Industry Hand Book 2021

COMPILED BY
THE INSURANCE REGULATORY COMMISSION OF SRI LANKA

Oct-22
Notes to be taken into consideration when interpreting the data given in tables of the Industry Hand Book
Information in this report is based on the statistics provided by the Insurance Companies and Insurance Brokering
1.
Companies.
Data submitted by NITF regarding Risk Based Capital were not taken into account in order to maintain
2.
comparability because NITF handles both reinsurance and insurance business.
Financial data of crop & loan protection scheme of NITF has been eliminated from statistics from 2014 onwards
3.
since the said operation has not been considered as ‘Insurance’
Slight difference was noted between SRCC GWP of NITF and class wise deduction of SRCC values in the Industry
4.
P/L as class wise deductions values have been extracted from Individual companies.
Figures in some tables have been rounded off to the nearest final digit. Hence, there may be a slight discrepancy
5.
between the total as shown and the sum of its components.
6. Differences as compared with previously published figures are due to subsequent revisions.
7. Values indicated within parenthesis are negative values.
8 The following symbols have been used throughout: -
(a) = Reinstated and Audited figures
(b) = Provisional figures
= nil
ii
List Page No.
1 Company - wise Gross Written Premium and Market Share - Long Term Insurance Business & General
1
Insurance Buisness - 2021
2 Company - wise Gross Written Premium and Market Share - Long Term Insurance Business - 2017 to 2021 2
3 Company - wise Gross Written Premium & Market Share - General Insurance Business - 2017 to 2021 3
4 Company - wise analysis of Total Assets 4
5 Distribution of Total Assets of Major Financial Institutions 5
6 Total Shareholders' Funds of Insurance Companies 6
7 Concentration of Assets as at 31st December 2020 and 2021 - Long Term Insurance Business 7
8 Company - wise Concentration of Assets as at 31st December 2021 - Long Term Insurance Business 8-9
9 Concentration of Assets of General Insurance Business and Shareholders - 2020 & 2021 10
10 Company - wise Concentration of Assets of General Insurance Business (Including Shareholders) - 2021 11-12
11 Industry & Company wise Balance Sheets as at 31st December 2021 - Long Term Insurance Business 13-29
12 Industry & Company wise Balance Sheets as at 31st December 2020 - Long Term Insurance Business 30-46
13 Extract of Income Statement of Long Term Insurance Business - 2021 47-63
14 Extract of Income Statement of Long Term Insurance Business - 2020 64-80
15 Industry & Company wise Balance Sheets as at 31st December 2021 - General Insurance Business 81-95
16 Industry & Company wise Balance Sheets as at 31st December 2020 - General Insurance Business 96-110
17 Extract of Income Statement of General Insurance Business - 2021 111-125
18 Extract of Income Statement of General Insurance Business - 2020 126-140
19 Company - wise Analysis of Total Available Capital (TAC) as at 31st December 2020 and 2021 - Long 141
Term Insurance Business
20 Company - wise Analysis of Risk Capital Required (RCR) as at 31st December 2020 and 2021 - Long 142
Term Insurance Business
21 Company - wise Analysis of Total Available Capital (TAC) as at 31st December 2020 and 2021 - General 143
Insurance Business
22 Company - wise Analysis of Risk Capital Required (RCR) as at 31st December 2020 and 2021 - General 144
Insurance Business
23 Company - wise Analysis of Solvency Position as at 31st December 2020 and 2021 - Long Term 145
Insurance Business
24 Company - wise Analysis of Solvency Position as at 31st December 2020 and 2021 - General Insurance 146
Business
25 Class - wise, Company wise Analysis of Gross written Premium from 2017 to 2021 - General Insurance 147-151
Business
26 Net Earned Premium, Net Claims Incurred, Net Claims Ratio, Net Expense Ratio and Net Combined Ratio 152
of General Insurance Business - 2017 to 2021
27 Class - wise Analysis of Earned Premium of General Insurance Business - 2017 to 2021 153-157
28 Class - wise Analysis of Claims Incurred - General Insurance Business - 2017 to 2021 158-162
29 Company - wise Net Combined Ratio of General Insurance Business - 2017 to 2021 163
30 Gross Written Premium, Reinsurance Premium and Retention by Insurers - General Insurance Business 164
31 Class - wise Analysis of Reinsurance Premium of General Insurance Business - 2017 to 2021 165-169
32 Branch Network, Employees & Agents as at 31st December 2021 170-179
33 Number of New Insurance Policies Issued - Long Term Insurance Buisness 180
34 Number of Life Insurance Policies in Force 181
35 Total New Businesses - Long Term Insurance Buisness 182-185
36 Life Insurance Benefits Amount in Rs. '000 186-189
37 Number of Life Insurance Benefits 190-194
38 Abbreviatons 195
i
1. Company - wise Gross Written Premium and Market Share - Long Term Insurance Business & General Insurance Buisness - 2021
2021 (b)
Mkt Share - Long Mkt Share -

GWP - Long Term GWP - General Mkt Share -Total
Insurer Term Insurance General Insurance
Insurance Business Insurance Business Total (Rs. '000) Insurance Industry
Business Business
(Rs. '000) (Rs. '000) (%)
(%) (%)
AIA Life 16,517,328 16,517,328 13.24 7.07

Allianz Gen. 12,490,133 12,490,133 11.48 5.35
Allianz Life 1,886,703 1,886,703 1.51 0.81
Amana Life 929,830 929,830 0.75 0.40
Amana Gen. 2,173,073 2,173,073 2 0.93
Arpico 2,311,633 - 2,311,633 1.85 0.99
Ceylinco Life 25,565,050 25,565,050 20.49 10.95
Ceylinco Gen. 18,498,751 18,498,751 17.01 7.92
Continental 4,888,930 4,888,930 4.5 2.09
Cooplife 840,604 840,604 0.67 0.36
Cooperative Gen. 4,374,591 4,374,591 4.02 1.87
Fairfirst 11,914,064 11,914,064 10.95 5.10
HNB Life 7,091,470 7,091,470 5.68 3.04
HNB Gen. 5,166,812 5,166,812 4.75 2.21
Janashakthi Life 5,460,929 5,460,929 4.38 2.34
LIC 1,004,700 1,004,700 0.81 0.43
LOLC Life 4,420,081 4,420,081 3.54 1.89
LOLC Gen. 6,562,651 6,562,651 6.03 2.81
MBSL 40,370 413,070 453,440 0.03 0.38 0.19
NITF 13,365,348 13,365,348 - 12.29 5.72
Orient 2,027,885 2,027,885 1.86 0.87
People’s 5,634,586 5,634,586 5.18 2.41
Sanasa Life 1,247,855 1,247,855 1.00 0.53
Sanasa Gen. 868,306 868,306 0.8 0.37
SLIC 21,975,988 20,382,188 42,358,176 17.62 18.74 18.14
Softlogic Life 20,053,302 20,053,302 16.07 8.59
Union Life 15,406,161 15,406,161 12.35 6.60
Total 124,752,004 108,760,388 233,512,392 100 100 100
1
2. Company - wise Gross Written Premium and Market Share of Long Term Insurance Business - 2017 to 2021
2017 2018 2019 2020 (a) 2021 (b)
Insurer Market Market Market Market

Premium Premium Premium Premium Premium Market Share
Share Share Share Share
(Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%)
AIA Life 11,510,581 16.08 12,739,351 15.87 13,848,283 15.60 14,049,559 13.64 16,517,328 13.24
Allianz Life 1,178,817 1.65 1,301,254 1.62 1,403,858 1.58 1,476,069 1.43 1,886,703 1.51
Amana Life 792,174 1.11 827,948 1.03 851,293 0.96 767,232 0.75 929,830 0.75
Arpico 1,038,085 1.45 1,387,432 1.73 1,633,156 1.84 1,836,100 1.81 2,311,633 1.85
Ceylinco Life 15,765,484 22.03 17,812,774 22.18 18,718,553 21.08 22,076,250 21.44 25,565,050 20.49
Cooplife 626,972 0.88 619,881 0.77 772,782 0.87 775,410 0.75 840,604 0.67
HNB Life 3,963,642 5.54 4,420,513 5.51 5,175,044 5.83 5,487,039 5.33 7,091,470 5.68
Janashakthi Life 2,902,873 4.06 3,008,842 3.75 3,511,660 3.96 3,819,817 3.66 5,460,929 4.38
LIC 582,114 0.81 522,698 0.65 598,896 0.67 714,127 0.69 1,004,700 0.81
LOLC Life 2,467,166 3.45 2,610,785 3.25 2,682,522 3.02 3,236,480 3.14 4,420,081 3.54
MBSL 123,732 0.17 65,839 0.08 54,757 0.06 40,996 0.04 40,370 0.03
Sanasa Life 454,056 0.62 521,193 0.65 537,171 0.61 694,430 0.67 1,247,855 1.00
SLIC 12,517,119 17.49 13,205,802 16.45 14,820,025 16.69 19,257,997 18.70 21,975,988 17.62
Softlogic life 7,530,935 10.52 10,005,733 12.46 12,531,283 14.11 15,660,116 15.21 20,053,302 16.07
Union Life 10,117,630 14.14 11,243,915 14.00 11,647,757 13.12 13,108,605 12.73 15,406,161 12.35
Total 71,571,380 100 80,293,960 100 88,787,041 100 103,000,227 100 124,752,004 100
Growth Rate (%) 12.75 12.19 10.58 16.01 21.12%
2
3. Company - wise Gross Written Premium and Market Share of General Insurance Business - 2017 to 2021
2017 2018 2019 2020 (a) 2021 (b)

Insurer Premium Market Share Premium Market Share Premium Market Share Premium Market Share Premium Market Share
(Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%)
Allianz Gen. 5,956,142 6.38 17,983,748 17.88 18,095,258 16.80 13,852,829 13.16 12,490,133 11.48
Amana Gen. 1,686,270 1.81 1,841,067 1.83 1,621,461 1.51 1,631,666 1.55 2,173,073 2
Ceylinco Gen. 17,012,087 18.22 18,137,933 18.03 18,401,405 17.09 18,680,545 17.74 18,498,751 17.01
Continental 3,892,780 4.17 4,545,405 4.52 5,002,548 4.65 4,808,964 4.57 4,888,930 4.5
Cooperative Gen. 2,966,679 3.18 3,692,397 3.67 4,192,960 3.89 4,274,397 4.06 4,374,591 4.02
Fairfirst 9,610,990 10.29 10,980,850 10.92 11,247,669 10.44 11,937,482 11.34 11,914,064 10.95
HNB Gen. 3,662,008 3.92 4,062,171 4.04 4,394,457 4.08 4,583,235 4.35 5,166,812 4.75
Janashakthi Gen. 11,740,185 12.57
LOLC Gen. 3,795,106 4.06 4,318,721 4.29 4,954,896 4.60 5,612,895 5.33 6,562,651 6.03
MBSL 260,806 0.28 (512) (0.00) 95,979 0.09 297,995 0.28 413,070 0.38
NITF 8,114,412 8.69 9,644,901 9.59 13,358,203 12.40 12,051,863 11.45 13,365,348 12.29
Orient 1,179,000 1.26 1,376,398 1.37 1,564,902 1.45 1,628,153 1.55 2,027,885 1.86
People’s 4,587,432 4.91 5,354,368 5.32 5,694,164 5.29 5,686,758 5.40 5,634,586 5.18
Sanasa Gen. 569,509 0.61 732,379 0.73 898,079 0.83 847,117 0.8 868,306 0.8
SLIC 18,355,361 19.65 17,916,274 17.81 18,162,766 16.87 19,370,895 18.40 20,382,188 18.74
Total 93,388,766 100 100,586,101 100 107,684,747 100 105,264,793 100 108,760,388 100
Growth Rate (%) 17.34 7.71 7.06 -2.25 3.32
3
4. Company - wise analysis of Total Assets
2020 (a) 2021 (b)

General
Long Term General Insurance Long Term
Insurer Reinsurance (Rs. Insurance / Reinsurance (Rs.
Insurance / Shareholders Total (Rs.'000) % Insurance Total (Rs.'000) %
'000) Shareholders '000)
(Rs.'000) (Rs.'000) (Rs.'000)
(Rs.'000)
AIA Life 72,388,787 72,388,787 9.09 72,263,841 72,263,841 8.13
Allianz Gen. 28,024,882 28,024,882 3.52 27,968,687 27,968,687 3.15
Allianz Life 7,758,471 7,758,471 0.97 8,191,271 8,191,271 0.92
Amana Gen. 2,945,567 2,945,567 0.37 3,402,269 3,402,269 0.38
Amana Life 3,099,222 3,099,222 0.39 3,337,501 3,337,501 0.38
Arpico 4,175,491 4,175,491 0.52 4,416,237 4,416,237 0.50
Ceylinco Gen. 32,061,287 32,061,287 4.03 36,648,668 36,648,668 4.13
Ceylinco Life 150,801,386 150,801,386 18.94 173,762,954 173,762,954 19.56
Continental 7,866,408 7,866,408 0.99 8,455,319 8,455,319 0.95
Cooperative Gen. 7,935,838 7,935,838 1.00 9,806,005 9,806,005 1.10
Cooplife 3,510,426 3,510,426 0.44 3,719,827 3,719,827 0.42
Fairfirst 18,046,123 18,046,123 2.27 19,312,806 19,312,806 2.17
HNB Gen. 6,855,077 6,855,077 0.86 7,568,781 7,568,781 0.85
HNB Life 26,042,871 26,042,871 3.27 29,463,951 29,463,951 3.32
Janashakthi Life 24,613,500 24,613,500 3.09 26,045,536 26,045,536 2.93
LIC 3,333,687 3,333,687 0.42 3,491,539 3,491,539 0.39
LOLC Gen. 9,891,278 9,891,278 1.24 11,999,920 11,999,920 1.35
LOLC Life 7,752,075 7,752,075 0.97 9,622,145 9,622,145 1.08
MBSL 1,064,582 1,426,185 2,490,767 0.31 1,004,264 1,399,160 2,403,424 0.27
NITF 21,487,172 6,065,833 27,553,005 3.46 24,444,867 5,532,908 29,977,775 3.37
Orient 2,612,380 2,612,380 0.33 3,194,603 3,194,603 0.36
People’s 10,783,719 10,783,719 1.35 11,251,468 11,251,468 1.27
Sanasa 2,307,345 1,303,081 3,610,426 0.45 2,682,497 1,372,239 4,054,736 0.46
SLIC 160,051,510 76,400,546 236,452,056 29.69 184,519,748 83,392,699 267,912,447 30.16
Softlogic life 33,206,203 33,206,203 4.17 39,343,732 39,343,732 4.43
Union Life 62,600,408 62,600,408 7.86 70,761,636 70,761,636 7.97
Total 562,705,964 227,639,543 6,065,833 796,411,340 100 632,626,679 250,217,491 5,532,908 888,377,078 100
4
5. Distribution of Total Assets of the Financial Sector
2017 2018 2019 2020 2021

Financial Institutions
Rs. Billions % Rs. Billions % Rs. Billions % Rs. Billions % Rs. Billions %
Banking Sector 11,897.4 69.7 13,711.4 72.2 14,442.1 71.9 17,087.9 72.5 19,969.9 74.7
Other Deposit Taking Financial
1,370.4 8.0 1,603.2 8.4 1,553.2 7.7 1,637.6 6.9 1,636.7 6.1
Institutions
Specialized Financial Institutions 388.9 2.3 241.1 1.3 286.7 1.4 415.3 1.8 387.7 1.4
Contractual Savings Institutions 2,838.0 16.6 2,807.4 14.8 3,097.9 15.4 3,639.7 15.4 3,876.3 14.5
Insurance Companies * 581.7 3.4 630.4 3.3 796.8 3.5 796.8 3.4 888.4 3.3
Total 17,076.4 100 18,993.5 100 20,176.7 100 23,577.3 100 26,759.0 100.0
Source: Central Bank of Sri Lanka Annual Report - 2021

* Assets of insurance companies were reinstated based on data received from insurance companies.
5
Total Assets of Insurance Companies
Distribution of Assets
2012 (a) 2013 (b)
Inter Segment Inter Segment
Insurer General Insurance / General Insurance /
Long Term Insurance Transactions Total Long Term Insurance Transactions Total
Shareholders % Shareholders %
(Rs.'000) Elimination (Rs.'000) (Rs.'000) Elimination (Rs.'000)
(Rs.'000) (Rs.'000)
(Rs.'000) (Rs.'000)
1 AIA 36,115,715 4,831,102 189 40,946,628 0.18 38,589,030 5,595,491 26,385 44,158,136 0.17
2 AIG - 877,850 - 877,850 0.18 - 877,850 - 877,850 0.00
3 Allianz Gen. 1,970,061 1,970,061 0.01 - 2,727,780 - 2,727,780 0.01
4 Allianz Life 621,738 621,738 0.00 1,069,784 - - 1,069,784 0.00
5 Amana Takaful 899,002 1,337,353 66,277 2,170,078 0.01 1,006,856 1,602,460 44,253 2,565,062 0.01
6 Arpico 574,548,880 - - 574,548,880 2.57 576,387,191 576,387,191 2.21
7 Asian Alliance 3,896,593,664 1,809,536,830 5,706,130,495 25.50 5,265,406,902 2,074,620,983 - 7,340,027,885 28.08
8 Ceylinco 52,991,651 20,153,222 4,809,161 68,335,712 0.31 64,046,018 24,011,104 6,483,228 81,573,894 0.31
9 Ceylinco Takaful - - - - 0.00 - - - - 0.00
10 Continental 1,313,231 1,313,231 0.01 - 1,415,145 - 1,415,145 0.01
11 Cooperative 845,507 1,499,022 24,584 2,319,945 0.01 977,823 2,031,451 6,386 3,002,889 0.01
12 HNBA 4,375,310 2,643,968 2,039,754 4,979,524 0.02 5,101,423 2,933,254 - 8,034,677 0.03
13 Janashakthi 6,225,895,747 9,580,533,397 - 15,806,429,144 70.64 7,199,984,097 10,692,653,911 - 17,892,638,008 68.45
14 LIC 807,179 - - 807,179 0.00 1,404,322 - - 1,404,322 0.01
15 LOLC 235,258 1,698,884 3,814 1,930,328 0.01 235,258 1,698,884 3,814 1,930,328 0.01
16 MBSL 213,718 1,091,219 - 1,304,937 0.01 279,450 1,248,345 - 1,527,795 0.01
17 Orient - 928,425 - 928,425 0.00 - 929,206 - 929,206 0.00
18 People’s - 3,163,419 - 3,163,419 0.01 - 3,853,669 - 3,853,669 0.01
19 Sanasa 475,235 483,343 - 958,578 0.00 709,052 481,345 - 1,190,397 0.00
20 SLIC 82,583,945 49,798,431 282,157 132,100,220 0.59 85,872,885 57,032,597 - 142,905,483 0.55
21 UAL 19,470,171.76 7,106,666.96 839,915 25,736,924 0.12 22,967,532 7,743,333 649,778 30,061,087 0.12
Total 10,896,672,722 11,488,966,425 8,065,852 22,377,573,295 100.00 13,264,037,623 12,881,456,809 7,213,844 26,138,280,587 100.00
6. Total Shareholders' Funds of Insurance Companies
2020 (a) 2021 (b)
Total Restricted Total

Total Other
Insurer Shareholders' Share Capital Regulatory Total Reserves Shareholders'
% Reserves %
Fund Reserve Fund
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)

AIA Life 20,579,684 8.68 511,922 6,080,848 13,156,326 19,237,174 19,749,096 7.61
Allianz Gen. 11,559,232 4.88 8,619,972 3,714,848 3,714,848 12,334,820 4.76
Allianz Life 2,079,140 0.88 739,624 584,901 584,901 1,324,525 0.51
Amana Gen. 1,505,015 0.64 1,860,001 -308,625 (308,625) 1,551,376 0.60
Amana Life 459,612 0.19 500,000 (26,546) (26,546) 473,454 0.18
Arpico 1,860,809 0.79 675,565 1,395,580 1,395,580 2,071,145 0.80
Ceylinco Gen. 12,972,646 5.47 500,200 13,967,904 13,967,904 14,468,104 5.58
Ceylinco Life 38,145,036 16.10 500,001 3,456,184 40,237,848 43,694,032 44,194,033 17.04
Continental 2,843,804 1.20 1,250,000 2,214,469 2,214,469 3,464,469 1.34
Cooperative Gen. 3,399,461 1.43 2,198,316 2,429,162 2,429,162 4,627,478 1.78
Cooplife 1,077,740 0.45 544,260 420,438 420,438 964,698 0.37
Fairfirst 6,304,508 2.66 3,131,949 3,745,463 3,745,463 6,877,412 2.65
HNB Gen. 2,083,242 0.88 1,150,000 1,090,623 1,090,623 2,240,623 0.86
HNB Life 7,260,988 3.06 1,171,875 381,156 5,479,354 5,860,510 7,032,385 2.71
Janashakthi Life 10,067,150 4.25 4,853,752 1,795,829 3,556,867 5,352,696 10,206,448 3.94
LIC 60,841 0.03 839,016 (513,860) (513,860) 325,156 0.13
LOLC Gen. 3,063,539 1.29 800,000 3,204,018 3,204,018 4,004,018 1.54
LOLC Life 1,797,256 0.76 1,350,000 256,134 795,682 1,051,816 2,401,816 0.93
MBSL 1,029,668 0.43 2,280,022 (1,313,041) (1,313,041) 966,981 0.37
NITF 13,087,460 5.52 14,751,327 14,751,327 14,751,327 5.69
Orient 1,016,320 0.43 825,000 329,136 329,136 1,154,136 0.44
People’s 4,619,185 1.95 1,350,000 3,591,619 3,591,619 4,941,619 1.91
Sanasa Gen 732,349 0.31 508,996 231,819 231,819 740,815 0.29
Sanasa Life 1,092,456 0.46 1,045,346 176,549 176,549 1,221,895 0.47
SLIC 63,229,026 26.68 6,000,000 98,237 65,130,454 65,228,691 71,228,691 27.46
SoftLogic Life 9,936,247 4.19 1,062,500 798,004 8,727,926.00 9,525,930 10,588,430 4.08
Union Life 15,108,489 6.38 1,000,000 3,381,934 11,073,159.00 14,455,093 15,455,093 5.96
Total 236,970,903 100 45,268,317 16,248,326 197,843,400 214,091,726 259,360,043 100
Note: 2020 published figures have been revised in line with the audit adjustments. 6
Total Shareholders' Funds of Insurance Companies
2012(a) 2013(b)
Share Capital Revenue
Insurer Total Shareholders' Funds Capital Reserves Reserves/
%
(Loss)
(Rs.'000) (Rs.'000) Rs.'000 Rs.'000
1 AIA 4,017,462 0.07 300,000 72,096 4,166,354
2 AIG 229,339 0.00 536,265 - (193,459)
3 Allianz Gen. 780,285 0.01 250,000 - 624,849
4 Allianz Life 155,105 0.00 592,624 - (330,710)
5 Amana Takaful 837,987 0.02 1,250,001 30,128 (373,397)
6 Arpico 470,459,092 8.73 563,000,070 - (46,333,736)
7 Asian Alliance 1,461,503,320 27.14 1,062,500,000 114,662,116 654,530,404
8 Ceylinco 12,500,697 0.23 1,324,822 711,535 13,885,802
9 Ceylinco Takaful - - - - -
10 Continental 504,078 0.01 500,000 - 67,276
11 Cooperative 753,979 0.01 632,020 3,036 360,945
12 HNBA 1,914,517 0.04 1,171,875 - 941,737
13 Janashakthi 3,376,380,102 62.69 1,496,000,400 - 2,532,490,858
14 LIC 597,143 0.01 500,000 - 177,226
15 LOLC 586,357 0.01 650,000 - 65,244
16 MBSL 400,851 0.01 880,724 1,961 (483,634)
17 Orient 673,561 0.01 750,000 - (69,670)
18 People’s 863,002 0.02 600,000 - 484,881

This is not purely
19 Sanasa 377,602 0.01 352,922 CR(882)
and this is Life64,671
Total
policybalance of CR
holder fund.
20 SLIC 48,187,839 0.89 6,000,000 includes Life 40,901,987
5,231,795
Policyholder Fund
21 UAL 4,309,059 0.08 1,138,432 812,521
of (396,670) 3,166,339
Total 5,386,031,376 100.00 3,138,930,155 121,524,306 3,204,143,966
2013(b)
Total Reserve
Total Shareholders'
Funds %
(Rs.'000) (Rs.'000)
4,238,450 4,538,450 0.07
(193,459) 342,805 0.01
624,849 874,849 0.01
(330,710) 261,914 0.00
(343,269) 906,731 0.01
(46,333,736) 516,666,334 7.99
769,192,520 1,831,692,520 28.33
14,597,337 15,922,159 0.25
- - -
67,276 567,276 0.01
363,981 996,001 0.02
941,737 2,113,612 0.03
2,532,490,858 4,028,491,258 62.32
177,226 677,226 0.01
65,244 715,244 0.01
(481,673) 399,052 0.01
(69,670) 680,330 0.01
484,881 1,084,881 0.02
63,789 416,711 0.01
46,133,782 52,133,782 0.81
3,978,860 5,117,292 0.08
3,325,668,272 6,464,598,427 100.00

7. Concentration of Assets as at 31st December 2020 and 2021 -
2020 (a) 2021 (b)

Type of Asset
Rs.'000 % Rs.'000 %
Government Debt Securities 230,273,823 43.20 262,410,756 41.48
Equities 38,681,100 6.87 49,049,129 7.75
Corporate Debt 121,703,471 21.59 139,619,921 22.07
Land & Buildings 8,735,425 3.00 9,273,787 1.47
Deposits 80,765,691 14.30 88,265,112 13.95
Unit Trusts 9,991,047 1.77 13,426,656 2.12
Policy Loans 6,940,431 1.23 7,022,135 1.11
Other Assets 46,944,802 6.89 48,448,721 7.66
Cash and cash equivalents 18,670,177 1.15 15,110,463 2.39
Total 562,705,967 100 632,626,679 100
7
8. Company - wise Concentration of Assets as at 31st December 2021 - Long Term Insurance Business
(All figures in Rs. '000)
Type of Asset AIA Allianz Life Amana Life Arpico Ceylinco Cooplife HNBA Janashakthi
Government Debt Securities 49,406,906 4,768,321 219,475 1,647,119 58,703,963 939,368 12,175,057 6,631,383
Equities 1,702,029 201,238 116,476 233,916 2,069,321 1,841 215,221 3,503,134
Corporate Debt 13,337,200 60,935 1,100,968 28,554,206 1,486,745 7,489,921 7,228,853
Land & Buildings 147,500 4,045,700 204,000 1,742,354
Deposits 1,123,644 347,297 2,366,037 412,221 57,517,815 752,095 7,170,837 1,615,681
Unit Trusts 218,951 92,083 75,870 2,572,733
Investment in Gold 142,731
Reinsurance receivable 160,130 111,551 8,374 392,170 12,351 317,009 55,400
Policy Loans 460,487 425,525 1,561,981 31,232 403,452 264,250
Premium receivable from policyholders
408,965 52,517 35,952 62,470 336,496 12,719 7,822 152,413
and intermediaries
Property Plant and Equipments 1,501,618 56,548 13,460 57,692 10,177,018 76,217 141,390 243,726
Other Assets 3,503,266 2,213,803 128,567 242,066 9,909,935 196,801 1,201,245 1,635,617
Cash and cash equivalents 659,596 160,110 75,220 150,015 494,350 6,458 341,997 399,992
Total 72,263,841 8,191,271 3,337,501 4,416,237 173,762,955 3,719,827 29,463,951 26,045,536
8
8. Company - wise Concentration of Assets as at 31st December 2021 - Long Term Insurance Business (Cont..)
Type of Asset LIC LOLC Life MBSL Sanasa Life SLIC Softlogic Life Union Life Total
Government Debt Securities 1,358,522 4,885,631 778,687 332,356 69,150,523 13,164,690 38,248,756 262,410,757
Equities 327,403 89,550 647,094 30,970,583 2,540,271 5,281,051 47,899,128
Corporate Debt 423,076 2,315,070 377,964 56,054,729 10,212,249 12,128,005 140,769,921
Land & Buildings 300,000 97,940 288,132 2,448,161 9,273,787
Deposits 707,025 77,489 142,194 717,645 7,911,667 4,360,432 3,043,033 88,265,112
Unit Trusts 87,834 1,452,389 46,901 41,789 2,757,062 3,939,787 2,141,257 13,426,656
Investment in Gold 142,731
Reinsurance receivable 50,772 12,726 16,058 827,253 231,587 969,446 3,164,827
Policy Loans 85,593 72,119 3,979 31,589 1,525,651 224,198 1,932,079 7,022,135
Premium receivable from policyholders
11,908 175,873 1,677 16,515 507,391 983,657 532,975 3,299,351
and intermediaries
Property Plant and Equipments 20,995 27,658 117 130,545 329,613 297,953 13,074,550
Other Assets 97,790 226,306 7,824 334,328 3,928,346 2,372,196 2,769,172 28,767,262
Cash and cash equivalents 71,394 249,289 10,157 36,614 10,788,603 696,920 969,748 15,110,463
Total 3,491,540 9,622,146 1,004,263 2,682,497 184,519,748 39,343,732 70,761,636 632,626,679
Note : Slight differences were noted in the above balances with the Balance Sheet figures due to categorization issues
9
9. Concentration of Assets of General Insurance Businesss - 2020 & 2021
2020 (a) 2021 (b)

Type of Asset
Rs.'000 % Rs.'000 %
Government Debt Securities 65,700,091 28.99 76,226,076 30.59
Equities 32,566,853 14.37 34,972,269 14.03
Corporate Debt 17,812,377 7.86 20,092,438 8.06
Land & Buildings 1,964,966 0.87 2,203,600 0.88
Deposits 25,664,111 11.32 23,470,757 9.42
Unit Trusts 6,549,296 2.89 7,356,946 2.95
Reinsurance Receivable 12,974,157 5.72 14,966,120 6.01
Premium receivable from policyholders and
27,576,167 12.17 28,673,779 11.51
intermediaries
Property Plant and Equipments 18,628,155 8.22 20,783,833 8.34
Other Assets 13,017,177 5.74 15,177,549 6.09
Cash and cash equivalents 4,186,189 1.85 5,294,128 2.12
Total 226,639,539 100 249,217,495 100
Note : Right of Use Asset (ROU Asset) has been added to Property Plant & Equipment
Difference is due to Intersegment receivable and payable balances of NITF
10
10. Company - wise Concentration of Assets of General Insurance Business - 2021
Type of Asset Allianz Gen. Amana Gen. Ceylinco Gen. Continental Cooperative Gen. Fairfirst HNB Gen.
Government Debt Securities 14,684,138 280,679 5,429,675 1,588,849 1,786,567 8,470,554 2,087,318
Equities 1,052,868 656,515 564,488 556,933 233,945 3,245
Corporate Debt 780,549 2,085,613 1,632,383 2,378,316 1,710,335 864,879
Land & Buildings 46,500 139,500
Deposits 884,357 646,432 8,761,508 1,565,474 1,672,495 62,046 1,277,956
Unit Trusts 644,600 36,342 276,286 808,391 193,585
Reinsurance Receivable 1,366,259 256,525 4,821,855 312,242 615,328 2,815,926 755,197
3,650,274 767,090 5,190,204 1,174,068 1,010,997 3,286,844 1,240,175
intermediaries
Property Plant and Equipments 267,866 39,576 4,172,837 64,367 980,173 567,201 141,494
Other Assets 4,067,626 219,463 5,001,370 594,385 537,363 1,843,710 468,118
Cash and cash equivalents 1,623,019 56,793 113,305 150,674 267,833 322,244 536,814
Total 27,968,688 3,402,268 36,648,668 8,455,321 9,806,005 19,312,805 7,568,781
11
10. Company - wise Concentration of Assets of General Insurance Business - 2021 (Cont..)
Type of Asset LOLC Gen. MBSL NITF Orient People’s Sanasa Gen. SLIC Total
Government Debt Securities 3,788,495 796,457 20,286,011 437,560 2,476,303 381,985 13,731,485 76,226,076
Equities 67,581 13,667 115,517 31,707,510 34,972,269
Corporate Debt 2,240,777 26,840 2,554,513 149,406 5,668,827 20,092,438
Land & Buildings 75,000 1,942,600 2,203,600
Deposits 527,779 232,478 1,001,479 3,010,018 149,740 3,678,995 23,470,757
Unit Trusts 1,886,233 8,676 859,055 2,643,778 7,356,946
Reinsurance Receivable 1,083,078 35,873 19,993 132,816 623,990 36,956 2,090,082 14,966,120
1,331,479 122,438 2,200,784 599,503 1,032,802 151,870 6,915,251 28,673,779
intermediaries
Property Plant and Equipments 95,118 29,754 35,295 39,270 73,849 84,812 12,392,138 18,983,750
Other Assets 644,112 149,110 709,544 259,031 552,623 161,984 1,769,193 16,977,632
Cash and cash equivalents 335,269 10,708 193,242 698,104 68,316 64,969 852,838 5,294,128
Total 11,999,921 1,399,161 23,444,869 3,194,603 11,251,469 1,372,239 83,392,697 249,217,495
Note : Slight differences were noted in the above balances with the Balance Sheet figures and due to categorization issues
12
STATEMENT FINANCIAL POSITION AS AT 31ST DECEMBER 2021 - LIFE INSURANCE BUSINESS
AS AT 31.12.2021
INDUSTRY (All figures in LKR '000)

