Eagle reported a consolidated revenue of Rs 2,201 million, which is a 17% growth over the corresponding period of 2005.
- Reports a consolidated revenue of Rs 2,201 million
- Non-life gross written premiums grew by 19%
- Life gross written premiums grew by 18%
Eagle reported a consolidated revenue of Rs 2,201 million, which is a 17% growth over the corresponding period of 2005. The total gross written premium income of Rs 2,084 million recorded a growth of 18% over the corresponding period of 2005. Non-life gross written premiums grew by 19% and life gross written premiums grew by 18%.
Profit before tax reported as Rs 59 million. Profit before tax recorded for non-life was Rs 49.5 million. The profits reported have seen a drop as compared to 2005 due to higher non-life claims this year.
Commenting on the company’s achievement managing director, Deepal Sooriyaarachchi said: “Our first-half results are satisfactory and the business strategies are in place to enhance distribution effectiveness, facilitated through focused capability development.”
Encouraging Deepal Sooriyaarachchi and the Eagle team, Grant Barrans, Chairman Eagle Insurance, said: “We have aggressive growth plans in the Sri Lankan market this year and feel we are well positioned for a profitable growth.”
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For further information, please contact:
Nishanthi Gunawardena
Telephone: 0112310078
Notes to editors:
Eagle Insurance is an Aviva company. Aviva is the world’s oldest insurance group, with a history dating back 300 years to 1696. Today it is the world's sixth-largest insurance group and the biggest in the UK. The group has 60,000 employees serving 30 million customers in over 25 countries with more than Ł290 billion assets under management.