HNBA News

HNB Assurance recently held its New Year Business Launch for 2025, celebrating the outstanding progress of its Advisor Distribution Channel throughout 2024. The event served as a platform to honor high-performing managers while reflecting on key achievements from the past year. Among these notable accomplishments were a remarkable 23% growth in New Business Premiums (NBP) and an exceptional performance in Gross Written Premiums (GWP), which exceeded 6 billion LKR. 

Addressing the forum, Mr. Lasitha Wimalaratne, CEO of HNB Assurance, stated, “2024 was a fantastic year for us. Our growth in NBP and GWP shows how committed and capable our Advisor Distribution team is. These achievements motivate us to keep pushing boundaries and set new benchmarks in delivering exceptional customer-centric solutions and services.”

Touching upon the company’s goal of reaching a 10% market share by 2026, Mr. Wimalaratne urged the team to focus on embracing technology, driving innovation and putting customers at the heart of everything they do. “As we step into 2025, we need to operate with empathy and care, because at the end of the day, we are not just selling a product, we are delivering a promise of protection and peace of mind. This will help us build trust and by earning trust and endorsement through our actions and commitment, we can strengthen our relationship and build long-term loyalty with our policyholders. Let me assure you that this mindset, combined with our ability to adapt and innovate, will enable us to sustain and accelerate the incredible growth we have maintained in recent years.”

The event also celebrated the efforts of the Sales Training and Development team and branch-level managers for helping the company achieve MDRT qualifiers, including Court of the Table (COT) and Top of the Table (TOT) winners.

Mr. Harindra Ramasinghe, Chief Business Officer, Advisor Distribution Channel, sharing his thoughts at the forum, opined, “What we have accomplished over the years is not the result of an individual’s effort, but rather a testament to the power of our teamwork. Every step we take and have taken is a combined effort, which includes everyone from our SBU Heads, Zonal Managers, Regional Managers, Branch Managers, Underwriters, Training Staff and our sales team etc. Each of you play an essential role in driving our success. I would like to express my deepest gratitude to every member of the team for their hard work and contribution. As we look ahead to 2025, we are filled with excitement about the new possibilities and opportunities we have in store. A couple of weeks into the year we have already seen what we are capable of and are extremely confident in our collective strength and eager to continue deliver the best for our customers and stakeholders.”

HNB Assurance PLC (HNBA) made a significant ascent in the latest LMD 100 rankings climbing 13 places to reach rank 64, cementing its position as one of Sri Lanka's leading listed companies. Throughout the past few years, HNB Assurance has grown stronger, smarter and more united in its purpose, turning challenges into opportunities and refining every aspect of its operations.

The LMD 100 is a prestigious annual ranking that evaluates the financial and strategic performance of publicly listed companies in Sri Lanka. HNB Assurance has consistently climbed the ranks year after year in recent years, reflecting the company’s sustained growth. With 2025 underway, HNB Assurance is planning to leverage its strengths and growth momentum maintained over the past couple of years, as this year represents the penultimate step in its ambitious journey toward achieving the vision of “10% market share by 2026”, a transformative goal that aims to redefine, elevate and position the company as a trailblazer in the industry. 

Sharing his thoughts on the company’s new ranking, Mr. Lasitha Wimalarathne, Chief Executive Officer of HNB Assurance PLC, stated, "Our upward trajectory in the LMD 100 rankings reflects the collective efforts of our incredible team, the trust our customers have placed in us and our ability to adapt to the dynamic business landscape. At HNB Assurance, we remain committed to strengthening our core business, embracing innovation and delivering sustainable value to all our stakeholders."

"As we step into 2025, it is inspiring to reflect on our journey so far. By the end of Q3 2024, we achieved growth that was well above the industry average, a remarkable feat we’ve consistently maintained since 2022. This success has been driven by the exceptional efforts of our sales force both from the Advisor Distribution and Partnerships channels, alongside the support of all our teams. I must also add that our vision for ‘10 in 2026’ is not merely a corporate milestone, it embodies our broader aspiration to transform lives, uplift communities and set new benchmarks in the industry. As the countdown to this goal continues, we will maintain our growth, while continuing to stive and create a lasting impact on the lives of our policyholders.” added, Mr. Wimalaratne.

HNB Assurance PLC has once again demonstrated its excellence in corporate reporting by winning the prestigious Gold Award for the PDF Version of the Annual Report - Insurance, Life, and Health category at the 38th Annual International ARC Awards. This global accolade, recognized as the world’s largest and most prestigious competition for annual reports, showcases the company’s commitment to transparency, innovation and excellence in stakeholder communication.

Commenting on the achievement, Mr. Lasitha Wimalaratne, CEO of HNB Assurance, said, "Winning Gold at the ARC Awards is a true honor as we strive efforts to communicate our story with clarity, creativity and transparency. To be recognized on this international platform reaffirms our commitment to delivering value to all stakeholders through comprehensive and engaging reporting. This milestone would not have been possible without the efforts of our internal teams and the exceptional support of our agency partner, Emagewise Pvt Ltd. My heartfelt thanks to everyone who contributed to this outstanding accomplishment.”

Echoing similar sentiments, Mr. Sithumina Jayasundara, CEO of HNB General Insurance, added,
"This Gold Award reflects our consistent pursuit of excellence as an organization and group. It is an honor to be recognized on such a prestigious stage and this motivates us to continue pushing boundaries and setting higher standards. Our theme embodies the essence of being a dependable force, much like our companies, which has always stood as a pillar of reliability for our stakeholders. Congratulations to all who played a role in this success.”

Ms. Punsirini Perera, CFO of HNB Assurance, emphasized the importance of maintaining transparency in financial reporting, stating, "Trust is the foundation of our business. Our annual report is more than just numbers, it is a reflection of our accountability to our stakeholders. This recognition is proof that we continue to raise the bar in delivering reports that are both insightful and engaging. I extend my deepest appreciation to our teams and Emagewise for their efforts in achieving this incredible feat."