Long Term Insurance Business
Insurance Provision Life Linked Long-term Business
Company Eliminations* Shareholders Unit Account-
Traditional Non Non-unit Unit Account -
Line Industry Note Participating Universal Life Total Non guaranteed Total
Participating account Guaranteed
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - - - - - - - - - -
2 Intangible Assets 3,400,517 - 2,766,920 458 1,647 631,491 633,597 - - - -
3 Deferred Expenses - - - - - - - - - - -
4 Right of Use Assets 4,108,226 - 1,770,847 1,201,966 584,325 551,089 2,337,379 - - - -
5 Property Plant and Equipment 14,620,221 - 4,198,152 7,526,825 2,571,344 323,901 10,422,070 - - - -
6 Investment Property 6,296,943 - 4,346,454 1,806,861 143,628 - 1,950,489 - - - -
7 Investment in Subsidiaries 7,402,715 - 7,387,715 15,000 - - 15,000 - - - -
7.1 Investment in segregated company** 2,969,172 - 2,969,172 - - - - - - - -
7.2 Investment in other companies** 4,433,543 - 4,418,543 15,000 - - 15,000 - - - -
8 Investment in Associates 897,622 - 854,632 13,858 29,132 - 42,990 - - - -
8.1 Investment in segregated company** - - - - - - - - - - -
8.2 Investment in other companies** 897,622 - 854,632 13,858 29,132 - 42,990 - - - -
9 Financial Investments (total of lines 9 to 12) 545,455,841 - 100,579,142 219,303,435 83,780,084 132,102,013 435,185,531 457,909 5,285,271 9,150,842 9,691,168
10 HTM Financial Assets 153,566,492 - 13,280,113 96,548,150 15,493,430 28,244,798 140,286,378 - - - -
11 Loans and receivables 216,216,407 - 49,427,347 56,444,620 49,807,431 54,256,116 160,508,167 329,544 82,417 5,868,932 6,280,893
12 AFS Financial Assets 133,944,182 - 31,408,067 50,569,268 7,827,142 43,423,651 101,820,060 128,365 - 587,690 716,055
Financial Assets at Fair Value through Profit and
13 41,728,762 - 6,463,615 15,741,397 10,652,082 6,177,448 32,570,926 - - 2,694,220 2,694,220
Loss
14 Outstanding policy loans 7,016,921 - - 2,580,361 1,616,146 2,820,414 7,016,921 - - - -
15 Reinsurance Receivables 3,164,825 - - 788,508 1,948,225 390,117 3,126,850 13,940 - 24,035 37,975
16 Premium Receivables 3,299,351 - - 695,723 1,628,857 955,152 3,279,732 3,901 - 15,718 19,619
17 Other Assets 20,241,308 (2,438,202) 12,609,934 4,886,152 3,677,124 1,313,723 9,816,058 109,470 - 144,048 253,518
18 Deferred Acquisition Cost 1,625,625 - - - - 1,625,625 1,625,625 - - - -
19 Cash and Cash Equivalents 15,096,564 - 3,665,616 1,194,917 7,252,309 2,934,193 11,381,419 31,391 38 18,100 49,529
Total Assets (Total of Lines 1 to 8 and 13 to
20 632,626,679 (2,438,202) 138,179,412 240,014,063 103,232,819 143,647,720 486,833,661 616,611 82,455 9,352,743 10,051,809
18)
Equity and Liabilities - - - - - - - - - - -
Liabilities - - - - - - - - - - -
21 Insurance Contract Liabilities 450,374,480 - - 228,268,495 77,740,232 134,933,733 440,942,459 182,957 82,367 9,166,697 9,432,021
22 Employee Benefits 2,126,140 - 523,455 854,004 738,639 10,042 1,602,685 - - - -
23 Reinsurance Payable 5,143,933 - - 1,043,829 3,633,887 389,358 5,067,074 65,814 - 11,045 76,859
24 Deferred Revenue 1,056,783 - - 212,179 719,024 118,444 1,049,647 7,136 - - 7,136
25 Interest bearing liabilities 7,017,960 - 3,435,604 89,752 3,492,604 - 3,582,356 - - - -
26 Other Liabilities 32,195,115 (2,438,202) 2,758,095 9,813,236 14,920,941 6,672,969 31,346,205 359,059 88 169,871 529,018
27 Total Liabilities (Total of Lines 20 to 25) 497,914,412 (2,438,202) 6,717,154 240,281,495 101,245,326 142,124,547 483,590,427 614,966 82,455 9,347,613 10,045,034
Shareholders' Equity - - - - - - - - - - -
28 Stated Capital 18,454,194 - 18,340,108 99,031 15,055 - 114,086 - - - -
29 Other Reserves 5,462,996 - 6,068,939 (503,878) (7,492) (101,349) (612,719) 1,645 - 5,131 6,776
30 Revaluation reserves 3,437,959 - 1,440,198 173,116 1,824,645 - 1,997,761 - - - -
31 Restricted regulatory reserve 30,921,534 - 30,968,458 (40,731) (6,192) - (46,924) - - - -
32 Retained Earnings 76,435,585 - 74,644,557 5,034 161,475 1,624,519 1,791,028 - - - -
33 Total Shareholders' Equity (27 to 30) 134,712,268 - 131,462,260 (267,428) 1,987,491 1,523,170 3,243,233 1,645 - 5,131 6,776
Total Liabilities and Shareholders' Equity
34 632,626,681 (2,438,202) 138,179,414 240,014,066 103,232,817 143,647,717 486,833,660 616,611 82,455 9,352,744 10,051,810
( 26+31)
13
ANDBPLC AIA Insurance (All figures in LKR '000)
Eliminations* Shareholders Unit Account-
Line Note Company Participating Universal Life Total Non guaranteed Total
7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 1,347,912 1,347,912 - -
3 Deferred Expenses - - - -
4 Right of Use Assets 897,449 897,449 - -
5 Property Plant and Equipment 5 604,169 604,169 - -
6 Investment Property 6 - - - -
7 Investment in Subsidiaries 7 1,000 1,000 - - - - -
7.1 Investment in segregated company** - - - -
7.2 Investment in other companies** 1,000 1,000 - -
8 Investment in Associates 8 - - - - - - -
8.1 Investment in segregated company** - - - -
8.2 Investment in other companies** - - - -
9 Financial Investments (total of lines 9 to 12) 65,568,781 - 17,394,057 - 439,944 42,174,914 42,614,858 192,178 82,417 5,285,271 5,559,866
10 HTM Financial Assets 9 - - - - -
11 Loans and receivables 10 19,476,994 2,898,884 35,847 12,631,953 12,667,800 192,178 82,417 3,635,715 3,910,310
12 AFS Financial Assets 11 44,442,231 14,495,173 404,097 29,542,961 29,947,058
13 12 1,649,556 - - 1,649,556 1,649,556
Loss
14 Outstanding policy loans 13 460,487 460,487 460,487
15 Reinsurance Receivables 14 160,130 1,390 145,391 146,781 13,349 13,349
16 Premium Receivables 15 408,965 39 408,926 408,965 -
17 Other Assets 16 2,155,353 1,541,244 535,701 535,701 72,865 5,543 78,408
18 Deferred Acquisition Cost - - - - - -
19 Cash and Cash Equivalents 659,595 1,234 17 626,531 626,548 30,287 38 1,488 31,813
20 72,263,841 - 21,787,065 - 441,390 44,351,950 44,793,340 308,679 82,455 5,292,302 5,683,436
18)
Equity and Liabilities - - -
Liabilities - - -
21 Insurance Contract Liabilities 17 46,019,744 - 371,343 40,205,664 40,577,007 72,865 82,367 5,287,505 5,442,737
22 Employee Benefits 333,207 333,207 - - - - - - -
23 Reinsurance Payable 18 385,839 - 43,410 315,696 359,106 26,733 - - 26,733
24 Deferred Revenue 55,257 - - 48,121 48,121 7,136 - - 7,136
25 Interest bearing liabilities - - - - - - - - -
26 Other Liabilities 19 5,720,698 - 1,704,762 26,637 3,782,469 3,809,106 201,945 88 4,797 206,830
27 Total Liabilities (Total of Lines 20 to 25) 52,514,745 - 2,037,969 - 441,390 44,351,950 44,793,340 308,679 82,455 5,292,302 5,683,436
Shareholders' Equity 20 - - -
28 Stated Capital 511,922 511,922 - -
29 Other Reserves 38,258 38,258 - -
30 Revaluation reserves 228,416 228,416 - -
31 Restricted regulatory reserve 6,080,848 6,080,848 - -
32 Retained Earnings 12,889,652 12,889,652 - -
33 Total Shareholders' Equity (27 to 30) 19,749,096 - 19,749,096 - - - - - - - -
34 72,263,841 - 21,787,065 - 441,390 44,351,950 44,793,340 308,679 82,455 5,292,302 5,683,436
( 26+31)
14
ALILL Allianz Life (All figures in LKR '000)
Line Note Participating Universal Life Total Non guaranteed Total
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 18,022 18,022 - -
3 Deferred Expenses - - -
5 Property Plant and Equipment 5 - - -
6 Investment Property 6 - - -
7 Investment in Subsidiaries 7 - - - - - - - - - - -
7.1 Investment in segregated company** - - -
7.2 Investment in other companies** - - -
8 Investment in Associates 8 - - - - - - - - - - -
5,625,661 - - - 192,974 4,907,617 5,100,591 - - 525,070 525,070
9 Financial Investments (total of lines 9 to 12)
10 HTM Financial Assets 9 - - - -
11 Loans and receivables 10 347,297 170,367 170,367 176,930 176,930
12 AFS Financial Assets 11 5,278,364 22,607 4,907,617 4,930,224 348,140 348,140
- - - -
13 Loss 12
14 Outstanding policy loans 13 - - -
15 Reinsurance Receivables 14 111,550 46,553 40,962 87,515 24,035 24,035
16 Premium Receivables 15 52,517 1,214 51,085 52,299 218 218
17 Other Assets 16 555,138 555,138 - - - -
18 Deferred Acquisition Cost 1,625,625 - - 1,625,625 1,625,625 -
19 Cash and Cash Equivalents 146,210 (517,759) (5,336) 668,133 662,797 1,172 1,172
8,191,271 - 111,949 - 235,405 7,293,422 7,528,827 - - 550,495 550,495
20 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 6,307,399 177,093 5,605,236 5,782,329 525,070 525,070
22 Employee Benefits 22,098 22,098 - - - -
23 Reinsurance Payable 18 164,708 47,285 106,378 153,663 11,045 11,045
24 Deferred Revenue 82,795 12,472 70,323 82,795 - -
25 Interest bearing liabilities - - - - -
26 Other Liabilities 19 289,746 275,366 - - 14,380 14,380
Total Liabilities (Total of Lines 20 to 25) 6,866,746 - 297,464 - 236,850 5,781,937 6,018,787 - - 550,495 550,495
27
28 Stated Capital 739,624 739,624 - -
29 Other Reserves (87,845) 27,740 (1,445) (114,140) (115,585) -
30 Revaluation reserves - - - -
31 Restricted regulatory reserve - - - - -
32 Retained Earnings 672,746 (952,879) 1,625,625 1,625,625 -
33 Total Shareholders' Equity (27 to 30) 1,324,525 - (185,515) - (1,445) 1,511,485 1,510,040 - - - -
8,191,271 - 111,949 - 235,405 7,293,422 7,528,827 - - 550,495 550,495
34 ( 26+31)
15
ATPLC Amana Life (All figures in LKR '000)
Company Eliminations* Shareholders
Unit Account-
Line Note Traditional Non Non-unit Unit Account -
Participating Universal Life Total Non guaranteed Total
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 17,444 17,444 - - - -
4 Right of Use assets 14,140 14,140
6 Investment Property 6 147,500 147,500 - -
9 Financial Investments (total of lines 9 to 12) 2,936,802 - 330,864 - 549,290 - 549,290 32,343 - 2,024,305 2,056,648
10 HTM Financial Assets 9 - - - - - - -
11 Loans and receivables 10 2,585,511 271,633 412,379 412,379 32,343 1,869,156 1,901,499
12 AFS Financial Assets 11 92,083 - 60,973 60,973 - 31,110 31,110
13 12 259,208 59,231 75,938 75,938 - 124,039 124,039
Loss
14 Outstanding policy loans 13 - - - - - - -
15 Reinsurance Receivables 14 - - - - - -
16 Premium Receivables 15 35,952 16,551 16,551 3,901 15,500 19,401
17 Other Assets 16 96,983 (133,488) 75,817 763 763 32,966 120,925 153,891
19 Cash and Cash Equivalents 75,220 10,754 49,082 49,082 - 15,384 15,384
20 3,337,501 (133,488) 609,979 - 615,686 - 615,686 69,210 - 2,176,114 2,245,324
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,536,701 - 398,150 398,150 19,473 2,119,078 2,138,551
23 Reinsurance Payable 18 83,408 - 45,719 45,719 37,689 37,689
24 Deferred Revenue - - - -
25 Interest bearing liabilities 88,005 88,005 - -
26 Other Liabilities 19 141,223 (133,488) 48,210 162,548 162,548 12,048 51,905 63,953
27 Total Liabilities (Total of Lines 20 to 25) 2,864,048 (133,488) 150,926 - 606,417 - 606,417 69,210 - 2,170,983 2,240,193
Shareholders' Equity 20 - -
28 Stated Capital 500,000 500,000 - - - -
29 Other Reserves 14,399 - 9,268 9,268 5,131 5,131
30 Revaluation reserves 2,545 2,545 - - - -
31 Restricted regulatory reserve - - - - - -
32 Retained Earnings (43,490) (43,490) - - - -
33 Total Shareholders' Equity (27 to 30) 473,454 - 459,055 - 9,268 - 9,268 - - 5,131 5,131
34 3,337,502 (133,488) 609,981 - 615,685 - 615,685 69,210 - 2,176,114 2,245,324
( 26+31)
16
AIL Arpico (All figures in LKR '000)
Unit Account-
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 587 410 176 587 -
4 Right of use assets 129,675 90,708 38,967 129,675 -
5 Property Plant and Equipment 5 57,692 40,356 17,336 57,692 -
7 Investment in Subsidiaries 7 - - - - - - - - - -
8 Investment in Associates 8 - - - - - - - - - -
9 Financial Investments (total of lines 9 to 12) 3,470,095 - 1,513,763 - 1,368,454 587,878 1,956,332 - - - -
10 HTM Financial Assets 9 224,604 63,630 112,601 48,373 160,974 -
11 Loans and receivables 10 2,624,850 1,140,347 1,038,410 446,093 1,484,503 -
12 AFS Financial Assets 11 544,771 233,916 217,443 93,412 310,855 -
13 12 75,870 75,870 0 0 - -
Loss
14 Outstanding policy loans 13 425,525 297,655 127,870 425,525 -
15 Reinsurance Receivables 14 8,374 5,858 2,516 8,374 -
16 Premium Receivables 15 62,470 43,698 18,772 62,470 -
17 Other Assets 16 111,804 181,260 (48,585) (20,871) (69,456) -
18 Deferred Acquisition Cost - 0 0 0 - -
19 Cash and Cash Equivalents 150,015 397,024 (1,372,227) 1,125,218 (247,009) -
20 4,416,237 - 2,092,047 - 426,326 1,897,864 2,324,190 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 1,897,003 129,606 1,767,397 1,897,003 -
22 Employee Benefits 16,146 9,688 6,458 16,146 -
23 Reinsurance Payable 18 70,001 48,966 21,035 70,001 -
24 Deferred Revenue - - -
25 Interest bearing liabilities - - -
26 Other Liabilities 19 361,941 20,902 238,067 102,972 341,040 -
27 Total Liabilities (Total of Lines 20 to 25) 2,345,092 - 20,902 - 426,327 1,897,863 2,324,190 - - - -
28 Stated Capital 675,565 675,565 - -
29 Other Reserves (26,546) (26,546) - -
30 Revaluation reserves - - -
31 Restricted regulatory reserve - - -
34 4,416,237 - 2,092,047 - 426,327 1,897,863 2,324,190 - - - -
( 26+31)
17
AAIPLC Softlogic Life (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
4 Right of Use Assets 1,234,162 353,801 625,703 254,658 880,361 -
9 Financial Investments (total of lines 9 to 12) 34,217,429 - 10,709,394 8,052,583 14,410,142 1,045,310 23,508,035 - - - -
11 Loans and receivables 10 25,600,336 8,666,173 5,687,136 10,290,980 956,047 16,934,163 -
12 AFS Financial Assets 11 3,382,909 1,364,549 1,775,867 242,493 - 2,018,360 -
13 12 5,234,184 678,672 589,580 3,876,669 89,263 4,555,512 -
Loss
14 Outstanding policy loans 13 224,198 - 224,198 - - 224,198 -
15 Reinsurance Receivables 14 231,587 - 14,958 216,462 167 231,587 -
16 Premium Receivables 15 983,657 - 80,766 902,891 - 983,657 -
17 Other Assets 16 1,754,423 911,298 15,235 827,816 74 843,125 -
18 Deferred Acquisition Cost - - - - - - -
19 Cash and Cash Equivalents 696,920 2,034 3,379 689,151 2,356 694,886 -
20 39,343,732 - 11,977,883 9,016,822 17,301,120 1,047,907 27,365,849 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 20,966,244 - 8,705,109 10,865,686 1,395,449 20,966,244 -
22 Employee Benefits 192,629 - - 189,921 2,708 192,629 -
23 Reinsurance Payable 18 1,040,255 - 30,510 1,013,581 (3,836) 1,040,255 -
24 Deferred Revenue - - - - - - -
25 Interest bearing liabilities 3,355,544 3,064,994 - 290,550 - 290,550 -
26 Other Liabilities 19 3,200,629 (2,082,290) 679,275 4,950,059 (346,415) 5,282,919 -
27 Total Liabilities (Total of Lines 20 to 25) 28,755,301 - 982,704 9,414,894 17,309,797 1,047,906 27,772,597 - - - -
28 Stated Capital 1,062,500 1,062,500 - - - -
29 Other Reserves (1,855,391) (1,356,257) (527,805) 28,671 (499,134) -
30 Revaluation reserves 129,733 - 129,733 - 129,733 -
31 Restricted regulatory reserve 798,004 798,004 - - - -
32 Retained Earnings 10,453,584 10,490,931 - (37,347) (37,347) -
33 Total Shareholders' Equity (27 to 30) 10,588,430 - 10,995,178 (398,072) (8,676) - (406,748) - - - -
34 39,343,731 - 11,977,882 9,016,822 17,301,121 1,047,906 27,365,849 - - - -
( 26+31)
18
CIPLC Ceylinco Life (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
4 Right of use assets 238,137 - 238,137 238,137 -
5 Property Plant and Equipment 5 10,177,018 2,717,773 7,459,245 7,459,245 -
6 Investment Property 6 4,045,700 2,399,600 1,646,100 1,646,100 -
7 Investment in Subsidiaries 7 1,136,000 - 1,121,000 15,000 - - 15,000 - - - -
7.2 Investment in other companies** 1,136,000 1,121,000 15,000 15,000 -
8 Investment in Associates 8 807,672 - 764,682 13,858 29,132 - 42,990 - - - -
8.2 Investment in other companies** 807,672 764,682 13,858 29,132 42,990 -
9 Financial Investments (total of lines 9 to 12) 145,714,584 - 32,542,586 55,723,571 27,164,664 29,887,120 112,775,355 - - 396,643 396,643
10 HTM Financial Assets 9 61,990,663 8,281,313 35,193,024 7,809,190 10,707,136 53,709,350 - - -
11 Loans and receivables 10 83,115,222 24,258,748 20,353,446 19,201,310 19,114,587 58,669,343 187,131 187,131
12 AFS Financial Assets 11 607,627 2,525 177,101 154,164 65,397 396,662 208,440 208,440
13 12 1,072 - - - - - 1,072 1,072
Loss
14 Outstanding policy loans 13 1,561,980 - 468,028 1,093,952 1,561,980 -
15 Reinsurance Receivables 14 392,171 - 12,676 379,495 392,171 -
16 Premium Receivables 15 336,496 - 137,789 198,707 336,496 -
17 Other Assets 16 8,562,398 4,861,111 2,045,433 1,651,776 3,697,209 4,078 4,078
20 173,762,954 - 44,837,580 67,856,470 30,680,365 29,987,818 128,524,653 - - 400,721 400,721
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 120,321,846 65,841,620 24,173,557 29,987,817 120,002,994 318,852 318,852
24 Deferred Revenue 918,731 212,179 706,552 918,731 -
25 Interest bearing liabilities 3,202,054 - 3,202,054 3,202,054 -
26 Other Liabilities 19 4,492,942 643,547 1,731,045 2,036,480 - 3,767,524 81,870 81,870
27 Total Liabilities (Total of Lines 20 to 25) 129,568,920 - 643,547 67,856,471 30,680,363 29,987,817 128,524,650 - - 400,722 400,722
28 Stated Capital 500,001 500,001 - -
29 Other Reserves 7,341,019 7,341,019 - -
34 173,762,953 - 44,837,580 67,856,471 30,680,363 29,987,817 128,524,650 - - 400,722 400,722
( 26+31)
19
COICL Cooplife (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 1,695 458 1,237 1,695 -
4 Right of use assets - - -
5 Property Plant and Equipment 5 353,650 211,193 67,580 74,877 142,457 -
9 Financial Investments (total of lines 9 to 12) 3,180,048 - 612,891 1,743,667 823,490 - 2,567,157 - - - -
11 Loans and receivables 10 945,417 131,342 572,947 241,128 814,075 -
12 AFS Financial Assets 11 1,703,785 377,133 900,359 426,293 1,326,652 -
13 12 1,841 - 1,841 - 1,841 -
Loss
14 Outstanding policy loans 13 31,232 31,232 31,232 -
16 Premium Receivables 15 12,719 12,719 12,719 -
17 Other Assets 16 121,673 78,153 13,331 30,189 43,520 -
19 Cash and Cash Equivalents 6,459 2,411 4,048 - 4,048 -
20 3,719,827 - 904,648 1,875,011 940,168 - 2,815,179 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,484,056 1,769,667 714,389 2,484,056 -
26 Other Liabilities 19 231,765 62,448 169,317 231,765 -
27 Total Liabilities (Total of Lines 20 to 25) 2,755,127 - - 1,839,397 915,730 - 2,755,127 - - - -
28 Stated Capital 544,260 544,260 - - -
29 Other Reserves (14,399) (2,786) (7,770) (3,843) - (11,613) -
30 Revaluation reserves 148,391 76,728 43,383 28,280 71,663 -
32 Retained Earnings 286,446 286,446 - - - -
33 Total Shareholders' Equity (27 to 30) 964,698 - 904,648 35,613 24,437 - 60,050 - - - -
34 3,719,825 - 904,648 1,875,010 940,167 - 2,815,177 - - - -
( 26+31)
20
HNBA HNB Life (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
4 Right of use assets 362,336 362,336 - -
7 Investment in Subsidiaries 7 1,150,000 1,150,000 - - - - - - - -
7.1 Investment in segregated company** 1,150,000 1,150,000 - -
7.2 Investment in other companies** - - - -
10 HTM Financial Assets 9 313,465 51,767 - 53,198 208,500 261,698 -
11 Loans and receivables 10 18,187,908 4,542,319 2,596,051 3,387,168 7,662,370 13,645,589 -
12 AFS Financial Assets 11 7,261,326 432,274 1,682,953 280,419 4,865,680 6,829,052 -
13 12 138,338 124,649 - 13,689 138,338 -
Loss
14 Outstanding policy loans 13 403,452 143,522 134 259,796 403,452 -
15 Reinsurance Receivables 14 317,009 3,424 298,641 14,944 317,009 -
16 Premium Receivables 15 7,822 1,106 4,240 2,476 7,822 -
17 Other Assets 16 781,069 687,576 (68,884) (336,818) 499,195 93,493 -
20 29,463,951 - 7,480,942 4,492,825 3,708,236 13,781,948 21,983,009 - - - -
18)
Liabilities - - -
22 Employee Benefits 137,328 137,328 - - - - -
23 Reinsurance Payable 18 453,054 - 8,282 428,600 16,172 453,054 -
25 Interest bearing liabilities - - - - - - -
26 Other Liabilities 19 1,778,650 243,939 171,629 262,579 1,100,503 1,534,711 -
28 Stated Capital 1,171,875 1,171,875 - - - - -
29 Other Reserves (69,459) (2,168) (9,146) 14,991 (73,136) (67,291) -
30 Revaluation reserves - - - - - - -
31 Restricted regulatory reserve 381,156 381,156 - - - - -
32 Retained Earnings 5,548,813 5,548,813 - - - - -
33 Total Shareholders' Equity (27 to 30) 7,032,385 - 7,099,676 (9,146) 14,991 (73,136) (67,291) - - - -
34 29,463,952 - 7,480,943 4,492,825 3,708,237 13,781,947 21,983,009 - - - -
( 26+31)
21
JIPLC Janashakthi (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
4 Right of use assets 173,532 - 83,295 90,237 173,532 -
6 Investment Property 6 1,724,379 1,724,379 - -
8.1 Investment in segregated company** - - - - - - -
8.2 Investment in other companies** - - - - - - -
11 Loans and receivables 10 8,586,591 2,562,962 21,772 2,899,632 3,102,225 6,023,629 -
12 AFS Financial Assets 11 4,631,011 3,241,757 - 744,943 644,311 1,389,254 -
13 12 8,073,830 1,422,166 1,750,685 2,695,489 2,205,490 6,651,664 -
Loss
14 Outstanding policy loans 13 229,396 575 109,834 118,987 229,396 -
15 Reinsurance Receivables 14 55,400 - 55,400 - 55,400 -
16 Premium Receivables 15 152,413 988 151,425 - 152,413 -
17 Other Assets 16 1,221,386 929,265 (83) 238,391 53,813 292,121 -
20 25,481,976 - 10,195,562 1,776,734 7,130,189 6,379,491 15,286,414 - - - -
18)
Equity and Liabilities - -
Liabilities - -
21 Insurance Contract Liabilities 17 13,850,691 - - 1,620,578 6,799,734 5,430,379 13,850,691 -
22 Employee Benefits 89,374 - - 89,374 - 89,374 -
23 Reinsurance Payable 18 103,032 - 1,752 101,280 - 103,032 -
25 Interest bearing liabilities 19,384 1,559 17,825 - - 17,825 -
26 Other Liabilities 19 1,313,051 87,557 136,580 139,802 949,112 1,225,494 -
28 Stated Capital 4,753,752 4,753,752 - -
29 Other Reserves (97,505) (97,505) - -
34 25,481,980 - 10,195,564 1,776,735 7,130,190 6,379,491 15,286,416 - - - -
( 26+31)
22
NIC (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets - - -
9 Financial Investments (total of lines 9 to 12) 260,353 - 100,000 32,579 127,774 - 160,353 - - - -
10 HTM Financial Assets 9 - - -
12 AFS Financial Assets 11 - -
13 12 147,356 29,471 117,885 147,356 -
Loss
15 Reinsurance Receivables 14 - - -
16 Premium Receivables 15 - - -
17 Other Assets 16 187,511 (10) 187,521 187,511 -
18 Deferred Acquisition Cost - - -
19 Cash and Cash Equivalents 80,843 2,312 78,531 80,843 -
20 563,560 - 100,000 69,734 393,826 - 463,560 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 46,529 (263,614) 310,143 46,529 -
22 Employee Benefits - - - - -
23 Reinsurance Payable 18 - - - - -
24 Deferred Revenue - - - - -
25 Interest bearing liabilities 71,927 71,927 - 71,927 -
27 Total Liabilities (Total of Lines 20 to 25) 463,559 - - 69,734 393,825 - 463,559 - - - -
28 Stated Capital 100,000 100,000 - -
29 Other Reserves - - -
30 Revaluation reserves - - - - -
32 Retained Earnings - - -
33 Total Shareholders' Equity (27 to 30) 100,000 - 100,000 - - - - - - - -
34 563,559 - 100,000 69,734 393,825 - 463,559 - - - -
( 26+31)
23
LICLL LIC (All figures in LKR '000)
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
5 Property Plant and Equipment 5 20,995 20,995 - - -
6 Investment Property 6 300,000 52,675 160,761 86,564 - 247,325 -
9 Financial Investments (total of lines 9 to 12) 2,903,859 - 280,040 1,253,775 1,370,044 - 2,623,819 - - - -
10 HTM Financial Assets 9 1,167,401 - 783,408 383,993 1,167,401 -
11 Loans and receivables 10 1,130,101 9,084 458,107 662,910 1,121,017 -
13 12 415,237 266,469 - 148,768 148,768 -
Loss
15 Reinsurance Receivables 14 - - - - -
16 Premium Receivables 15 11,908 11,908 - 11,908 -
17 Other Assets 16 97,791 58,078 26,506 13,207 39,713 -
18 Deferred Acquisition Cost - - - - -
20 3,491,539 - 411,788 1,503,621 1,576,130 - 3,079,751 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,928,302 - 1,421,487 1,506,815 2,928,302 -
23 Reinsurance Payable 18 - - - - - -
24 Deferred Revenue - - - - - -
25 Interest bearing liabilities - - - - - -
27 Total Liabilities (Total of Lines 20 to 25) 3,166,385 - 86,633 1,503,622 1,576,130 - 3,079,752 - - - -
28 Stated Capital 839,016 839,016 - -
29 Other Reserves (10,419) (10,419) - -
31 Restricted regulatory reserve - - - -
32 Retained Earnings (565,340) (565,340) - -
34 3,491,541 - 411,789 1,503,622 1,576,130 - 3,079,752 - - - -
( 26+31)
24
LOLC LOLC Life (All figures in LKR '000)
1 6 7 11
2 3 4 5 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
4 Right of use assets 104,260 104,260 104,260 -
8 Investment in Associates 8 89,550 89,550 - - - - - - - -
9 Financial Investments (total of lines 9 to 12) 8,730,580 - 2,016,342 265,033 3,957,295 2,491,910 6,714,238 - - - -
11 Loans and receivables 10 2,870,752 627,713 - 1,476,150 766,889 2,243,039 -
12 AFS Financial Assets 11 4,407,438 788,778 182,277 2,046,059 1,390,324 3,618,660 -
13 12 1,452,390 599,851 82,756 435,086 334,697 852,539 -
Loss
14 Outstanding policy loans 13 72,119 - 4,440 477 67,202 72,119 -
15 Reinsurance Receivables 14 50,771 - 220 44,438 6,113 50,771 -
16 Premium Receivables 15 175,873 - 1,859 61,830 112,184 175,873 -
17 Other Assets 16 122,046 (315,722) 316,468 - 139,947 42,294 121,300 -
19 Cash and Cash Equivalents 249,289 30,920 397 217,879 93 218,369 -
20 9,622,145 (315,722) 2,480,938 271,949 4,526,126 2,719,796 7,456,930 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 6,087,274 251,745 3,275,960 2,559,569 6,087,274 -
22 Employee Benefits 18,612 18,612 18,612 -
23 Reinsurance Payable 18 134,704 (4,923) 77,433 62,194 134,704 -
25 Interest bearing liabilities 78,201 78,201 - -
26 Other Liabilities 19 901,538 (315,722) 920 25,128 1,154,119 98,034 1,216,340 -
27 Total Liabilities (Total of Lines 20 to 25) 7,220,328 (315,722) 79,121 271,950 4,526,124 2,719,796 7,456,930 - - - -
28 Stated Capital 1,350,000 1,350,000 - -
29 Other Reserves (53,812) (53,812) - -
31 Restricted regulatory reserve 256,134 256,134 - -
32 Retained Earnings 849,494 849,494 - -
34 9,622,144 (315,722) 2,480,937 271,950 4,526,124 2,719,796 7,456,930 - - - -
( 26+31)
25
MBSL MBSL (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
5 Property Plant and Equipment 5 117 117 - -
9 Financial Investments (total of lines 9 to 12) 967,781 - 495,328 42,918 429,535 - 472,453 - - - -
10 HTM Financial Assets 9 - 0 0 0 - -
13 12 - 0 0 0 - -
Loss
14 Outstanding policy loans 13 3,979 - 0 0 3,979 3,979 -
15 Reinsurance Receivables 14 12,726 0 0 12,726 12,726 -
16 Premium Receivables 15 1,678 - 0 128 1,550 1,678 -
17 Other Assets 16 7,825 6,962 66 797 863 -
18 Deferred Acquisition Cost - - 0 0 0 - -
19 Cash and Cash Equivalents 10,158 - 0 774 9,384 10,158 -
20 1,004,264 - 502,407 43,886 457,971 - 501,857 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 410,103 30,105 379,998 410,103 -
22 Employee Benefits 1,467 112 1,355 1,467 -
23 Reinsurance Payable 18 11,250 156 11,094 11,250 -
24 Deferred Revenue - 0 0 - -
25 Interest bearing liabilities - 0 0 - -
27 Total Liabilities (Total of Lines 20 to 25) 501,856 - - 43,886 457,970 - 501,856 - - - -
28 Stated Capital 400,000 400,000 - -
29 Other Reserves - 0 - -
30 Revaluation reserves - 0 - -
31 Restricted regulatory reserve - 0 - -
34 1,004,262 - 502,406 43,886 457,970 - 501,856 - - - -
( 26+31)
26
SSRS Sanasa (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
6 Investment Property 6 79,364 22,300 57,064 57,064 -
7 Investment in Subsidiaries 7 306,141 306,141 - - - - - - - -
7.1 Investment in segregated company** 306,141 306,141 - -
8 Investment in Associates 8 400 400 - - - - - - - -
8.2 Investment in other companies** 400 400 - -
9 Financial Investments (total of lines 9 to 12) 1,810,308 - 566,586 121,622 980,047 142,053 1,243,722 - - - -
11 Loans and receivables 10 1,427,966 287,860 112,749 885,304 142,053 1,140,106 -
12 AFS Financial Assets 11 6,381 6,381 - - - - -
13 12 375,961 272,345 8,873 94,743 - 103,616 -
Loss
14 Outstanding policy loans 13 31,589 - 653 20,501 10,435 31,589 -
15 Reinsurance Receivables 14 16,057 - 88 5,106 10,863 16,057 -
16 Premium Receivables 15 16,515 - 773 55 15,687 16,515 -
17 Other Assets 16 120,121 - 120,121 - - - - -
18 Deferred Acquisition Cost - - - - - - - -
19 Cash and Cash Equivalents 36,614 - 36,614 - - - - -
20 2,682,497 - 1,317,550 123,136 1,062,773 179,038 1,364,947 - - - -
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 1,013,024 - 97,948 770,231 144,845 1,013,024 -
22 Employee Benefits 7,365 - 533 5,956 876 7,365 -
23 Reinsurance Payable 18 12,592 - 241 5,152 7,199 12,592 -
25 Interest bearing liabilities 202,845 202,845 - - - - -
26 Other Liabilities 19 224,777 95,560 19,381 82,612 27,224 129,217 -
27 Total Liabilities (Total of Lines 20 to 25) 1,460,603 - 298,405 118,103 863,951 180,144 1,162,198 - - - -
28 Stated Capital 1,045,346 1,045,346 - - - - -
29 Other Reserves - - - - - - -
30 Revaluation reserves - - - - - -
31 Restricted regulatory reserve - - - - - - -
32 Retained Earnings 176,549 (26,201) 5,034 198,822 (1,106) 202,750 -
33 Total Shareholders' Equity (27 to 30) 1,221,895 - 1,019,145 5,034 198,822 (1,106) 202,750 - - - -
34 2,682,498 - 1,317,550 123,137 1,062,773 179,038 1,364,948 - - - -
( 26+31)
27
SLIC SriLanka Insurance (All figures in LKR '000)
Unit Account-
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
7.2 Investment in other companies** 3,296,543 3,296,543 - -
9 Financial Investments (total of lines 9 to 12) 163,548,020 - 12,139,906 137,155,347 14,252,768 - 151,408,114 - - - -
10 HTM Financial Assets 9 60,399,783 591,269 55,893,384 3,915,129 59,808,513 -
11 Loans and receivables 10 31,897,236 2,508,760 24,111,232 5,277,244 29,388,476 -
12 AFS Financial Assets 11 53,600,390 6,231,572 44,946,868 2,421,951 47,368,818 -
13 12 17,650,612 2,808,305 12,203,863 2,638,444 14,842,306 -
Loss
14 Outstanding policy loans 13 1,520,439 1,519,281 1,159 1,520,439 -
17 Other Assets 16 3,544,029 263,965 2,846,744 433,320 3,280,064 -
18 Deferred Acquisition Cost - - - -
19 Cash and Cash Equivalents 10,788,603 3,480,936 1,053,157 6,254,510 7,307,667 -
20 184,519,748 - 19,279,290 144,071,174 21,169,283 - 165,240,458 - - - -
18)
Liabilities - - -
22 Employee Benefits 917,181 - 796,146 121,034 917,181 -
23 Reinsurance Payable 18 1,094,167 - 949,777 144,390 1,094,167 -
26 Other Liabilities 19 8,232,575 1,144,762 6,152,482 935,331 7,087,813 -
27 Total Liabilities (Total of Lines 20 to 25) 166,318,060 - 1,144,762 144,012,875 21,160,423 - 165,173,298 - - - -
28 Stated Capital 3,260,333 3,146,247 99,031 15,055 114,086 -
29 Other Reserves 71,673 71,673 - - - -
31 Restricted regulatory reserve 14,771,445 14,818,369 (40,731) (6,192) (46,924) -
33 Total Shareholders' Equity (27 to 30) 18,201,688 - 18,134,525 58,300 8,863 - 67,163 - - - -
34 184,519,748 - 19,279,288 144,071,174 21,169,286 - 165,240,460 - - - -
( 26+31)
28
UAPLC Union Life (All figures in LKR '000)
1 7 11
2 3 4 5 6 8 9 10
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 1,545,529 914,214 631,315 631,315 -
4 Right of use assets 421,885 - 421,885 421,885 -
5 Property Plant and Equipment 5 2,746,114 2,448,161 297,953 2,746,114 -
6 Investment Property 6 - - - - - - -
7 Investment in Subsidiaries 7 1,513,031 - 1,513,031 - - - - - - - -
7.1 Investment in segregated company** 1,513,031 1,513,031 - - - - -
8.1 Investment in segregated company** - - - - - -
9 Financial Investments (total of lines 9 to 12) 59,329,071 - 9,624,140 8,736,230 7,652,814 32,162,946 48,551,990 233,388 - 919,553 1,152,941
10 HTM Financial Assets 9 28,941,570 4,187,718 4,409,814 3,063,249 17,280,789 24,753,852 - - - -
12 AFS Financial Assets 11 7,055,753 3,883,663 851,746 278,030 1,913,949 3,043,725 128,365 128,365
13 12 6,253,307 280,706 949,679 569,060 3,534,309 5,053,048 - - 919,553 919,553
Loss
14 Outstanding policy loans 13 1,932,079 - - 124,273 32,169 1,775,637 1,932,079 - - - -
15 Reinsurance Receivables 14 969,446 - - 37,080 762,614 169,161 968,855 591 - 591
16 Premium Receivables 15 532,975 - - 7,253 179,700 346,022 532,975 - - - -
17 Other Assets 16 801,758 (1,988,992) 2,023,478 7,814 538,800 203,517 750,131 3,639 - 13,502 17,141
18 Deferred Acquisition Cost - - - - - - - - - - -
19 Cash and Cash Equivalents 969,748 14,921 51 953,566 50 953,667 1,104 56 1,160
20 70,761,636 (1,988,992) 14,089,784 8,912,701 12,567,824 36,008,486 57,489,011 238,722 - 933,111 1,171,833
18)
Liabilities - - -
21 Insurance Contract Liabilities 17 49,368,892 8,357,321 4,905,791 35,098,969 48,362,081 90,619 916,192 1,006,811
22 Employee Benefits 239,915 - 239,915 - 239,915 - - - -
23 Reinsurance Payable 18 1,038,267 36,338 1,136,017 (135,480) 1,036,875 1,392 - - 1,392
24 Deferred Revenue - - - - - - - - - - -
25 Interest bearing liabilities - - - - - - - - - - -
26 Other Liabilities 19 4,659,469 (1,988,992) 504,337 478,199 4,544,870 959,070 5,982,139 145,066 16,919 161,985
27 Total Liabilities (Total of Lines 20 to 25) 55,306,543 (1,988,992) 504,337 8,871,858 10,826,593 35,922,559 55,621,010 237,077 - 933,111 1,170,188
28 Stated Capital 1,000,000 - 1,000,000 - - - - - - -
29 Other Reserves 213,023 - 139,742 40,843 (55,134) 85,927 71,636 1,645 - 1,645
30 Revaluation reserves 2,272,226 - 475,861 1,796,365 - 1,796,365 - -
31 Restricted regulatory reserve 3,381,934 - 3,381,934 - - - - - - -
32 Retained Earnings 8,587,910 8,587,910 - - - - - -
33 Total Shareholders' Equity (27 to 30) 15,455,093 - 13,585,447 40,843 1,741,231 85,927 1,868,001 1,645 - - 1,645
34 70,761,636 (1,988,992) 14,089,784 8,912,701 12,567,824 36,008,486 57,489,011 238,722 - 933,111 1,171,833
( 26+31)
29
STATEMENT FINANCIAL POSITION AS AT 31ST DECEMBER 2020 - LIFE INSURANCE BUSINESS
AS AT 31.12.2020
INDUSTRY (All figures in LKR '000)

