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HNB Assurance PLC opens the market at CSE to celebrate S&P SL 20 Entry

HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) today. The  ceremony  was organized to  celebrate the inclusion  of HNB  Assurance PLC in the S&P SL20 Index following 2019 the mid-year index review.  Chairperson   Ms. Rose   Cooray,   Managing   Director/CEO   Mr.   Deepthi   Lokuarachchi, Director  Dr.  Sivakumar  Selliah,Chief  Operating  Officer  Mr.  Prasantha  Fernando  andBoard  Secretary  Ms.  Sitari  Jayasundarafrom  HNB  Assurance  PLC  were  present  at the event while the CSE was represented by ChairmanMr. Ray Abeywardena, DirectorMr. Shanil  Fernando,CEO  Mr. Rajeeva  Bandaranaike  and  the  Senior  Management  of  the Exchange. CEOof  CSE Mr.  Rajeeva  Bandaranaikespeaking  at  the  ceremony congratulated  the company’s  leadership  on  achieving  the  capital  market  milestone.  “A  public  listing alone is often considered as a milestone in a company’s lifecycle. Inclusion in an index that features  the  leading  stocks  listed  on  any  exchange  around  the  world,  is  an achievement.HNB  Assurance  PLC  joins  an  exclusive  group  of  companies  that  are among  the  top  20  companies  in  terms  of  market  liquidity  and  frequency  of  trading  at the exchange.” Managing Director/CEOof  HNB  AssurancePLCand  HNB  General  LimitedMr.  Deepthi Lokuarachchicommenting at  the  ceremony  stated  that  the  management  and  the Board  are  happy  and  proud  of  this  achievement. Mr.  Lokuarachchi  also said“Asa company we are a strong outfit organizing and mobilizing all our resourcesandgiving the  maximum  shareholder  value  and  value  creation  to  them. Weare  committed  to growing our business, and continue to be a very strong stock for our shareholders.” HNB Assurance PLC (HNBA) is the one of the fastest growing Insurance Companies in Sri  Lanka  with  a  network  of  59  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  Insurer  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  isa  fully  owned  subsidiary  of  HNB  Assurance  PLC.  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  and  also  won  many  awards  for  its  Annual  Reports  at  the  Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).The S&P SL 20 index has been designed in accordance with international practices and standards.All  stocks  are  classified  according  to  the  Global  Industry  Classification  Standard (GICS®), which wasCo-developed  by  S&P  Dow  Jones  Indices  and  MSCI  and  is  widely  used  by  market participantsthroughout the world.

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27

Aug

HNB Assurance amongst Sri Lanka’s 10 Most Outstanding Women-Friendly Workplaces once again

HNB Assurance PLC (HNBA), one of Sri Lanka’s leading life insurance providers, has once again been honoured as one of the nation’s most outstanding women-friendly workplaces at the 2025 Satynmag Women Friendly Workplace Awards. This accolade, which marks the fourth such recognition for HNBA, underscores the organisation’s enduring dedication to creating an inclusive, progressive and empowering work environment for women across all levels of the company.The Women Friendly Workplace Awards are designed to spotlight corporations that actively promote gender equity, cultivate inclusive leadership, and champion the advancement of women within the corporate sphere. In receiving this recognition year after year, HNB Assurance continues to demonstrate that its policies and practices are not only consistent but also continuously evolving to meet the changing needs of a modern workforce.“At HNB Assurance, we believe that an enlightened workplace is one where every individual, and especially women, feel empowered to grow, contribute and innovate,” said Mr. Lasitha Wimalaratne, Executive Director / CEO of HNB Assurance. “This recognition reflects not only our dedication to embedding best-in-class HR practices, but also our conviction that true organisational strength is forged through women-friendly policies, inclusive leadership, equitable opportunity and a culture that celebrates and cultivates excellence. My sincere thanks to Satynmag for this recognition. We are honoured to be recognised as a women-friendly workplace and remain steadfast in our commitment to setting new benchmarks for empowering women in Sri Lanka.HNBA’s Head of Human Resources / DGM, Mr. Navin Rupasinghe, reflected on the achievement stating “Over the years, we have introduced a series of targeted initiatives from wellbeing programmes and leadership mentoring to structured training and responsive grievance mechanisms which go beyond symbolic gestures and instead create a tangible impact in the everyday professional lives of our employees. Winning this accolade for the fourth time assures us that these interventions are not only appreciated externally, but are also deeply resonant internally, helping us to build trust and loyalty across the organisation. I wish to extend my sincere gratitude to the in.she committee, whose contributions have been pivotal in translating our vision into meaningful action, and who continue to drive the progress that we are proud to celebrate today.”

