ECONOMYNEXT – Sri Lanka’s People’s Insurance said its pre-tax profits in the nine months to September was 740 million rupees, which was the highest among listed general insurance companies.
In an industry marked by fierce competition People’s Insurance showed the highest profit before tax and the best combined ratio, the statement said.
Chairman, Isuru Balpatabendi said the results showed the firms commitment and ability to navigate challenges.
Chief Executive Jeevani Kariyawasam said the operational efficiency of People’s Insurance showed the commitment to prudent financial management and all due claims were paid.
The timely payment showed a commitment to meeting shareholder needs, Kariyawasam said. (Colombo/Dec14/2023)