Ceylinco Insurance honoured by numerous independent business indices | Daily News

Ceylinco Insurance honoured by numerous independent business indices

Included in the S & P Sri Lanka 20 index on CSE
Ajith Gunawardena, Managing Director / CEO of Ceylinco Insurance PLC addressing the gathering at the Business Today Top 30 Awards Ceremony
Ajith Gunawardena, Managing Director / CEO of Ceylinco Insurance PLC addressing the gathering at the Business Today Top 30 Awards Ceremony

Ceylinco Insurance PLC was honoured as Sri Lanka’s leading insurer by several independent business ranking organizations recently.

The LMD 100 listing announced in December 2018 placed Ceylinco Insurance in the 23rd position among all listed companies in the island. Ceylinco Insurance reiterated its position as the highest ranked insurance company in Sri Lanka for the 25th consecutive year. Since the inception of the LMD ranking, Ceylinco Insurance has maintained its supremacy by occupying the top position among insurance companies.

In June, the Colombo Stock Exchange announced the inclusion of Ceylinco Insurance PLC in its S&P SL 20 index, which includes the 20 largest companies by total market capitalization, listed on the Colombo Stock Exchange that meet minimum size, liquidity and financial viability thresholds.

Once again, for the sixth consecutive year, Ceylinco Insurance earned the honour of being the only insurance company amongst the ‘Business Today Top 30’ companies in Sri Lanka.

As announced in its edition for 2017/18, Ceylinco Insurance moved up the corporate ladder to the 7th position, achieving a truly unique feat.

According to Business Today, financial information reviewed for the selection process covered several aspects which included revenue, share turnover, profit after tax, growth in turnover, growth in profit, return on equity, growth in earnings per share, market capitalization, value of shares transacted and value additions.

Ajith Gunawardena, Managing Director / CEO of Ceylinco Insurance PLC said “We feel a humble pride as we have been recognized not only on one occasion but many. We extend our deep gratitude to all our customers, shareholders and other stakeholders for their loyalty and for the confidence placed in us. We always encourage our employees continually to develop and implement innovative new approaches.”

 


 

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