gossip vilanguwa, Gossip King, gossipking lk, gossip king gosip, gossip king reaport, gossip king, gosssip time, gossip srilanka, gossip kings, nethfmvilanguwa
lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion

Advertisement

Paid Ads - gossip vilanguwa

lanka fashion

Srilankan fathers and daughter story

02 October 2015

Fitch Affirms Sri Lanka Insurance Corporation at IFS ‘BB-’/Stable
Fitch Affirms Sri Lanka Insurance Corporation at IFS ‘BB-’/StableFitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength rating (IFS) at ‘BB-’ with a Stable Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with Stable Outlook.
KEY RATING DRIVERS
SLIC’s ratings reflect its well-established franchise and market position in Sri Lanka, 99.9% state ownership, and its importance to the government as the largest state-owned insurer.
SLIC’s profit retention dropped to 38% in 2014 (2013: 78%) due to higher dividends to the government. In 2014, total comprehensive income increased to LKR14.9bn (2013: LKR7.5bn) driven mainly by fair-value gains in available-for-sale financial assets (LKR11.2bn in 2014 and LKR2.8bn in 2013). Net profit in the non-life segment dropped to LKR1.65bn in 2014 (2013: 2.9bn) due to poor underwriting results. This stemmed mainly from a one-time increase in provisions for third-party motor claims.

Photo Gallery


lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion lanka fashion