HNB Assurance PLC 2015 IR
The report highlights HNB Assurance PLC's performance for the fiscal year 2015, marking its first year of operation after segregating its Life and General Insurance businesses. The Group achieved a combined growth of 17%, recording a Gross Written Premium of Rs. 5.4 Billion. The Life Insurance segment performed commendably with a 19% growth, while the newly formed subsidiary, HNB General Insurance Limited, grew by 16%. Despite underwriting losses in the General Insurance segment due to rising motor claims, the Group maintained its Fitch rating of A (lka) for the eighth consecutive year. Additionally, the company successfully prepared for the transition to the Risk Based Capital framework.
Company: HNB Assurance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2015
Type: IR
Pages: 376
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HNB Assurance PLC
Integrated Annual Report
The report highlights HNB Assurance PLC's performance for the fiscal year 2015, marking its first year of operation after segregating its Life and General Insurance businesses. The Group achieved a combined growth of 17%, recording a Gross Written Premium of Rs. 5.4 Billion. The Life Insurance segment performed commendably with a 19% growth, while the newly formed subsidiary, HNB General Insurance Limited, grew by 16%. Despite underwriting losses in the General Insurance segment due to rising motor claims, the Group maintained its Fitch rating of A (lka) for the eighth consecutive year. Additionally, the company successfully prepared for the transition to the Risk Based Capital framework.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Employees