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26 May 2016


Amana Takaful Life outperforms industry with impressive 35% GWP growth in 2015

Amana Takaful Life Limited (ATLL) has concluded its first complete financial year post-segregation on a high note, outperforming the local life insurance industry with an impressive growth in Gross Written Premium (GWP).
ATLL recorded a GWP of LKR 928 million in the financial year ending 31stDecember 2015, thereby achieving a significant 35% growth year-on-year (YoY), outperforming the industry, which grew at 20%. Significantly, this is the third consecutive year in which the company has grown ahead of the industry. Amana Takaful Life recorded a profit of LKR 18 million, in its first year of operations, despite pressure from increased post-segregation costs and lower yields on investment income.
Amana Takaful Life was spun off from Amana Takaful PLC as part of an industry wide regulatory directive and is the successor of Amana Takaful PLC’s life business portfolio. The company is a fully-owned subsidiary of Amana Takaful PLC.

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