Sri Lanka Insurance posts record Rs.8.2bn profit before tax
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Sri Lanka, July 1 -- Sri Lanka Insurance (SLI) at the recently held Annual General Meeting declared that the company has closed year 2019 in a positive note recording a phenomenal growth with exceptional service innovations.
SLI recorded stellar performance in 2019 to record 15 percent growth in profit before taxation (PBT) reaching Rs.8.2 billion for the year, a marked improvement on the Rs.7.1 billion in the year 2018.
In the year of 2019 SLI reported 12 percent growth in life insurance premium increasing to Rs.14.8 billion whilst general insurance premium grew to Rs.18.9 billion.
The company achieved a combined Gross Written Premium (GWP) growth rate of 6.5 percent during the year. General insurance contributed 56 percent towards th...
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