HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) depicted a continuous growth momentum posting a Profit After Tax (PAT) of LKR 288 MN for the second quarter of 2019 being in line with the business and profit forecast. The Group recorded a Gross Written Premium (GWP) of LKR 4.7 BN against a GWP of LKR 4.2 recorded in 2018, reflecting a growth of 12%.
Speaking on the performance of the Group, Chairperson of HNBA and HNBGI Mrs. Rose Cooray stated “amidst increasing challenges in the external environment, HNBA has held a firm stand within the industry, through the year of 2019, delivering a noteworthy topline growth and steady improvement in the profitability of the group. Profits of Life Insurance segments grew by 15% excluding the one-off surplus and surplus transfers recorded the previous year, while the profitability of General Insurance segment grew by 61% compared to the same period of 2018. The Group is equipped with a clear motive for continuous improvement and looks forward to leverage confidence in maintaining this profits momentum, delivering attractive returns to shareholders”. Speaking further, Mrs. Cooray added, “Reaching another significant milestone and reaffirming the robust financial strength, HNBA was included in the S&P Sri Lanka 20 index recently. The strategies of the Group remain sharp and effective, thus bears great potential of reaching new heights in terms of business expansion, innovation and new product development within both, Life and General Insurance businesses”.
Expressing his views, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated, “it is without a doubt that the well-focused strategies and collective efforts led way through to the deliverance of affirmative results despite many challenging conditions. Constituents made key, predominant focus on our set goals are being successfully achieved and en route towards overtaking”. Sharing his views on the financial performance, Mr. Lokuarachchi added, “the Life Insurance business showcased a steady and stable growth momentum as before and well over the consolidated growth achieved by the Life Insurance sector in the country. The General Insurance business comprising of segments such as Motor and Fire projected significant results amidst a challenging environment”. He further stated, “total assets of the Group surpassed LKR 24 BN and the investments in financial instruments surpassed LKR 19 BN. The Life and General Insurance Funds reached values of LKR 13.5 BN and LKR 2.7 BN respectively. The Group remains well positioned in its differentiated portfolios and the Management wields confidence about the Group’s future outlook whilst looking forward to seizing new opportunities and expanding its footprint”.
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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Nov
HNB Assurance PLC has entered into a strategic partnership with Dialog Finance PLC, a pioneer in digital financial solutions, to further enhance its digital payment infrastructure and accelerate its journey towards achieving 100% digital premium collection.This collaboration marks a significant milestone in HNB Assurance’s digital transformation journey, reflecting the company’s continuous commitment to improving customer convenience, operational efficiency and financial inclusivity. By integrating Dialog Finance’s advanced Genie Business platform, which includes Payment Links and Internet Payment Gateway (IPG) services, HNB Assurance aims to streamline its premium collection process and redefine how customers interact with insurance services.Through these solutions, customers will now be able to make payments effortlessly and securely, either through personalized payment links shared by HNB Assurance or via secure online gateways. This eliminates the need for manual or in-person transactions, ensuring instant payment acknowledgments, and offers customers a faster, safer, and more convenient experience.This partnership leveraging innovation and technology not only strengthens the technological backbone of HNB Assurance’s payment ecosystem but also align with the company’s long-term vision of becoming a fully digital insurer, offering end-to-end solutions that meet the evolving needs of modern customers.
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