Srilanka, Feb. 24 -- HNB Assurance Group (HNBA and HNBGI) posted yet another year of remarkable performance, improving on its impressive growth rate maintained over the last few years.

For the financial year 2024, the HNBA group achieved a 21 percent increase in gross written premium (GWP), growing from Rs.18.8 billion to Rs.22.7 billion. The group also recorded a consolidated profit after tax (PAT) exceeding Rs.1.8 billion, marking a 7 percent growth compared to the previous year.

HNBA Group Chairman Stuart Chapman stated, "Our share price growth of 42 percent at end of 2024 reflects the trust the market places in our stability. It is also remarkable to note that both HNBA and HNBGI have maintained robust capital adequacy ratios of 3...