OVERVIEW
36 Years of trust, protection and promise
Financial Highlights
Results for the Year
Position at the Year End
Per Ordinary Share
Ratios
Capital Adequacy
Capital Adequacy
Year Ended 31 December – Results Summary
| 2024 (Rs.'000) | 2023 (Rs.'000) | % Change | |
|---|---|---|---|
| Results for the Year | |||
| Gross Written Premium | 37,140,416 | 33,411,394 | 11.16% |
| Net Claims / Net Benefits | 25,048,619 | 23,135,049 | 8.27% |
| Increase in Long Term Insurance Fund | 23,051,748 | 23,015,741 | 0.16% |
| Investments and Other Income | 28,408,237 | 27,991,107 | 1.49% |
| Shareholder Transfer | 3,006,999 | 1,977,222 | 52.08% |
| Profit Before Taxation | 10,052,081 | 8,439,753 | 19.10% |
| Profit After Taxation | 7,071,487 | 5,801,833 | 21.88% |
| Position at the Year End | |||
| Shareholder's Equity | 60,745,459 | 54,373,319 | 11.72% |
| Long Term Insurance Fund | 180,895,714 | 157,537,917 | 14.83% |
| Investments | 222,508,618 | 198,100,449 | 12.32% |
| Total Assets | 251,437,154 | 224,746,298 | 11.88% |
| Per Ordinary Share | |||
| Earnings (Basic) | 141.43 | 116.04 | 21.88% |
| Final Dividends - Proposed | 17.70 | 15.00 | 18.00% |
| Final Dividends - Paid | 15.00 | 15.75 | (4.77) |
| Net Asset Per Share | 1,214.91 | 1,087.47 | 11.72% |
| Ratios | |||
| Return on Total Assets % | 2.81% | 2.58% | 8.95% |
| Return on Equity % | 11.64% | 10.67% | 9.10% |
| Dividend Cover on Proposed Dividend (Times) | 7.99 | 7.74 | 3.29 |
| Dividend Payout Ratio on Proposed Dividend % | 12.52% | 12.93% | (3.19)% |
| Capital Adequacy | |||
| Total Available Capital (TAC) (Rs. Mn) | 100,833 | 90,077 | 11.94% |
| Risk Based Capital Requirement (RCR) (Rs. Mn) | 22,496 | 26,174 | (14.05) |
| Risk-based Capital Adequacy Ratio (CAR) | 448% | 344% | 30.24 |
| Minimum CAR (%) Required by Regulator | 120% | 120% |