In the year to December 2011, gross written premium grew 12 percent to 20.1 billion rupees un-audited accounts filed with the Colombo Stock Exchange showed.
In the December quarter, gross written premium grew 5 percent to 5.3 billion rupees and net premium after re-insurance of 718 million grew 2 percent to 4.6 billion rupees.
Total benefits and losses grew only 1 percent to 3.5 billion rupees.
Investment income grew 12 percent to 1.23 billion rupees and other income rose to 219 million rupees from 3.6 million a year earlier.
The firm said other income included a profit of 213 million rupees on the disposal of motor vehicles in the last quarter.
Ceylinco Insurance group gross assets rose to 64.2 billion rupees up from 50.6 billion rupees and net assets rose to 10.8 billion rupees from 8.3 billion rupees during the year.The firm's largest shareholders are Ciesot (Pvt) Ltd with 22.86 percent and Global Rubber Industries with 20.17 percent. Pictet & Cie had 10.6 percent, a Ceylinco Insurance employee gratuity fund had 9.06 percent and Prabash Subasinghe 5.24 percent.