Line Industry Note Participating Universal Life Total Non guaranteed Total
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - - - - - - - - - -
2 Intangible Assets 2,726,943 - 2,120,720 621 1,385 604,217 606,223 - - - -
3 Deferred Expenses 8,356 - 8,356 - - - - - - - -
4 Right of Use Assets 3,583,970 - 1,467,758 1,033,117 748,030 335,065 2,116,212 - - - -
5 Property Plant and Equipment 14,279,192 - 4,391,000 7,090,353 2,586,172 211,667 9,888,192 - - - -
6 Investment Property 5,905,075 - 4,513,775 1,289,900 101,400 - 1,391,300 - - - -
7 Investment in Subsidiaries 3,889,684 - 3,874,684 15,000 - - 15,000 - - - -
7.2 Investment in other companies** 2,433,543 - 2,418,543 15,000 - - 15,000 - - - -
8 Investment in Associates 2,195,063 - 2,152,073 13,858 29,132 - 42,990 - - - -
8.2 Investment in other companies** 808,072 - 765,082 13,858 29,132 - 42,990 - - - -
Financial Investments (total of
9 479,156,231 - 91,504,234 198,405,814 62,943,984 116,835,681 378,185,479 602,914 95,622 8,767,981 9,466,517
lines 9 to 12)
10 HTM Financial Assets 126,445,932 - 10,975,360 85,173,141 10,006,952 20,290,479 115,470,571 - - - -
11 Loans and receivables 191,164,982 - 42,355,392 49,892,113 40,573,326 52,611,581 143,077,020 290,763 95,622 5,346,185 5,732,570
12 AFS Financial Assets 126,400,349 - 30,546,670 48,645,443 6,925,631 39,312,007 94,883,082 236,622 - 733,976 970,598
Financial Assets at Fair Value through
13 35,144,970 - 7,626,813 14,695,118 5,438,076 4,621,614 24,754,807 75,529 - 2,687,821 2,763,350
Profit and Loss
14 Outstanding policy loans 6,934,263 - - 3,064,227 1,339,638 2,530,398 6,934,263 - - - -
15 Reinsurance Receivables 2,091,843 - 75,147 501,878 1,186,203 305,505 1,993,586 19,641 - 3,468 23,110
16 Premium Receivables 2,971,782 - - 712,661 1,302,415 929,260 2,944,335 4,723 - 22,724 27,447
17 Other Assets 19,086,571 (2,044,699) 14,400,665 3,709,210 2,218,167 750,636 6,579,292 93,139 - 58,174 151,313
18 Deferred Acquisition Cost 1,284,402 - 1,284,402 - - - - - - - -
19 Cash and Cash Equivalents 18,592,589 - 3,017,573 5,487,809 8,061,093 1,980,538 15,529,441 28,144 77 17,354 45,575
Total Assets (Total of Lines 1 to 8
20 562,705,964 (2,044,699) 128,810,388 221,324,448 80,517,620 124,482,966 426,226,313 748,561 95,699 8,869,702 9,713,963
and 13 to 18)
Equity and Liabilities - - - - - - - - - - -
Liabilities - - - - - - - - - - -
21 Insurance Contract Liabilities 397,017,531 - - 208,337,399 61,639,608 118,034,082 388,011,089 130,854 95,302 8,780,287 9,006,443
22 Employee Benefits 2,384,463 - 533,744 1,138,935 659,447 52,337 1,850,719 - - - -
23 Reinsurance Payable 3,321,887 - 163,316 614,292 2,376,122 113,011 3,103,425 42,003 - 13,143 55,146
24 Deferred Revenue 993,707 - - 443,866 430,801 110,889 985,556 8,151 - - 8,151
25 Interest bearing liabilities 3,614,092 - 2,937,699 298,879 346,035 31,479 676,394 - - - -
26 Other Liabilities 29,322,263 (2,044,699) 2,769,451 10,314,601 13,254,864 4,520,205 27,990,949 532,978 397 73,186 606,562
Total Liabilities (Total of Lines 20
27 436,653,944 (2,044,699) 6,404,210 221,147,973 78,706,875 122,862,004 422,618,131 713,986 95,699 8,866,616 9,676,301
to 25)
Shareholders' Equity - - - - - - - - - - -
28 Stated Capital 14,934,343 - 14,934,343 - - - - - - - -
29 Other Reserves 13,432,536 - 11,132,202 456,743 177,796 1,628,134 2,262,673 34,575 - 3,086 37,661
30 Revaluation reserves 2,991,480 - 1,230,044 123,328 1,638,108 - 1,761,436 - - - -
31 Restricted regulatory reserve 16,248,326 - 16,248,326 - - - - - - - -
32 Retained Earnings 78,445,335 - 78,861,261 (403,596) (5,158) (7,172) (415,926) - - - -
33 Total Shareholders' Equity (27 to 30) 126,052,021 - 122,406,176 176,476 1,810,746 1,620,962 3,608,184 34,575 - 3,086 37,661
Total Liabilities and Shareholders'
34 562,705,965 (2,044,699) 128,810,387 221,324,449 80,517,622 124,482,966 426,226,315 748,561 95,699 8,869,701 9,713,962
Equity ( 26+31)
30
ANDBPLC AIA Insurance (All figures in LKR '000)
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
9 64,625,812 - 18,356,044 - 436,579 40,429,529 40,866,108 238,026 95,622 5,070,012 5,403,660
lines 9 to 12)
11 Loans and receivables 10 26,241,933 4,484,797 0 132,658 17,772,275 17,904,933 238,026 95,622 3,518,555 3,852,203
12 AFS Financial Assets 11 36,832,422 13,871,247 0 303,921 22,657,254 22,961,175
13 12 1,551,457 - - 1,551,457 1,551,457
Profit and Loss
14 Outstanding policy loans 13 579,049 - 579,049 579,049
15 Reinsurance Receivables 14 141,249 0 3,203 124,514 127,717 13,532 13,532
16 Premium Receivables 15 430,327 0 39 430,288 430,327
17 Other Assets 16 2,536,782 1,926,495 537,422 537,422 72,865 72,865
18 Deferred Acquisition Cost - -
19 Cash and Cash Equivalents 1,451,514 13,073 33 1,409,260 1,409,293 27,266 77 1,805 29,148
20 72,388,787 - 22,919,666 - 439,854 43,510,062 43,949,916 351,689 95,699 5,071,817 5,519,205
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 45,587,414 0 404,785 39,960,322 40,365,107 72,865 95,302 5,054,140 5,222,307
22 Employee Benefits 338,709 338,709 0 0 - 0 0 0 -
23 Reinsurance Payable 18 216,764 0 29,306 171,086 200,392 16,372 0 0 16,372
24 Deferred Revenue 53,367 0 0 45,216 45,216 8,151 0 0 8,151
25 Interest bearing liabilities - 0 0 0 - 0 0 0 -
26 Other Liabilities 19 5,612,848 2,001,273 5,763 3,333,438 3,339,201 254,301 397 17,676 272,374
27 51,809,102 - 2,339,982 - 439,854 43,510,062 43,949,916 351,689 95,699 5,071,816 5,519,204
to 25)
28 Stated Capital 511,922 511,922 - -
29 Other Reserves 1,766,854 1,766,854 - -
34 72,388,786 - 22,919,666 - 439,854 43,510,062 43,949,916 351,689 95,699 5,071,816 5,519,204
Equity ( 26+31)
31
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
3 Deferred Expenses 8,356 8,356 - -
4 Right of Use Assets - - -
9 5,834,950 - - - 177,123 5,215,199 5,392,322 - - 442,628 442,628
lines 9 to 12)
11 Loans and receivables 10 154,758 154,758 - 154,758 -
12 AFS Financial Assets 11 5,680,192 22,365 5,215,199 5,237,564 442,628 442,628
13 12 - - -
Profit and Loss
14 Outstanding policy loans 13 - - -
15 Reinsurance Receivables 14 78,615 75,147 - 3,468 3,468
16 Premium Receivables 15 51,440 - 48,474 48,474 2,966 2,966
17 Other Assets 16 396,041 396,041 - - - - -
18 Deferred Acquisition Cost 1,284,402 1,284,402 - -
19 Cash and Cash Equivalents 93,650 (114,951) 8,310 191,165 199,475 9,127 9,127
20 7,758,471 - 1,660,011 - 185,433 5,454,838 5,640,271 - - 458,189 458,189
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 5,168,296 174,319 4,551,353 4,725,672 442,624 442,624
22 Employee Benefits 16,484 16,484 - -
23 Reinsurance Payable 18 176,459 163,316 - 13,143 13,143
26 Other Liabilities 19 241,305 238,882 - - 2,423 2,423
27 5,679,331 - 418,683 - 185,433 4,617,026 4,802,459 - - 458,189 458,189
to 25)
28 Stated Capital 739,624 739,624 - -
29 Other Reserves 603,225 (234,587) - 837,812 837,812 -
31 Restricted regulatory reserve - - - -
33 Total Shareholders' Equity (27 to 30) 2,079,139 - 1,241,327 - - 837,812 837,812 - - - -
34 7,758,471 - 1,660,010 - 185,433 5,454,838 5,640,271 - - 458,189 458,189
Equity ( 26+31)
32
ATPLC AmanaLife (All figures in LKR '000)
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 18,363 18,363 - - -
3 Deferred Expenses - - - - -
4 Right of Use assets 20,839 20,839 -
5 Property Plant and Equipment 5 15,347 15,347 - - - -
6 Investment Property 6 147,500 147,500 - - - -
9 2,762,764 - 346,756 - 512,512 - 512,512 30,768 - 1,872,728 1,903,496
lines 9 to 12)
10 HTM Financial Assets 9 - - - - - - - - - -
11 Loans and receivables 10 2,523,404 - 314,072 - 423,238 423,238 30,768 - 1,755,325 1,786,093
12 AFS Financial Assets 11 157,280 - 32,683 - 89,274 89,274 - - 35,323 35,323
13 12 82,080 - - - - - - - 82,080 82,080
Profit and Loss
14 Outstanding policy loans 13 - - - - - - - - - -
15 Reinsurance Receivables 14 11,449 - - - 5,548 5,548 5,901 - - 5,901
16 Premium Receivables 15 37,119 - - - 12,671 12,671 4,690 - 19,758 24,448
17 Other Assets 16 39,848 (62,407) 38,312 - 1,536 1,536 16,367 - 46,040 62,407
18 Deferred Acquisition Cost - - - - - - - - - -
19 Cash and Cash Equivalents 45,994 - 4,396 - 35,230 35,230 - - 6,367 6,367
20 3,099,222 (62,407) 591,513 - 567,497 - 567,497 57,726 - 1,944,894 2,002,620
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,358,888 - - - 445,782 445,782 20,542 - 1,892,564 1,913,107
22 Employee Benefits 11,711 - 11,711 - - - - - - -
23 Reinsurance Payable 18 60,509 - - - 35,374 35,374 25,136 - - 25,136
24 Deferred Revenue - - - - - - - - - -
25 Interest bearing liabilities 83,375 83,375 - - -
26 Other Liabilities 19 125,127 (62,407) 45,815 - 80,427 80,427 12,048 - 49,244 61,292
27 2,639,610 (62,407) 140,901 - 561,583 - 561,583 57,726 - 1,941,808 1,999,534
to 25)
28 Stated Capital 500,000 - 500,000 - - - - - - -
29 Other Reserves 9,000 - - - 5,914 5,914 - - 3,086 3,086
30 Revaluation reserves 2,545 - 2,545 - - - - - - -
31 Restricted regulatory reserve - - - - - - - - - -
32 Retained Earnings (51,933) - (51,933) - - - - - - -
33 Total Shareholders' Equity (27 to 30) 459,612 - 450,612 - 5,914 - 5,914 - - 3,086 3,086
34 3,099,222 (62,407) 591,513 - 567,497 - 567,497 57,726 - 1,944,894 2,002,620
Equity ( 26+31)
33
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 413 413 413 -
5 Property Plant and Equipment 5 59,060 59,060 59,060 -
9 2,682,476 - 1,053,797 - 1,628,679 - 1,628,679 - - - -
lines 9 to 12)
11 Loans and receivables 10 2,304,768 1,053,797 1,250,971 1,250,971 -
12 AFS Financial Assets 11 377,709 377,709 377,709 -
13 12 - - -
Profit and Loss
15 Reinsurance Receivables 14 7,170 7,170 7,170 -
17 Other Assets 16 199,983 277,137 (77,153) (77,153) -
20 4,175,491 - 1,881,351 - 2,294,140 - 2,294,140 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 1,904,914 1,904,914 1,904,914 -
23 Reinsurance Payable 18 85,919 85,919 85,919 -
27 2,314,682 - 20,542 - 2,294,140 - 2,294,140 - - - -
to 25)
28 Stated Capital 675,565 675,565 - -
34 4,175,491 - 1,881,351 - 2,294,140 - 2,294,140 - - - -
Equity ( 26+31)
34
AAIPLC Softlogic Life (All figures in LKR '000)
Unit Account-
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - - - - - -
2 Intangible Assets 404 404 - - - - -
3 Deferred Expenses - - - - - - -
4 Right of Use Assets 752,394 - 428,864 323,530 - 752,394 -
5 Property Plant and Equipment 5 660,927 402,384 258,543 - - 258,543 -
9 27,367,792 - 8,059,692 7,354,974 11,368,644 584,482 19,308,100 - - - -
lines 9 to 12)
10 HTM Financial Assets 9 - - - - - -
11 Loans and receivables 10 19,213,702 4,775,857 4,274,232 9,674,734 488,879 14,437,845 -
12 AFS Financial Assets 11 4,050,056 1,201,698 2,080,027 768,331 - 2,848,358 -
13 12 4,104,034 2,082,137 1,000,715 925,579 95,603 2,021,897 -
Profit and Loss
14 Outstanding policy loans 13 234,462 - 222,534 11,928 234,462 -
16 Premium Receivables 15 856,281 - 72,763 783,169 349 856,281 -
17 Other Assets 16 2,456,293 1,738,676 707,345 (18,766) 29,038 717,617 -
19 Cash and Cash Equivalents 554,362 118,639 3,025 432,371 327 435,723 -
20 33,206,203 - 10,319,795 9,071,915 13,200,297 614,196 22,886,408 - - - -
and 13 to 18)
Liabilities - - -
22 Employee Benefits 182,332 - - 182,332 182,332 -
23 Reinsurance Payable 18 636,060 - 21,876 613,405 779 636,060 -
25 Interest bearing liabilities 3,077,635 2,852,245 - 225,390 225,390 -
26 Other Liabilities 19 2,532,850 (2,525,194) 1,532,219 4,041,929 (516,104) 5,058,044 -
27 23,269,956 - 327,051 9,140,497 13,188,212 614,196 22,942,905 - - - -
to 25)
28 Stated Capital 1,062,500 1,062,500 - - - -
29 Other Reserves (1,307,313) (1,185,351) (161,291) 39,329 (121,962) -
30 Revaluation reserves 92,709 - 92,709 - 92,709 -
32 Retained Earnings 9,290,347 9,317,591 - (27,244) (27,244) -
33 Total Shareholders' Equity (27 to 30) 9,936,247 - 9,992,744 (68,582) 12,085 - (56,497) - - - -
34 33,206,203 - 10,319,795 9,071,915 13,200,297 614,196 22,886,408 - - - -
Equity ( 26+31)
35
Line Long Term Insurance Business
Note Participating Universal Life Total Non guaranteed Total
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
5 Property Plant and Equipment 5 9,280,573 2,333,918 6,777,874 168,781 6,946,655 -
6 Investment Property 6 3,515,700 2,319,400 1,196,300 1,196,300 -
7 Investment in Subsidiaries 7 1,136,000 - 1,121,000 15,000 - - 15,000 - - - -
7.2 Investment in other companies** 1,136,000 1,121,000 15,000 15,000 -
8 Investment in Associates 8 807,672 764,682 13,858 29,132 - 42,990 - - - -
8.2 Investment in other companies** 807,672 764,682 13,858 29,132 42,990 -
9 128,248,463 - 26,619,551 55,107,170 18,414,822 27,777,663 101,299,655 - - 329,257 329,257
lines 9 to 12)
10 HTM Financial Assets 9 51,485,457 6,827,525 31,861,212 5,356,584 7,440,137 44,657,932 - -
12 AFS Financial Assets 11 13,032,168 1,814,917 5,092,130 1,061,136 4,807,960 10,961,225 256,025 256,025
13 12 3,097,684 209,977 2,615,825 270,956 2,886,780 927 927
Profit and Loss
14 Outstanding policy loans 13 1,282,725 646,029 636,697 1,282,725 -
17 Other Assets 16 4,632,370 4,479,337 99,947 53,087 153,034 -
19 Cash and Cash Equivalents 768,553 140,902 172,906 454,744 627,650 -
20 150,801,386 - 38,141,627 64,374,442 20,178,397 27,777,663 112,330,502 - - 329,257 329,257
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 107,394,766 62,484,450 16,803,395 27,777,663 107,065,509 329,257 329,257
25 Interest bearing liabilities 210,890 210,890 210,890 -
26 Other Liabilities 19 3,609,885 (3,409) 1,170,852 2,442,442 3,613,294 -
27 112,656,351 - (3,409) 64,374,442 20,178,397 27,777,663 112,330,502 - - 329,257 329,257
to 25)
28 Stated Capital 500,001 500,001 - -
29 Other Reserves 7,414,274 7,414,274 - -
34 150,801,386 - 38,141,627 64,374,442 20,178,397 27,777,663 112,330,502 - - 329,257 329,257
Equity ( 26+31)
36
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 1,593 621 972 1,593 -
9 2,952,789 - 634,109 1,573,994 744,686 - 2,318,680 - - - -
lines 9 to 12)
12 AFS Financial Assets 11 1,296,870 312,137 717,487 267,246 984,733 -
13 12 1,224 1,224 1,224 -
Profit and Loss
17 Other Assets 16 135,094 98,177 13,559 23,358 36,917 -
19 Cash and Cash Equivalents 27,814 27,814 27,814 -
20 3,510,426 - 939,446 1,707,494 863,486 - 2,570,980 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,136,122 1,547,259 588,863 2,136,122 -
24 Deferred Revenue - 0 0 - -
25 Interest bearing liabilities - 0 0 - -
27 2,402,687 - - 1,612,063 790,624 - 2,402,687 - - - -
to 25)
28 Stated Capital 574,260 574,260 0 0 - - -
29 Other Reserves 162,536 53,142 64,812 44,582 109,394 -
30 Revaluation reserves 108,774 49,874 30,619 28,281 58,900 -
31 Restricted regulatory reserve - - 0 0 0 - -
32 Retained Earnings 262,170 262,170 0 0 - -
33 Total Shareholders' Equity (27 to 30) 1,107,740 - 939,446 95,431 72,863 - 168,294 - - - -
34 3,510,427 - 939,446 1,707,494 863,487 - 2,570,981 - - - -
Equity ( 26+31)
37
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
7.1 Investment in segregated company** 1,150,000 1,150,000 - -
9 22,075,265 - 4,385,180 4,528,235 3,133,816 10,028,033 17,690,084 - - - -
lines 9 to 12)
11 Loans and receivables 10 15,060,717 4,058,057 2,182,934 2,530,408 6,289,318 11,002,660 -
12 AFS Financial Assets 11 6,313,997 166,723 2,117,511 603,408 3,426,354 6,147,274 -
13 12 700,551 160,400 227,790 - 312,361 540,151 -
Profit and Loss
14 Outstanding policy loans 13 379,736 - 164,781 150 214,805 379,736 -
15 Reinsurance Receivables 14 172,699 - 3,113 165,110 4,476 172,699 -
16 Premium Receivables 15 4,988 - 1,501 799 2,688 4,988 -
17 Other Assets 16 1,307,577 1,214,569 5,983 20,057 66,968 93,008 -
20 26,042,871 - 7,383,089 4,710,582 3,335,957 10,613,243 18,659,782 - - - -
and 13 to 18)
Liabilities - - -
23 Reinsurance Payable 18 290,916 - 8,044 272,584 10,288 290,916 -
26 Other Liabilities 19 1,507,188 729,305 157,847 217,205 402,831 777,883 -
27 18,781,883 - 880,034 4,467,801 3,278,501 10,155,547 17,901,849 - - - -
to 25)
28 Stated Capital 1,171,875 1,171,875 - - - - -
29 Other Reserves 739,643 (18,290) 242,781 57,456 457,696 757,933 -
32 Retained Earnings 4,968,314 4,968,314 - - - -
33 Total Shareholders' Equity (27 to 30) 7,260,988 - 6,503,055 242,781 57,456 457,696 757,933 - - - -
34 26,042,871 - 7,383,089 4,710,582 3,335,957 10,613,243 18,659,782 - - - -
Equity ( 26+31)
38
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - - - - -
2 Intangible Assets 64,074 64,074 - - - -
3 Deferred Expenses - - - - - -
4 Right of use assets 224,524 - - 107,772 116,753 224,524 -
5 Property Plant and Equipment 5 354,972 338,311 - 7,997 8,664 16,661 -
6 Investment Property 6 1,984,575 1,984,575 - - - -
9 19,119,139 - 6,299,163 2,161,987 5,402,140 5,255,849 12,819,976 - - - -
lines 9 to 12)
11 Loans and receivables 10 8,380,519 2,602,409 84,518 2,583,226 3,110,365 5,778,110 -
12 AFS Financial Assets 11 3,553,210 2,555,013 - 693,457 304,740 998,197 -
13 12 7,185,410 1,141,741 2,077,470 2,125,456 1,840,743 6,043,669 -
Profit and Loss
14 Outstanding policy loans 13 220,864 - 1,350 111,259 108,255 220,864 -
15 Reinsurance Receivables 14 48,928 - - 48,928 48,928 -
16 Premium Receivables 15 102,152 - 919 60,199 41,034 102,152 -
17 Other Assets 16 1,732,089 1,464,174 (83) 241,271 26,727 267,915 -
20 24,078,223 - 10,151,306 2,229,930 6,056,433 5,640,553 13,926,917 - - - -
and 13 to 18)
Equity and Liabilities - -
Liabilities - -
22 Employee Benefits 98,692 - - 47,372 51,320 98,692 -
23 Reinsurance Payable 18 56,105 - 1,154 54,950 56,105 -
25 Interest bearing liabilities 85,394 2,078 22,779 29,058 31,479 83,316 -
26 Other Liabilities 19 1,147,796 122,015 231,867 522,268 271,647 1,025,782 -
27 14,011,074 - 124,093 2,229,930 6,016,498 5,640,553 13,886,982 - - - -
to 25)
28 Stated Capital 4,853,752 4,853,752 - - - -
29 Other Reserves (196,953) (236,888) - 39,935 39,935 -
31 Restricted regulatory reserve 1,795,829 1,795,829 - - - -
32 Retained Earnings 3,614,522 3,614,522 - - - -
33 Total Shareholders' Equity (27 to 30) 10,067,149 - 10,027,214 - 39,935 - 39,935 - - - -
34 24,078,223 - 10,151,307 2,229,930 6,056,433 5,640,553 13,926,917 - - - -
Equity ( 26+31)
39
NIC National Insurance Company (All figures in LKR '000)
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
3 Deferred Expenses - - - - -
9 255,605 - - 43,253 212,352 - 255,605 - - - -
lines 9 to 12)
11 Loans and receivables 10 116,093 - 1,360 114,734 116,093 -
12 AFS Financial Assets 11 - 0 0 - -
13 12 139,512 - 41,893 97,618 139,512 -
Profit and Loss
14 Outstanding policy loans 13 35,795 - 35,795 0 35,795 -
15 Reinsurance Receivables 14 - - 0 0 - -
16 Premium Receivables 15 - - 0 0 - -
17 Other Assets 16 187,893 - -10.78237 187,904 187,893 -
18 Deferred Acquisition Cost - - 0 0 - -
19 Cash and Cash Equivalents 55,984 - 1,530 54,454 55,984 -
20 535,277 - - 80,567 454,710 - 535,277 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 58,332 - -245,136 303,468 58,332 -
22 Employee Benefits - - - - - -
23 Reinsurance Payable 18 - - - - - -
25 Interest bearing liabilities 156,798 - 65,211 91,587 156,798 -
26 Other Liabilities 19 320,147 - 260,493 59,654 320,147 -
27 535,277 - - 80,567 454,709 - 535,277 - - - -
to 25)
28 Stated Capital - - -
33 Total Shareholders' Equity (27 to 30) - - - - - - - - - - -
34 535,277 - - 80,567 454,709 - 535,277 - - - -
Equity ( 26+31)
40
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 292 292 - -
5 Property Plant and Equipment 5 22,298 22,298 - - - -
6 Investment Property 6 240,000 45,000 93,600 101,400 195,000 -
9 2,768,004 - 108,833 1,019,485 1,639,686 - 2,659,171 - - - -
lines 9 to 12)
10 HTM Financial Assets 9 1,112,895 - 727,067 385,828 1,112,895 -
13 12 283,403 - - 283,403 283,403 -
Profit and Loss
15 Reinsurance Receivables 14 - - -
16 Premium Receivables 15 7,675 7,675 - 7,675 -
17 Other Assets 16 111,762 74,953 26,392 10,417 36,809 -
20 3,333,687 - 251,376 1,233,589 1,848,722 - 3,082,311 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 2,985,435 1,167,965 1,817,470 2,985,435 -
22 Employee Benefits 16,111 16,111 - -
23 Reinsurance Payable 18 - - -
27 3,272,846 - 190,534 1,233,590 1,848,722 - 3,082,312 - - - -
to 25)
28 Stated Capital 650,000 650,000 - -
29 Other Reserves 44,359 44,359 - -
32 Retained Earnings (695,417) (695,417) - -
34 3,333,687 - 251,375 1,233,590 1,848,722 - 3,082,312 - - - -
Equity ( 26+31)
41
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
9 6,983,039 - 1,310,530 277,674 3,292,092 2,102,742 5,672,508 - - - -
lines 9 to 12)
12 AFS Financial Assets 11 3,585,394 306,822 121,425 1,828,693 1,328,454 3,278,572 -
13 12 1,255,930 404,628 66,146 525,389 259,767 851,302 -
Profit and Loss
14 Outstanding policy loans 13 65,877 5,040 3,432 57,406 65,877 -
16 Premium Receivables 15 107,593 1,774 5,598 100,221 107,593 -
17 Other Assets 16 126,483 (438,611) 445,365 6,477 211,972 119,728 -
19 Cash and Cash Equivalents 294,421 10,994 234 282,998 194 283,427 -
20 7,752,075 (438,611) 1,801,020 291,199 3,934,516 2,262,671 6,389,665 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 5,119,536 252,924 2,968,870 1,897,742 5,119,536 -
23 Reinsurance Payable 18 128,844 (92) 72,929 56,007 128,844 -
26 Other Liabilities 19 689,504 (438,611) 3,764 38,367 875,782 308,921 1,124,350 -
27 5,954,819 (438,611) 3,764 291,199 3,934,516 2,262,671 6,389,665 - - - -
to 25)
28 Stated Capital 1,250,000 1,250,000 - -
29 Other Reserves 26,766 26,766 - -
31 Restricted regulatory reserve 256,134 256,134 - -
34 7,752,075 (438,611) 1,801,020 291,199 3,934,516 2,262,671 6,389,665 - - - -
Equity ( 26+31)
42
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
5 Property Plant and Equipment 5 221 221 - -
9 1,026,176 - 468,936 39,877 517,363 - 557,240 - - - -
lines 9 to 12)
12 AFS Financial Assets 11 43,647 - - 43,647 43,647 -
13 12 - - - - -
Profit and Loss
14 Outstanding policy loans 13 3,837 - 3,837 3,837 -
15 Reinsurance Receivables 14 5,451 - 5,451 5,451 -
16 Premium Receivables 15 2,380 198 2,182 2,380 -
17 Other Assets 16 10,530 1,589 6,881 2,060 8,941 -
20 1,064,582 - 470,745 48,285 545,551 - 593,836 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 495,043 37,711 457,332 495,043 -
22 Employee Benefits 1,046 87 959 1,046 -
23 Reinsurance Payable 18 21,538 404 21,134 21,538 -
27 595,770 - 1,934 48,285 545,551 - 593,836 - - - -
to 25)
28 Stated Capital 400,000 400,000 - -
34 1,064,582 - 470,745 48,285 545,551 - 593,836 - - - -
Equity ( 26+31)
43
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
6 Investment Property 6 17,300 17,300 - -
7.1 Investment in segregated company** 306,141 306,141 - -
8 Investment in Associates 8 400 400 - - - - - - - -
8.2 Investment in other companies** 400 400 - -
9 1,483,533 - 470,624 159,371 744,534 109,004 1,012,909 - - - -
lines 9 to 12)
12 AFS Financial Assets 11 6,381 6,381 - -
13 12 208,714 207,563 1,151 - - 1,151 -
Profit and Loss
14 Outstanding policy loans 13 40,833 668 29,675 10,490 40,833 -
15 Reinsurance Receivables 14 17,203 40 14,098 3,065 17,203 -
16 Premium Receivables 15 25,313 679 169 24,465 25,313 -
17 Other Assets 16 140,569 136,425 - 4,143 - 4,143 -
19 Cash and Cash Equivalents 39,151 39,151 - -
20 2,307,345 - 1,206,943 160,758 792,620 147,024 1,100,402 - - - -
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 935,071 152,066 657,074 125,931 935,071 -
22 Employee Benefits 8,354 628 6,709 1,017 8,354 -
23 Reinsurance Payable 18 11,633 213 4,694 6,727 11,633 -
26 Other Liabilities 19 259,832 183,311 6,119 49,881 20,521 76,521 -
27 1,214,890 - 183,311 159,027 718,357 154,196 1,031,580 - - - -
to 25)
28 Stated Capital 1,044,846 1,044,846 - -
32 Retained Earnings 47,610 (21,213) 1,731 74,263 (7,172) 68,822 -
33 Total Shareholders' Equity (27 to 30) 1,092,455 - 1,023,633 1,731 74,263 (7,172) 68,822 - - - -
34 2,307,345 - 1,206,943 160,758 792,620 147,024 1,100,402 - - - -
Equity ( 26+31)
44
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
5 Property Plant and Equipment 5 86,004 86,004 - - -
7.2 Investment in other companies** 1,296,543 1,296,543 - -
9 138,614,217 - 13,388,962 116,767,031 8,458,225 - 125,225,256 - - - -
lines 9 to 12)
10 HTM Financial Assets 9 51,319,075 593,669 48,239,522 2,485,885 50,725,407 -
11 Loans and receivables 10 32,654,202 4,082,414 23,740,250 4,831,538 28,571,788 -
12 AFS Financial Assets 11 43,263,216 5,844,053 36,903,791 515,372 37,419,163 -
13 12 11,377,724 2,868,825 7,883,468 625,431 8,508,899 -
Profit and Loss
14 Outstanding policy loans 13 1,728,553 - 1,727,230 1,323 1,728,553 -
16 Premium Receivables 15 531,495 - 470,879 60,616 531,495 -
17 Other Assets 16 3,883,949 714,188 2,807,776 361,985 3,169,761 -
18 Deferred Acquisition Cost - - - -
19 Cash and Cash Equivalents 12,963,071 2,170,556 5,176,740 5,615,774 10,792,515 -
20 160,051,510 - 17,656,253 127,789,252 14,606,005 - 142,395,257 - - - -
and 13 to 18)
Liabilities - - -
22 Employee Benefits 1,221,234 - 1,081,956 139,279 1,221,234 -
23 Reinsurance Payable 18 615,341 - 545,163 70,178 615,341 -
26 Other Liabilities 19 8,173,629 1,279,833 6,107,576 786,220 6,893,796 -
27 144,023,746 - 1,279,833 128,098,145 14,645,769 - 142,743,913 - - - -
to 25)
28 Stated Capital - - -
29 Other Reserves 2,884,888 2,776,040 96,434 12,414 108,848 -
32 Retained Earnings 12,987,262 13,444,766 (405,327) (52,177) (457,504) -
33 Total Shareholders' Equity (27 to 30) 16,027,765 - 16,376,421 (308,893) (39,763) - (348,656) - - - -
34 160,051,510 - 17,656,253 127,789,252 14,606,005 - 142,395,257 - - - -
Equity ( 26+31)
45
1 2 3 4 5 6 7 8 9 10 11
(4+5+6) (8+9+10)
Assets
1 Goodwill - - -
2 Intangible Assets 1,247,057 642,840 - - 604,217 604,217 -
3 Deferred Expenses - - - - - - -
4 Right of use assets 218,312 - - - 218,312 218,312 -
5 Property Plant and Equipment 5 2,468,821 - - 2,265,818 203,003 2,468,821 -
6 Investment Property 6 - - - - - - -
8 Investment in Associates 8 1,386,991 1,386,991 - - - - - - - -
8.1 Investment in segregated company** 1,386,991 1,386,991 - - - - -
9 52,356,208 - 10,002,057 9,372,763 6,260,732 25,333,180 40,966,675 334,120 - 1,053,356 1,387,476
lines 9 to 12)
10 HTM Financial Assets 9 22,160,419 3,449,527 4,136,664 1,723,886 12,850,342 18,710,892 - - -
11 Loans and receivables 10 17,084,129 1,571,100 2,864,491 3,828,918 8,797,651 15,491,060 21,969 - 21,969
12 AFS Financial Assets 11 7,954,413 4,429,888 1,592,172 123,684 1,572,047 3,287,903 236,622 - 236,622
13 12 5,157,247 551,542 779,436 584,244 2,113,140 3,476,820 75,529 1,053,356 1,128,885
Profit and Loss
14 Outstanding policy loans 13 1,793,470 - 177,248 55,829 1,560,393 1,793,470 -
15 Reinsurance Receivables 14 492,011 - 32,510 287,952 171,341 491,803 208 208
16 Premium Receivables 15 487,959 - 8,902 197,283 281,741 487,926 33 33
17 Other Assets 16 1,189,309 (1,543,681) 1,395,227 34,944 1,196,297 90,481 1,321,722 3,907 12,134 16,041
19 Cash and Cash Equivalents 960,270 9,131 68 950,091 47 950,206 878 55 933
20 62,600,408 (1,543,681) 13,436,246 9,626,435 11,214,002 28,462,715 49,303,152 339,146 - 1,065,545 1,404,691
and 13 to 18)
Liabilities - - -
21 Insurance Contract Liabilities 17 42,562,956 - 8,714,268 5,186,526 27,563,014 41,463,808 37,447 1,061,701 1,099,148
22 Employee Benefits 194,753 - - 194,753 - 194,753 -
23 Reinsurance Payable 18 533,023 - 22,974 641,430 (131,876) 532,528 495 - 495
26 Other Liabilities 19 4,201,187 (1,543,681) 496,958 675,186 3,603,300 698,951 4,977,437 266,629 3,844 270,473
27 47,491,919 (1,543,681) 496,958 9,412,428 9,626,009 28,130,089 47,168,526 304,571 - 1,065,545 1,370,116
to 25)
28 Stated Capital 1,000,000 1,000,000 - - - - - -
29 Other Reserves 1,285,258 725,884 214,007 (21,834) 332,626 524,799 34,575 - 34,575
30 Revaluation reserves 2,085,688 475,861 - 1,609,827 - 1,609,827 - -
31 Restricted regulatory reserve 3,381,934 3,381,934 - - - - - -
32 Retained Earnings 7,355,609 7,355,609 - - - - - -
33 Total Shareholders' Equity (27 to 30) 15,108,489 - 12,939,288 214,007 1,587,993 332,626 2,134,626 34,575 - - 34,575
34 62,600,408 (1,543,681) 13,436,246 9,626,435 11,214,002 28,462,715 49,303,152 339,146 - 1,065,545 1,404,691
Equity ( 26+31)
46
13. Extract of Income Statement of Long Term Insurance Business - 2021
FOR THE YEAR ENDED 31.12.2021

