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Arpico Insurance Plc (Sri Lanka)

Main Activities: Insurance Carriers
Full name: Arpico Insurance Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Arpico Insurance Plc is a prominent and respected life insurance company located in Colombo, Sri Lanka. It was incorporated in 2011 and is regulated by the Insurance Regulatory Commission of Sri Lanka. Arpico Insurance offers a wide range of world-class insurance solutions, including endowment, health insurance, term assurance, education, retirement, investment, group assurance, and loan protection. As a subsidiary of Richard Pieris & Company PLC, Arpico Insurance benefits from the support and resources of one of the largest and most successful diversified business conglomerates in Sri Lanka. The company has a history of almost 90 years, with 50 subsidiary companies and 30,000 employees. Arpico Insurance is known for its commitment to serving with integrity, compassion, and professionalism. It has built a reputation as the most innovative insurance company in Sri Lanka, utilizing industry best practices, cutting-edge technology, and innovation. The company has received numerous accolades, including being named the "Most Successful Life Insurance Company in Sri Lanka" for 2018 and the "Most Trusted Life Insurance Brand in Sri Lanka" for 2019 by Global Brands Magazine. It has also been recognized as the "Fastest Growing Life Insurance Company in Sri Lanka" for both 2017 and 2018 and the "Best Life Insurance Company for Innovation in Sri Lanka" for 2020 by Global Banking & Finance Review Awards. Arpico Insurance is driven by a group of dynamic and experienced professionals who strive for excellence. The company has established partnerships with global industry giants such as Munich Re and continues to expand its geographical footprint, product, and service portfolio. Arpico Insurance takes pride in being the only life insurance company in Sri Lanka that remains committed to providing insurance for the living. It has received prestigious international awards for trust, growth, success, risk management, and innovation in the life insurance industry of Sri Lanka.

Headquarters
55/20, Vauxhall Lane
Colombo; Western Province; Postal Code: 02

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Website: http://www.arpicoinsurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Chief Executive Officer
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Director/Member of the Board
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Outside Director
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Outside Director
Ownership Details
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2.41%
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1.5%
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0.38%
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0.29%
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0.23%
Company Performance
Financial values in the chart are available after Arpico Insurance 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
1.4%
Operating profit (EBIT)
27.77%
Net Profit (Loss) for the Period
31.54%
Total assets
0.44%
Receivables
-20.71%
Total equity
8.61%
Net Premiums Earned Trend
N/A
Net Profit Trend
-680.9%
Return on Equity (ROE)
1.44%
Loss Ratio
-35.72%
Underwriting Expenses Ratio
-29.59%

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