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Lolc General Insurance Plc (Sri Lanka)

Main Activities: Other Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Lolc General 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

The Company is engaged in Non-Life lnsurance businesses. The Company is aim to help our customers understand and manage the risks they face, be it individual, family or business. We work hard to offer our customers a range of products and services coupled with expert support. Our solutions assure protection against numerous risks and support all classes of products in the General Insurance space. We are also supported by a strong line-up of “A” rated reinsurers who are the backbone of our technical strength.
The Company is a fully owned subsidiary of LOLC Holdings PLC which is one of Sri Lanka's largest and most diversified conglomerates.
-2011: The Company was incorporated on September 20, 2011 and domiciled in Sri Lanka.
-2021:
The Company was listed on Colombo Stock Exchange on December 31, 2021.
The Company s registration number was changed from PB 4823 to PQ 00251202 on December 31, 2021.
-2022: The Company name was changed from LOLC GENERAL INSURANCE LTD to LOLC GENERAL INSURANCE PLC on January 4, 2022.

Headquarters
100/1 Sri Jayawardenapura Mawatha, Rajagiriya
Colombo; Western Province;

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Website: http://www.lolcgeneral.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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Chairman
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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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1.41%
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0.18%
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0.15%
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0.15%
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0.11%
Company Performance
Financial values in the chart are available after Lolc General 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
17.86%
Operating profit (EBIT)
-42.46%
Net Profit (Loss) for the Period
-47.84%
Total assets
50.2%
Investments
38.83%
Receivables
32.94%
Total equity
92.26%
Net Premiums Earned Trend
-9.41%
Net Profit Trend
N/A
Return on Equity (ROE)
-24.06%
Loss Ratio
-17.8%
Underwriting Expenses Ratio
3.55%

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