(All figures in LKR '000)

Company Shareholders
Industry Note Traditional Non Non-unit Unit Account - Unit Account-
Participating Universal Life Total Total
Participating account Guaranteed Non guaranteed
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 124,752,003 - 24,355,960 52,374,038 46,234,646 122,964,644 922,853 - 864,507 1,787,359
- - - - - - - - - -
Premiums ceded to reinsurers 5,024,788 - 151,310 4,107,457 673,178 4,931,945 78,047 - 14,796 92,843
Net change in - - - - - - - - - -
reserve for (2,836) - - (2,836) - (2,836) - - - -
unearned premium - - - - - - - - - -
Net earned premiums [1-2+3] 119,724,380 - 24,204,650 48,263,745 45,561,468 118,029,863 844,806 - 849,711 1,694,517
- - - - - - - - - -
Other revenue (5.1 to 5.5) 59,891,958 10,712,630 26,367,479 8,532,315 13,606,938 48,506,732 64,486 4,743 639,020 708,250
Investment income 54,249,795 9,295,334 24,923,111 7,644,541 11,875,737 44,443,389 33,290 4,743 473,039 511,073
Fees and commission income 1,623,111 446,485 66,745 360,270 1,090,750 1,517,765 (28,554) - (278,945) (307,499)
Realized gains 1,409,616 406,661 277,827 315,588 294,701 888,116 26,154 - 88,685 114,839
Fair value gains and losses 349,999 15,948 (150,236) 79,994 50,435 (19,807) (529) - 354,387 353,858
Other operating revenue (Please specify) 2,259,437 1,250,032 131,922 295,315 1,677,269 34,125 - 1,854 35,979
…………………… (58,049) (8,505) - 14,271 (63,814) (49,543) - - - -
…………………… 915 - - - 915 915 - - - -
- - - - - - - - - -
Net Income (4+5) 179,616,338 10,712,630 50,572,129 56,796,060 59,168,405 166,536,595 909,292 4,743 1,488,731 2,402,767
- - - - - - - - - -
Gross benefits and claims paid 48,060,376 - 17,565,238 18,201,404 11,023,044 46,789,686 920,173 - 350,517 1,270,690
Claims ceded to reinsurers (1,947,584) - (88,940) (1,375,195) (410,729) (1,874,864) (47,981) - (24,739) (72,720)
Gross change
Change in contract liabilities
in contract 6,866,519 - 17,321 534,248 6,614,568 7,166,137 (299,618) - - (299,618)
liabilities ceded to (523,116) - (2,557) (508,884) (11,292) (522,733) (383) - - (383)
reinsurers
Change in contract liability - life 53,035,884 (1,397,254) 19,579,984 16,421,957 17,898,080 53,900,020 182,843 - 350,275 533,118
Change in contract liability due to transfe - - - - - - - - - -
Net benefits and claims (7 to 11) 105,492,078 (1,397,254) 37,071,046 33,273,530 35,113,670 105,458,246 755,034 - 676,053 1,431,087
- - - - - - - - - -
Underwriting and
acquisition costs
19,150,013 131,447 3,788,145 7,189,424 7,992,919 18,970,489 24,129 - 23,947 48,077
(including
reinsurance)
Other operating and - - - - - - - - - -
administrative 30,623,268 1,202,186 8,360,630 7,402,405 13,400,477 29,163,512 130,129 1,101 161,993 293,223
expenses
Profit attributable to unit-holders 627,193 - - - - - - 3,642 623,551 627,193
Finance costs 594,161 260,289 157,507 4,041 172,325 333,873 - - - -
Other expenses (15 to 17) 31,812,869 1,462,474 8,518,137 7,406,446 13,572,802 29,497,385 130,129 4,743 785,544 920,416
- - - - - - - - - -
Profit before tax (6+12-13-18) 23,129,625 10,515,963 1,194,801 8,926,660 2,489,014 12,610,475 0 0 3,187 3,188
Income tax expense 6,372,870 3,945,098 760,598 1,412,779 254,395 2,427,772 - - - -
- - - - - - - - - -
Profit for the period (19-20) 16,756,755 6,570,865 434,203 7,513,880 2,234,620 10,182,703 0 0 3,187 3,188
47
Softlogic Softlogic Life (All figures in LKR '000)
Traditional Non Non-unit Unit Account - Unit Account-
Softlogic Life Note Participating account Guaranteed Non guaranteed
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)

GWP 20,053,302 - 4,411,793 14,526,894 1,114,614 20,053,302 -
- - -
Premiums ceded to reinsurers 1,857,795 - 43,794 1,809,533 4,468 1,857,795 -
Net change in - - -
reserve for - - - - - -
unearned premium - - -
Net earned premiums [1-2+3] 18,195,507 - 4,367,999 12,717,362 1,110,146 18,195,507 - - - -
- - -
Other revenue (5.1 to 5.5) 2,775,629 903,876 698,595 1,113,925 59,234 1,871,754 - - - -
Investment income 1 2,355,097 864,482 630,773 806,334 53,509 1,490,616 -
Fees and commission 2 - - - - - -
Realized gains 392,206 192,126 77,345 122,736 200,080 -
Fair value gains and losses 7,560 (159,433) (9,522) 170,791 5,725 166,994 -
Other operating reve 3 20,766 6,702 - 14,064 - 14,064 -
Sundry Income 20,766 6,702 - 14,064 - 14,064 -
…………………… - - -
- - -
Net Income (4+5) 20,971,136 903,876 5,066,594 13,831,286 1,169,380 20,067,260 - - - -
- -
Gross benefits and claims paid 6,519,061 - 733,820 5,778,937 6,305 6,519,061 -
Claims ceded to reinsurers (553,897) - (30,476) (515,860) (7,561) (553,897) -
Gross change
in contract (65,955) - 1,268 (68,756) 1,532 (65,955) -
liabilities ceded to 2,859 - 3,276 (417) - 2,859 -
reinsurers
Change in contract liability - life 4,143,426 - 1,136,968 2,740,529 265,929 4,143,426 -
Change in contract
liability due to
- - - - - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 10,045,494 - 1,844,855 7,934,433 266,205 10,045,494 - - - -
- - -
Underwriting and
acquisition costs
4,050,033 1,219,796 2,636,275 193,962 4,050,033 -
(including
reinsurance)
Other operating and - - -
administrative 4 3,726,366 11,748 1,905,249 1,100,156 709,213 3,714,618 -
expenses
Profit attributable to unit-holders - - -
Finance costs 183,569 221,454 96,693 (134,578) (37,885) -
Other expenses (15 to 17) 3,909,934 233,201 2,001,943 965,577 709,213 3,676,733 - - - -
- - -
Profit before tax (6+12-13-18) 2,965,674 670,674 - 2,295,000 (0) 2,295,000 - - - -
Income tax expense 860,806 860,806 - -
- - -
Profit for the period (19-20) 2,104,868 (190,132) - 2,295,000 (0) 2,295,000 - - - -
48
Arpico Note Participating Universal Life Total Total
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 2,311,633 1,616,987 694,646 2,311,633 -
- - -
Premiums ceded to reinsurers 103,292 102,259 1,033 103,292 -
Net change in - - -
reserve for - - -
Net earned premiums [1-2+3] 2,208,341 - - 1,514,728 693,613 2,208,341 - - - -
- - -
Other revenue (5.1 to 5.5) 309,772 70,422 - 167,426 71,925 239,350 - - - -
Investment income 1 257,076 70,422 130,565 56,090 186,654 -
Fees and commission 2 45,547 - 31,860 13,687 45,547 -
Realized gains - - -
Fair value gains and losses - - -
Other operating reve 3 7,149 5,001 2,148 7,149 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 2,518,113 70,422 - 1,682,153 765,538 2,447,691 - - - -
- -
Gross benefits and claims paid 627,710 148,477 479,233 627,710 -
Claims ceded to reinsurers (54,571) (40,358) (14,213) (54,571) -
Gross change
in contract 39,542 8,518 31,024 39,542 -
liabilities ceded to (8,374) (1,804) (6,570) (8,374) -
reinsurers
Change in contract liability - life 58,944 (267,503) 427,061 (100,614) 326,447 -
Change in contract
liability due to
- - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 663,250 (267,503) - 541,894 388,859 930,753 - - - -
- - -
Underwriting and
acquisition costs
1,141,854 877,888 263,966 1,141,854 -
(including
reinsurance)
administrative 4 375,446 363 262,371 112,713 375,084 -
expenses
Finance costs - - -
Other expenses (15 to 17) 375,446 363 - 262,371 112,713 375,084 - - - -
- - -
Profit before tax (6+12-13-18) 337,563 337,563 - (0) (0) (0) - - - -
- - -
Profit for the period (19-20) 236,882 236,882 - (0) (0) (0) - - - -
49
Allianz Life Allianz Life (All figures in LKR '000)
Allianz Life Note Participating Universal Life Total Total
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 1,886,703 191,158 1,500,728 1,691,885 194,817 194,817
- - -
Premiums ceded to reinsurers 111,971 47,285 50,148 97,433 14,538 14,538
Net change in - - -
reserve for - - -
Net earned premiums [1-2+3] 1,774,732 - - 143,873 1,450,580 1,594,452 - - 180,279 180,279
- - -
Other revenue (5.1 to 5.5) 474,793 - - 18,306 454,727 473,032 - - 1,761 1,761
Investment income 1 465,010 18,306 446,705 465,010 -
Fees and commission 2 - - -
Other operating reve 3 9,783 - 8,022 8,022 1,761 1,761
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 2,249,525 - - 162,178 1,905,306 2,067,485 - - 182,040 182,040
- -
Gross benefits and claims paid 528,035 142,509 298,843 441,352 86,683 86,683
Claims ceded to reinsurers (113,920) (46,553) (42,627) (89,181) (24,739) (24,739)
Gross change
in contract - - -
liabilities ceded to - - -
reinsurers
Change in contract liability - life 1,092,082 438 1,056,219 1,056,656 35,426 35,426
Change in contract
liability due to
- - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 1,506,197 - - 96,393 1,312,434 1,408,827 - - 97,370 97,370
- - -
Underwriting and
acquisition costs
335,322 29,018 282,357 311,375 23,947 23,947
(including
reinsurance)
administrative 4 330,518 16,096 57,617 199,270 256,887 57,534 57,534
expenses
Finance costs - - -
Other expenses (15 to 17) 330,518 16,096 - 57,617 199,270 256,887 - - 57,534 57,534
- - -
Profit before tax (6+12-13-18) 77,487 (16,096) - (20,849) 111,245 90,395 - - 3,188 3,188
- - -
Profit for the period (19-20) (63,546) (157,129) - (20,849) 111,245 90,395 - - 3,188 3,188
50
AIA AIA Insurance (All figures in LKR '000)
AIA Insurance Note Participating Universal Life Total Total
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 16,517,328 - - 133,653 15,661,418 15,795,070 722,257 - - 722,257
- - -
Premiums ceded to reinsurers 466,810 - - 29,947 392,449 422,396 44,414 - - 44,414
Net change in - - -
reserve for - - - - - - - - - -
Net earned premiums [1-2+3] 16,050,518 - - 103,705 15,268,969 15,372,674 677,843 - - 677,843
- - -
Other revenue (5.1 to 5.5) 7,421,312 1,567,304 - 41,972 5,074,214 5,116,186 53,246 4,743 679,833 737,822
Investment income 1 5,925,757 1,559,613 - 42,113 4,013,957 4,056,070 18,221 4,743 287,109 310,074
Fees and commission 2 1,065,288 - - 201 1,030,116 1,030,317 34,971 - - 34,971
Realized gains 54,997 8,522 - (343) (5,531) (5,874) - 52,349 52,349
Fair value gains and losses 340,282 - - - - - 340,282 340,282
Other operating reve 3 34,988 (831) - 1 35,671 35,672 54 - 93 147
95,556 12,968 - - 82,588 82,588 -
17,538 1,408 - 1 15,982 15,983 54 93 147
…………………… (79,022) (15,207) - - (63,814) (63,814) -
…………………… 915 - - - 915 915 -
- - -
Net Income (4+5) 23,471,830 1,567,304 - 145,677 20,343,183 20,488,860 731,089 4,743 679,833 1,415,666
- -
Gross benefits and claims paid 5,100,584 - - 64,183 4,135,752 4,199,935 900,649 - - 900,649
Claims ceded to reinsurers (328,774) - - (3,441) (291,383) (294,824) (33,950) - - (33,950)
Gross change
in contract 6,766,302 - - 11,807 7,115,406 7,127,213 (360,911) - - (360,911)
reinsurers
Change in contract liability - life - (1,129,751) - - 1,008,905 1,008,905 120,846 - - 120,846
Change in contract liability due to transfe - - -
Net benefits and claims (7 to 11) 11,538,111 (1,129,751) - 72,549 11,968,679 12,041,228 626,634 - - 626,634
- - -
Underwriting and
acquisition costs
2,088,963 - - 18,497 2,046,510 2,065,006 23,956 23,956
(including
reinsurance)
administrative 4 6,545,043 129,929 - 54,631 6,222,600 6,277,231 80,499 1,101 56,283 137,883
expenses
Finance costs 105,393 - - - 105,393 105,393 -
Other expenses (15 to 17) 7,277,629 129,929 - 54,631 6,327,993 6,382,624 80,499 4,743 679,834 765,076
- - -
Profit before tax (6+12-13-18) 2,567,127 2,567,126 - - 1 1 0 0 (1) (0)
- - -
Profit for the period (19-20) 1,770,711 1,770,710 - - 1 1 0 0 (1) (0)
51
AmanaLife Note Participating Universal Life Total Total
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 929,830 - - 80,069 80,069 189,356 660,405 849,761
- - - - - - - -
Premiums ceded to reinsurers 45,275 - - 12,468 12,468 32,807 - 32,807
Net change in - - - - - - - -
reserve for (2,836) - - (2,836) (2,836) - - -
unearned premium - - - - - - - -
Net earned premiums [1-2+3] 881,719 - - 64,765 - 64,765 156,549 - 660,405 816,954
- - -
Other revenue (5.1 to 5.5) 286,743 475,878 - 603 - 603 (59,752) - (129,986) (189,738)
Investment income 1 206,542 25,792 - 31,003 31,003 788 148,959 149,747
Fees and commission 2 - 373,611 - (31,141) (31,141) (63,525) (278,945) (342,470)
Realized gains - - - - - - - -
Fair value gains and losses - - - - - - - -
Other operating reve 3 80,201 76,474 - 741 741 2,985 - 2,985
…………………… - - - - - - - -
…………………… - - - - - - - -
- - -
Net Income (4+5) 1,168,462 475,878 - 65,368 - 65,368 96,797 - 530,420 627,216
- -
Gross benefits and claims paid 453,652 - - 112,179 112,179 77,640 263,834 341,474
Claims ceded to reinsurers (15,789) - - (1,758) (1,758) (14,031) - (14,031)
Gross change
in contract - - - - - - - -
liabilities ceded to - - - - - - - -
reinsurers
Change in contract liability - life 173,687 - - (52,113) (52,113) (1,637) 227,437 225,800
Net benefits and claims (7 to 11) 611,550 - - 58,307 - 58,307 61,972 - 491,271 553,243
- - -
Underwriting and
acquisition costs
134,834 131,447 - 3,387 3,387 -
(including
reinsurance)
administrative 4 406,902 329,255 - 3,673 3,673 34,825 39,149 73,974
expenses
Profit attributable to unit-holders - - - - - - - -
Finance costs 6,733 6,733 - - - - - -
Other expenses (15 to 17) 413,635 335,988 - 3,673 - 3,673 34,825 - 39,149 73,974
- - -
Profit before tax (6+12-13-18) 8,443 8,443 - (0) - (0) - - 0 0
Income tax expense - - -
- - -
Profit for the period (19-20) 8,443 8,443 - (0) - (0) - - 0 0
52
Ceylinco Life Note Traditional Non Non-unit Unit Account - Unit Account-
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 25,565,050 5,902,045 13,382,290 6,271,431 25,555,766 9,284 9,284
- - -
Premiums ceded to reinsurers 308,499 23,031 277,188 8,022 308,241 258 258
Net change in - - -
reserve for - - -
Net earned premiums [1-2+3] 25,256,552 - 5,879,014 13,105,102 6,263,409 25,247,525 - - 9,026 9,026
- - -
Other revenue (5.1 to 5.5) 15,129,139 3,347,512 6,205,489 2,710,116 2,866,022 11,781,627 - - - -
Investment income 1 14,314,783 2,945,721 5,989,295 2,508,358 2,871,408 11,369,062 -
Fees and commission 2 197,885 - 39,766 158,085 33 197,885 -
Realized gains 200,402 90,701 68,648 11,618 29,436 109,702 -
Fair value gains and losses 388,079 311,090 103,539 8,305 (34,855) 76,989 -
Other operating reve 3 27,990 - 4,240 23,750 27,990 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 40,385,691 3,347,512 12,084,504 15,815,218 9,129,431 37,029,153 - - 9,026 9,026
- -
Gross benefits and claims paid 12,927,237 6,321,532 4,231,297 2,374,408 12,927,237 -
Claims ceded to reinsurers (190,929) (22,671) (165,258) (3,000) (190,929) -
Gross change
in contract - - -
reinsurers
Change in contract liability - life 11,803,985 2,785,009 4,961,177 4,057,799 11,803,985 -
Net benefits and claims (7 to 11) 24,540,294 - 9,083,870 9,027,216 6,429,207 24,540,294 - - - -
- - -
Underwriting and
acquisition costs
2,369,754 641,636 889,838 838,280 2,369,754 -
(including
reinsurance)
administrative 4 4,836,630 339,662 1,871,761 1,667,380 948,801 4,487,942 9,026 9,026
expenses
Finance costs 93,640 2,226 45,597 37,069 8,748 91,414 -
Other expenses (15 to 17) 4,930,270 341,888 1,917,359 1,704,449 957,549 4,579,356 - - 9,026 9,026
- - -
Profit before tax (6+12-13-18) 8,545,374 3,005,624 441,639 4,193,716 904,395 5,539,749 - - - -
Income tax expense 1,695,536 655,787 220,589 564,765 254,395 1,039,749 -
- - -
Profit for the period (19-20) 6,849,837 2,349,837 221,050 3,628,950 650,000 4,500,000 - - - -
53
Cooplife Note Traditional Non Non-unit Unit Account - Unit Account-
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 840,604 - 284,992 555,612 - 840,604 -
- - -
Premiums ceded to reinsurers 46,250 - 6,239 40,011 - 46,250 -
Net change in - - -
reserve for - - - - - - -
Net earned premiums [1-2+3] 794,354 - 278,753 515,601 - 794,354 - - - -
- - -
Other revenue (5.1 to 5.5) 306,098 71,515 169,531 65,052 - 234,583 - - - -
Investment income 1 299,112 66,829 168,105 64,178 - 232,283 -
Fees and commission 2 - - - - - -
Realized gains - - - - - -
Fair value gains and losses 607 - 607 - - 607 -
Other operating reve 3 6,379 4,686 819 874 - 1,693 -
Rent Income 5,505 4,686 819 - - 819
Sundry income 667 - - 667 - 667
Disposal on PPE 207 - - 207 - 207 -
…………………… - - -
- - -
Net Income (4+5) 1,100,452 71,515 448,284 580,653 - 1,028,937 - - - -
- -
Gross benefits and claims paid 259,969 - 100,875 159,094 259,969 -
Claims ceded to reinsurers (9,495) - (3,432) (6,063) (9,495) -
Gross change
in contract - - - - - -
liabilities ceded to - - - - - -
reinsurers
Change in contract liability - life 347,934 - 222,409 125,525 347,934 -
Change in contract liability due to transfe - - - - - -
Net benefits and claims (7 to 11) 598,408 - 319,852 278,556 - 598,408 - - - -
- - -
Underwriting and
acquisition costs
147,128 - 27,726 119,402 147,128 -
(including
reinsurance)
administrative 4 269,789 - 95,987 173,802 269,789 -
expenses
Profit attributable to unit-holders - - - -
Finance costs 13,611 - 4,718 8,893 13,611 -
Other expenses (15 to 17) 283,400 - 100,705 182,695 - 283,400 - - - -
- - -
Profit before tax (6+12-13-18) 71,516 71,515 1 - - 1 - - - -
- - -
Profit for the period (19-20) 51,492 51,491 1 - - 1 - - - -
54
HNB Life Note Traditional Non Non-unit Unit Account - Unit Account-
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 7,091,470 - 420,683 2,021,532 4,649,255 7,091,470 -
- - -
Premiums
Net changeceded
in to reinsurers 355,537 - 3,957 333,253 18,327 355,537 -
reserve for - - -
- - -
Net earned premiums [1-2+3] 6,735,933 - 416,726 1,688,279 4,630,928 6,735,933 - - - -
- - -
Other revenue (5.1 to 5.5) 2,490,504 496,540 502,645 390,616 1,100,703 1,993,964 - - - -
Investment income 1 2,311,120 468,332 456,308 334,739 1,051,741 1,842,788 -
Fees and commission 2 77,025 13,947 1,413 42,826 18,839 63,078 -
Realized gains 50,109 11,871 9,029 3,616 25,593 38,238 -
Fair value gains and losses 49,484 - 35,838 9,334 4,312 49,484 -
Other operating reve 3 2,766 2,390 57 101 218 376 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 9,226,437 496,540 919,371 2,078,895 5,731,631 8,729,897 - - - -
- -
Gross benefits and claims paid 1,802,063 - 688,383 799,752 313,928 1,802,063 -
Claims ceded
Change to reinsurers
in contract (163,159) - (573) (157,924) (4,662) (163,159) -
Gross change
liabilities cededinto
contract liabilities 49,184 - (11,083) 23,976 36,291 49,184 -
reinsurers (42,000) - (1,263) (34,333) (6,404) (42,000) -
Change in contract liability - life 3,249,356 - (31,542) 284,918 2,995,980 3,249,356 -
Net benefits and claims (7 to 11) 4,895,444 - 643,922 916,389 3,335,133 4,895,444 - - - -
- - -
Underwriting and
acquisition costs
(including
reinsurance)
Other operating and 1,098,207 - 26,857 217,152 854,198 1,098,207 -
administrative - - -
expenses 4 1,694,018 22,285 233,053 487,278 951,402 1,671,733 -
Finance costs 86,557 2,045 6,339 34,826 43,347 84,512 -
Other expenses (15 to 17) 1,780,575 24,330 239,392 522,104 994,749 1,756,245 - - - -
- - -
Profit before tax (6+12-13-18) 1,452,211 472,211 9,200 423,250 547,551 980,000 - - - -
- - -
Profit for the period (19-20) 1,000,499 20,499 9,200 423,250 547,551 980,000 - - - -
55
Janashakthi Note Traditional Non Non-unit Unit Account - Unit Account-
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 5,459,707 - 73,969 3,505,828 1,879,909 5,459,707 -
- - -
Premiums ceded to reinsurers 211,961 - 1,330 153,241 57,391 211,961 -
Net change in - - -
- - -
Other revenue (5.1 to 5.5) 2,017,622 892,299 (161,489) 663,076 623,736 1,125,323 - - - -
Investment income 1 1,918,518 613,010 145,829 566,018 593,661 1,305,508 -
Fees and commission 2 102,399 - 294 86,386 15,719 102,399 -
Realized gains 235,139 36,310 69 95,507 103,253 198,829 -
Fair value gains and losses (543,819) (51,355) (307,708) (95,541) (89,215) (492,464) -
Other operating reve 3 305,385 294,334 27 10,707 317 11,051 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 7,265,368 892,299 (88,849) 4,015,663 2,446,254 6,373,069 - - - -
- -
Gross benefits and claims paid 2,227,579 - 213,281 1,130,365 883,932 2,227,579 -
Claims ceded to reinsurers (109,657) - - (109,657) (109,657) -
Gross change
reinsurers
Change in contract liability - life 1,265,704 - (353,552) 1,427,090 192,166 1,265,704 -
Change in contract
liability due to
- - - - - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 3,383,625 - (140,271) 2,447,798 1,076,098 3,383,625 - - - -
- - -
Underwriting and
acquisition costs
1,864,486 - 55 881,273 983,159 1,864,486 -
(including
reinsurance)
administrative 4 1,320,826 230,600 49,762 653,467 386,997 1,090,226 -
expenses
Finance costs 34,758 27 1,605 33,126 34,731 -
- - -
Profit before tax (6+12-13-18) 661,673 661,673 - 0 - 0 - - - -
- - -
Profit for the period (19-20) 492,902 492,902 - 0 - 0 - - - -
56
LIC Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 1,004,700 589,008 415,692 1,004,700 -
- - -
Net change in - - -
reserve for - - -
Net earned premiums [1-2+3] 1,000,743 - 586,690 414,053 - 1,000,743 - - - -
- - -
Other revenue (5.1 to 5.5) 339,707 6,853 142,702 190,151 - 332,854 - - - -
Investment income 1 335,828 17,857 139,386 178,585 317,971 -
Fees and commission 2 - - -
Realized gains 45,538 12,006 584 32,947 33,532 -
Fair value gains and losses (50,182) (23,010) (2,808) (24,364) (27,172) -
Other operating reve 3 8,523 - 5,540 2,983 8,523 -
Profit on sale of property, plant and equi - - -
Others - - -
- - -
Net Income (4+5) 1,340,450 6,853 729,393 604,205 - 1,333,597 - - - -
- -
Claims ceded to reinsurers - - -
Gross change
in contract - - -
reinsurers
Change in contract liability - life (57,134) 253,521 (310,655) (57,134) -
- - -
Underwriting and
acquisition costs
89,149 83,889 5,260 89,149 -
(including
reinsurance)
administrative 4 261,435 22,827 155,095 83,513 238,608 -
expenses
Finance costs 33,566 12,909 506 20,151 20,657 -
Other expenses (15 to 17) 295,001 35,736 155,601 103,664 - 259,265 - - - -
- - -
Profit before tax (6+12-13-18) 130,073 (28,883) (73,108) 232,065 - 158,956 - - - -
- - -
Profit for the period (19-20) 130,073 (28,883) (73,108) 232,065 - 158,956 - - - -
57
LOLC Life Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 4,420,081 25,918 1,941,344 2,452,819 4,420,081 -
- - -
Premiums ceded to reinsurers 270,265 1,579 178,455 90,231 270,265 -
Net change in - - -
reserve for - - -
- - -
Other revenue (5.1 to 5.5) 660,062 176,519 20,237 309,381 189,577 519,196 - - - -
Investment income 1 635,347 141,128 19,307 305,580 169,333 494,219 -
Fees and commission 2 33,640 - -
Other operating reve 3 24,715 1,752 931 3,802 20,244 24,977 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 4,809,879 176,519 44,577 2,072,271 2,552,165 4,669,013 - - - -
- -
Gross benefits and claims paid 1,026,814 15,100 767,553 244,161 1,026,814 -
Gross change
in contract - - -
reinsurers
Change in contract liability - life 1,538,998 30,600 641,573 866,825 1,538,998 -
Change in contract
liability due to
- - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 2,437,385 - 39,953 1,312,337 1,085,095 2,437,385 - - - -
- - -
Underwriting and
acquisition costs
303,938 869 (22,008) 325,078 303,938 -
(including
reinsurance)
administrative 4 1,483,417 16,381 3,755 500,300 998,634 1,502,690 -
expenses
Finance costs - - - -
- - -
Profit before tax (6+12-13-18) 585,138 160,138 0 281,642 143,358 425,000 - - - -
- - -
Profit for the period (19-20) 585,138 160,138 0 281,642 143,358 425,000 - - - -
58
MBSL Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 40,370 1,056 39,314 40,370 -
- - -
Premiums ceded to reinsurers 9,792 156 9,636 9,792 -
Net change in - - -
reserve for - - -
Net earned premiums [1-2+3] 30,578 - 900 29,678 - 30,578 - - - -
- - -
Other revenue (5.1 to 5.5) 59,023 33,595 175 25,253 - 25,428 - - - -
Investment income 1 58,543 33,595 175 24,773 24,948 -
Fees and commission 2 480 - 480 480 -
Other operating reve 3 - - -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 89,601 33,595 1,075 54,931 - 56,006 - - - -
- -
Claims ceded to reinsurers (3,533) - (3,533) (3,533) -
Gross change
in contract (26,191) 2,441 (28,633) (26,191) -
liabilities ceded to 84 - 84 84 -
reinsurers
Change in contract liability - life (61,633) (4,998) (56,635) (61,633) -
Change in contract
liability due to
- - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) (39,359) - (1,435) (37,924) - (39,359) - - - -
- - -
Underwriting and
acquisition costs
(13,669) (343) (13,326) (13,669) -
(including
reinsurance)
administrative 4 108,604 2,841 105,763 108,604 -
expenses
Finance costs 430 11 419 430 -
- - -
Profit before tax (6+12-13-18) 33,595 33,595 - (0) - (0) - - - -
Income tax expense - -
- - -
Profit for the period (19-20) 33,595 33,595 - (0) - (0) - - - -
59
SriLanka Insurance Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 21,975,988 - 12,314,522 9,661,466 21,975,988 -
- - - - - -
Premiums ceded to reinsurers 478,826 - 54,987 423,839 478,826 -
Net change in - - - - - -
unearned premium - - - - - -
Net earned premiums [1-2+3] 21,497,162 - 12,259,535 9,237,627 - 21,497,162 - - - -
- - -
Other revenue (5.1 to 5.5) 21,342,339 1,535,875 17,699,805 2,106,659 - 19,806,464 - - - -
Investment income 1 19,988,041 1,535,875 16,462,327 1,989,839 18,452,166 -
Fees and commission 2 90,542 - 24,428 66,114 90,542 -
Realized gains - - - - - -
Fair value gains and losses - - - - - -
Other operating reve 3 1,263,756 (0) 1,213,050 50,706 1,263,756 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 42,839,501 1,535,875 29,959,340 11,344,286 - 41,303,626 - - - -
- -
Gross benefits and claims paid 10,225,433 - 7,528,484 2,696,950 10,225,433 -
Gross change
reinsurers
Change in contract liability - life 22,338,265 - 15,943,955 6,394,310 22,338,265 -
Change in contract
liability due to
- - - - - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 32,315,855 - 23,446,428 8,869,427 - 32,315,855 - - - -
- - -
Underwriting and
acquisition costs
2,548,239 - 1,770,310 777,929 2,548,239 -
(including
reinsurance)
Other operating and - - - - - -
administrative 4 5,037,636 - 3,970,876 1,066,760 5,037,636 -
expenses
Profit attributable to unit-holders - - - - - -
Finance costs - - - - - -
Other expenses (15 to 17) 5,037,636 - 3,970,876 1,066,760 - 5,037,636 - - - -
- - -
Profit before tax (6+12-13-18) 2,937,771 1,535,875 771,726 630,170 - 1,401,896 - - - -
Income tax expense 1,564,169 176,146 540,009 848,014 1,388,023 -
- - -
Profit for the period (19-20) 1,373,603 1,359,729 231,718 (217,844) - 13,874 - - - -
60
Sanasa Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 1,247,855 20,810 672,689 554,356 1,247,855 -
- - -
Premiums ceded to reinsurers 28,749 555 12,048 16,146 28,749 -
- - -
Net change in
reserve for - - -
unearned premium
- - -
Net earned premiums [1-2+3] 1,219,106 - 20,256 660,641 538,210 1,219,106 - - - -
- - -
Other revenue (5.1 to 5.5) 136,961 34,203 10,444 70,475 21,840 102,758 - - - -
Investment income 1 170,487 74,089 11,720 75,194 9,484 96,398 -
Fees and commission 2 43,945 25,287 843 5,459 12,356 18,658 -
Fair value gains and losses (77,470) (65,172) (2,119) (10,178) - (12,298) -
Other operating reve 3 - - -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 1,356,068 34,203 30,700 731,116 560,049 1,321,864 - - - -
- -
Gross benefits and claims paid 373,720 15,661 305,022 53,037 373,720 -
Claims ceded to reinsurers (15,223) (28) (4,357) (10,838) (15,223) -
Gross change
in contract 41,209 9,874.84 30,023.21 1,310.50 41,209 -
liabilities ceded to 1,750 (0) 2,248 (498) 1,750 -
reinsurers
Change in contract liability - life 77,953 (54,119) 113,157 18,914 77,953 -
Change in contract
liability due to
- - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 479,408 - (28,611) 446,093 61,926 479,408 - - - -
- - -
Underwriting and
acquisition costs
147,756 2,969 61,695 83,092 147,756 -
(including
reinsurance)
administrative 4 564,326 10,110 21,538 116,543 416,136 554,216 -
expenses
Finance costs 35,904 14,895 2,036 4,136 14,836 21,009 -
Other expenses (15 to 17) 600,231 25,005 23,574 120,679 430,972 575,225 - - - -
- - -
Profit before tax (6+12-13-18) 128,673 9,198 32,768 102,648 (15,941) 119,475 - - - -
- - -
Profit for the period (19-20) 128,673 9,198 32,768 102,648 (15,941) 119,475 - - - -
61
Union Life Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 15,406,161 - 310,113 3,629,337 11,455,471 15,394,921 11,240 11,240
- - -
Premiums ceded to reinsurers 725,809 - 13,365 676,655 34,963 724,983 826 826
- - -
Net change in
reserve for - - -
unearned premium
- - -
Net earned premiums [1-2+3] 14,680,352 - 296,748 2,952,682 11,420,508 14,669,938 10,414 - - 10,414
- - -
Other revenue (5.1 to 5.5) 6,133,426 1,100,239 1,077,546 652,277 3,144,960 4,874,783 70,992 - 87,412 158,404
Investment income 1 4,999,295 878,590 897,948 561,656 2,609,849 4,069,453 14,281 36,971 51,252
Fees and commission 2 - - - - - - - - -
Realized gains 431,225 55,125 122,152 49,508 141,950 313,610 26,154 36,336 62,490
Fair value gains and losses 235,848 3,829 32,056 21,920 164,467 218,443 (529) 14,105 13,576
Other operating reve 3 467,058 162,695 25,390 19,193 228,694 273,277 31,086 31,086
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 20,813,778 1,100,239 1,374,294 3,604,959 14,565,468 19,544,721 81,406 - 87,412 168,818
- -
Gross benefits and claims paid 5,014,303 - 1,598,604 1,240,371 2,233,444 5,072,419 (58,116) (58,116)
Claims ceded to reinsurers (12,365) - (1) (1,811) (10,553) (12,365) - -
Gross change
in contract 85,044 - 37,434 557,313 (570,996) 23,751 61,293 61,293
liabilities ceded to (477,435) - (4,569) (474,663) 2,180 (477,052) (383) (383)
reinsurers
Change in contract liability - life 7,076,481 - (329,785) (280,737) 7,535,957 6,925,435 63,634 87,412 151,046
Change in contract
liability due to
- - - - - - - -
transfer of One-off
Surplus
Net benefits and claims (7 to 11) 11,686,028 - 1,301,683 1,040,473 9,190,032 11,532,188 66,428 - 87,412 153,840
- - -
Underwriting and
acquisition costs
2,844,018 - 14,381 707,146 2,122,318 2,843,845 173 - 173
(including
reinsurance)
administrative 4 3,656,425 72,932 45,655 1,068,322 2,454,711 3,568,688 14,805 - 14,805
expenses
Finance costs - - -
Other expenses (15 to 17) 3,656,425 72,932 45,655 1,068,322 2,454,711 3,568,688 14,805 - - 14,805
- - -
Profit before tax (6+12-13-18) 2,627,307 1,027,307 12,575 789,018 798,407 1,600,000 - - - -
- - -
Profit for the period (19-20) 2,053,585 453,585 12,575 789,018 798,407 1,600,000 - - - -
62
NIC National Insurance (All figures in LKR '000)
National Insurance Note Participating Universal Life Total Total
1 6 10
2 3 4 5 7 8
(2+6+10) (3+4+5) (7+8+9)
GWP 1,222 1,050 172 1,222 -
- - -
Premiums ceded to reinsurers - - - - -
Net change in - - -
reserve for - - - - -
Net earned premiums [1-2+3] 1,222 - 1,050 172 - 1,222 - - - -
- - -
Other revenue (5.1 to 5.5) 8,826 - 1,798 7,029 - 8,826 - - - -
Investment income 1 9,238 1,937 7,301 9,238 -
Fees and commission 2 - - - - -
Realized gains - - - - -
Fair value gains and losses (390) (118) (272) (390) -
Other operating reve 3 (22) (22) 0 (22) -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 10,048 - 2,847 7,201 - 10,048 - - - -
- -
Gross benefits and claims paid 38,940 38,887 53 38,940 -
Gross change
in contract (22,614) (22,614) (22,614) -
reinsurers
Change in contract liability - life (12,164) (18,483) 6,319 (12,164) -
Net benefits and claims (7 to 11) 4,161 - (2,211) 6,372 - 4,161 - - - -
- - -
Underwriting and
acquisition costs
- - -
(including
reinsurance)
administrative 4 5,887 5,058 829 5,887 -
expenses
Finance costs - - -
Other expenses (15 to 17) 5,887 - 5,058 829 - 5,887 - - - -
- - -
Profit before tax (6+12-13-18) - - - - - - - - - -
- - -
Profit for the period (19-20) - - - - - - - - - -
63
14. Extract of Income Statement of Long Term Insurance Business - 2020
FOR THE YEAR ENDED 31.12.2020