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27

Aug

HNB Assurance Crowned Best Life Insurance Company by Global Brands Magazine

HNB Assurance PLC, one of Sri Lanka’s fastest-growing insurance providers, has been recognized as the Best Life Insurance Company – Sri Lanka 2024 by Global Brands Magazine, UK. This international accolade emphasizes HNBA’s position as a strong player within the life insurance sector, continuously raising the bar in customer experience, innovation and industry excellence.Throughout the year, HNBA has been celebrated with numerous local and international accolades, including being named the Insurance Sector Winner at the National Business Excellence Awards and Runner-up for Excellence in Local Market Reach (National Level). The Company has also been recognized as the Best Life Bancassurance Provider by the Global Banking and Finance Review for five consecutive years, listed among the top 40 Best Workplaces in Sri Lanka and ranked 09th among large scale work places by Great Place to Work, honored as Sri Lanka’s Most Outstanding Women Friendly Workplace 2024 and acknowledged as a Company with Great Managers.These recognitions highlight the balance of HNBA’s focus on business performance, the strength of its people, and a culture that empowers growth, the very foundations that have made the Company one of the strongest and most respected players in the insurance industry today.Speaking about the award, Mr. Lasitha Wimalarathne, Executive Director / Chief Executive Officer of HNB Assurance, stated, “Being recognized as the Best Life Insurance Company by Global Brands Magazine is an honor, as this award validates the collective efforts of our dedicated team and our commitment to protecting the dreams and aspirations of our policyholders. Our journey of growth and recognition is driven by a simple principle, keeping our customers at the heart of everything we do, while embracing innovation and building trust across every interaction. Our strong financial performance reflects this and gives us the confidence to expand further in delivering meaningful protection to all Sri Lankans. My sincere thanks to the Global Brands Magazine for this recognition and I dedicate this award to every single person who is a part of the HNBA family.”

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27

Aug

HNB Assurance Group Reports Exceptional Financial Performance for Q2 with 30% Growth

HNB Assurance PLC (HNBA) and its subsidiary, HNB General Insurance Ltd (HNBGI), have delivered exceptional financial results for Q2 2025, reinforcing their strong market position while showing robust growth across key metrics and reinforcing its solid position in the market.For the first six months of 2025, the Group’s Gross Written Premium (GWP) rose 30% to Rs. 14.3 billion from Rs. 10.9 billion in 2024. Profit After Tax (PAT) increased 10% to Rs. 519 million (excluding Life Insurance Surplus Transfer), while total assets reached Rs. 70.2 billion, up from Rs. 62.4 billion a year earlier. Investment income climbed 6% to Rs. 4.0 billion. The Group honored Rs. 3.8 billion in net claims and benefits, a 15% increase, reflecting its strong policyholder commitment. Assets Under Management (AUM) grew to Rs. 61 billion, and Basic Earnings Per Share (EPS) rose to Rs. 3.46 from Rs. 3.16.“Our strategy has always been straightforward, expand our footprint while delivering greater value to our customers and strive to be consistent at it,” said Mr. Stuart Chapman, Chairman of HNB Assurance and HNB General Insurance. “This focus has enabled us to strengthen our position in the market and sustain the strong momentum we have built over the years, positioning us well for the future in order to generate value for all our stakeholders.”HNB Assurance PLC recorded a 35% GWP increase to Rs. 8.6 billion in Q2 2025 from Rs. 6.4 billion in Q2 2024. PAT for the life business grew 17% to Rs. 428 million (excluding Life Insurance Surplus Transfer). The Life Fund expanded to Rs. 44.1 billion from Rs. 35.2 billion, underscoring long-term stability. Net Claims and benefits incurred rose 33% to Rs. 1.9 billion from Rs. 1.4 billion, and investment income increased 8% to Rs. 3.6 billion.“Our strategic focus on expanding our product offerings and enhancing customer service has yielded impressive results,” said Lasitha Wimalaratne, Executive Director/CEO of HNB Assurance PLC. “The double-digit growth in our GWP and Life Fund, coupled with a significant increase in claims paid, demonstrates our commitment to our customers and our strong financial foundation.”HNB General Insurance Ltd (HNBGI) achieved Rs. 5.6 billion in GWP for the six months, a 23% increase from 2024, and settled claims worth Rs. 2.1 billion. The company’s total growth of 23% more than doubled the industry average which was at 11%. Its non-motor portfolio delivered the highest industry growth at 35% versus 4% sector growth, driven by the fire and engineering segment which posted an exceptional 49% growth against the industry’s 4%.“Our ability to stay ahead of the industry comes down to two things, the dedication of our people and the strength of our business model, which is to staying closely aligned to emerging trends and other developments taking place within the General Insurance industry,” said Sithumina Jayasundara, Executive Director/CEO of HNB General Insurance. “We have seen strong growth in our GWP, managed our contract liabilities wisely and delivered a healthy boost in profits. Additionally, this quarter was extra special with the launch of HNBGI NEXA, our AI-powered chatbot, a clear indication that as we are getting bigger, we are getting better.”

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