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Union Assurance Plc (Sri Lanka)

Main Activities: Insurance Carriers
Full name: Union Assurance Plc Profile Updated: October 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Union Assurance Plc is a leading life insurance solutions and bancassurance provider located in Colombo, Sri Lanka. The company has been operating since 1987 and is dedicated to protecting lives, empowering individuals to achieve their dreams, and providing peace of mind to thousands of Sri Lankans. Under the motto "Your life, Our strength," Union Assurance offers a range of life insurance solutions that cover areas such as investment, protection, retirement, education, health, and employment. The company is supported by a team of experienced professionals, a strong capital base, and reinsurance partnerships with highly rated global reinsurers. Union Assurance aims to provide international standard insurance products and services.

Headquarters
20, St Michael'S Road
Colombo; Western Province; Postal Code: 03

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Website: http://www.unionassurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1987
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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Director/Member of the Board
Ownership Details
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90%
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2.4%
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0.6%
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0.6%
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0.3%
Company Performance
Financial values in the chart are available after Union Assurance 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
15.22%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
8.76%
Total assets
21.35%
Investments
18.16%
Receivables
8.24%
Total equity
32.83%
Net Premiums Earned Trend
10.85%
Net Profit Trend
-95.82%
Return on Equity (ROE)
-0.53%
Loss Ratio
8.17%
Underwriting Expenses Ratio
17.02%

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