(All figures in LKR '000)

Industry Unit
Traditional Unit Account-
Non-unit Account -
Participating Non Universal Life Total Non Total
account Guarantee
Participating guaranteed
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 103,000,228 - 21,501,412 42,817,109 37,007,344 101,325,865 957,437 - 716,926 1,674,363
- - - - - - - - - -
Premiums ceded to reinsurers 4,705,243 - 168,082 3,994,124 471,295 4,633,501 60,271 - 11,471 71,743
- - - - - - - - - -
Net change in reserve for unearned premium (641) - - (641) - (641) - - - -
- - - - - - - - - -
Net earned premiums [1-2+3] 98,294,343 - 21,333,331 38,822,344 36,536,049 96,691,723 897,165 - 705,455 1,602,620
- - - - - - - - - -
Other revenue (5.1 to 5.5) 51,461,111 9,283,209 23,149,932 6,832,422 11,996,397 41,978,751 97,225 7,382 94,544 199,150
Investment income 45,685,820 7,773,634 20,393,259 6,186,528 10,735,029 37,314,817 42,489 7,380 547,500 597,369
Fees and commission income 1,211,454 347,460 38,462 224,156 772,380 1,034,997 37,549 - (208,552) (171,003)
Realized gains 955,991 329,762 801,551 110,886 (8,546) 903,892 - - (277,663) (277,663)
Fair value gains and losses 1,207,914 253,192 607,783 140,821 174,770 923,374 529 - 30,819 31,348
Other operating revenue (Please specify) 2,365,461 1,304,766 164,066 322,764 1,791,596 16,658 2 2,440 19,099
…………………… 7,629 24,755 4,111 12,329 (33,566) (17,126) - - - -
…………………… 3,461 - - - 3,461 3,461 - - - -
- - - - - - - - - -
Net Income (4+5) 149,755,455 9,283,209 44,483,263 45,654,766 48,532,446 138,670,475 994,390 7,382 799,999 1,801,771
- - - - - - - - - -
Gross benefits and claims paid 39,862,533 - 16,183,880 13,500,702 9,281,136 38,965,717 493,629 - 403,186 896,815
Claims ceded to reinsurers (1,953,361) - (78,975) (1,574,489) (255,114) (1,908,578) (36,640) - (8,143) (44,783)
Gross change in contract liabilities 6,772,970 - 38,024 120,932 6,510,032 6,668,988 103,983 - - 103,983
Change in contract liabilities ceded to reinsurers 65,634 - 21,788 (11,047) 53,949 64,690 944 - - 944
Change in contract liability - life 42,424,430 451,206 15,298,673 12,940,392 13,434,089 41,673,154 163,629 - 136,440 300,070
Change in contract liability due to transfer of
- - - - - - - - - -
One-off Surplus
Net benefits and claims (7 to 11) 87,172,205 451,206 31,463,389 24,976,489 29,024,092 85,463,970 725,545 - 531,484 1,257,028
- - - - - - - - - -
Underwriting and acquisition costs (including
14,572,932 101,852 3,344,184 4,956,418 6,103,413 14,404,016 46,517 - 20,547 67,064
reinsurance)
- - - - - - - - - -
Other operating and administrative expenses 28,220,999 495,418 8,109,388 7,726,756 11,524,013 27,360,158 221,805 1,210 142,408 365,423

Finance costs 520,693 68,558 100,422 181,902 169,811 452,135 - - - -
Other expenses (15 to 17) 28,866,963 563,976 8,209,810 7,908,658 11,693,824 27,812,293 221,805 7,382 261,507 490,694
- - - - - - - - - -
Profit before tax (6+12-13-18) 19,143,355 8,166,175 1,465,879 7,813,200 1,711,117 10,990,196 524 - (13,539) (13,015)
Income tax expense 5,449,893 3,359,534 657,212 1,433,148 - 2,090,360 - - - -
- - - - - - - - - -
Profit for the period (19-20) 13,693,462 4,806,641 808,667 6,380,052 1,711,117 8,899,836 524 - (13,539) (13,015)
64
SoftlogicSoftlogic Life (All figures in LKR '000)
Softlogic Life Unit

Non-unit Account -
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 15,660,116 3,336,775 11,458,482 864,859 15,660,116 -
- - -
Premiums ceded to reinsurers 1,872,616 53,505 1,816,702 2,409 1,872,616 -
- - -
Net change in reserve for unearned premium - - -
- - -
Net earned premiums [1-2+3] 13,787,500 - 3,283,270 9,641,779 862,451 13,787,500 - - - -
- - -
Other revenue (5.1 to 5.5) 2,276,114 572,641 928,942 734,332 40,199 1,703,473 - - - -
Investment income 1,634,453 369,331 610,454 620,475 34,193 1,265,122 -
Fees and commission income - - -
Realized gains 171,253 111,718 34,939 18,618 5,978 59,535 -
Fair value gains and losses 464,044 91,592 283,549 88,875 28 372,452 -
Other operating revenue (Please specify) 6,364 - - 6,364 - 6,364 -
…………………… 6,364 - 6,364 - 6,364 -
…………………… - - -
- - -
Net Income (4+5) 16,063,614 572,641 4,212,212 10,376,112 902,649 15,490,973 - - - -
- -
Gross benefits and claims paid 4,202,432 - 547,515 3,654,939 (22) 4,202,432 -
Claims ceded to reinsurers (656,625) - (26,666) (629,959) - (656,625) -
Gross change in contract liabilities (27,349) - 11,063 (39,084) 672 (27,349) -
Change in contract liabilities ceded to reinsurers 48,339 - (5,274) 53,613 - 48,339 -
Change in contract liability - life 3,599,969 - 1,295,861 1,550,663 753,445 3,599,969 -
- - - - -
One-off Surplus
Net benefits and claims (7 to 11) 7,166,766 - 1,822,499 4,590,172 754,095 7,166,766 - - - -
- - -
3,269,454 - 1,003,812 2,127,361 138,281 3,269,454 -
reinsurance)
- - -
Other operating and administrative expenses 3,324,870 168,861 1,340,513 1,805,454 10,042 3,156,009 -
Profit attributable to unit-holders - - - -
Finance costs 172,177 52,233 45,388 74,325 231 119,944 -
Other expenses (15 to 17) 3,497,047 221,094 1,385,901 1,879,778 10,274 3,275,953 - - - -
- - -
Profit before tax (6+12-13-18) 2,130,347 351,547 - 1,778,800 (0) 1,778,800 - - - -
- - -
Profit for the period (19-20) 1,521,483 (257,317) - 1,778,800 (0) 1,778,800 - - - -
65
Company Shareholders Unit

Arpico Non-unit Account -
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 1,836,100 1,836,100 1,836,100 -
- - -
Premiums ceded to reinsurers 91,425 91,425 91,425 -
- - -
- - -
Net earned premiums [1-2+3] 1,744,676 - - 1,744,676 - 1,744,676 - - - -
- - -
Other revenue (5.1 to 5.5) 296,651 79,254 - 217,397 - 217,397 - - - -
Investment income 253,389 79,254 174,135 - 174,135 -
Fees and commission income 34,223 34,223 34,223 -
Other operating revenue (Please specify) 9,039 9,039 9,039 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 2,041,327 79,254 - 1,962,073 - 1,962,073 - - - -
- -
Gross benefits and claims paid 425,061 425,061 425,061 -
Claims ceded to reinsurers (30,007) (30,007) (30,007) -
Gross change in contract liabilities 27,656 27,656 27,656 -
Change in contract liabilities ceded to reinsurers (19,701) (19,701) (19,701) -
Change in contract liability - life 296,041 (199,037) 495,078 495,078 -
- - -
One-off Surplus
Net benefits and claims (7 to 11) 699,050 (199,037) - 898,087 - 898,087 - - - -
- - -
684,711 684,711 684,711 -
reinsurance)
- - -
Other operating and administrative expenses 378,971 10 378,961 378,961 -
Finance costs - - -
Other expenses (15 to 17) 378,971 10 - 378,961 - 378,961 - - - -
- - -
Profit before tax (6+12-13-18) 278,595 278,281 - 314 - 314 - - - -
- - -
Profit for the period (19-20) 200,676 200,362 - 314 - 314 - - - -
66

Allianz Life Non-unit Account -
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 1,476,069 142,364 1,168,930 1,311,294 164,775 164,775
- - -
Premiums ceded to reinsurers 106,652 37,979 57,491 95,470 11,182 11,182
- - -
- - -
Net earned premiums [1-2+3] 1,369,417 - - 104,385 1,111,439 1,215,824 - - 153,593 153,593
- - -
Other revenue (5.1 to 5.5) 436,604 1,272 - 21,946 411,061 433,007 - - 2,326 2,326
Investment income 433,686 1,272 21,946 410,468 432,414 -
Other operating revenue (Please specify) 2,918 593 593 2,326 2,326
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 1,806,022 1,272 - 126,331 1,522,500 1,648,831 - - 155,919 155,919
- -
Gross benefits and claims paid 375,734 113,806 179,142 292,948 82,786 82,786
Claims ceded to reinsurers (64,921) (32,460) (24,318) (56,778) (8,143) (8,143)
Gross change in contract liabilities - - -
Change in contract liabilities ceded to reinsurers - - -
Change in contract liability - life 876,915 14,550 838,544 853,094 23,821 23,821
- - -
One-off Surplus
Net benefits and claims (7 to 11) 1,187,727 - - 95,895 993,368 1,089,263 - - 98,464 98,464
- - -
209,028 14,192 174,289 188,481 20,547 20,547
reinsurance)
- - -
Other operating and administrative expenses 328,515 12,453 30,803 235,336 266,139 49,923 49,923
Finance costs - - -
Other expenses (15 to 17) 328,515 12,453 - 30,803 235,336 266,139 - - 49,923 49,923
- - -
Profit before tax (6+12-13-18) 80,751.08 (11,181) - (14,559) 119,507 104,948 - - (13,015) (13,015)
- - -
Profit for the period (19-20) 13,184 (78,749) - (14,559) 119,507 104,948 - - (13,015) (13,015)
67
AIA AIA Insurance (All figures in LKR '000)

AIA Insurance Non-unit Account -
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 14,049,559 - - 119,800 13,143,799 13,263,599 785,960 - - 785,960
- - -
Premiums ceded to reinsurers 408,860 - - 28,290 335,747 364,037 44,823 - - 44,823
- - -
- - -
Net earned premiums [1-2+3] 13,640,699 - - 91,510 12,808,052 12,899,562 741,137 - - 741,137
- - -
Other revenue (5.1 to 5.5) 6,405,835 1,687,235 - 30,069 4,394,733 4,424,802 116,709 7,382 169,707 293,798
Investment income 5,585,205 1,653,568 - 30,016 3,548,367 3,578,383 16,789 7,380 329,085 353,254
Fees and commission income 842,682 - - 46 742,812 742,858 99,824 - - 99,824
Realized gains (123,510) 14,444 - - - - - - (137,954) (137,954)
Fair value gains and losses (21,538) - - - - - - - (21,538) (21,538)
Other operating revenue (Please specify) 122,996 19,223 - 7 103,554 103,561 96 2 114 212
18,817 - - 108,829 - - -
46 - 7 24,830 96 2 114
…………………… (33,206) 360 - - (33,566) (33,566) - - - -
…………………… 3,461 - - - 3,461 3,461 - - - -
- - -
Net Income (4+5) 20,046,534 1,687,235 - 121,579 17,202,785 17,324,364 857,846 7,382 169,707 1,034,935
- -
Gross benefits and claims paid 4,638,747 - - 71,627 4,116,101 4,187,728 451,019 451,019
Claims ceded to reinsurers (185,007) - - (4,135) (151,243) (155,378) (29,629) (29,629)
Gross change in contract liabilities 6,623,588 - - (136,343) 6,658,524 6,522,181 101,407 101,407
Change in contract liabilities ceded to reinsurers - - - - - - - -
Change in contract liability - life - 660,093 - - (799,788) (799,788) 139,695 139,695
Change in contract liability due to transfer of One - - - - - - - - - -
Net benefits and claims (7 to 11) 11,077,328 660,093 - (68,851) 9,823,594 9,754,743 662,492 - - 662,492
- - -
1,688,611 - - 8,356 1,634,960 1,643,316 45,295 45,295
reinsurance)
- - -
Other operating and administrative expenses 6,316,364 302,714 - 182,074 5,629,699 5,811,773 149,535 1,210 51,132 201,877
Finance costs 114,532 - - - 114,532 114,532 - - - -
Other expenses (15 to 17) 6,556,167 302,714 - 182,074 5,744,231 5,926,305 149,535 7,382 170,231 327,148
- - -
Profit before tax (6+12-13-18) 724,428 724,428 - - - - 524 - (524) -
- - -
Profit for the period (19-20) 448,602 448,602 - - - - 524 - (524) -
68
Unit
Company Shareholders Traditional Unit Account-
Non-unit Account -
AmanaLife Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 767,232 - 71,471 71,471 156,710 539,050 695,760
- - -
Premiums ceded to reinsurers 23,837 - 9,389 9,389 14,448 - 14,448
- - -
Net change in reserve for unearned premium (641) - (641) (641) - - -
- - -
Net earned premiums [1-2+3] 742,753 - - 61,441 - 61,441 142,261 - 539,050 681,312
- - -
Other revenue (5.1 to 5.5) 313,943 405,098 - 7,434 7,434 (72,519) - (26,070) (98,589)
Investment income 272,161 47,889 39,986 39,986 1,804 182,482 184,286
Fees and commission income - 303,379 (32,551) (32,551) (62,275) (208,552) (270,827)
Realized gains - - - - - - -
Fair value gains and losses - - - - - - - -
Other operating revenue (Please specify) 41,781 53,830 - - - (12,048) - (12,048)
…………………… - - - - - - - -
…………………… - - -
- - -
Net Income (4+5) 1,056,696 405,098 - 68,875 - 68,875 69,742 - 512,980 582,723
- -
Gross benefits and claims paid 458,670 - 92,325 92,325 45,944 320,400 366,344
Claims ceded to reinsurers (11,449) - (5,548) (5,548) (5,901) - (5,901)
Gross change in contract liabilities - - - - - - -
Change in contract liabilities ceded to reinsurers - - - - - - -
Change in contract liability - life 140,186 - (25,438) (25,438) 1,586 164,038 165,624
Change in contract liability due to transfer of One - - - - - - -
Net benefits and claims (7 to 11) 587,407 - - 61,339 - 61,339 41,629 - 484,439 526,067
- - -
103,132 101,852 1,280 1,280 - - -
reinsurance)
- - -
Other operating and administrative expenses 392,673 329,762 6,256 6,256 28,114 28,542 56,655
Profit attributable to unit-holders - - - - - - -
Finance costs 8,196 8,196 - - - - -
Other expenses (15 to 17) 400,870 337,958 - 6,256 - 6,256 28,114 - 28,542 56,655
- - -
Profit before tax (6+12-13-18) (34,712) (34,712) - - - - - - - -
- - -
Profit for the period (19-20) (34,712) (34,712) - - - - - - - -
69
Unit
Non-unit Account -
Ceylinco Life Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 22,076,250 6,052,857 10,853,625 5,156,668 22,063,150 13,101 13,101
- - -
Premiums ceded to reinsurers 505,463 16,139 488,419 616 505,174 289 289
- - -
- - -
Net earned premiums [1-2+3] 21,570,788 - 6,036,718 10,365,206 5,156,052 21,557,976 - - 12,812 12,812
- - -
Other revenue (5.1 to 5.5) 14,912,201 2,756,226 6,829,018 2,501,725 2,825,232 12,155,975 - - - -
Investment income 13,542,174 2,512,080 5,942,536 2,326,201 2,761,357 11,030,094 -
Fees and commission income 131,025 - 17,230 113,753 41 131,025 -
Realized gains 948,287 129,439 703,574 51,441 63,833 818,848 -
Fair value gains and losses 280,122 114,708 165,678 (264) - 165,414 -
Other operating revenue (Please specify) 10,594 - - 10,594 - 10,594 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 36,482,989 2,756,226 12,865,736 12,866,931 7,981,284 33,713,951 - - 12,812 12,812
- -
Gross benefits and claims paid 12,510,505 5,564,143 4,397,787 2,548,575 12,510,505 -
Claims ceded to reinsurers (243,992) (11,242) (232,276) (474) (243,992) -
Change in contract liability - life 9,423,994 4,034,342 994,337 4,395,315 9,423,994 -
Change in contract liability due to transfer of One - - -
Net benefits and claims (7 to 11) 21,690,507 - 9,587,243 5,159,847 6,943,417 21,690,507 - - - -
- - -
2,123,644 722,640 793,807 607,197 2,123,644 -
reinsurance)
- - -
Other operating and administrative expenses 3,823,330 (730,644) 2,187,292 1,931,073 422,797 4,541,162 12,812 12,812
Finance costs 78,995 2,703 39,214 29,205 7,873 76,292 -
Other expenses (15 to 17) 3,902,325 (727,940) 2,226,506 1,960,278 430,670 4,617,454 - - 12,812 12,812
- - -
Profit before tax (6+12-13-18) 8,766,512 3,484,166 329,346 4,953,000 - 5,282,346 - - - -
Income tax expense 1,832,391 650,895 128,496 1,053,000 1,181,496 -
- - -
Profit for the period (19-20) 6,934,121 2,833,271 200,849 3,900,000 - 4,100,849 - - - -
70
Unit
Non-unit Account -
Cooplife account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 775,410 - 305,489 469,921 - 775,410 -
- - -
Premiums ceded to reinsurers 46,984 - 6,108 40,876 - 46,984 -
- - -
- - -
- - -
Other revenue (5.1 to 5.5) 290,303 69,805 148,811 71,687 - 220,498 - - - -
Investment income 284,475 63,961 149,199.39 71,314 - 220,514 -
Fees and commission income - - - - - - -
Realized gains - - - - - - -
Fair value gains and losses 238 238.00 - - 238 -
Other operating revenue (Please specify) 5,590 4,449.00 768.31 373.00 - 1,141 -
Rent Income 4,449 501 - - 501
Sundry Income - 267 373 - 640
Surplus Transfer to Shareholder - 1,395 (1,395) - - (1,395) -
…………………… - - -
- - -
Net Income (4+5) 1,018,729 69,805 448,192 500,732 - 948,924 - - - -
- -
Gross benefits and claims paid 340,966 - 81,832 259,134 - 340,966 -
Claims ceded to reinsurers (9,747) - (1,267) (8,480) - (9,747) -
Gross change in contract liabilities - - - - - - -
Change in contract liabilities ceded to reinsurers - - - - - - -
Change in contract liability - life 237,966 - 235,043 2,923 - 237,966 -
Change in contract liability due to transfer of One - - - - - - -
- - -
97,645 - 25,388 72,258 97,645 -
reinsurance)
- - -
Other operating and administrative expenses 270,642 - 102,844 167,797 270,642 -
Finance costs 11,451 - 4,351 7,100 11,451 -
- - -
Profit before tax (6+12-13-18) 69,805 69,805 (0) 0 - 0 - - - -
- - -
Profit for the period (19-20) 50,374 50,374 (0) 0 - 0 - - - -
71

Non-unit Account -
HNB Life Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 5,487,039 475,982 1,324,066 3,686,991 5,487,039 -
- - -
- - -
- - -
- - -
Other revenue (5.1 to 5.5) 2,223,950 403,414 530,782 298,340 991,414 1,820,536 - - - -
Fees and commission income 34,945 11,547 (686) 12,057 12,027 23,398 -
Realized gains 44,909 - 3,011 - 41,898 44,909 -
Fair value gains and losses 12,987 400 10,154 (7) 2,440 12,587 -
Other operating revenue (Please specify) 5,747 5,135 115 167 330 612 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 7,445,825 403,414 1,002,542 1,375,417 4,664,452 7,042,411 - - - -
- -
Gross benefits and claims paid 1,520,848 661,543 642,736 216,569 1,520,848 -
Gross change in contract liabilities 35,687 28,234 12,017 (4,564) 35,687 -
Change in contract liabilities ceded to reinsurers 30,146 (3) 27,381 2,768 30,146 -
Change in contract liability - life 2,576,169 11,340 504,263 2,060,566 2,576,169 -
Net benefits and claims (7 to 11) 4,070,350 - 700,217 1,096,164 2,273,969 4,070,350 - - - -
- - -
888,527 40,190 199,823 648,514 888,527 -
reinsurance)
- - -
Other operating and administrative expenses 1,430,742 14,836 246,250 399,445 770,211 1,415,906 -
Finance costs 56,843 1,418 6,126 20,960 28,339 55,425 -
- - -
Profit before tax (6+12-13-18) 999,363 387,160 9,759 (340,975) 943,419 612,203 - - - -
- - -
Profit for the period (19-20) 723,945 111,742 9,759 (340,975) 943,419 612,203 - - - -
72

Non-unit Account -
Janashakthi account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 3,817,456 86,883 2,218,424 1,512,149 3,817,456 -
- - -
- - -
Net change in reserve for unearned premium - - - - -
- - -
- - -
Other revenue (5.1 to 5.5) 2,740,355 975,630 376,524 693,471 694,730 1,764,725 - - - -
Fees and commission income 50,645 - 336 42,225 8,083 50,645 -
Realized gains 293,871 71,632 132,007 43,311 46,921 222,239 -
Fair value gains and losses 214,562 33,371 89,069 44,218 47,903 181,191 -
Other operating revenue (Please specify) 338,102 314,200 95 23,500 307 23,902 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 6,435,631 975,630 462,253 2,817,396 2,180,352 5,460,001 - - - -
- -
Gross benefits and claims paid 1,750,163 - 234,929 998,535 516,700 1,750,163 -
Claims ceded to reinsurers (80,143) - - (80,143) (80,143) -
Gross change in contract liabilities 39,063 - - 39,063 39,063 -
Change in contract liabilities ceded to reinsurers (9,694) - 2,396 (12,090) (9,694) -
Change in contract liability - life 1,656,663 - 111,704 1,089,003 455,957 1,656,663 -
- - -
One-off Surplus
Net benefits and claims (7 to 11) 3,356,053 - 349,028 2,034,368 972,657 3,356,053 - - - -
- - -
860,858 - 29 344,976 515,852 860,858 -
reinsurance)
- - -
Other operating and administrative expenses 1,159,519 179,721 108,968 393,309 477,521 979,798 -
Finance costs 38,299 6 4,226 34,066 38,293 -
- - -
Profit before tax (6+12-13-18) 1,020,903 795,903 - 10,677 214,323 225,000 - - - -
- - -
Profit for the period (19-20) 759,317 534,317 - 10,677 214,323 225,000 - - - -
73
Unit
Non-unit Account -
LIC Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 714,127 360,865 353,262 714,127 -
- - -
- - -
- - -
- - -
Other revenue (5.1 to 5.5) 314,894 30,682 117,445 166,767 - 284,212 - - - -
Realized gains 23,363 (713) - 24,076 24,076 -
Fair value gains and losses (25,367) (2,902) - (22,465) (22,465) -
Other operating revenue (Please specify) 5,952 - 2,857 3,095 5,952 -
Profit on sale of property, plant and equipment 34,471 23,000 5,506 5,965 11,471 -
Others - - -
- - -
Net Income (4+5) 1,025,035 30,682 476,852 517,501 - 994,353 - - - -
- -
Claims ceded to reinsurers (13,970) (13,970) (13,970) -
Change in contract liability - life 415,134 58,627 356,508 415,134 -
Net benefits and claims (7 to 11) 1,033,303 - 424,880 608,423 - 1,033,303 - - - -
- - -
73,285 59,538 13,747 73,285 -
reinsurance)
- - -
Other operating and administrative expenses 265,432 30,209 114,573 120,650 235,223 -
Finance costs 24,160 4,002 273 19,885 20,158 -
Other expenses (15 to 17) 289,592 34,210 114,846 140,536 - 255,382 - - - -
- - -
Profit before tax (6+12-13-18) (371,145) (3,528) (122,412) (245,205) - (367,617) - - - -
- - -
Profit for the period (19-20) (371,145) (3,528) (122,412) (245,205) - (367,617) - - - -
74
Unit
Non-unit Account -
LOLC Life Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 3,236,480 36,714 1,472,794 1,726,972 3,236,480 -
- - -
- - -
- - -
- - -
Other revenue (5.1 to 5.5) 588,356 134,458 22,175 274,744 156,979 453,898 - - - -
Investment income 533,353 105,428 20,040 266,956 140,929 427,926 -
Fees and commission income 22,671 22,671 - -
Other operating revenue (Please specify) 32,331 6,359 2,135 7,787 16,050 25,972 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 3,607,097 134,458 57,328 1,606,866 1,808,445 3,472,640 - - - -
- -
Change in contract liability - life 966,195 21,777 563,584 380,834 966,195 -
- - -
One-off Surplus
Net benefits and claims (7 to 11) 1,533,661 - 53,526 937,214 542,921 1,533,661 - - - -
- - -
229,641 (1,444) (30,000) 261,085 229,641 -
reinsurance)
- - -
Other operating and administrative expenses 1,390,146 18,567 5,008 616,386 750,184 1,371,579 -
Finance costs - - -
- - -
Profit before tax (6+12-13-18) 453,650 115,891 238 83,266 254,255 337,759 - - - -
- - -
Profit for the period (19-20) 453,650 115,891 238 83,266 254,255 337,759 - - - -
75
Unit
Non-unit Account -
MBSL Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 40,996 1,675 39,321 40,996 -
- - -
Premiums ceded to reinsurers 11,315 205 11,110 11,315 -
- - -
- - -
- - -
Other revenue (5.1 to 5.5) 77,467 36,696 1,977 38,795 - 40,771 - - - -
Fees and commission income 1,183 - - 1,183 1,183 -
Other operating revenue (Please specify) - - -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 107,149 36,696 3,447 67,006 - 70,453 - - - -
- -
Gross benefits and claims paid 21,886 - 21,886 21,886 -
Claims ceded to reinsurers (3,140) - (3,140) (3,140) -
Gross change in contract liabilities 2,571 15 2,556 2,571 -
Change in contract liabilities ceded to reinsurers 653 - 653 653 -
Change in contract liability - life (52,671) 473 (53,144) (52,671) -
- - -
One-off Surplus
Net benefits and claims (7 to 11) (30,701) - 488 (31,189) - (30,701) - - - -
- - -
(76) 26 (102) (76) -
reinsurance)
- - -
Other operating and administrative expenses 100,781 2,919 97,862 100,781 -
Finance costs 448.58 13 436 449 -
Other expenses (15 to 17) 101,230.07 - 2,932 98,298 - 101,230 - - - -
- - -
Profit before tax (6+12-13-18) 36,696.01 36,696.01 - - - - - - - -
Income tax expense 134,395.53 134,395.53 - -
- - -
Profit for the period (19-20) (97,699.52) (97,699.52) - - - - - - - -
76
Unit
Non-unit Account -
SriLanka Insurance Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 19,257,997 - 10,439,614 8,818,383 19,257,997 -
- - -
Premiums ceded to reinsurers 413,574 - 66,440 347,134 413,574 -
- - -
- - -
Net earned premiums [1-2+3] 18,844,423 - 10,373,174 8,471,249 - 18,844,423 - - - -
- - -
Other revenue (5.1 to 5.5) 15,321,241 1,029,310 13,136,507 1,155,424 - 14,291,932 - - - -
Investment income 13,910,153 1,029,310 11,850,708 1,030,135 12,880,843 -
Fees and commission income 67,886 - 20,833 47,053 67,886 -
Other operating revenue (Please specify) 1,343,203 (0) 1,264,966 78,237 1,343,203 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 34,165,664 1,029,310 23,509,681 9,626,673 - 33,136,355 - - - -
- -
Gross benefits and claims paid 8,168,306 - 6,848,422 1,319,884 8,168,306 -
Change in contract liability - life 16,118,705 - 10,858,446 5,260,258 16,118,705 -
- - -
One-off Surplus
Net benefits and claims (7 to 11) 24,104,781 - 17,699,908 6,404,873 - 24,104,781 - - - -
- - -
2,131,963 - 1,462,958 669,005 2,131,963 -
reinsurance)
- - -
Other operating and administrative expenses 4,779,473 - 3,797,137 982,335 4,779,473 -
Finance costs - - -
Other expenses (15 to 17) 4,779,473 - 3,797,137 982,335 - 4,779,473 - - - -
- - -
Profit before tax (6+12-13-18) 3,149,448 1,029,310 549,678 1,570,460 - 2,120,138 - - - -
Income tax expense 1,004,178 166,619 457,411 380,148 837,559 -
- - -
Profit for the period (19-20) 2,145,269 862,691 92,267 1,190,312 - 1,282,579 - - - -
77
Unit
Non-unit Account -
Sanasa Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 5 7 8 9
(2+6+10) (3+4+5) (7+8+9)
GWP 694,430 17,935 290,268 386,228 694,430 -
- - -
Premiums ceded to reinsurers 25,572 507 12,457 12,608 25,572 -
- - -
- - -
Net earned premiums [1-2+3] 668,859 - 17,428 277,811 373,620 668,859 - - - -
- - -
Other revenue (5.1 to 5.5) 144,680 46,028 6,900 74,734 17,018 98,652 - - - -
Investment income 113,225 30,904 6,152 68,568 7,602 82,321 -
Fees and commission income 26,194 9,863 748 6,167 9,416 16,331 -
Fair value gains and losses 5,261 5,261 - -
Other operating revenue (Please specify) - - -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 813,539 46,028 24,327 352,545 390,638 767,510 - - - -
- -
Gross change in contract liabilities 5,071 594.25 (2,467.37) 6,944.55 5,071 -
Change in contract liabilities ceded to reinsurers 4,926 6 4,266 655 4,926 -
Change in contract liability - life 33,627 (9,850) (16,417) 166,446 (106,552) 43,477 -
- - -
One-off Surplus
Net benefits and claims (7 to 11) 138,838 (9,850) (6,497) 243,968 (88,783) 148,688 - - - -
- - -
67,378 2,473 13,445 51,460 67,378 -
reinsurance)
- - -
Other operating and administrative expenses 546,858 11,005 27,522 99,205 409,126 535,853 -
Finance costs 15,591 - 830 (4,074) 18,835 15,591 -
Other expenses (15 to 17) 562,449 11,005 28,352 95,131 427,961 551,444 - - - -
- - -
Profit before tax (6+12-13-18) 44,874 44,873 (0) 1 (0) 0 - - - -
- - -
Profit for the period (19-20) 25,802 25,801 (0) 1 (0) 0 - - - -
78
Unit
Non-unit Account -
Union Life Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 13,108,605 384,456 3,348,634 9,360,748 13,093,838 14,767 14,767
- - -
Premiums ceded to reinsurers 589,877 16,783 625,655 (53,561) 588,877 1,000 1,000
- - -
- - -
Net earned premiums [1-2+3] 12,518,728 - 367,673 2,722,979 9,414,309 12,504,961 13,767 - - 13,767
- - -
Other revenue (5.1 to 5.5) 5,096,619 1,055,461 1,042,124 532,386 2,465,032 4,039,542 53,035 - (51,419) 1,616
Investment income 4,786,514 889,885 1,023,133 507,788 2,305,879 3,836,800 23,896 35,933 59,829
Realized gains (402,181) 3,243 (71,979) (26,560) (167,176) (265,715) - - (139,709) (139,709)
Fair value gains and losses 277,179 10,763 57,144 31,987 124,399 213,530 529 - 52,357 52,886
Other operating revenue (Please specify) 435,107 151,570 33,826 19,171 201,930 254,927 28,610 28,610
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 17,615,347 1,055,461 1,409,797 3,255,365 11,879,341 16,544,503 66,802 - (51,419) 15,383
- -
Gross benefits and claims paid 4,001,539 - 1,750,982 741,074 1,512,817 4,004,873 (3,334) - - (3,334)
Claims ceded to reinsurers (313,032) - (30,219) (222,991) (58,712) (311,922) (1,110) - - (1,110)
Gross change in contract liabilities 94,108 - 25,543 217,534 (151,545) 91,532 2,576 - - 2,576
Change in contract liabilities ceded to reinsurers 10,964 - 24,663 (65,169) 50,526 10,020 944 - - 944
Change in contract liability - life 6,207,253 - (1,231,038) 2,011,593 5,455,769 6,236,324 22,348 - (51,419) (29,071)
- - - - - - -
One-off Surplus
Net benefits and claims (7 to 11) 10,000,832 - 539,931 2,682,041 6,808,855 10,030,827 21,424 - (51,419) (29,995)
- - -
2,145,130 - 28,574 43,559 2,071,775 2,143,908 1,222 - 1,222
reinsurance)
- - -
Other operating and administrative expenses 3,675,544 157,924 142,022 512,345 2,819,097 3,473,464 44,156 - - 44,156
Finance costs - - -
Other expenses (15 to 17) 3,675,544 157,924 142,022 512,345 2,819,097 3,473,464 44,156 - - 44,156
- - -
Profit before tax (6+12-13-18) 1,793,841 897,537 699,270 17,420 179,614 896,304 - - - -
Income tax expense 873,245 801,941 71,304 71,304 -
- - -
Profit for the period (19-20) 920,596 95,596 627,966 17,420 179,614 825,000 - - - -
79
NIC National Insurance (All figures in LKR '000)

Non-unit Account -
National Insurance Participating Non Universal Life Total Non Total
account Guarantee
d
1 6 10
2 3 4 7 8 9
(2+6+10) 5 (3+4+5) (7+8+9)
GWP 2,361 2,168 193 2,361 -
- - -
Premiums ceded to reinsurers - - - - -
- - -
Net change in reserve for unearned premium - - - - -
- - -
Net earned premiums [1-2+3] 2,361 - 2,168 193 - 2,361 - - - -
- - -
Other revenue (5.1 to 5.5) 21,898 - 8,728 13,169 - 21,898 - - - -
Investment income 15,734 6,774 8,960 15,734 -
Realized gains - - - -
Fair value gains and losses 427 1,950 (1,524) 427 -
Other operating revenue (Please specify) 5,737 4 5,733 5,737 -
…………………… - - -
…………………… - - -
- - -
Net Income (4+5) 24,258 - 10,896 13,362 - 24,258 - - - -
- -
Gross benefits and claims paid 86,261 85,469 792 86,261 -
Gross change in contract liabilities (27,425) (27,425) - (27,425) -
Change in contract liability - life (71,716) (81,485) 9,769 (71,716) -
Net benefits and claims (7 to 11) (12,880) - (23,442) 10,562 - (12,880) - - - -
- - -
- - -
reinsurance)
- - -
Other operating and administrative expenses 37,138 34,338 2,800 37,138 -
Finance costs - - -
- - -
Profit before tax (6+12-13-18) - - - - - - - - - -
- - -
Profit for the period (19-20) - - - - - - - - - -
80
15 Industry Balance sheet as at 31st December 2021 (General Insurance Business)
Industry (All figures in Rs. '000)

