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Sanasa Life Insurance Company Plc (Sri Lanka)

Main Activities: Direct Life Insurance Carriers
Full name: Sanasa Life 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 Insurance sector. The Company is involved in providing life solutions for both individual and corporate customers. Life insurance is a protection against financial losses that would result from an insured event adversely affecting the insured In such situations, the nominated beneficiary receives the proceeds and is there by safe guarded from financial impacts of the insured event. the benefit paid by the life insurer is consideraion for premium payments made by the insurered.
-2002: The Company was incorporated under the Companies Act No.17 of 1982 in Srilanka named as Lanka Mutual Assurance Organization Limited on November 20, 2002.
-2004: The Company s name was changed from Lanka Mutual Assurance Organization Limited to Seemasahitha Sanasa Almao Rakshana Samagama on October 20, 2004.
-2006: The Company s name was changed from Seemasahitha Sanasa Almao Rakshana Samagama to Seemasahitha Sanasa Rakshana Samagama on February 21, 2006.
-2019: The Company s name was changed from Seemasahitha Sanasa Rakshana Samagama to Sanasa Life Insurance Company Limited on June 20, 2019.
-2021:
The Company was listed on Colombo Stock Exchange on August 11, 2021.
The Company s name was changed from Sanasa Life Insurance Company Limited to Sanasa Life Insurance Company PLC on October 27, 2021.
-2022: The Company Register was changed from PB 379 to PQ 00247201 on December 31, 2022.

Headquarters
No. 340 2/1, R. A. De Mel Mawatha
Colombo; Western Province; Postal Code: 03

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Website: http://www.sicl.lk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2002
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Chief Operating Officer
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Managing Director
Ownership Details
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19.1%
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10.5%
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8.4%
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7.3%
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6.3%
Subsidiaries
Sanasa Media Networks (Private) Limited
91%
Sanasa General Insurance Company Limited
60.15%
Kelani Tyres Plc
0.53%
Company Performance
Financial values in the chart are available after Sanasa Life 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
98.22%
Operating profit (EBIT)
241.13%
Net Profit (Loss) for the Period
287.22%
Total assets
42.33%
Investments
91.3%
Receivables
50.38%
Total equity
51.82%
Net Premiums Earned Trend
8.79%
Net Profit Trend
-131.46%
Return on Equity (ROE)
7.73%
Loss Ratio
-3.91%
Underwriting Expenses Ratio
-18.91%

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