HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) celebrated the exceptional performances of Branch Managers and the key members of the Retail Banking Management Team of the Hatton National Bank PLC (HNB) recently, at Grandeeza, Negombo. The grandeur night was graced by the presence of the Chief Guest, Mr. Jonathan Alles, Managing Director/CEO of HNB, Guest of Honor, Mrs. Rose Cooray, Chairperson of HNBA and HNBGI, Mr. Prasantha Fernando, Chief Executive Officer of HNBA and HNBGI, and other members representing the top management of HNB, HNBA and HNBGI. Articulating his views at the Ceremony, Mr. Alles stated, “I’m pleased to note the exceptional performance of our insurance arm during testing times and would like to congratulate all at HNBA and HNBGI led by the top team, for their outstanding contribution in achieving many ground breaking milestones during the year. My heartfelt gratitude goes out to my team at HNB who are felicitated tonight for their continuous support and the efforts made under challenging conditions. HNB is the only systemically important bank in Sri Lanka with a meaningful presence in both life and general insurance. Given the low insurance penetration levels in the country and the strong presence of the bank, there’s a great opportunity for us to drive both life and general insurance business and add value to the customers of the entire group. I look forward to your continuous support and dedication as always, in navigating through turbulent times and achieving greater heights”. Sharing her words Mrs. Cooray stated “I sincerely wish to acknowledge the tireless efforts of the Bank, the two Insurance Companies as well as of the network and leadership teams, and I am confident this will be a rewarding night for all of them. This high-spirited gathering is ample testimony of teamwork, bringing us together today to show solidarity in the captivating drive and motivation of these team players. The Group has maintained top tier performance in the past years, taking it over to 2020 having managed to strategically turn away the challenges posed by the Pandemic. With this very triumphant emergence, we are poised to grow well over the coming year, and I request all Branch Managers to extend their fullest support and continue efforts with vigor”. Mr. Prasantha Fernando shared his thoughts stating, “Today’s commemoration brings together achievers from every corner of Sri Lanka setting stage to celebrate the exceptional performance, and the relationship the Group has cultivated over the years. This strong bond has led HNB, HNBA and HNBGI to grow as leaders in highly competitive markets, also thanks to farsighted leadership, and especially the invaluable input of Corporate Management and Network Management Teams. Whilst extending my heartiest congratulations to all winners, I believe this strong support will continue leading the Companies to end this year on a very positive note”. HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies 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 Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNB General Insurance has been assigned a ‘National Insurer Financial Strength Rating’ of ‘’A’’ (lka) by Fitch Ratings Lanka Limited. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence including the Great Place to Work® Certification, and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka.
Jun
HNB Assurance Group (HNB Assurance and HNB General Insurance) delivered an outstanding performance in the first quarter of 2025, continuing its growth momentum and building on the success achieved in the previous year. The Group reported LKR 8 billion in GWP (Gross Written Premium): a 30% increase when compared to the same period last year and paid LKR 1.7 billion in Net Insurance Benefits and Claims during the first three months of 2025.“Our focus has always been simple, grow our reach and give more value to our customers,” stated Mr. Stuart Chapman, Chairman of HNB Assurance and HNB General Insurance. “We have seen this approach really work for us, helping us stay competitive and continue the incredible growth we have maintained over the past several years. Whilst the Group’s GWP grew by an impressive 30%, the bottom line too grew by 28% to surpass the LKR 300 million mark during the period under review. Total Assets increased by LKR 5.7 billion, bringing the total assets of the group to LKR 68.1 billion. In addition, the group’s Financial Investments rose by LKR 3 billion during the period under review. This steady and consistent progress across the board indicates we are on the right track and on a good trajectory for the years to come. Commenting on the company’s Q1 performance, HNB Assurance CEO Mr. Lasitha Wimalaratne acknowledged the team's hard work and strategic focus that contributed to these positive results. “Our Life Insurance business has continued its upward momentum, posting a Gross Written Premium of LKR 4.5 billion, a 36% increase compared to the same period last year. We are also proud to have grown our New Business Premiums by 37% and to have seen a 34% increase in long-term Endowment policies, when compared to last year.” He further highlighted the growth of the Life Insurance Fund, which surpassed LKR 41 billion in Q1, increasing by over LKR 3 billion within the quarter. Looking ahead, Mr. Wimalaratne emphasized the company’s readiness for upcoming regulatory and technological advancements. “As we gear up for the implementation of SLFRS 17 and continue to roll out our digital initiatives, we are positioning ourselves to deliver even better service to our customers while unlocking new growth opportunities.”Mr. Sithumina Jayasundara, Chief Executive Officer of HNB General Insurance, shared his thoughts on the HNBGI’s performance. “The first quarter plays a pivotal role in shaping our momentum for the year, and I’m pleased to share that we have had a strong start, where we achieved the highest growth amongst the top 10 General Insurance companies, reaching a market share of 9.1%. Our Gross Written Premium reached LKR 3.6 billion, reflecting a 23% increase against an industry growth of 2% when compared to the same period last year. While the industry showed a degrowth in the non-motor segment, we delivered a remarkable 43% upthrust, reaching LKR 2.3 billion. On the financial front, we are pleased to report that our total assets have grown to LKR 11.9 billion, a clear reflection of our sustained financial stability and prudent management. During the same period, we paid over LKR 950 million in claims, standing by our customers when they need us the most. Despite the challenging external environment, we also recorded a 12% increase in profits, an encouraging sign that our strategies are delivering results. Looking ahead, now that vehicle imports are allowed, we see new opportunities for growth in the motor segment as well and with the progress we have made so far in other segments, we are confident that there's a lot to look forward to in the future.”