Total Industry
General Insurance SRCC Collected by
Line excluding Reinsurance of NITF
Business NITF
Reinsurance
Assets
1 Goodwill 390,347 - 390,347 -
2 Intangible Assets 1,874,638 - 1,874,638 -
3 Deferred Expenses 899,509 - 899,509 -
4 Right of Use Assets 1,465,820 61,043 1,526,863 -
5 Property Plant and Equipments 19,139,045 12,529 19,151,574 -
6 Investment Property 2,203,600 - 2,203,600 -
7 Investment in Subsidiaries 21,741,980 - 21,741,980 -
6.1 Investment in segregrated company 955,760 - 955,760 -
6.2 Investment in Other companies 20,786,220 - 20,786,220 -
8 Investment Associates 231,706 - 231,706 -
7.1 Investment in segregrated company - - - -
7.2 Investment in Other companies 231,706 - 231,706 -
Financial Investments (total of lines 9 to
9 118,467,432 19,666,178 138,133,610 2,087,676
12)
10 HTM Financial Assets 6,371,324 29,982 6,401,306 703,316
11 Loans and receivables 55,142,375 4,522,342 59,664,717 467,416
12 AFS Financial Assets 47,810,348 15,113,854 62,924,202 916,944
Financial Assets at Fair Value through Profit
13 9,143,385 - 9,143,385 -
and Loss
14 Outstanding policy loans - - - -
15 Reinsurance Receivables 14,616,889 - 14,616,889 1,082,149
16 Premium Receivables 26,502,260 2,171,519 28,673,779 1,590,481
17 Other Assets 8,542,242 1,049,259 9,591,501 24
18 Deffered Acquisistion Cost 3,013,910 526,263 3,540,173 252,059
19 Cash and cash equivalents 7,608,809 32,515 7,641,324 520,519
Total assets (Total of Lines 1 to 8 and 13
20 226,698,187 23,519,306 250,217,493 5,532,908
to 18)
Equity and Liabilities - - - -
Liabilities - - - -
21 Insurance Contract Liabilities 80,306,021 3,383,563 83,689,584 4,327,311
22 Employee Benefits 1,976,434 - 1,976,434 -
23 Reinsurance Payable 13,488,563 7,371 13,495,934 774,131
24 Deferred Revenue 1,297,868 - 1,297,868 -
25 Interest bearing liabilities 557,007 84,370 641,377 -
26 Other Liabilities 23,539,397 1,317,112 24,856,509 43,481
27 Total liabilities (Total of Lines 20 - 25) 121,165,290 4,792,416 125,957,706 5,144,923
Shareholder's equity - - - -
28 Stated Capital 30,074,456 - 30,074,456 -
29 Other Reserves 9,475,162 - 9,475,162 -
30 Revaluation reserves 10,629,117 - 10,629,117 -
31 Retained Earnings 55,354,162 18,726,892 74,081,054 387,985
32 Total Shareholders' Equity (27 to 30) 105,532,898 18,726,892 124,259,790 387,985
33 226,698,190 23,519,308 250,217,498 5,532,908
(26+31)
Note: Difference is due to Intersegment receivable and payable balances of NITF 81

Company wise Balance sheets as at 31st December 2021 - General Insurance Business (Cont..)
Alianz Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets 1,400,508
3 Deferred Expenses 652,382
4 Right of Use Assets 368,509
5 Property Plant and Equipments 267,866
6 Investment Property
7 Investment in Subsidiaries
6.1 Investment in segregrated company
6.2 Investment in Other companies
8 Investment Associates
9 16,993,644
12)
10 HTM Financial Assets
11 Loans and receivables 884,357
12 AFS Financial Assets 16,109,287
13
and Loss
14 Outstanding policy loans
15 Reinsurance Receivables 1,366,259
16 Premium Receivables 3,650,274
17 Other Assets 1,646,226
18 Deffered Acquisistion Cost
19 Cash and cash equivalents 1,623,019
Total Assets (Total of Lines 1 to 8 and 13
20 27,968,687
to 18)
Equity and Liabilities
Liabilities
21 Insurance Contract Liabilities 9,981,319
22 Employee Benefits 398,325
23 Reinsurance Payable 1,707,741
24 Deferred Revenue 133,515
25 Interest bearing liabilities 214,353
26 Other Liabilities 3,198,615
27 Total Liabilities (Total of Lines 20 to 25) 15,633,868
Shareholders' Equity
28 Stated Capital 8,619,972
29 Other Reserves 52,321
30 Revaluation reserves
31 Retained Earnings 3,662,527
32 Total Shareholders' Equity (27 to 30) 12,334,820
33 27,968,687
(26+31)
82
Amana Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill 29,839
2 Intangible Assets
3 Deferred Expenses
6 Investment Property 46,500
6.1 Investment in segregrated company 411,500
6.2 Investment in Other companies 641,368
9 1,030,885
12)
12 AFS Financial Assets 92,504
13
and Loss
15 Reinsurance Receivables 213,349
16 Premium Receivables 767,090
17 Other Assets 143,818
18 Deferred Acquisition Cost
19 Cash and Cash Equivalents 56,793
20 3,402,269
to 18)
Liabilities
21 Insurance Contract Liabilities 906,280
23 Reinsurance Payable 265,304
24 Deferred Revenue
25 Interest bearing liabilities
26 Other Liabilities 640,477
27 Total liabilities (Total of Lines 20-25) 1,850,893
Shareholder's equity
29 Other Reserves
30 Revaluation reserves 28,450
31 Retained Earnings -337,076
33 3,402,269
(26+31)
83
Continental
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets 2,404
3 Deferred Expenses
4 Right of Use Assets
5 Property Plant and Equipment 184,765
6 Investment Property 0
7 Investment in Subsidiaries 510,000
6.1 Investment in segregated company 0
6.2 Investment in other companies 510,000
8 Investment in Associates
7.1 Investment in segregated company
7.2 Investment in other companies
9 5,649,584
12)
10 HTM Financial Assets 0
11 Loans and receivables 4,732,857
13 862,879
and Loss
18 Deferred Acquisition Cost 349,103
20 8,455,319
to 18)
Liabilities
24 Deferred Revenue
29 Other Reserves -518
33 8,455,319
( 26+31)
84
Ceylinco Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
5 Property Plant and Equipment 4,149,976
Financial Investments (total of lines 9 to 17,427,766
9
12)
13
and Loss
18 Deferred Acquisition Cost 1,048,559
20 36,648,668
to 18)
Liabilities
22 Employee Benefits 0
28 Stated Capital 500,200
29 Other Reserves 7,024,489
33 36,648,668
( 26+31)
85
Coperative Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
6.1 Investment in segregated company 544,260
6.2 Investment in other companies -
9 5,850,389
12)
10 HTM Financial Assets 2,878,042
13
and Loss
20 9,806,005
to 18)
Liabilities
24 Deferred Revenue
29 Other Reserves -26,402
33 9,806,007
( 26+31)
86
Fairfirst
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill 360,508
3 Deferred Expenses
9 10,414,835
12)
13
and Loss
18 Deffered Acquisistion Cost 666,187
19 Cash and cash equivalents 384,290
Total assets (Total of Lines 1 to 8 and 13
20 19,312,806
to 18)
Liabilities
27 Total liabilities (Total of Lines 20 - 25) 12,435,393
33 19,312,806
(26+31)
87
HNB Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
9 4,426,983
12)
10 HTM Financial Assets -
13 196,830
and Loss
20 7,568,781 -
to 18)
Liabilities
24 Deferred Revenue
33 7,568,781
( 26+31)
88
LOLC Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
8 Investment in Associates 67,581
9 8,443,284
12)
13 1,886,233
and Loss
20 11,999,920
to 18)
Liabilities
33 11,999,920
( 26+31)
89
MBSL
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets
3 Deferred Expenses
9
12) 1,051,277
13
and Loss 13,667
18 Deferred Acquisition Cost -
20
to 18) 1,399,160
Liabilities
24 Deferred Revenue
27 Total Liabilities (Total of Lines 20 to 25)
934,584
31 Retained Earnings -1,421,600
32 Total Shareholders' Equity (27 to 30) 464,575
33 1,399,160
( 26+31)
90
NITF (All figures in Rs. '000)

General Insurance Total excluding
Line SRCC & T Reinsurance
Business Reinsurance
Assets
1 Goodwill
2 Intangible Assets 19,673 19,673
3 Deferred Expenses
4 Right of Use Assets 1,103 61,043 62,146
5 Property Plant and Equipment 22,766 12,529 35,295
9 619,832 19,666,178 20,286,010 2,087,676
12)
10 HTM Financial Assets 29,982 29,982 703,316
11 Loans and receivables 619,832 4,522,342 5,142,174 467,416
12 AFS Financial Assets 15,113,854 15,113,854 916,944
13
and Loss
15 Reinsurance Receivables 19,993 19,993 1,082,149
16 Premium Receivables 29,265 2,171,519 2,200,784 1,590,481
17 Other Assets 52,130 1,049,259 1,101,389 24
18 Deferred Acquisition Cost 72 526,263 526,335 252,059
19 Cash and Cash Equivalents 160,727 32,515 193,242 520,519
20 925,561 23,519,306 24,444,867 5,532,908
to 18)
Liabilities
22 Employee Benefits 29,677 29,677
23 Reinsurance Payable 524,541 7,371 531,912 774,131
24 Deferred Revenue
25 Interest bearing liabilities 1,339 84,370 85,709
27 Total Liabilities (Total of Lines 20 to 25) 5,289,113 4,792,416 10,081,529 5,144,923
28 Stated Capital
29 Other Reserves
31 Retained Earnings -4,363,550 18,726,892 14,363,342 387,985
32 Total Shareholders' Equity (27 to 30) -4,363,550 18,726,892 14,363,342 387,985
33 925,563 23,519,308 24,444,871 5,532,908
( 26+31)
91
Orient
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
9 1,465,879
12)
12 AFS Financial Assets
13
and Loss
20 3,194,603
to 18)
Liabilities
29 Other Reserves
31 Retained Earnings 329,136
33 3,194,603
( 26+31)
92
People's
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
9 8,949,957
12)
13 859,055
and Loss
20 11,251,468
to 18)
Liabilities
24 Deferred Revenue
33 11,251,468
( 26+31)
93
Company wise Balance sheets as at 31st December 2021- General Insurance Business (Cont..)
Sanasa Gen.
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets
3 Deferred Expenses
9 796,648
12)
13 115,517
and Loss
18 Deferred Acquisition Cost 0
20 1,372,239
to 18)
Liabilities
24 Deferred Revenue
27 Total Liabilities (Total of Lines 20 to 25) 631,427
29 Other Reserves
33 1,372,242
( 26+31)
94
SLIC
General Insurance
Line Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
6 Investment Property 1,942,600
7 Investment in Subsidiaries 19,634,852
6.2 Investment in other companies 19,634,852
8 Investment in Associates 164,125
9 35,346,469
12)
10 HTM Financial Assets 516,869
13 5,209,204
and Loss
19 Cash and Cash Equivalents 3,137,988
20 83,392,699
to 18)
Liabilities
22 Employee Benefits 1,000,561
24 Deferred Revenue
30 Revaluation reserves 9,422,000
33 83,392,697
( 26+31)
95
16. Industry Balance sheet as at 31st December 2020 - General Insurance Business - (Reinstated with Audited in 2020)

General Total Industry
SRCC Collected Reinsurance of
Line Insurance excluding
by NITF NITF
Business Reinsurance
Assets
1 Goodwill 360,508 - 360,508 -
2 Intangible Assets 1,820,462 - 1,820,462 -
3 Deferred Expenses 1,012,843 - 1,012,843 -
4 Right of Use Asset 1,400,362 89,717 1,490,079
5 Property Plant and Equipments 16,735,788 16,037 16,751,825 -
6 Investment Property 1,974,966 - 1,974,966 -
7 Investment in Subsidiaries - - - -
6.1 Investment in segregrated company 985,760 - 985,760 -
6.2 Investment in Other companies 20,276,220 - 20,276,220 -
8 Investment Associates - - - -
7.1 Investment in segregrated company - - - -
7.2 Investment in Other companies 164,125 - 164,125 -
9 Financial Investments (total of lines 9 to 12) 107,458,996 17,160,594 124,619,590 2,959,552
10 HTM Financial Assets 4,805,874 2,726,226 7,532,100 746,552
11 Loans and receivables 52,092,591 27,854 52,120,445 1,374,625
12 AFS Financial Assets 43,438,480 14,406,514 57,844,994 838,375
13 Financial Assets at Fair Value through Profit and Loss 7,122,051 - 7,122,051 -
14 Outstanding policy loans - - - -
15 Reinsurance Receivables 12,812,145 - 12,812,145 1,082,149
16 Premium Receivables 26,106,212 1,469,955 27,576,167 1,267,806
17 Other Assets 6,778,043 1,049,334 7,827,377 6
18 Deffered Acquisistion Cost 2,903,982 467,400 3,371,382 246,058
19 Cash and cash equivalents 6,540,077 56,019 6,596,096 510,262
20 Total assets (Total of Lines 1 to 8 and 13 to 18) 207,330,489 20,309,056 227,639,545 6,065,833
Equity and Liabilities - - - -
Liabilities - - -
22 Employee Benefits 2,344,741 - 2,344,741 -
23 Reinsurance Payable 9,824,765 77,593 9,902,358 921,939
24 Deferred Revenue 1,267,904 - 1,267,904 -
25 Interest bearing liabilities 325,687 - 325,687 107,827
27 Total liabilities (Total of Lines 20 - 25) 113,032,065 4,545,567 117,577,632 5,178,863
Shareholder's equity - - - -
28 Stated Capital 28,791,897 - 28,791,897 -
29 Other Reserves 10,417,106 - 10,417,106 -
30 Revaluation reserves 8,313,721 - 8,313,721 -
31 Retained Earnings 46,775,696 15,763,489 62,539,185 886,970
32 Total Shareholders' Equity (27 to 30) 94,298,420 15,763,489 110,061,909 886,970
33 207,330,485 20,309,056 227,639,541 6,065,833
(26+31)
Note: Difference is due to Intersegment receivable and payable balances of NITF 96

(Reinstated with Audited in 2019)
Alianz Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets 1,312,889
4 Right of Use Asset 368,420
9 Financial Investments (total of lines 9 to 12) 16,681,040
13 Financial Assets at Fair Value through Profit and Loss
18 Deffered Acquisistion Cost
19 Cash and cash equivalents 1,406,489
20 Total Assets (Total of Lines 1 to 8 and 13 to 18) 28,024,882
Liabilities
33 28,024,882
(26+31)
97
Amana Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
6.1 Investment in segregrated company 411,500
6.2 Investment in Other companies 641,368
9 Financial Investments (total of lines 9 to 12) 805,543
Liabilities
24 Deferred Revenue
27 Total liabilities (Total of Lines 20-25) 1,440,552
29 Other Reserves
31 Retained Earnings -383,464
33 2,945,567
(26+31)
98
Continental
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
4 Right of Use Asset
13 Financial Assets at Fair Value through Profit and Loss 1,161,875
Liabilities
24 Deferred Revenue
33 7,866,408
( 26+31)
99
Ceylinco Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
18 Deferred Acquisition Cost 1,030,182
Liabilities
22 Employee Benefits
33 32,061,287
( 26+31)
100
Coperative Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
6.1 Investment in segregated company 574,260
6.2 Investment in other companies 0
Liabilities
24 Deferred Revenue
33 7,935,838
( 26+31)
101
Fairfirst
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill 360,508
3 Deferred Expenses
18 Deffered Acquisistion Cost 586,313
19 Cash and cash equivalents 590,171
20 Total assets (Total of Lines 1 to 8 and 13 to 18) 18,046,123
Liabilities
27 Total liabilities (Total of Lines 20 - 25) 11,741,615
33 18,046,123
(26+31)
102
HNB Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
13 Financial Assets at Fair Value through Profit and Loss 242,953
Liabilities
24 Deferred Revenue
33 6,855,077
( 26+31)
103
LOLC Gen.
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
Liabilities
33 9,891,278
( 26+31)
104
MBSL
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
Liabilities
24 Deferred Revenue
31 Retained Earnings -1,334,239
33 1,426,185
( 26+31)
105
General
Total excluding
Line Insurance SRCC & T Reinsurance
Reinsurance
Business
Assets
1 Goodwill
3 Deferred Expenses
4 Right of Use Asset 4,795 89,717
5 Property Plant and Equipment 26,189 16,037
6 Investment Property -
7 Investment in Subsidiaries -
6.1 Investment in segregated company -
8 Investment in Associates -
7.1 Investment in segregated company -
9 Financial Investments (total of lines 9 to 12) 746,991 17,160,594 17,907,585 2,959,552
10 HTM Financial Assets 2,726,226 2,726,226 746,552
11 Loans and receivables 746,991 27,854 774,845 1,374,625
12 AFS Financial Assets 14,406,514 14,406,514 838,375
13 Financial Assets at Fair Value through Profit and Loss -
14 Outstanding policy loans -
15 Reinsurance Receivables 19,993 19,993 1,082,149
16 Premium Receivables 111,721 1,469,955 1,581,676 1,267,806
17 Other Assets 61,059 1,049,334 1,110,393 6
18 Deferred Acquisition Cost 89 467,400 467,489 246,058
19 Cash and Cash Equivalents 201,281 56,019 257,300 510,262
20 Total Assets (Total of Lines 1 to 8 and 13 to 18) 1,178,116 20,309,056 21,487,172 6,065,833
Equity and Liabilities -
Liabilities -
22 Employee Benefits 50,121 50,121
23 Reinsurance Payable 401,153 77,593 478,746 921,939
24 Deferred Revenue -
25 Interest bearing liabilities 5,437 5,437 107,827
27 Total Liabilities (Total of Lines 20 to 25) 4,741,114 4,545,567 9,286,681 5,178,863
Shareholders' Equity -
28 Stated Capital -
29 Other Reserves -
30 Revaluation reserves -
31 Retained Earnings -3,562,999 15,763,489 12,200,490 886,970
32 Total Shareholders' Equity (27 to 30) -3,562,999 15,763,489 12,200,490 886,970
33 1,178,115 20,309,056 21,487,171 6,065,833
( 26+31)
106
Orient
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
Liabilities
29 Other Reserves
33 2,612,380
( 26+31)
107
People's
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
Liabilities
24 Deferred Revenue
33 10,783,719
( 26+31)
108
Sanasa
General
Insurance
Line
Business
(Rs. '000)
Assets
1 Goodwill
2 Intangible Assets
3 Deferred Expenses
9 Financial Investments (total of lines 9 to 12) 771,542
Liabilities
24 Deferred Revenue
29 Other Reserves
33 1,303,081
( 26+31)
109
SLIC
General Insurance
Line
Business (Rs. '000)
Assets
1 Goodwill
3 Deferred Expenses
6 Investment Property 1,719,966
6.2 Investment in other companies 19,634,852
10 HTM Financial Assets 566,710
13 Financial Assets at Fair Value through Profit and Loss 3,968,956
19 Cash and Cash Equivalents 3,186,885
Liabilities
22 Employee Benefits 1,332,255
24 Deferred Revenue
30 Revaluation reserves 7,301,747
33 76,400,546
( 26+31)
110
17. Extract of Income Statement of General Insurance Business - 2021

2021
Motor SRCC
Fire Marine Health Miscellaneous Collected by Total Reinsurance
3rd party only Comprehensive
NITF
GWP 14,918,643 3,134,795 2,593,268 58,411,821 19,979,215 10,020,780 6,754,134 115,812,656 3,548,785
- Coinsurance outward (157,839) (28,216) - (600) (130) (92,227) - (279,012) -
- SRCC & TC Premium (4,435,951) (32,469) - (1,270,530) (18,938) (1,015,369) - (6,773,257) -
- Reinsurance (7,997,992) (1,885,797) (244,411) (3,381,568) (1,662,947) (5,305,779) - (20,478,494) (466,293)
NWP (1-(2+3+4)) 2,326,861 1,188,313 2,348,857 53,759,123 18,297,200 3,607,405 6,754,134 88,281,893 3,082,492
Change in UEP (182,719) (52,343) 21,695 (128,119) (219,640) (300,051) (439,755) (1,300,932) (763,068)
NEP (5+6) 2,144,142 1,135,970 2,370,552 53,631,004 18,077,560 3,307,354 6,314,379 86,980,961 2,319,424
- - - - - - - - -
Benefits/losses (3,330,461) (857,598) (1,222,626) (36,658,557) (19,543,109) (2,616,395) (1,180,554) (65,409,300) (3,093,283)
Non Life Insurance Losses and Loss
(2,431,448) (519,210) (499,881) (26,088,009) (17,267,200) (1,510,957) (36,899) (48,353,604) (2,379,115)
Adj Exp(net)
Underwriting and Net Acquisition
(162,919) (69,474) (29,341) (6,494,195) (818,710) (568,727) (1,028,622) (9,171,988) (714,168)
Costs
Other Insurance related costs (net) (736,094) (268,914) (693,404) (4,076,353) (1,457,199) (536,711) (115,033) (7,883,708) -
Underwriting Results (1,186,319) 278,372 1,147,926 16,972,447 (1,465,549) 690,959 5,133,825 21,571,661 (773,859)
- -
Other Revenue 14,948,948 282,825
Fees & commission income 1,915,255 -
Income from investments 11,282,156 145,401
Other income 1,751,537 137,424
- -
Expenses (17,229,909) (34,471)
Other operating, investment related
(17,229,909) (34,471)
and admin expenses
Amortisation of goodwill & Intangible
- -
Assets
Profit from operations 19,290,700 (525,505)
Interest expense (248,323) -
Profit before taxation 19,042,377 (525,505)
Tax (3,054,638) -
Profit After taxation 15,987,739 (525,505)
111
Extract of Income Statement of General Insurance Business - 2021(Cont..)
Allianz Gen. (All figures in Rs. '000)

2021
Motor
Fire Marine Health Miscellaneous Total
GWP 2,724,266 394,122 8,169,548 1,594,647 706,442 13,589,025
- Coinsurance outward
- SRCC & TC Premium (793,297) (3,100) (205,621) (18,938) (77,936) (1,098,892)
- Reinsurance (1,206,533) (45,558) (13,971) (216,995) (239,622) (1,722,679)
NWP (1-(2+3+4)) 724,436 345,464 7,949,956 1,358,714 388,884 10,767,454
Change in UEP 147,920 (8,159) 475,692 (124,612) 82,867 573,708
NEP (5+6) 872,356 337,305 - 8,425,648 1,234,102 471,751 11,341,162
Benefits/losses (1,356,697) (278,740) - (5,881,525) (1,024,136) (247,026) (8,788,124)

(997,880) (203,649) (3,514,364) (850,150) 5,323 (5,560,720)
Adj Exp(net)
(358,817) (75,091) (2,367,161) (173,986) (252,349) (3,227,404)
Costs
Other Insurance related costs (net)
Underwriting Results (484,341) 58,565 - 2,544,123 209,966 224,725 2,553,038
Other Revenue 1,478,016

Fees & commission income 211,598
Income from investments 1,186,704
Other income 79,714
Expenses (2,488,161)
(2,488,161)
and admin expenses
Assets
Profit from operations 1,542,893
Interest expense
Profit before taxation 1,542,893
Tax (387,833)
Profit After taxation 1,155,060
112
Extract of Income Statement of General Insurance Business - 2021 (Cont..)
Amana Gen. (All figures in Rs. '000)

2021
Motor
GWP 321,981 271,431 54,966 1,141,941 408,510 244,461 2,443,290
- Coinsurance outward (37,390) (4,130) (435) (43,976) (85,931)
- SRCC & TC Premium (150,527) (6,054) (27,705) (184,286)
- Reinsurance (141,511) (159,469) (66,397) (101,898) (469,275)
NWP (1-(2+3+4)) (7,447) 101,778 54,966 1,075,109 408,510 70,882 1,703,798
Change in UEP 780 5,376 429 (71,470) (48,845) 10,469 (103,261)
NEP (5+6) (6,667) 107,154 55,395 1,003,639 359,665 81,351 1,600,537
Benefits/losses (49,905) (48,238) (7,241) (556,232) (284,656) (75,749) (1,022,021)

(32,370) (33,456) (4,248) (494,042) (262,409) (62,436) (888,961)
Adj Exp(net)
(17,535) (14,782) (2,993) (62,190) (22,247) (13,313) (133,060)
Costs
Underwriting Results (56,572) 58,916 48,154 447,407 75,009 5,602 578,516
Other Revenue 132,858

Fees & commission income
Income from investments 113,270
Other income 19,588
Expenses (687,610)
(687,610)
and admin expenses
Assets
Profit from operations 23,764
Interest expense
Profit before taxation 23,764
Tax
Profit After taxation 23,764
113
Continental (All figures in Rs. '000)

2021
Motor
GWP 1,163,564 122,829 9,566 2,745,672 853,150 408,580 5,303,361
- SRCC & TC Premium (204,958) (13) (66,117) (52,176) (323,264)
- Reinsurance (707,064) (95,005) (38,314) (11,824) (293,217) (1,145,424)
NWP (1-(2+3+4)) 209,596 16,077 9,566 2,641,241 841,196 25,830 3,743,506
Change in UEP 15,049 (4,176) 156,030 (84,700) (9,081) 73,122
NEP (5+6) 224,645 11,901 9,566 2,797,271 756,496 16,749 3,816,628
Benefits/losses (8,837) 8,636 - (1,521,028) (782,388) (5,504) (2,309,121)

(18,443) 15 (1,108,236) (714,746) (10,497) (1,851,907)
Adj Exp(net)
11,899 8,621 (383,218) (62,603) 5,002 (420,299)
Costs
Other Insurance related costs (net) (2,293) (29,574) (5,039) (9) (36,915)
Underwriting Results 215,808 20,537 9,566 1,276,243 (25,892) 11,245 1,507,507

Other income 97,436
(1,089,894)
and admin expenses
Assets
Interest expense (8,654)
Tax (228,412)
114
Extract of Income Statement of General Insurance Business - 2021(Cont..)
Ceylinco Gen. (All figures in Rs. '000)

2021
Motor
GWP 3,384,913 762,733 726,443 9,453,238 2,076,839 3,801,938 20,206,104
- Coinsurance outward (52,021) (9,122) (61,143)
- SRCC & TC Premium (1,212,075) (4,768) (135,189) (294,178) (1,646,210)
- Reinsurance (1,918,932) (384,967) (136,344) (649,103) (238,759) (2,092,236) (5,420,341)
NWP (1-(2+3+4)) 201,885 372,998 590,099 8,668,946 1,838,080 1,406,402 13,078,410
Change in UEP (43,684) (9,713) 9,472 252,712 103,814 (137,489) 175,112
NEP (5+6) 158,201 363,285 599,571 8,921,658 1,941,894 1,268,913 13,253,522
Benefits/losses (981,236) (244,711) 19,271 (5,192,171) (1,769,398) (854,673) (9,022,918)

(673,930) (125,820) (10,487) (4,111,016) (1,590,350) (551,938) (7,063,541)
Adj Exp(net)
(307,306) (118,891) 29,758 (1,081,155) (179,048) (302,735) (1,959,377)
Costs
Underwriting Results (823,035) 118,574 618,842 3,729,487 172,496 414,240 4,230,604

Other income 6,500
(4,966,757)
and admin expenses
Assets
Tax (238,177)
115
Cooperative Gen. (All figures in Rs. '000)

2021
Motor
GWP 177,675 49,864 300,204 3,438,823 169,822 382,971 4,519,359
- Coinsurance outward -
- SRCC & TC Premium (48,406) (2,999) (80,444) (12,920) (144,769)
- Reinsurance (86,621) (32,324) (30,020) (280,775) (1,276) (136,737) (567,753)
NWP (1-(2+3+4)) 42,648 14,541 270,184 3,077,604 168,546 233,314 3,806,837
Change in UEP (7,257) (2,579) 32,957 (39,874) (29,951) (46,704)
NEP (5+6) 35,391 11,962 270,184 3,110,561 128,672 203,363 3,760,133
Benefits/losses (22,556) (6,426) (8,162) (2,111,404) (163,062) (107,422) (2,419,032)

(27,317) (9,054) (8,162) (1,823,517) (153,471) (103,694) (2,125,215)
Adj Exp(net)
4,761 2,628 (287,887) (9,591) (3,728) (293,817)
Costs
Other Insurance related costs (net) -
Underwriting Results 12,835 5,536 262,022 999,157 (34,390) 95,941 1,341,101

Other income 9,630
(1,295,522)
and admin expenses
Assets
Tax (113,554)
116
Fairfirst (All figures in Rs. '000)

2021
Motor
GWP 1,964,322 638,991 184,442 5,963,613 2,997,014 950,011 12,698,393
- SRCC & TC Premium (269,620) (6,122) (145,890) (362,697) (784,329)
- Reinsurance (1,411,130) (527,881) (71,360) (1,973,408) (1,191,033) (415,214) (5,590,026)
NWP (1-(2+3+4)) 283,572 104,988 113,082 3,844,315 1,805,981 172,100 6,324,038
Change in UEP (11,543) (9,498) 5,583 (29,447) 1,023 (6,279) (50,161)
NEP (5+6) 272,029 95,490 118,665 3,814,868 1,807,004 165,821 6,273,877
Benefits/losses (83,336) (36,044) (100,722) (3,573,228) (2,186,359) (107,245) (6,086,934)

(79,409) (48,826) (68,592) (2,217,802) (1,401,810) (66,912) (3,883,351)
Adj Exp(net)
80,931 42,570 4,887 (165,393) (220,861) 11,394 (246,472)
Costs
Other Insurance related costs (net) (84,858) (29,788) (37,017) (1,190,033) (563,688) (51,727) (1,957,111)
Underwriting Results 188,693 59,446 17,943 241,640 (379,355) 58,576 186,943

Other income 154,338
Expenses (236,330)
(236,330)
and admin expenses
Assets
Interest expense
Tax (194,096)
117
HNB Gen. (All figures in Rs. '000)

2021
Motor
GWP 759,119 81,874 3,947 3,861,339 584,277 358,022 5,648,578
- SRCC & TC Premium (326,774) (994) (103,838) (50,160) (481,766)
- Reinsurance (405,688) (75,429) (166) (71,607) (258,667) (811,557)
NWP (1-(2+3+4)) 26,657 5,451 3,781 3,685,894 584,277 49,195 4,355,255
Change in UEP (6,237) (363) (301) (165,563) (60,594) (9,194) (242,252)
NEP (5+6) 20,420 5,088 3,480 3,520,331 523,683 40,001 4,113,003
-
Benefits/losses 39,257 10,660 (1,625) (2,381,317) (644,773) 18,673 (2,959,125)
(29,124) (3,759) (1,448) (1,927,261) (599,085) (18,077) (2,578,754)
Adj Exp(net)
64,909 14,329 (176) (449,036) (44,336) 37,594 (376,716)
Costs
Other Insurance related costs (net) 3,472 90 (1) (5,020) (1,352) (844) (3,655)

Other income 40,212
(1,302,901)
and admin expenses
Assets
Tax (73,018)
118
LOLC Gen. (All figures in Rs. '000)

2021
Motor
GWP 1,283,530 47,960 16,967 5,719,072 216,952 7,284,481
- Coinsurance outward 839 839
- SRCC & TC Premium (540,603) (455) (133,016) (48,595) (722,669)
- Reinsurance (300,813) (27,650) (86,705) (23,314) (438,482)
NWP (1-(2+3+4)) 442,953 19,855 16,967 5,499,351 - 145,043 6,124,169
Change in UEP (204,005) (2,127) (572,108) (48,577) (826,817)
NEP (5+6) 238,948 17,728 16,967 4,927,243 - 96,466 5,297,352
-
Benefits/losses (199,860) (229) (67,790) (2,420,697) - (16,244) (2,704,820)
(317,121) (4,531) (67,790) (2,240,564) (37,812) (2,667,818)
Adj Exp(net)
117,261 4,302 (180,133) 21,568 (37,002)
Costs

Underwriting Results 39,088 17,499 (50,823) 2,506,546 - 80,222 2,592,532

Other income 6,070
(2,071,694)
and admin expenses
Assets
Tax (176,681)
119
MBSL (All figures in Rs. '000)

2021
Motor
GWP 32,175 1,017 29,894 298,044 9,100 67,006 437,236
- Coinsurance outward (4,653) (15) (165) (1,262) (6,095)
- SRCC & TC Premium (15,692) (2,379) (18,071)
- Reinsurance (9,362) (767) (2,857) (34,956) (54,515) (102,457)
NWP (1-(2+3+4)) 2,468 235 27,037 262,923 9,100 8,850 310,613
Change in UEP (1,166) 2 (5,752) (22,606) 1,568 (3,775) (31,729)
NEP (5+6) 1,302 237 21,285 240,317 10,668 5,075 278,884
Benefits/losses (3,390) (42) (4,327) (162,079) (275) (26,947) (197,060)

(469) (29) (149,615) (18,732) (168,845)
Adj Exp(net)
(2,814) (12) (4,327) (4,951) (275) (6,900) (19,279)
Costs
Other Insurance related costs (net) (107) (1) (7,513) (1,315) (8,936)
Underwriting Results (2,088) 195 16,958 78,238 10,393 (21,872) 81,824

Other income 5,470
Expenses (232,051)
(232,051)
and admin expenses
Assets
Profit from operations (40,142)
Profit before taxation (87,359)
Tax -
Profit After taxation (87,359)
120

2021
Motor
Fire Marine Health Miscellaneous SRCC Total Reinsurance
GWP 6,567 1,597 - 175,572 6,322,002 105,476 6,754,134 13,365,348 3,548,785
- SRCC & TC Premium -
- Reinsurance (123,388) (123,388) (466,293)
NWP (1-(2+3+4)) 6,567 1,597 - 175,572 6,322,002 (17,912) 6,754,134 13,241,960 3,082,492
Change in UEP 27,581 35,869 (439,755) (376,305) (763,068)
NEP (5+6) 6,567 1,597 - 203,153 6,322,002 17,957 6,314,379 12,865,655 2,319,424
Benefits/losses (49) (13,787) - (202,403) (6,759,392) (223,287) (1,180,554) (8,379,472) (3,093,283)

(49) (13,787) (202,355) (6,759,392) (217,236) (36,899) (7,229,718) (2,379,115)
Adj Exp(net)
(48) (6,051) (1,028,622) (1,034,721) (714,168)
Costs
Other Insurance related costs (net) - (115,033) (115,033)
Underwriting Results 6,518 (12,190) - 750 (437,390) (205,330) 5,133,825 4,486,183 (773,859)
Other Revenue 1,226,481 282,825

Other income 26,644 137,424
Expenses (354,418) (34,471)

(354,418) (34,471)
and admin expenses
Assets
Profit from operations 5,358,246 (525,505)
Profit before taxation 5,342,569 (525,505)
Tax (991,504)
Profit After taxation 4,351,065 (525,505)
121
Orient (All figures in Rs. '000)

2021
Motor
GWP 239,845 17,916 1,666,172 134,939 110,013 2,168,885
- SRCC & TC Premium (89,229) (70) (43,404) (8,297) (141,000)
- Reinsurance (124,632) (12,357) (30,925) (69,766) (237,680)
NWP (1-(2+3+4)) 25,984 5,489 - 1,591,843 134,939 31,950 1,790,205
Change in UEP (5,672) (1,517) (169,308) (10,766) (1,632) (188,895)
NEP (5+6) 20,312 3,972 - 1,422,535 124,173 30,318 1,601,310
-
Benefits/losses 10,604 (612) - (933,372) (105,727) (6,093) (1,035,200)
(5,883) (2,012) (751,597) (103,703) (2,700) (865,895)
Adj Exp(net)
16,487 1,400 (181,775) (2,024) (3,393) (169,305)
Costs
Underwriting Results 30,916 3,360 - 489,163 18,446 24,225 566,110

Other income
Expenses (553,710)
(553,710)
and admin expenses
Assets
Interest expense -
Tax (47,041)
122
People's (All figures in Rs. '000)

2021
Motor
GWP 507,548 131,414 212,466 4,551,943 156,917 443,177 6,003,465
- Coinsurance outward (22,668) (12,337) (510) (35,515)
- SRCC & TC Premium (201,876) (1,117) (118,308) (12,063) (333,364)
- Reinsurance (190,829) (88,864) (50,422) (260,323) (590,438)
NWP (1-(2+3+4)) 92,175 29,096 212,466 4,383,213 156,917 170,281 5,044,148
Change in UEP (3,232) (6,617) 15,885 94,606 (24,166) 76,476
NEP (5+6) 88,943 22,479 228,351 4,477,819 156,917 146,115 5,120,624
Benefits/losses 764 (15,335) (142,549) (3,053,181) (213,438) (97,643) (3,521,382)

