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Sri Lanka’s Ceylinco Insurance net up 55-pct

May 15, 2013 (LBO) - Sri Lanka's Ceylinco Insurance, the island's largest insurer by written premium said net profits rose 55 percent to 326 million rupees in the March 2013 quarter, from a year earlier.
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The firm reported earnings of 12.37 rupees per share.

Group gross written premium rose 10 percent to 6.

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0 billion rupees in the quarter from a year earlier, net premium after re-insurance rose 9 percent to 815 million rupees.

Benefits, losses and expenses rose 15 percent to 4.

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9 billion rupees.

Investment and other income rose 43 percent to 1.



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7 billion rupees.

Group assets rose to 79 billion rupees in the by end March 2013 from 73 billion rupees in December.



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Net assets rose to 14.2 billion rupees from 13.8 billion rupees.

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