Ceylinco Insurance records after tax profit of Rs.2.1 bln for 2014

Ceylinco Insurance said that it recorded an after tax profit of Rs.2.1 billion, for the year ended 31st December 2014. A media statement by the company said that it has announced a dividend of Rs 20 per share to its shareholders for the year 2014, which is a 200 per cent dividend of the original share price.

“This is also an increase of 25 per cent, of the dividend declared in 2013.” Ceylinco Insurance statement said that the company had declared this dividend as a sign of appreciation, for the tremendous trust placed in the company by shareholders and policyholders.

"Ceylinco Insurance, during the year 2014 alone, paid Rs. 10.9 billion, as claims and benefits. The unprecedented amount of money provided in lieu of claim settlement and benefits reflect the company’s continuing commitment to ensuring timely claim settlement to all customers," it added.

Commenting on the achievement, Ajith Gunawardena, Managing Director / Chief Executive Officer of Ceylinco Insurance – General said, “This kind of record dividend was made possible by the unwavering confidence placed in us by our customers and our shareholders, whose trust we value, and our staff, who went that extra mile to ensure the company maintained the highest standards in customer care, adding value to every aspect of the level of service we deliver”.

In the performance of the Life Division, Managing Director/ CEO R. Renganathan said the company’s performance was significant in view of the varied challenges faced in 2014.