assurance PLC (HNBA) was recently recognized as the winner of the Best Well-being Initiative for Working Parents at the Parent-Inclusive Workplace Summit 2025 hosted by Parenthood Global. This recognition, earned through an independent evaluation among multiple organizations, stands as a testament to HNBA’s commitment to support working parents.For HNBA, this award is a validation of years of intentional effort, focused policies and a culture built on empathy. From caregiver leave to flexible support ecosystems, from in.she initiatives to mom-inclusive programs, HNBA has consistently placed the well-being of working parents at the center of its people agenda. Sharing his thoughts, the Executive Director / Chief Executive Officer of HNB Assurance PLC, Lasitha Wimalaratne, stated “This award is deeply personal to us and my sincere thanks to Parenthood Global for this wonderful recognition. Our commitment has always been to build a company where people feel supported not only as professionals, but as human beings with families, responsibilities and dreams. This recognition is proof that compassion, when embedded into culture, creates a lasting impact.”Navin Rupasinghe, Head of Human Resources / DGM of HNB Assurance PLC, added, “Every HR policy we design and every initiative we introduce is rooted in one belief, that our people deserve a workplace that honors their whole life, not just their job titles. Working parents give so much of themselves every day, and it is our duty and privilege to create an environment that lifts them. I certainly believe that this award belongs to our incredible parents who inspire us to do better, every single day.”
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Nov
HNB Assurance PLC continues to reinforce its commitment to uplifting communities across Sri Lanka through its three core CSR pillars, Health Protection, Environmental Protection and Education Protection. Anchored on these pillars, the company has rolled out a series of impactful initiatives aimed at enhancing wellbeing, improving access to essential resources, and supporting the next generation.Most recently, under the Health Protection Pillar, HNB Assurance supported P/ Wijayapura Primary School, Bisobandaragama Primary School, Mahaweli Primary School and Kidalagema Primary School in Medawachchiya by installing Reverse Osmosis (RO) water filtering systems. These systems provide access to clean and safe drinking water, helping protect schoolchildren from consuming contaminated water and ensuring healthier learning environments. With the completion of these four water projects in 2025, HNB Assurance has now completed over 75 water projects across the country.In addition to these efforts, HNB Assurance continues to champion several long-term development programs. The company conducts pregnant mother programs that promote maternal wellbeing, Grade 05 scholarship programs that encourage academic excellence among young learners and financial literacy programs designed to empower communities with essential money management skills.Through these ongoing initiatives, HNB Assurance remains dedicated to protecting lives, nurturing growth and supporting resilient, thriving communities across the country.
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