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Hnb Assurance Plc (Sri Lanka)

Main Activities: Agencies, Brokerages, and Other Insurance Related Activities
Full name: Hnb Assurance Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

HNB Assurance PLC provides general and life insurance products and services in Sri Lanka. The products include fire, marine, motor, miscellaneous, travel, house, medical, and title insurance products. The company also provides life insurance products for youth and children, and term assurance and mortgage protection policies. In addition, the company offers commercial insurance products, including insurance for burglary, legal/ public liability, plate glass/sign boards, personal accident, workmen’s compensation, money, property, goods in transit, fidelity guarantee, professional indemnity, and product liability. HNB Assurance PLC operates through 47 branches of insurance advisors and brokers in Sri Lanka. The company was founded in 2001 and is headquartered in Colombo, Sri Lanka. HNB Assurance PLC is a subsidiary of Hatton National Bank PLC.

Headquarters
No.479, T B Jayah Mawatha
Colombo; Western Province; Postal Code: 10

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Website: http://www.hnbassurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2001
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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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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2.62%
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1.09%
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0.97%
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0.92%
Subsidiaries
Hnb General Insurance Limited
Company Performance
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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
19.96%
Operating profit (EBIT)
-86.35%
Net Profit (Loss) for the Period
-3.6%
Total assets
24.74%
Investments
74.85%
Receivables
12.25%
Total equity
31.78%
Net Premiums Earned Trend
-1.72%
Net Profit Trend
N/A
Return on Equity (ROE)
-6.3%
Loss Ratio
0.17%
Underwriting Expenses Ratio
3.88%

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