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May
HNB Assurance PLC (HNBA) has once again reaffirmed its industry leadership in Bancassurance by securing the title of "Best Life Bancassurance Provider in Sri Lanka" for the fifth consecutive year, awarded by the prestigious Global Banking and Finance Review – UK. Mr. Lasitha Wimalaratne, Chief Executive Officer of HNB Assurance, expressed his thoughts on this milestone, stating, “Being named the Best Life Bancassurance Provider in Sri Lanka for the fifth year in a row is not just an honor, it is a reflection of the enduring partnerships we have built especially with our parent company Hatton National Bank along with the passion of our teams. This accolade speaks volumes of our consistent efforts to elevate standards in bancassurance. Our teams continue to innovate, collaborate and break boundaries to deliver meaningful solutions to our customers. I’d like to extend my sincere thanks to the management of Hatton National Bank and our other partners for their continued guidance and support.”Highlighting the pivotal role of the Partnership Channel, Mr. Wimalaratne further added,“As we accelerate towards our goal of capturing a 10% market share, the Partnership Channel remains central to our growth strategy. Congratulations to the teams involved, I am immensely proud of what we have accomplished and am excited about the journey ahead.”Mr. Supun Dias, Senior Vice President - Network Management at Hatton National Bank, congratulated the team at HNBA, stating, “To witness HNBA win this prestigious title for five consecutive years is truly inspiring. It is a testament to the strength and synergy of our long-standing partnership. As a Group, we are committed to driving innovation and delivering superior value to our clients. Congratulations to HNBA and everyone involved in achieving this exceptional feat.”Also sharing his thoughts, Mr. Sanesh Fernando, Chief Business Officer – Partnerships at HNB Assurance, remarked, “This milestone is the direct result of the dedication our teams and tireless efforts they have made to deliver value to our policyholders. The Partnerships team at HNBA, together with our banking partners, especially Hatton National Bank, have been instrumental in shaping this success story. I’d like to extend my sincere appreciation to the HNB Branch Management, HNB Bank Network Management along our valued customers for their trust placed on us. This fifth win reinforces our drive to deliver excellence and as we move forward we will continue to strive to reach even greater heights.
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May
Strengthening its footprint across Sri Lanka, HNB Assurance PLC officially opened its newest branch in Jaffna, located at No. 521, Point Pedro Road, Nallur. With this addition, the company now operates 11 branches in the North emphasizing the company’s ongoing efforts to bring its life insurance solutions closer to communities in the Northern Province, making protection and financial planning more accessible than ever before. The new Jaffna branch will serve as a hub for customers in the region, delivering personalized insurance services with the hallmark trust, care and professionalism the company is known for.Speaking at the branch opening, Mr. Lasitha Wimalarathne, Chief Executive Officer of HNB Assurance PLC, stated, “We are indeed excited to further strengthen our footprint in the Northern Province with the opening of this new branch in Jaffna. With multiple touchpoints already established in the region, our growing presence allows us to better serve the evolving needs of our customers and create even closer relationships with the communities we operate in. We remain dedicated to being a trusted partner in their journey towards a more secure and resilient future.”Sharing similar sentiments, Mr. Harindra Ramasinghe, Chief Business Officer – Advisor Distribution Channel of HNB Assurance PLC, commented, “With the opening of our newest branch in Jaffna, we now operate over 70 physical branches across the island and with this new branch opening we have reaffirmed our belief in the strategic importance of the Northern Province to our growth journey. We have always recognized Jaffna as a key region with immense potential and we are proud to strengthen our connection with its people. My sincere thanks to the Distribution Management team and all the other support teams for their efforts in helping us open this branch.”The newly inaugurated Jaffna branch is now open to serve customers from Monday to Friday, offering expert guidance and tailored life insurance solutions to meet diverse needs.
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