Union Assurance PLC 2024 IR
The report highlights Union Assurance PLC's performance for the fiscal year 2024, during which the company achieved a 15% growth in Gross Written Premium (GWP) to Rs. 21.6 billion and crossed Rs. 100 billion in total assets. The company declared a 12% policyholder dividend for its Universal Life products and expanded its distribution network by opening 10 new branches. Union Assurance also advanced its digital transformation by launching an industry-first financial underwriting automation system and a digital loyalty rewards program within its Clicklife app. Additionally, the company touched over 12,000 lives through its flagship 'Suwamaga' diabetes prevention program.
Company: Union Assurance PLC
Sector: Financials
Country: Sri Lanka
Year: 2024
Type: IR
Pages: 365
Union Assurance PLC
Annual Report
The report highlights Union Assurance PLC's performance for the fiscal year 2024, during which the company achieved a 15% growth in Gross Written Premium (GWP) to Rs. 21.6 billion and crossed Rs. 100 billion in total assets. The company declared a 12% policyholder dividend for its Universal Life products and expanded its distribution network by opening 10 new branches. Union Assurance also advanced its digital transformation by launching an industry-first financial underwriting automation system and a digital loyalty rewards program within its Clicklife app. Additionally, the company touched over 12,000 lives through its flagship 'Suwamaga' diabetes prevention program.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Employees