(33,945) (20,579) (122,003) (2,513,051) (213,438) (91,302) (2,994,318)
Adj Exp(net)
34,709 5,244 (20,546) (540,130) (6,341) (527,064)
Costs

Other income 50,887
(1,246,958)
and admin expenses
Assets
Tax (197,688)
123
Sanasa Gen. (All figures in Rs. '000)

2021
Motor
GWP 14,488 81,874 526,850 16,522 250,373 890,107
- SRCC & TC Premium (4,931) (10,063) (6,807) (21,801)
- Reinsurance (3,758) (15,257) (3,060) (80,746) (102,821)
NWP (1-(2+3+4)) 5,799 - 81,874 501,530 13,462 162,820 765,485
Change in UEP (452) (489) (6,484) (1,098) 721 (7,802)
NEP (5+6) 5,347 - 81,385 495,046 12,364 163,541 757,683
Benefits/losses (5,938) - (214) (274,831) (5,034) (56,927) (342,944)

(5,430) (214) (228,937) (5,034) (29,679) (269,294)
Adj Exp(net)
(508) (45,894) (27,248) (73,650)
Costs
Underwriting Results (591) - 81,171 220,215 7,330 106,614 414,739

Other income 3,754
Expenses (542,198)
(542,198)
and admin expenses
Assets
Tax (17,050)
124
SLIC (All figures in Rs. '000)

2021
Motor
GWP 2,338,650 613,047 972,499 10,699,994 4,655,476 1,975,358 21,255,024
- SRCC & TC Premium (577,963) (6,777) (228,640) (59,456) (872,836)
- Reinsurance (1,491,119) (435,526) (3,664) (69,728) (1,156,136) (3,156,173)
NWP (1-(2+3+4)) 269,568 170,744 968,835 10,401,626 4,655,476 759,766 17,226,015
Change in UEP (63,220) (12,972) (3,132) (130,711) 44,444 (159,833) (325,424)
NEP (5+6) 206,348 157,772 965,703 10,270,915 4,699,920 599,933 16,900,591
-
Benefits/losses (669,282) (232,730) (909,267) (8,395,089) (5,604,471) (810,308) (16,621,147)
(210,078) (53,723) (216,937) (4,805,652) (4,613,612) (305,265) (10,205,267)
Adj Exp(net)
193,104 60,208 (35,944) (745,224) (103,739) (22,227) (653,822)
Costs
Underwriting Results (462,934) (74,958) 56,436 1,875,826 (904,551) (210,375) 279,444

Other income 1,251,294
Expenses (161,705)
(161,705)
and admin expenses
Assets
Interest expense
Tax (389,584)
125
18. Extract of Income Statement of General Insurance Business - 2020 - (Reinstated with Audited 2020)
Industry
2020
Motor
Industry SRCC Collected
Fire Marine Health Miscellaneous Total Reinsurance
3rd party only Comprehensive by NITF
GWP 13,238,221 2,353,025 2,516,103 59,980,368 18,919,326 8,538,353 6,088,496 111,633,892 3,235,474
- Coinsurance outward (131,516) (41,576) - (9,682) (1,483) (69,649) - (253,906) -
- SRCC & TC Premium (4,218,447) (34,976) - (1,210,580) (40,258) (610,936) - (6,115,197) -
- Reinsurance (6,609,886) (1,352,679) (231,961) (4,124,299) (1,645,816) (4,546,844) (100,121) (18,611,606) (985,500)
NWP (1-(2+3+4)) 2,278,372 923,794 2,284,142 54,635,807 17,231,769 3,310,924 5,988,375 86,653,183 2,249,974
Change in UEP 42,605 49,467 6,444 1,003,721 (2,236,202) 799,067 171,513 (163,385) 1,039,237
NEP (5+6) 2,320,977 973,261 2,290,586 55,639,528 14,995,567 4,109,991 6,159,888 86,489,798 3,289,211
- - - - - - - - -
Benefits/losses (2,609,667) (486,115) (1,618,036) (35,869,419) (14,297,337) (2,077,397) (864,305) (57,822,276) (2,238,015)
Non Life Insurance Losses and Loss Adj
(2,039,484) (277,372) (827,708) (26,063,564) (12,099,917) (1,225,842) 14,382 (42,519,505) (1,505,471)
Exp(net)
Underwriting and Net Acquisition Costs 57,794 (44,847) (86,971) (6,118,936) (899,619) (367,441) (996,995) (8,457,015) (732,544)
Other Insurance related costs (net) (627,977) (163,896) (703,357) (3,686,919) (1,297,801) (484,114) 118,308 (6,845,756) -
Underwriting Results (288,690) 487,146 672,550 19,770,109 698,230 2,032,594 5,295,583 28,667,522 1,051,196
- -
Other Revenue - -
Fees & commission income 1,748,877 -
Other income 1,201,851 40,325
-
Expenses
Other operating, investment related and
(18,276,250) (32,016)
admin expenses
Amortisation of goodwill & Intangible Assets - -

Profit from operations 23,624,417 1,230,524
Interest expense (263,933) -
Profit before taxation 23,360,484 1,230,524
Tax (5,321,159) -
Profit After taxation 18,039,325 1,230,524
126
Extract of Income Statement of General Insurance Business - 2020 Cont..) - (Reinstated with Audited 2020)
Allianz Gen. (All figures in Rs. '000)

2020
Motor
GWP 3,154,011 421,795 9,030,229 1,772,655 804,696 15,183,386
- SRCC & TC Premium (1,026,147) (12,527) (206,997) (40,258) (44,628) (1,330,557)
- Reinsurance (1,093,785) (73,331) (6,781) (150,594) (293,240) (1,617,731)
NWP (1-(2+3+4)) 1,034,079 335,937 - 8,816,451 1,581,803 466,828 12,235,098
Change in UEP 179,256 7,359 772,685 458,033 192,034 1,609,367
NEP (5+6) 1,213,335 343,296 - 9,589,136 2,039,836 658,862 13,844,465
-
Benefits/losses (1,463,563) (114,997) - (6,064,136) (1,808,357) (386,871) (9,837,924)
(1,282,938) (66,907) (4,238,735) (1,511,607) (248,836) (7,349,023)
Exp(net)
Underwriting and Net Acquisition Costs (180,625) (48,090) (1,825,401) (296,750) (138,035) (2,488,901)
Underwriting Results (250,228) 228,299 - 3,525,000 231,479 271,991 4,006,541

(4,024,271)
admin expenses
Amortisation of goodwill & Intangible Assets
Interest expense
Tax (401,079)
127
Extract of Income Statement of General Insurance Business - 2020 (Cont..) - (Reinstated with Audited 2020)
Amana Gen. (All figures in Rs. '000)

2020
Motor
GWP 245,719 143,651 51,787 940,918 248,746 208,676 1,839,497
- Coinsurance outward (30,894) (12,491) (3,546) (26,083) (73,014)
- SRCC & TC Premium (111,692) (4,961) (18,165) (134,818)
- Reinsurance (88,029) (79,260) (50,240) (57,802) (275,331)
NWP (1-(2+3+4)) 15,104 46,939 51,787 887,132 248,746 106,626 1,356,334
Change in UEP (4,195) 490 2,234 26,559 (42,979) 7,258 (10,633)
NEP (5+6) 10,909 47,429 54,021 913,691 205,767 113,884 1,345,701
-
Benefits/losses (7,439) (17,861) (11,046) (541,803) (222,026) (39,921) (840,096)
(21,897) (17,353) (2,365) (469,649) (180,920) (46,691) (738,875)
Exp(net)
Underwriting and Net Acquisition Costs 14,458 (508) (8,681) (72,154) (41,106) 6,770 (101,221)

Other income 31,572
Expenses (572,354)
(572,354)
admin expenses

Interest expense
Tax
128
Continental (All figures in Rs. '000)

2020
Motor
GWP 1,049,363 102,228 8,355 3,086,527 629,880 275,894 5,152,247
- SRCC & TC Premium (155,619) (5) (67,386) (47,342) (270,352)
- Reinsurance (623,905) (80,831) (43,112) (7,506) (209,011) (964,365)
NWP (1-(2+3+4)) 217,390 8,445 8,355 2,976,029 620,891 13,489 3,844,599
Change in UEP 20,269 1,554 157,678 (93,355) 11,897 98,043
NEP (5+6) 237,659 9,999 8,355 3,133,707 527,536 25,386 3,942,642
-
Benefits/losses (13,165) 4,578 (1,841,070) (478,428) (22,890) (2,350,975)
Non Life Insurance Losses and Loss Adj Exp(net) 2,219 (831) (1,343,003) (403,849) (23,453) (1,768,917)
Underwriting and Net Acquisition Costs (14,195) 5,409 (459,311) (50,358) 563 (517,892)
Other Insurance related costs (net) (1,189) (38,756) (24,221) (64,166)
Underwriting Results 224,494 14,577 8,355 1,292,637 49,108 2,496 1,591,667

Other income 18,320
Other operating, investment related and admin
(1,004,391)
expenses
Tax (288,387)
129
Ceylinco Gen. (All figures in Rs. '000)

2020
Motor
GWP 2,783,606 580,160 750,425 10,250,124 2,019,630 3,710,247 20,094,192
- SRCC & TC Premium (978,705) (3,881) (140,203) (231,837) (1,354,626)
- Reinsurance (1,505,020) (284,499) (129,481) (965,926) (193,430) (2,204,294) (5,282,650)
NWP (1-(2+3+4)) 282,581 288,040 620,944 9,138,327 1,826,200 1,241,803 13,397,895
Change in UEP (11,316) 2,803 (383) 173,191 (70,911) 64,215 157,599
NEP (5+6) 271,265 290,843 620,561 9,311,518 1,755,289 1,306,018 13,555,494
-
Benefits/losses (579,094) (155,935) (33,073) (5,793,785) (1,231,784) (705,349) (8,499,020)
(334,092) (65,837) (22,212) (4,676,143) (1,090,576) (446,339) (6,635,199)
Exp(net)
Underwriting and Net Acquisition Costs (245,002) (90,098) (10,861) (1,117,642) (141,208) (259,010) (1,863,821)
Underwriting Results (307,829) 134,908 587,488 3,517,733 523,505 600,669 5,056,474

Other income
(5,150,081)
admin expenses

Tax (390,679)
130
Cooperative Gen. (All figures in Rs. '000)

2020
Motor
GWP 154,885 26,445 273,803 3,574,869 107,082 263,013 4,400,097
- SRCC & TC Premium (42,404) (1,564) (76,999) (4,736) (125,703)
- Reinsurance (90,203) (16,788) (27,596) (299,844) (1,681) (108,621) (544,733)
NWP (1-(2+3+4)) 22,278 8,093 246,207 3,198,026 105,401 149,656 3,729,661
Change in UEP (2,014) (2,079) (68,863) (29,937) 7,009 (95,884)
NEP (5+6) 20,264 6,014 246,207 3,129,163 75,464 156,665 3,633,777
-
Benefits/losses (13,759) 1,358 (23,708) (2,085,609) (74,155) (31,704) (2,227,577)
(24,019) (1,398) (23,708) (1,823,678) (68,792) (41,146) (1,982,741)
Exp(net)
Underwriting and Net Acquisition Costs 10,260 2,756 (261,931) (5,363) 9,442 (244,836)

Other income 21,474
(1,224,556)
admin expenses

Tax (225,099)
131
Fairfirst (All figures in Rs. '000)

2020
Motor
GWP 1,724,859 493,007 191,754 6,200,034 3,279,880 792,110 12,681,644
- SRCC & TC Premium (493,068) (6,185) (146,206) (98,703) (744,162)
- Reinsurance (987,460) (401,578) (68,499) (2,068,583) (1,292,605) (520,425) (5,339,150)
NWP (1-(2+3+4)) 244,331 85,244 123,255 3,985,245 1,987,275 172,982 6,598,332
Change in UEP (38,532) 39,938 (10,546) (340,857) 40,116 32,593 (277,288)
NEP (5+6) 205,799 125,182 112,709 3,644,388 2,027,391 205,575 6,321,044
-
Benefits/losses (105,626) (42,258) (106,891) (3,449,252) (2,302,144) (152,728) (6,158,899)
(121,093) (54,707) (65,253) (2,109,845) (1,421,621) (103,187) (3,875,706)
Exp(net)
Underwriting and Net Acquisition Costs 81,404 52,556 (5,527) (171,768) (230,960) 16,324 (257,971)

Expenses (268,017)
(268,017)
admin expenses

Interest expense
Tax (236,421)
132
HNB Gen. (All figures in Rs. '000)

2020
Motor
GWP 647,788 54,682 3,454 3,579,607 472,065 240,132 4,997,728
- SRCC & TC Premium (278,752) (2) (91,708) (44,031) (414,493)
- Reinsurance (354,121) (52,838) (60,522) (160,841) (628,322)
NWP (1-(2+3+4)) 14,915 1,842 3,454 3,427,377 472,065 35,260 3,954,913
Change in UEP 1,936 113 24 (12,083) (149,842) (4,404) (164,256)
NEP (5+6) 16,851 1,955 3,478 3,415,294 322,223 30,856 3,790,657
-
Benefits/losses 34,499 7,379 55 (2,215,034) (295,541) 12,601 (2,456,041)
(26,365) (1,942) (187) (1,744,284) (267,647) (24,077) (2,064,502)
Exp(net)
Underwriting and Net Acquisition Costs 60,537 9,220 242 (446,030) (26,272) 35,774 (366,529)
Other Insurance related costs (net) 327 101 (24,720) (1,622) 904 (25,010)

Other income 13,932
(1,212,747)
admin expenses

Tax (179,855)
133
LOLC Gen. (All figures in Rs. '000)

2020
Motor
GWP 834,562 24,396 11,477 5,079,241 162,789 6,112,465
- SRCC & TC Premium (328,514) (448) (109,597) (34,425) (472,984)
- Reinsurance (414,640) (10,846) (388,046) (62,501) (876,033)
NWP (1-(2+3+4)) 74,056 8,636 11,477 4,581,349 - 61,343 4,736,861
Change in UEP (6,010) (413) (261,253) (21,578) (289,254)
NEP (5+6) 68,046 8,223 11,477 4,320,096 - 39,765 4,447,607
-
Benefits/losses 42,724 (96) 12,599 (1,787,887) 6,311 (1,726,349)
(67,520) (1,622) 12,599 (1,696,437) (15,370) (1,768,350)
Exp(net)
Underwriting and Net Acquisition Costs 110,244 1,526 (91,450) 21,681 42,001
Underwriting Results 110,770 8,127 24,076 2,532,209 - 46,076 2,721,258

Other income 4,009
admin expenses (1,831,326)

Tax (425,368)
134
MBSL (All figures in Rs. '000)

2020
Motor
GWP 16,423 752 15,184 240,814 8,297 30,845 312,315
- Coinsurance outward -212 -219 -556 (987)
- SRCC & TC Premium -12,333 -1,000 (13,333)
- Reinsurance -3,575 -503 -1,518 -36,162 -18,043 (59,801)
NWP (1-(2+3+4)) 303 249 13,666 204,433 8,297 11,246 238,194
Change in UEP 264 1 -8,474 -53,629 70 -6,072 (67,840)
NEP (5+6) 567 250 5,192 150,804 8,367 5,174 170,354
-
Benefits/losses (832) 636 - (117,950) - (14,883) (133,029)
(119,153)
Exp(net) 67 712 -107,809 -12,123
Underwriting and Net Acquisition Costs -862 -61 -3,075 -1,656 (5,654)
Other Insurance related costs (net) -37 -15 -7,066 -1,104 (8,222)
Underwriting Results (265) 886 5,192 32,854 8,367 (9,709) 37,325

Other income 1,816
Expenses (193,769)
admin expenses -193,769
Profit from operations (49,043)

Interest expense -50,075
Profit before taxation (99,118)
Tax -81,828
Profit After taxation (180,946)
135

2020
Motor
Fire Marine Health Miscellaneous SRCC Total Reinsurance
GWP 9,420 18,684 260,600 5,516,870 157,793 6,088,496 12,051,863 3,235,474
- SRCC & TC Premium -
- Reinsurance (9,586) (6,683) (100,121) (116,390) (985,500)
NWP (1-(2+3+4)) (166) 18,684 - 253,917 5,516,870 157,793 5,988,375 11,935,473 2,249,974
Change in UEP 62,708 389,271 171,513 623,492 1,039,237
NEP (5+5) (166) 18,684 - 316,625 5,516,870 547,064 6,159,888 12,558,965 3,289,211
-
Benefits/losses (104) (20,772) - (235,633) (4,968,164) 492,370 (864,305) (5,596,608) (2,238,015)
(104) (20,772) (235,519) (4,968,164) 495,885 14,382 (4,714,292) (1,505,471)
Exp(net)
Underwriting and Net Acquisition Costs (114) (3,515) (996,995) (1,000,624) (732,544)
Other Insurance related costs (net) 118,308 118,308
Underwriting Results (270) (2,088) - 80,992 548,706 1,039,434 5,295,583 6,962,357 1,051,196
-
Other Revenue 1,147,104 211,344
Other income 5,890 40,325
Expenses (370,756) (32,016)

(370,756) (32,016)
admin expenses
Profit from operations 7,738,705 1,230,524
Profit before taxation 7,721,134 1,230,524
Tax (1,339,827)
Profit After taxation 6,381,307 1,230,524
136
Orient (All figures in Rs. '000)

2020
Motor
GWP 155,264 15,229 1,377,872 95,074 97,701 1,741,140
- SRCC & TC Premium -69,656 -30,945 -12,386 (112,987)
- Reinsurance -70,578 -10,909 -28,655 -49,806 (159,948)
NWP (1-(2+3+4)) 15,030 4,320 - 1,318,272 95,074 35,509 1,468,205
Change in UEP -6,392 372 -100,361 -6,252 -427 (113,060)
NEP (5+6) 8,638 4,692 - 1,217,911 88,822 35,082 1,355,145
-
Benefits/losses 14,634 2,828 - (774,617) (78,435) (14,501) (850,091)
(704,409)
Exp(net) -2,520 -603 -616,487 -74,774 -10,025
Underwriting and Net Acquisition Costs 17,154 3,431 -158,130 -3,661 -4,476 (145,682)
Underwriting Results 23,272 7,520 - 443,294 10,387 20,581 505,054
-
Other income
Expenses (496,652)
admin expenses -496,652
Interest expense
Tax -56,847
137
People's (All figures in Rs. '000)

2020
Motor
GWP 517,712 49,664 204,643 4,819,376 159,001 282,538 6,032,934
- Coinsurance outward (13,309) (7,932) (125) (21,366)
- SRCC & TC Premium (202,525) (367) (111,075) (10,843) (324,810)
- Reinsurance (167,040) (30,456) (44,924) (107,687) (350,107)
NWP (1-(2+3+4)) 134,838 10,909 204,643 4,663,377 159,001 163,883 5,336,651
Change in UEP (7,438) (2,605) 1,628 32,970 (57,813) (33,258)
NEP (5+6) 127,400 8,304 206,271 4,696,347 159,001 106,070 5,303,393
-
Benefits/losses (40,846) 1,667 (122,183) (2,816,446) (156,118) (125,158) (3,259,084)
(69,463) (1,267) (98,102) (2,251,868) (156,118) (122,735) (2,699,553)
Exp(net)
Underwriting and Net Acquisition Costs 28,617 2,934 (24,081) (564,578) (2,423) (559,531)
Underwriting Results 86,554 9,971 84,088 1,879,901 2,883 (19,088) 2,044,309

Other income 20,295
(1,216,196)
admin expenses

Tax (472,207)
138
Sanasa (All figures in Rs. '000)

2020
Motor
GWP 14,009 23,546 716,321 25,769 91,443 871,088
- SRCC & TC Premium (6,006) (10,946) (7,019) (23,971)
- Reinsurance (3,214) (17,085) (35,418) (55,717)
NWP (1-(2+3+4)) 4,789 - 23,546 688,290 25,769 49,006 791,400
Change in UEP (718) 490 87,658 (20,310) 67,120
NEP (5+6) 4,071 - 24,036 775,948 25,769 28,696 858,520
-
Benefits/losses (983) - (755) (304,845) (9,497) (78,010) (394,090)
(1,697) (755) (245,169) (9,497) (55,447) (312,565)
Exp(net)
Underwriting and Net Acquisition Costs 714 (59,676) (22,563) (81,525)
Underwriting Results 3,088 - 23,281 471,103 16,272 (49,314) 464,430

Other income 10,828
Expenses (504,697)
(504,697)
admin expenses

Tax (44,492)
139
SLIC (All figures in Rs. '000)

2020
Motor
GWP 1,930,600 422,332 981,675 10,823,836 4,584,377 1,420,476 20,163,296
- SRCC & TC Premium (513,026) (5,036) (218,518) (55,821) (792,401)
- Reinsurance (1,198,730) (310,840) (4,867) (107,736) (719,155) (2,341,328)
NWP (1-(2+3+4)) 218,844 106,456 976,808 10,497,582 4,584,377 645,500 17,029,567
Change in UEP (82,505) 1,934 21,471 527,318 (2,341,145) 205,394 (1,667,533)
NEP (5+6) 136,339 108,390 998,279 11,024,900 2,243,232 850,894 15,362,034
-
Benefits/losses (476,113) (152,642) (1,333,034) (7,841,352) (2,672,688) (1,016,664) (13,492,493)
(90,062) (44,845) (627,725) (4,504,938) (1,946,352) (572,298) (7,786,220)
Exp(net)
Underwriting and Net Acquisition Costs 175,090 16,078 (38,063) (887,676) (103,941) (26,317) (864,829)
Underwriting Results (339,774) (44,252) (334,755) 3,183,548 (429,456) (165,770) 1,869,544

Expenses (206,437)
(206,437)
admin expenses

Interest expense
Tax (1,179,070)
140
19. Company - wise Analysis of Total Available Capital (TAC) as at 31st December 2020 & 2021 - Long Term Insurance Business

As at 31st
December 2020 As at 31st December 2021 (b)
Insurer (a)
Total Available Total Available
Tier 1 Tier II Deductions
Capital Capital
AIA Life 27,361,515 22,025,225 6,309,264 3,769,377 24,565,113
Allianz Life 2,028,498 2,112,045 621,341 1,490,704
Amana Life 535,106 475,497 104,949 45,098 535,349
Arpico 1,908,450 2,480,289 259,038 2,221,252
Ceylinco Life 72,111,874 79,829,489 3,890,031 12,054,899 71,664,622
Cooplife 1,473,028 1,550,295 148,393 201,065 1,497,623
HNB Life 8,966,667 13,314,033 381,156 2,555,492 11,139,698
Janashakthi Life 10,132,233 12,404,959 1,795,829 1,343,002 12,857,786
LIC 485,940 507,282 111,899 55,283 563,897
LOLC Life 2,326,985 3,460,221 256,134 251,627 3,464,728
MBSL 556,357 523,814 8,423 515,391
Sanasa Life 747,344 1,388,894 568,832 820,062
SLIC 79,654,571 112,671,772 169,909 6,533,102 106,308,579
Softlogic Life 19,940,660 24,830,945 3,938,987 1,688,121 27,081,811
Union Life 21,795,969 21,675,981 5,654,162 5,747,779 21,582,364
Total 250,025,197 299,250,742 22,760,714 35,702,477 286,308,979
Note: Figures recorded for 2021 were obtained from the Annual Returns submitted for the IRCSL for year ended 31st December 2021.
141
20. Company - wise Analysis of Risk Capital Required (RCR) as at 31st December 2020 & 2021 - Long Term Insurance Business
As at 31st December 2020 (a) (Rs.'000)

Total Risk Total Risk
Insurer Concentration Capital Charge Capital Charge
Credit Risk Market Risk Reinsurance Risk Liability Rsik Operational Risk
Risk (RCR) before (RCR) after
diversification diversification
AIA Life 405,929 837,779 3,083,121 3,484,467 717,372 8,528,668 5,601,570
Allianz Life 3,780 4,965 38,894 1,357 201,431 63,885 314,311 216,924
Amana Life 20,623 145,518 93,121 692 - 30,819 290,774 261,775
Arpico 43,003 24,935 268,971 48 309,600 40,799 687,356 459,409
Ceylinco Life 1,788,403 936,699 13,906,140 6,752 3,771,492 1,579,705 21,989,191 17,133,081
Cooplife 84,122 11,727 300,427 1,936 432,752 34,918 865,882 589,123
HNB Life 453,841 300,384 1,697,310 806 980,410 258,531 3,691,283 2,653,681
Janashakthi Life 460,431 250,364 2,479,801 2,220 922,572 234,465 4,349,854 3,331,694
LIC 40,735 65,364 206,213 43 126,036 35,598 473,991 338,702
LOLC Life 33,484 72,585 1,068,704 6,006 428,801 76,140 1,685,720 1,258,533
MBSL 8,245 25,398 38,938 22 20,022 10,646 103,271 76,062
Sanasa Life 26,138 181,540 157,429 17 95,106 22,215 482,445 377,961
SLIC 1,722,707 2,410,946 12,072,062 6,011,473 1,721,707 23,938,896 17,370,300
Softlogic Life 305,146 920,645 3,508,957 2,067 4,599,898 321,649 9,658,363 6,610,593
Union Life 550,837 982,231 4,614,727 184 1,633,884 668,703 8,450,567 6,396,436
Total 5,947,425 7,171,081 43,534,817 22,150 23,017,944 5,817,151 85,510,570 62,675,845
As at 31st December 2021 (b) (Rs.'000)

Insurer Concentration Capital Charge Capital Charge
Credit Risk Market Risk Reinsurance Risk Liability Rsik Operational Risk
Risk (RCR) before (RCR) after
AIA Life 403,735 510,328 2,744,866 2,500,256 722,278 6,881,463 4,490,070
Allianz Life 3,969 6,945 287,262 1,380 223,094 64,203 586,853 378,981
Amana Life 20,272 142,869 107,436 416 34,414 33,257 338,665 275,187
Arpico 57,884 20,376 190,809 67 391,312 42,480 702,929 476,828
Ceylinco Life 2,023,077 811,405 14,630,734 6,683 4,176,320 1,738,317 23,386,536 18,048,010
Cooplife 108,421 15,266 303,239 2,158 272,764 36,080 737,928 509,721
HNB Life 473,139 227,543 3,230,051 0 808,262 287,928 5,026,923 4,023,289
Janashakthi Life 480,563 267,471 2,352,740 2,290 1,125,374 250,797 4,479,235 3,310,343
LIC 40,357 25,025 228,100 36 93,368 34,651 421,536 309,953
LOLC Life 77,563 123,120 439,121 560 318,412 95,129 1,053,905 721,459
MBSL 11,376 2,415 41,166 119 17,159 9,930 82,165 58,536
Sanasa Life 38,331 167,799 253,871 83,280 25,756 569,036 468,187
SLIC 1,772,087 2,510,518 16,403,680 6,233,425 1,851,946 28,771,656 21,684,273
Softlogic Life 493,551 991,029 2,242,839 848 5,735,787 375,911 9,839,964 6,851,316
Union Life 618,464 516,349 8,174,153 140 1,586,154 689,689 11,584,949 9,468,422
Total 6,622,788 6,338,460 51,630,068 14,697 23,599,379 6,258,352 94,463,744 71,074,573
142
21. Company - wise Analysis of Total Available Capital (TAC) as at 31st December 2021 & 2021 - General Insurance Business
TAC (All Figures in Rs. '000)

as at 31st As at 31st December 2021 (b)
Insurer December 2020
Tier 1 Tier II Deductions TAC
(a)
Allianz Gen. 8,426,064 12,218,928 2,641,672 9,577,256
Amana Gen. 525,369 1,448,646 439,596 1,210,612 677,630
Ceylinco Gen. 7,472,104 12,722,935 468,226 5,398,959 7,792,202
Continental 2,629,220 3,354,351 625,152 2,729,199
Cooperative Gen. 2,550,823 4,013,499 734,928 1,143,638 3,604,789
Fairfirst 5,055,284 6,849,598 1,605,435 5,244,163
HNB Gen. 1,840,729 2,189,999 286,549 1,903,450
Janashakthi Gen.
LOLC Gen. 2,946,390 3,956,370 406,975 3,549,395
MBSL 422,154 431,171 4,192 117,817 317,546
Orient 941,383 1,120,556 55,027 1,065,529
People’s 4,162,922 4,944,181 472,718 4,471,464
Sanasa Gen. 628,444 730,759 110,396 620,363
SLIC 27,440,331 45,897,050 9,422,000 21,911,770 33,407,280
Total 65,041,217 99,878,043 11,068,942 35,986,720 74,960,266
Note: Figures recorded for 2021 were obtained from the Annual Returns submitted to the IRCSL for year ended 31st December 2021
143
22. Company - wise Analysis of Risk Capital Required (RCR) as at 31st December 2020 & 2021 - General Insurance Business
As at 31st December 2020 (a) (Rs.'000)

Insurer Concentration Reinsurance Operational Capital Charge Capital Charge
Credit Risk Market Risk Liability Rsik
Risk Risk Risk (RCR) before (RCR) after
Allianz Gen. 102,501 2,665,343 502,633 32,584 2,202,872 259,886 5,765,820 3,978,744
Amana Gen. 20,821 155,490 14,344 8,341 144,798 26,585 370,379 247,534
Ceylinco Gen. 262,027 2,240,028 943,650 221,688 1,770,939 275,549 5,713,881 4,081,902
Continental 98,013 317,117 314,862 24,340 494,275 70,767 1,319,374 904,617
Cooperative Gen. 156,866 173,732 493,406 14,530 583,482 73,693 1,495,709 1,024,217
Fairfirst 52,320 1,253,312 833,750 348,916 1,016,716 149,395 3,654,409 2,692,148
HNB Gen. 78,508 224,018 168,735 24,755 521,326 61,308 1,078,650 722,199
LOLC Gen. 27,268 229,491 393,645 38,397 689,523 82,542 1,460,866 978,112
MBSL 10,548 53,429 13,849 6,112 105,870 14,198 204,006 135,852
Orient 26,681 238,859 2,319 4,153 213,025 23,620 508,657 346,306
People’s 192,721 523,220 327,517 19,335 857,117 100,517 2,020,428 1,369,045
Sanasa Gen. 12,223 141,767 79,877 1,647 73,370 12,598 321,482 247,000
SLIC 162,613 4,994,508 6,552,587 77,164 3,460,241 758,831 16,005,944 12,307,698
Total 1,203,110 13,210,314 10,641,174 821,962 12,133,554 1,909,489 39,919,605 29,035,374
As at 31st December 2021 (b) (Rs.'000)

Insurer Concentration Reinsurance Operational Capital Charge Capital Charge
Credit Risk Market Risk Liability Rsik
Risk Risk Risk (RCR) before (RCR) after
Allianz Gen. 80,925 2,104,555 706,492 49,792 1,761,594 260,576 4,963,934 3,438,763
Amana Gen. 26,175 243,938 38,540 9,347 185,514 31,665 535,179 369,517
Ceylinco Gen. 274,996 1,829,593 1,000,586 294,496 1,926,146 290,700 5,616,517 3,918,202
Continental 109,191 209,470 392,901 28,551 434,697 76,815 1,251,625 861,759
Cooperative Gen. 173,171 112,193 690,495 15,763 551,718 88,652 1,631,992 1,138,230
Fairfirst 62,557 984,517 815,478 361,452 1,154,715 156,293 3,535,012 2,510,774
HNB Gen. 84,074 173,859 191,437 29,482 549,587 67,056 1,095,495 732,013
LOLC Gen. 78,137 634,157 956,236 28,739 903,945 105,059 2,706,273 1,925,844
MBSL 7,119 99,289 6,530 4,373 104,223 13,728 235,262 157,521
Orient 36,069 221,051 40,114 6,560 242,247 28,005 574,046 389,562
People’s 155,016 587,246 380,411 30,565 844,042 103,158 2,100,438 1,432,832
Sanasa Gen. 13,490 106,951 96,935 2,466 71,094 12,641 303,577 231,398
SLIC 173,616 5,793,956 7,316,338 117,270 3,591,404 826,414 17,818,998 13,898,660
Total 1,274,536 13,100,775 12,632,493 978,856 12,320,926 2,060,762 42,368,348 31,005,075
Note: Figures recorded for 2021 were obtained from the Annual Returns submitted to the IRCSL for year ended 31st December 2021
144
23. Company - wise Analysis of Solvency Position as at 31st December 2020 & 2021 - Long Term Insurance Business
As at 31st December 2020 (a) As at 31st December 2021 (b)

Insurer TAC RCR (Rs. SVCC TAC RCR (Rs. SVCC
CAR (%) CAR (%)
(Rs. '000) '000) (Rs. '000) (Rs. '000) '000) (Rs. '000)
AIA Life 27,361,515 5,601,570 488% 24,565,113 4,490,070 547%
Allianz Life 2,028,498 216,924 286,007 709% 1,490,704 378,981 23,701 393%
Amana Life 535,106 261,775 204% 535,349 275,187 195%
Arpico 1,908,450 459,409 97,174.00 415% 2,221,252 476,828 511,232 434%
Ceylinco Life 72,111,874 17,133,081 3,930 421% 71,664,622 18,048,010 3,238 397%
Cooplife 1,473,028 589,124 250% 1,497,623 509,721 294%
HNB Life 8,966,667 2,653,681 338% 11,139,698 4,023,288 694,632 277%
Janashakthi Life 10,132,233 3,331,694 304% 12,857,786 3,310,343 804,347 388%
LIC 485,940 338,702 143% 563,897 309,953 182%
LOLC Life 2,326,985 1,258,533 185% 3,464,728 721,459 480%
MBSL 556,357 76,062 731% 515,391 58,536 880%
Sanasa Life 747,344 377,961 198% 820,062 468,187 175%
SLIC 79,654,571 17,370,300 459% 106,308,579 21,684,273 490%
Softlogic Life 19,940,660 6,610,593 2,203,854 302% 27,081,811 6,851,316 4,935,500 395%
Union Life 21,795,969 6,396,436 20,586.81 341% 21,582,364 9,468,422 932,135 228%
Total/Overall 250,025,198 62,675,846 2,611,551 366% 286,308,978 71,074,573 7,904,786 384%
145
24. Company - wise Analysis of Solvency Position as at 31st December 2020 & 2021- General Insurance Business
As at 31st December 2020 (a) As at 31st December 2021 (b)

