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Co-Operative Insurance Company Plc (Sri Lanka)

Main Activities: Insurance Agencies and Brokerages
Full name: Co-Operative Insurance Company Plc Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is engaged in Life and Non-Life insurance business. The Company provides general insurance solutions for both individual and corporate customers Insurance other than life Insurance fails under the category of general insurance Fire motor, marine and miscellaneous insurance are triemain caragories under general insurance.
The Company is one of the leading insurers who provides Innovative insurance solutions covering across all lines of businesses as the third largest network in Sri Lanka.
-1997: The Company was incorporated in Srilanka on August 11, 1997.
-2008: The Company was reregistered on December 31, 2008.
-2015: The Company was licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL) to carryon General Insurance business with effect from January 1, 2015.
-2021: The Company was listed on Colmbo Stock Exchange on December 30, 2021.
-2022: The Company name was changed from Co-operative Insurance Company LTD to Co-operative Insurance Company PLC on March 24, 2022.

Headquarters
74/5, Grandpass Road
Colombo; Western Province; Postal Code: 14

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Website: http://www.ci.lk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1997
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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13.13%
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8.53%
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6.38%
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6.29%
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5.51%
Subsidiaries
Coopinsu Training Academy Pvt Ltd
Cooplife Insurance Limited
Company Performance
Financial values in the chart are available after Co-Operative Insurance Company Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-10.4%
Operating profit (EBIT)
97.63%
Net Profit (Loss) for the Period
111.37%
Total assets
11.33%
Receivables
19.69%
Total equity
1.38%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
1.69%
Loss Ratio
8.57%
Underwriting Expenses Ratio
3.29%

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