Company filings and market news from across Sri Lanka's stock market.
Colombo Stock Exchange closed higher: All Share Index +0.18% to 12,313 and S&P SL20 +0.26% to 3,622, with turnover Rs1.9bn. Renewed investor interest in leasing/finance on a possible vehicle import ban reversal and positive results/crossings at L B Finance and CDB; net foreign outflow Rs87mn.
Union Assurance held exclusive customer forums with Union Bank in Jaffna and Matara, bringing together over 100 bancassurance customers to strengthen the partnership and promote financial literacy. Senior management from both firms attended to engage customers and network.
Union Assurance PLC held its Q2 Premier Club awards, inducting over 125 new advisers into the program and awarding platinum winners cash prizes, international tours and luxury vehicles.
Union Assurance recognised Nations Trust Bank PLC's top bancassurance performers in development and team-building programmes, with over 200 NTB staff participating. Events held at Weligama Bay Marriott and Hikka Tranz included educational sessions and senior management attendance to strengthen the partnership.
Union Assurance (UAL.N0000) reported H1 2024 gross written premiums of Rs.9.8bn (up 16% y/y), net investment income Rs.5.7bn (+11%), AUM Rs.86.6bn, claims Rs.3.3bn and market cap up 22% to Rs.28.6bn; capital adequacy remained above regulatory threshold.
Union Assurance launched an industry-first Digital Loyalty Rewards Program on its Clicklife app, letting customers earn and redeem rewards worth millions at a network of 100+ merchants.
Union Assurance held its Partnership Distribution Annual Awards 2023, recognising top bancassurance and corporate-channel performers; winners included Shobitha Nakuleswara (Bancassurance Champion of Champions — Commercial Bank channel) and Harsha Wijesinghe (Best Insurance Relationship Officer — Nations Trust Bank).