Ceylinco Insurance tops business indices | Page 2 | Sunday Observer

Ceylinco Insurance tops business indices

Ceylinco Insurance PLC Managing Director and CEO Ajith Gunawardena speaking at the Business Today Top 30 Awards ceremony
Ceylinco Insurance PLC Managing Director and CEO Ajith Gunawardena speaking at the Business Today Top 30 Awards ceremony

Several business ranking organisations have recognised Ceylinco Insurance PLC as Sri Lanka’s leading insurer.

The LMD 100 listing released in December 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 included Ceylinco Insurance PLC in its S and P SL 20 index, which includes the 20 largest companies by total market capitalisation, listed on the Colombo Stock Exchange that meet minimum size, liquidity and financial viability thresholds.

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

The company moved up the corporate ladder to the seventh position in the ranking. According to Business Today, financial information reviewed for the selection covered several aspects such as revenue, share turnover, profit after tax, growth in turnover, growth in profit, return on equity, growth in earnings per share, market capitalisation, value of shares transacted and value additions.

Ceylinco Insurance PLC Managing Director and CEO Ajith Gunawardena said, “We feel humble pride as we have been recognised not only on one occasion but many. We extend our gratitude to our customers, shareholders and other stakeholders for their loyalty and confidence placed in us. I also wish to congratulate the staff of both Ceylinco General Insurance and Ceylinco Life Insurance for maintaining a high level of service excellence.” 

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