Insurer
TAC (Rs. '000) RCR (Rs. '000) CAR (%) TAC (Rs. '000) RCR (Rs. '000) CAR (%)
Allianz Gen. 8,426,064 3,978,744 212% 9,577,256 3,438,763 279%
Amana Gen. 525,369 279,610 188% 677,630 369,517 183%
Ceylinco Gen. 7,472,104 4,081,902 183% 7,792,202 3,918,202 199%
Continental 2,629,220 904,617 291% 2,729,200 861,759 317%
Cooperative Gen. 2,550,823 1,024,217 249% 3,604,790 1,138,230 317%
Fairfirst 5,055,284 2,692,148 188% 5,244,163 2,510,774 209%
HNB Gen. 1,840,729 722,199 255% 1,903,450 732,013 260%
LOLC Gen. 2,946,390 978,112 301% 3,549,395 1,925,844 184%
MBSL 422,154 135,852 311% 317,546 157,521 202%
Orient 941,383 346,306 272% 1,065,529 389,562 274%
People’s 4,162,922 1,369,045 304% 4,471,464 1,432,832 312%
Sanasa Gen. 628,444 247,000 254% 620,364 231,398 268%
SLIC 27,440,331 12,307,698 223% 33,407,280 13,898,660 240%
Total/Overall 65,041,217 29,067,450 249% 74,960,269 31,005,075 250%
Note: Figures recorded were obtained from the Annual Returns submitted to the IRCSL for year ended 31st December 2021
146
25. Class - wise, Company wise Analysis of Gross Written Premium from 2017 to 2021 - General Insurance Business
Class - wise Analysis of Gross Written Premium of General Insurance Business - 2021
Insurer Fire Marine Motor Health Miscellaneous SRCC Total
Allianz Gen. 1,930,969 391,022 7,963,927 1,575,709 628,506 12,490,133
Amana Gen. 134,064 261,248 1,196,472 408,510 172,779 2,173,073
Ceylinco Gen. 2,120,817 757,965 10,044,492 2,076,839 3,498,638 18,498,751
Continental 916,660 111,082 2,689,121 853,020 319,047 4,888,930
Cooperative Gen. 129,269 46,866 3,658,583 169,822 370,052 4,374,592
Fairfirst 1,694,702 632,869 6,002,165 2,997,014 587,314 11,914,064
HNB Gen. 432,345 80,880 3,761,448 584,277 307,862 5,166,812
LOLC Gen. 743,766 47,505 5,603,023 168,357 6,562,651
MBSL 11,830 1,002 327,773 9,100 63,365 413,070
NITF 6,567 1,597 175,572 6,322,002 105,476 6,754,134 13,365,348
Orient 150,616 17,846 1,622,768 134,939 101,716 2,027,885
People’s 283,004 117,960 4,646,101 156,917 430,604 5,634,586
Sanasa Gen. 9,557 598,661 16,522 243,566 868,306
SLIC 1,760,687 606,270 11,443,853 4,655,476 1,915,902 20,382,188
Total 10,324,853 3,074,112 59,733,959 19,960,147 8,913,184 6,754,134 108,760,389
147
Allianz Gen. 2,127,864 409,268 8,823,232 1,732,397 760,068 13,852,829
Amana Gen. 103,133 126,199 989,159 248,746 164,428 1,631,665
Ceylinco Gen. 1,787,601 572,539 10,854,678 2,019,630 3,446,097 18,680,545
Continental 841,295 89,276 3,027,496 628,397 222,500 4,808,964
Cooperative Gen. 112,481 24,882 3,771,674 107,082 258,277 4,274,396
Fairfirst 1,231,791 486,822 6,245,582 3,279,880 693,407 11,937,482
HNB Gen. 369,036 54,680 3,491,353 472,065 196,101 4,583,235
LOLC Gen. 488,696 19,482 4,980,872 123,844 5,612,894
MBSL 3,878 752 255,779 8,297 29,289 297,995
NITF 9,420 18,684 260,600 5,516,870 157,793 6,088,496 12,051,863
Orient 85,608 15,229 1,346,927 95,074 85,315 1,628,153
People’s 301,878 41,365 4,912,944 159,001 271,570 5,686,758
Sanasa Gen. 8,003 728,921 25,769 84,424 847,117
SLIC 1,417,574 417,296 11,586,993 4,584,377 1,364,655 19,370,895
Total 8,888,258 2,276,474 61,276,210 18,877,585 7,857,768 6,088,496 105,264,791
148

Allianz Gen. 2,315,498 453,996 10,250,178 3,853,022 1,222,565 18,095,259
Amana Gen. 129,329 119,128 969,120 217,279 186,605 1,621,461
Ceylinco Gen. 1,638,711 643,140 11,075,512 1,747,370 3,296,672 18,401,405
Continental 844,040 69,248 3,409,852 459,805 219,603 5,002,548
Cooperative Gen. 105,402 13,539 3,715,803 41,849 316,367 4,192,960
Fairfirst 1,164,021 463,348 6,037,369 2,830,214 752,718 11,247,670
HNB Gen. 378,781 57,553 3,540,374 188,338 229,411 4,394,457
LOLC Gen. 311,696 14,433 4,490,746 138,022 4,954,897
MBSL 3,290 405 78,223 2,622 11,438 95,979
NITF 2,554 27,306 390,150 4,964,266 1,666,576 6,307,350 13,358,202
Orient 71,121 17,188 1,313,241 68,068 95,285 1,564,903
People’s 268,824 18,583 5,026,352 121,540 258,865 5,694,164
Sanasa Gen. 8,478 723,040 27,036 139,525 898,079
SLIC 1,028,246 487,700 12,665,597 2,072,252 1,908,971 18,162,766
Total 8,269,991 2,385,567 63,685,557 16,593,661 10,442,624 6,307,350 107,684,750
149
Marine Motor Total
Insurer Fire Health Miscellaneous SRCC
Allianz Gen. 2,460,829 480,335 10,829,708 2,673,303 1,539,574 17,983,749
Amana Gen. 97,862 143,921 1,095,289 303,875 200,120 1,841,067
Ceylinco Gen. 2,286,556 625,597 11,184,832 1,606,238 2,434,710 18,137,933
Continental 574,231 85,994 3,253,136 455,575 176,469 4,545,405
Cooperative Gen. 94,018 7,704 3,226,473 27,221 336,981 3,692,397
Fairfirst 995,555 445,281 6,016,592 2,870,132 653,290 10,980,850
HNB Gen. 368,226 70,452 3,280,875 172,101 170,517 4,062,171
LOLC Gen. 265,615 14,254 3,954,249 84,603 4,318,721
MBSL (121) (331) (60) (512)
NITF 11,903 3,468 422,117 4,069,119 556,653 4,581,641 9,644,901
Orient 63,171 23,468 1,141,152 44,166 104,441 1,376,398
People’s 303,844 9,265 4,659,619 124,051 257,589 5,354,368
Sanasa 9,637 609,720 12,666 100,356 732,379
SLIC 1,290,329 493,628 12,690,044 1,803,095 1,639,178 17,916,274
Total 8,821,655 2,403,366 62,363,475 14,161,542 8,254,421 4,581,641 100,586,101
150
Marine Motor Total
Insurer Fire Health Miscellaneous SRCC
Allianz Gen. 1,586,347 149,254 2,354,912 1,248,629 617,000 5,956,142
Amana Gen. 103,074 125,807 923,461 255,280 278,649 1,686,270
Ceylinco Gen. 2,102,140 595,424 10,842,893 1,345,121 2,126,509 17,012,087
Continental 544,313 76,901 2,772,752 328,349 170,464 3,892,780
Cooperative Gen. 89,155 (1,544) 2,630,849 21,271 226,947 2,966,679
Fairfirst 912,590 392,049 5,175,433 2,511,035 619,883 9,610,990
HNB Gen. 381,140 46,377 2,795,592 184,641 254,258 3,662,008
Janashakthi Gen. 1,058,684 331,572 7,897,359 1,593,644 858,926 11,740,185
LOLC Gen. 347,049 12,252 3,346,663 89,142 3,795,106
MBSL 18,434 2,421 187,176 38,154 14,622 260,806
NITF 9,708 507 417,886 2,980,445 669,583 4,036,283 8,114,412
Orient 76,180 24,877 971,213 24,553 82,176 1,179,000
People’s 246,066 16,321 3,940,564 120,750 263,732 4,587,432
Sanasa 15,345 416,281 137,884 569,509
SLIC 1,107,264 419,436 11,374,606 3,997,569 1,456,486 18,355,361
Total 8,597,489 2,191,654 56,047,640 14,649,440 7,866,260 4,036,283 93,388,766
Cont..
151
26. Net Earned Premium, Net Claims Incurred, Net Claims Ratio, Net Expense Ratio and Net Combined Ratio of
General Insurance Business - 2017 to 2021
Net Earned Premium (Rs. '000)

Class
2017 2018 2019 2020 (a) 2021 (b)
Fire 1,721,159 1,957,237 2,183,650 2,320,976 2,144,141
Marine 991,573 1,104,376 1,175,289 973,261 1,135,974
Motor 50,580,010 56,891,349 58,724,480 57,930,115 56,001,558
Health 11,435,476 12,386,134 15,153,049 14,995,566 18,077,560
Miscellaneous 3,891,564 4,492,033 4,942,850 4,109,992 3,307,351
Sub Total 68,619,782 76,831,128 82,179,319 80,329,910 80,666,584
SRCC & T 3,734,321 4,031,846 5,568,739 6,159,888 6,314,379
Total 72,354,103 80,862,975 87,748,058 86,489,798 86,980,963
Net Claims Incurred (Rs. '000)

Class
2017 2018 2019 2020 (a) 2021 (b)
Fire 1,640,062 1,696,698 2,546,301 2,039,484 2,431,448
Marine 345,331 453,917 500,555 277,372 519,210
Motor 31,134,209 34,681,762 34,501,309 26,891,271 26,587,890
Health 10,511,212 12,148,224 16,759,694 12,099,917 17,267,200
Miscellaneous 4,186,860 3,457,623 3,148,570 1,225,842 1,510,957
Sub Total 47,817,674 52,438,224 57,456,428 42,533,886 48,316,705
SRCC & T (10,519) 76,068 692,927 (14,382) 36,899
Total 47,807,154 52,514,292 58,149,354 42,519,504 48,353,604
Net Claims Ratio (%)

Class
2017 2018 2019 2020 (a) 2021 (b)
Fire 95.29 86.69 116.61 87.87 113.4
Marine 34.83 41.10 42.59 28.5 45.71
Motor 61.55 60.96 58.75 46.42 47.48
Health 91.92 98.08 110.60 80.69 95.52
Miscellaneous 107.59 76.97 63.70 29.83 45.68
Sub Total 69.68 68.25 69.92 52.95 59.90
SRCC & T (0.28) 1.89 12.44 -0.23 0.58
Total 66.07 64.94 66.27 49.16 55.59
Net Expenses (Rs. '000)

Description
2017 2018 2019 2020 (a) 2021 (b)
Net Expenses for all classes of
General Insurance Business 24,491,746 29,490,544 31,855,625 32,858,828 33,327,292
except SRCC & T
SRCC & T 732,786 842,515 1,411,974 1,102,435 1,091,603
Total 25,224,532 30,333,059 33,267,599 33,961,263 34,418,895
Net Expense Ratio (%)

Description
2017 2018 2019 2020 (a) 2021 (b)
Net Expenses Ratio for all classes
of General Insurance Business 35.69 38.38 38.76 40.9 41.31
except SRCC & T
Net Expense Ratio of General
34.86 37.51 37.91 39.27 39.57
Insurance Business
Net Combined Ratio (%)

Description
2017 2018 2019 2020 (a) 2021 (b)
Net Combined Ratio for all
classes of General Insurance 105.38 106.63 108.68 93.85 101.21
Business except SRCC & T
Net Combined Ratio of General
100.94 102.45 104.18 88.43 95.16
Insurance Business
152
27. Class - wise Analysis of Earned Premium of General Insurance Business -2017 to 2021
Class - wise Analysis of Earned Premium of General Insurance Business - 2021
Insurer Fire Marine Motor Health Miscellaneous Total

Allianz Gen. 872,356 337,305 8,425,647 1,234,101 471,750 11,341,159
Amana Gen. -6,667 107,155 1,059,034 359,665 81,350 1,600,537
Ceylinco Gen. 158,201 363,285 9,521,229 1,941,894 1,268,913 13,253,522
Continental 224,645 11,902 2,806,838 756,496 16,750 3,816,631
Cooperative Gen. 35,391 11,962 3,380,745 128,672 203,364 3,760,134
Fairfirst 272,028 95,490 3,933,533 1,807,004 165,820 6,273,875
HNB Gen. 20,420 5,089 3,523,810 523,683 40,001 4,113,003
LOLC Gen. 238,947 17,729 4,944,211 96,465 5,297,352
MBSL 1,303 237 261,603 10,669 5,074 278,886
NITF 6,567 1,597 203,153 6,322,002 17,957 6,551,276
Orient 20,312 3,971 1,422,534 124,173 30,318 1,601,308
People’s 88,944 22,480 4,706,170 156,917 146,116 5,120,627
Sanasa Gen. 5,347 576,433 12,365 163,540 757,685
SLIC 206,348 157,772 11,236,618 4,699,920 599,933 16,900,591
Sub Total 2,144,142 1,135,974 56,001,558 18,077,561 3,307,351 80,666,586
SRCC & T 6,314,379
Total 2,144,142 1,135,974 56,001,558 18,077,561 3,307,351 86,980,965
153
Allianz Gen. 1,213,334 343,296 9,589,136 2,039,835 658,863 13,844,464

Amana Gen. 10,909 47,429 967,712 205,767 113,885 1,345,702
Ceylinco Gen. 271,265 290,843 9,932,079 1,755,289 1,306,018 13,555,494
Continental 237,659 9,999 3,142,063 527,536 25,386 3,942,643
Cooperative Gen. 20,264 6,014 3,375,370 75,465 156,665 3,633,778
Fairfirst 205,799 125,182 3,757,096 2,027,391 205,575 6,321,043
HNB Gen. 16,851 1,955 3,418,772 322,222 30,856 3,790,656
LOLC Gen. 68,045 8,224 4,331,573 39,765 4,447,607
MBSL 567 250 155,996 8,367 5,174 170,354
NITF -166 18,684 316,625 5,516,870 547,064 6,399,077
Orient 8,639 4,691 1,217,911 88,822 35,082 1,355,145
People’s 127,399 8,304 4,902,618 159,001 106,070 5,303,392
Sanasa Gen. 4,071 799,985 25,769 28,696 858,521
SLIC 136,340 108,390 12,023,179 2,243,232 850,893 15,362,034
Sub Total 2,320,976 973,261 57,930,115 14,995,566 4,109,992 80,329,910
SRCC & T 6,159,888
Total 2,320,976 973,261 57,930,115 14,995,566 4,109,992 86,489,798
154

Allianz Gen. 894,975 401,212 10,541,709 4,357,960 1,118,546 17,314,401
Amana Gen. 27,803 58,973 1,004,166 246,530 139,584 1,477,056
Ceylinco Gen. 434,565 340,993 10,556,560 1,501,695 1,552,602 14,386,415
Continental 241,550 14,054 3,294,276 230,138 64,726 3,844,745
Cooperative Gen. 31,569 3,833 3,135,768 41,090 214,337 3,426,597
Fairfirst 181,967 174,215 3,408,458 1,593,028 311,672 5,669,340
HNB Gen. 42,273 5,516 3,327,241 173,551 41,981 3,590,563
LOLC Gen. 52,536 8,980 3,815,930 42,830 3,920,276
MBSL (115) (91) 6,286 (19) 5,400 11,460
NITF 2,554 27,306 383,485 4,964,266 414,777 5,792,389
Orient 12,102 6,065 1,207,274 55,079 73,395 1,353,915
People’s 147,441 2,854 4,813,706 121,540 176,195 5,261,736
Sanasa Gen. 5,075 737,460 11,626 67,261 821,423
SLIC 109,355 131,378 12,492,162 1,856,565 719,543 15,309,003
Sub Total 2,183,650 1,175,289 58,724,480 15,153,049 4,942,850 82,179,319
SRCC & T 5,568,739
Total 2,183,650 1,175,289 58,724,480 15,153,049 4,942,850 87,748,058
155

Allianz Gen. 720,425 343,878 10,525,086 2,699,222 1,046,982 15,335,593
Amana Gen. 37,881 67,192 1,017,622 286,226 132,264 1,541,184
Ceylinco Gen. 490,891 343,760 10,652,712 1,371,229 1,333,946 14,192,538
Continental 143,350 14,928 2,955,101 66,472 66,292 3,246,143
Cooperative Gen. 17,101 1,249 2,671,298 25,838 128,953 2,844,440
Fairfirst 107,035 160,581 4,588,146 1,559,182 542,853 6,957,798
HNB Gen. 46,776 8,648 3,000,044 187,886 36,594 3,279,948
LOLC Gen. 44,127 8,581 3,377,376 39,069 3,469,152
MBSL (862) 12 19,072 63 18,285
NITF 11,903 3,468 383,319 4,069,119 (94,717) 4,373,092
Orient 5,651 7,979 1,067,725 39,591 66,306 1,187,252
People’s 153,432 2,292 4,232,049 95,856 225,858 4,709,487
Sanasa 7,358 497,362 10,880 69,268 584,868
SLIC 172,169 141,809 11,904,435 1,974,633 898,302 15,091,348
Sub Total 1,957,237 1,104,376 56,891,349 12,386,134 4,492,033 76,831,128
SRCC & T 4,031,846
Total 1,957,237 1,104,376 56,891,349 12,386,134 4,492,033 80,862,975
156

Allianz Gen. 203,080 93,193 1,996,616 602,572 518,355 3,413,816
Amana Gen. 30,274 45,834 911,560 179,093 117,369 1,284,131
Ceylinco Gen. 656,214 318,426 9,706,166 1,217,459 1,311,172 13,209,437
Continental 105,110 12,451 2,404,670 53,161 61,748 2,637,140
Cooperative Gen. 25,130 (2,801) 2,198,817 16,609 113,564 2,351,320
Fairfirst 308,129 182,882 4,743,030 2,968,128 211,636 8,413,805
HNB Gen. 14,816 6,569 2,451,171 168,802 24,847 2,666,205
Janashakthi Gen. 53,242 161,503 7,280,592 1,318,735 402,154 9,216,225
LOLC Gen. 39,300 6,439 2,768,466 31,563 2,845,768
MBSL 7,329 1,626 367,258 88,068 7,216 471,497
NITF 9,708 507 377,234 2,979,163 (228,467) 3,138,145
Orient 7,554 8,265 750,807 22,891 56,757 846,275
People’s 116,450 2,479 3,657,219 88,471 232,562 4,097,182
Sanasa 4,771 317,197 54,524 376,492
SLIC 140,052 154,199 10,649,206 1,732,325 976,563 13,652,345
Sub Total 1,721,159 991,573 50,580,010 11,435,476 3,891,564 68,619,783
SRCC & T 3,734,321
Total 1,721,159 991,573 50,580,010 11,435,476 3,891,564 72,354,104
157
28. Class - wise Analysis of Claims Incurred - General Insurance Business - 2017 to 2021
Class - wise Analysis of Claims Incurred - General Insurance Business - 2021

Allianz Gen. 997,880 203,649 3,514,364 850,150 -5,323 5,560,720

Amana Gen. 32,370 33,456 498,290 262,409 62,436 888,961
Ceylinco Gen. 673,930 125,820 4,121,503 1,590,350 551,938 7,063,541
Continental 18,443 -15 1,108,236 714,746 10,497 1,851,907
Cooperative Gen. 27,317 9,054 1,831,679 153,471 103,694 2,125,215
Fairfirst 79,409 48,826 2,286,394 1,401,810 66,912 3,883,351
HNB Gen. 29,124 3,759 1,928,709 599,085 18,077 2,578,754
LOLC Gen. 317,121 4,531 2,308,354 37,812 2,667,818
MBSL 469 29 149,615 18,732 168,845
Orient 5,883 2,012 751,597 103,703 2,700 865,895
People’s 33,945 20,579 2,635,054 213,438 91,302 2,994,318
Sanasa Gen. 5,430 229,151 5,034 29,679 269,294
SLIC 210,078 53,723 5,022,589 4,613,612 305,265 10,205,267
NITF 49 13,787 202,355 6,759,392 217,236 7,192,819
Sub Total 2,431,448 519,210 26,587,890 17,267,200 1,510,957 48,316,705
SRCC & T 36,899
Total 2,431,448 519,210 26,587,890 17,267,200 1,510,957 48,353,604
158
Allianz Gen. 1,282,938 66,907 4,238,735 1,511,607 248,836 7,349,023

Amana Gen. 21,897 17,353 472,014 180,920 46,691 738,875
Ceylinco Gen. 334,092 65,837 4,698,355 1,090,576 446,339 6,635,199
Continental -2,219 831 1,343,003 403,849 23,453 1,768,917
Cooperative Gen. 24,019 1,398 1,847,385 68,792 41,146 1,982,740
Fairfirst 121,093 54,707 2,175,098 1,421,621 103,187 3,875,706
HNB Gen. 26,365 1,942 1,744,471 267,647 24,077 2,064,502
LOLC Gen. 67,520 1,622 1,683,838 15,370 1,768,350
MBSL -67 -712 107,809 12,123 119,153
Orient 2,520 603 616,487 74,774 10,025 704,409
People’s 69,463 1,267 2,349,970 156,118 122,735 2,699,553
Sanasa Gen. 1,697 245,924 9,497 55,447 312,565
SLIC 90,062 44,845 5,132,663 1,946,352 572,298 7,786,220
NITF 104 20,772 235,519 4,968,164 -495,885 4,728,674
Sub Total 2,039,484 277,372 26,891,271 12,099,917 1,225,842 42,533,886
SRCC & T (14,382)
Total 2,039,484 277,372 26,891,271 12,099,917 1,225,842 42,519,504
159
Allianz Gen. 1,506,945 131,541 6,447,984 6,045,525 552,697 14,684,693

Amana Gen. 17,192 40,049 683,134 223,257 91,476 1,055,107
Ceylinco Gen. 635,621 114,897 5,736,214 1,242,378 524,484 8,253,594
Continental 53,589 3,330 1,955,184 210,365 14,726 2,237,195
Cooperative Gen. 15,758 700 2,130,241 25,249 210,046 2,381,993
Fairfirst 83,582 107,653 2,025,454 1,165,075 114,490 3,496,253
HNB Gen. 43,743 2,221 2,055,360 159,423 22,214 2,282,960
LOLC Gen. 49,506 (429) 2,045,207 41,291 2,135,574
MBSL 1,352 (6,647) 37,276 (542) 31,439
Orient 1,801 3,146 725,337 56,572 20,892 807,748
People’s 66,738 1,677 3,142,530 57,211 284,419 3,552,575
Sanasa Gen. 275 343,713 - 57,919 401,907
SLIC 65,828 90,403 6,862,997 1,904,534 366,670 9,290,432
NITF 4,370 12,015 310,679 5,670,106 847,788 6,844,958
Sub Total 2,546,301 500,555 34,501,309 16,759,694 3,148,570 57,456,428
SRCC & T 692,927
Total 2,546,301 500,555 34,501,309 16,759,694 3,148,570 58,149,354
160
Allianz Gen. 725,041 194,123 6,290,599 2,424,873 569,524 10,204,160

Amana Gen. 22,292 32,612 575,342 206,666 38,964 875,877
Ceylinco Gen. 563,632 96,167 5,530,800 933,039 399,623 7,523,261
Continental 7,077 (3,232) 1,903,509 59,332 25,985 1,992,671
Cooperative Gen. 6,446 2,998 1,781,213 136,210 1,926,867
Fairfirst 41,531 88,872 3,105,466 1,479,642 85,025 4,800,535
HNB Gen. 32,432 3,356 1,948,880 162,144 23,980 2,170,792
LOLC Gen. 60,366 9,365 1,988,504 22,904 2,081,139
MBSL 3,948 (1,441) 20,358 5,428 28,293
Orient 3,614 1,253 685,385 34,569 16,898 741,720
People’s 88,534 557 2,899,186 58,388 190,561 3,237,226
Sanasa 839 255,754 6,254 29,094 291,941
SLIC 138,251 29,288 7,383,426 2,005,181 472,241 10,028,386
NITF 2,696 313,336 4,778,137 1,441,187 6,535,355
Sub Total 1,696,698 453,917 34,681,762 12,148,224 3,457,623 52,438,224
SRCC & T 76,068
Total 1,696,698 453,917 34,681,762 12,148,224 3,457,623 52,514,292
161
Allianz Gen. 196,647 28,798 1,183,251 639,306 263,184 2,311,186

Amana Gen. 937 20,812 534,783 129,320 8,174 694,025
Ceylinco Gen. 1,059,195 77,943 4,862,898 850,530 520,863 7,371,429
Continental (7,494) 1,472 1,507,588 55,326 24,965 1,581,857
Cooperative Gen. (6,357) (1,898) 1,478,790 18,653 39,658 1,528,846
Fairfirst 66,659 70,498 3,357,310 2,304,681 116,589 5,915,738
HNB Gen. 31,201 1,388 1,526,394 154,512 5,354 1,718,848
Janashakthi Gen. 129,366 76,916 4,534,344 1,178,319 279,475 6,198,420
LOLC Gen. 23,427 3,740 1,616,257 17,334 1,660,759
MBSL 6,180 3,138 201,565 71,861 17,700 300,445
Orient 8,008 5,203 514,980 18,836 11,195 558,223
People’s 56,547 (461) 2,582,041 103,216 99,607 2,840,950
Sanasa 2,620 113,273 58,402 174,295
SLIC 68,145 57,782 6,854,282 1,792,650 354,151 9,127,011
NITF 4,980 266,452 3,194,003 2,370,208 5,835,643
Sub Total 1,640,062 345,331 31,134,209 10,511,212 4,186,860 47,817,674
SRCC & T (10,519)
Total 1,640,062 345,331 31,134,209 10,511,212 4,186,860 47,807,154
162
29. Company - wise Net Combined Ratio of General Insurance Business - 2017 to 2021
(All figures in % )
Insurer 2017 2018 2019 2020 (a) 2021 (b)
Allianz Gen. 104.80 109.27 125.96 100.13 99.43

Amana Gen. 104.91 111.27 129.59 104.96 106.82
Ceylinco Gen. 98.54 100.23 104.15 101.09 105.94
Continental 100.99 102.06 98.56 85.46 89.28
Cooperative Gen. 100.33 104.41 107.56 96.11 100.19
Fairfirst 100.25 103.97 104.21 101.67 100.79
HNB Gen. 105.96 105.40 103.79 97.27 104.19
Janashakthi Gen. 105.95
LOLC Gen. 106.22 109.17 95.86 80.72 90.73
MBSL 131.89 1203.49 1784.47 221.23 170.80
NITF 99.51 92.60 82.08 48.60 67.11
Orient 110.71 105.73 101.25 99.38 99.23
People’s 95.79 97.37 98.76 84.76 93.34
Sanasa Gen. 115.04 116.65 114.63 106.75 117.90
SLIC 97.17 98.49 96.70 89.17 99.30
Industry 100.94 102.45 104.18 88.43 95.16
163
30. Gross Written Premium, Reinsurance Premium and Retention by Insurers - General Insurance Bu
Gross Written Premium (Rs.'000)

Class
2017 2018 2019 2020 (a) 2021 (b)
Fire 8,597,489 8,821,655 8,269,991 8,888,258 10,324,853
Marine 2,191,654 2,403,366 2,385,566 2,276,474 3,074,111
Motor 56,047,640 62,363,476 63,685,555 61,276,210 59,733,959
Health 14,649,440 14,161,542 16,593,661 18,877,585 19,960,147
Miscellaneous 7,866,260 8,254,421 10,442,624 7,857,768 8,913,184
Sub Total 89,352,484 96,004,460 101,377,397 99,176,295 102,006,254
SRCC & T 4,036,283 4,581,641 6,307,350 6,088,496 6,754,134
Total 93,388,766 100,586,101 107,684,747 105,264,791 108,760,388
Reinsurance Premium (Rs.'000)

Class
2017 2018 2019 (a) 2020 (b) 2021 (b)
Fire 6,947,675 6,103,609 6,061,855 6,609,886 7,997,992
Marine 1,177,400 1,200,069 1,224,829 1,352,679 1,885,798
Motor 2,152,508 4,296,451 4,229,915 4,356,260 3,625,979
Health 2,682,617 1,771,091 1,480,482 1,645,816 1,662,947
Miscellaneous 3,840,459 4,462,894 4,813,310 4,546,844 5,305,779
Sub Total 16,800,660 17,834,113 17,810,391 18,511,485 20,478,495
SRCC & T 108,750 81,656 55,564 100,121
Total Reinsurance Premium 16,909,410 17,915,770 17,865,954 18,611,606 20,478,495
Retention (Rs.'000)
Class
2017 2018 2019 (a) 2020 (b) 2021 (b)
Fire 1,649,814 2,718,046 2,208,136 2,278,372 2,326,860
Marine 1,014,254 1,203,297 1,160,737 923,795 1,188,314
Motor 53,895,132 58,067,024 59,455,641 56,919,950 56,107,980
Health 11,966,823 12,390,451 15,113,179 17,231,770 18,297,200
Miscellaneous 4,025,800 3,791,528 5,629,314 3,310,924 3,607,405
Sub Total 72,551,823 78,170,347 83,567,006 80,664,811 81,527,759
SRCC & T 3,927,533 4,499,984 6,251,787 5,988,375 6,754,134
Total Net Written Premium 76,479,356 82,670,331 89,818,793 86,653,186 88,281,893
Retention as a percentage of Gross Written Premium (%)

Class
2017 2018 2019 (a) 2020 (b) 2021 (b)
Fire 19.19 30.81 26.70 25.63 22.54
Marine 46.28 50.07 48.66 40.58 38.66
Motor 96.16 93.11 93.36 92.89 93.93
Health 81.69 87.49 91.08 91.28 91.67
Miscellaneous 51.18 45.93 53.91 42.14 40.47
Sub Total 81.20 81.42 82.43 81.33 79.92
SRCC & T 97 98.22 99.12 98.36 100
Overall Retention Ratio 81.89 82.19 83.41 82.32 81.17
164
31. Class - wise Analysis of Reinsurance Premium of General Insurance Business - 2017 to 2021
Class - wise Analysis of Reinsurance Premium - General Insurance Business - 2021

(All figures in Rs.'000 )
Marine Motor Miscellaneous Total
Insurer Fire Health
Allianz Gen. 1,206,533 45,558 13,971 216,995 239,622 1,722,679

Amana Gen. 141,511 159,469 66,397 101,898 469,275
Ceylinco Gen. 1,918,932 384,967 785,447 238,759 2,092,236 5,420,341
Continental 707,064 95,005 38,314 11,824 293,217 1,145,424
Cooperative Gen. 86,621 32,324 310,795 1,276 136,737 567,753
Fairfirst 1,411,130 527,881 2,044,768 1,191,033 415,214 5,590,026
HNB Gen. 405,688 75,429 71,773 258,667 811,557
LOLC Gen. 300,813 27,650 86,705 23,314 438,482
MBSL 9,362 767 37,813 54,515 102,457
NITF 123,388 123,388
Orient 124,632 12,357 30,925 69,766 237,680
People’s 190,829 88,864 50,422 260,323 590,438
Sanasa Gen. 3,758 15,257 3,060 80,746 102,821
SLIC 1,491,119 435,526 73,392 1,156,136 3,156,173
Sub Total 7,997,992 1,885,797 3,625,979 1,662,947 5,305,779 20,478,494
SRCC & T
Total 7,997,992 1,885,797 3,625,979 1,662,947 5,305,779 20,478,494
165
Insurer Fire Health
Allianz Gen. 1,093,785 73,331 6,781 150,594 293,240 1,617,731

Amana Gen. 88,029 79,260 50,240 57,802 275,331
Ceylinco Gen. 1,505,020 284,499 1,095,407 193,430 2,204,294 5,282,650
Continental 623,905 80,831 43,112 7,506 209,011 964,365
Cooperative Gen. 90,203 16,788 327,440 1,681 108,621 544,733
Fairfirst 987,460 401,578 2,137,082 1,292,605 520,425 5,339,150
HNB Gen. 354,121 52,838 60,522 160,841 628,322
LOLC Gen. 414,640 10,846 388,046 62,501 876,033
MBSL 3,575 503 37,680 18,043 59,801
NITF 9,586 6,683 16,269
Orient 70,578 10,909 28,655 49,806 159,948
People’s 167,040 30,456 44,924 107,687 350,107
Sanasa Gen. 3,214 17,085 35,418 55,717
SLIC 1,198,730 310,840 112,603 719,155 2,341,328
Sub Total 6,609,886 1,352,679 4,356,260 1,645,816 4,546,844 18,511,485
SRCC & T 100,121
Total 6,609,886 1,352,679 4,356,260 1,645,816 4,546,844 18,611,606
166
Insurer Fire Health
Allianz Gen. 1,430,477 57,723 14,777 157,035 282,261 1,942,273

Amana Gen. 106,775 71,532 30,428 63,031 271,767
Ceylinco Gen. 1,197,937 299,851 592,755 173,713 1,811,173 4,075,429
Continental 567,647 58,623 46,781 26,680 148,179 847,910
Cooperative Gen. 80,030 10,643 343,140 759 137,219 571,791
Fairfirst 949,397 292,907 2,546,803 1,099,765 448,825 5,337,697
HNB Gen. 338,938 51,705 71,515 185,519 647,678
LOLC Gen. 261,157 5,421 354,406 65,318 686,303
MBSL 2,870 431 8,869 129 3,184 15,482
NITF 10,329 418,733 429,062
Orient 59,834 12,304 30,037 24,653 126,827
People’s 117,082 15,038 39,011 73,824 244,955
Sanasa Gen. 3,865 20,332 15,410 26,677 66,283
SLIC 945,846 348,650 120,730 7,031 1,124,714 2,546,971
Sub Total 6,061,854 1,224,829 4,229,915 1,480,522 4,813,310 17,810,430
SRCC & T 55,564
Total 6,061,854 1,224,829 4,229,915 1,480,522 4,813,310 17,865,994
167
Insurer Fire Health
Allianz Gen. 1,100,340 116,342 78,474 (5,667) 466,005 1,755,494

Amana Gen. 54,257 75,880 23,506 219 72,819 226,681
Ceylinco Gen. 1,786,559 284,200 352,704 138,194 1,106,052 3,667,709
Continental 406,223 66,197 67,280 376,214 110,008 1,025,922
Cooperative Gen. 75,658 2,463 303,235 1,383 117,760 500,499
Fairfirst 807,422 202,520 2,872,700 1,250,822 79,540 5,213,004
HNB Gen. 319,601 61,818 64,596 119,220 565,235
LOLC Gen. 226,077 5,778 324,653 26,303 582,810
MBSL 1,025 82 8,328 3,415 12,850
NITF 8,726 1,461,189 1,469,915
Orient 58,868 15,724 32,956 34,536 142,084
People’s 143,635 7,214 32,786 61,099 244,734
Sanasa 3,493 12,828 1,786 35,097 53,203
SLIC 1,120,452 361,851 113,679 8,139 769,851 2,373,972
Sub Total 6,103,609 1,200,069 4,296,451 1,771,091 4,462,894 17,834,113
SRCC & T 81,656
Total 6,103,609 1,200,069 4,296,451 1,771,091 4,462,894 17,915,770
168
Insurer Fire Health
Allianz Gen. 1,460,768 13,146 21,772 123,028 40,306 1,659,020

Amana Gen. 73,513 69,688 18,244 30,722 80,327 272,494
Ceylinco Gen. 1,430,220 268,930 707,294 71,728 823,186 3,301,358
Continental 425,594 64,304 35,433 272,627 109,022 906,980
Cooperative Gen. 62,021 3,193 277,158 3,739 109,088 455,199
Fairfirst 622,597 203,398 335,038 120,169 498,309 1,779,511
HNB Gen. 364,095 39,825 51,897 211,166 666,984
Janashakthi Gen. 1,017,578 199,546 173,353 520,806 1,911,284
LOLC Gen. 298,013 5,319 274,291 33,373 610,997
MBSL 15,151 1,936 35,889 17,463 11,068 81,507
NITF 7,853 688,398 805,001
Orient 66,575 16,963 24,312 22,184 130,034
People’s 115,027 13,719 58,066 46,447 233,258
Sanasa 9,056 19,723 90,177 118,956
SLIC 987,466 277,432 112,186 2,043,141 556,603 3,976,828
Sub Total 6,947,675 1,177,400 2,152,508 2,682,617 3,840,459 16,800,660
SRCC & T 108,750
Total 6,947,675 1,177,400 2,152,508 2,682,617 3,840,459 16,909,410
169
32. Branch Network, Employees & Agents as at 31st December 2021
Indusrtry
No. of Employees including employees at Head
No. of Branches No. of Agents
Province Office
General Long Term Composite Total General Long Term Composite Total General Long Term Composite Total
Central Province 82 101 14 197 704 440 183 1,327 291 2,206 1,208 3,705
Eastern Province 53 70 7 130 335 271 59 665 96 1,870 435 2,401
North Central Province 53 70 11 134 383 274 79 736 219 1,656 597 2,472
North Western Province 86 104 17 207 639 389 193 1,221 318 2,667 1,429 4,414
Nothern Province 47 75 8 130 302 330 57 689 78 2,791 644 3,513
Sabaragamuwa Province 60 72 13 145 489 321 97 907 308 1,923 1,296 3,527
Southern Province 97 121 20 238 812 505 282 1,599 420 3,293 1,449 5,162
Uva Province 50 59 8 117 329 316 97 742 142 1,413 532 2,087
Western Province 247 292 59 598 7,006 3,366 1,774 12,146 1,551 9,097 5,891 16,539
Total 775 964 157 1,896 10,999 6,212 2,821 20,032 3,423 26,916 13,481 43,820
AIA Life
Province Office
Central Province 9 9 24 24 407 407
Eastern Province 8 8 16 16 331 331
North Central Province 4 4 10 10 210 210
North Western Province 8 8 14 14 426 426
Northern Province 5 5 13 13 200 200
Sabaragamuwa Province 7 7 17 17 352 352
Southern Province 14 14 26 26 610 610
Uva Province 5 5 18 18 266 266
Western Province 43 43 566 566 2,662 2,662
Total - 103 - 103 - 704 - 704 - 5,464 - 5,464
170
Allianz Gen.
Province Office
Uva Province 7 7 56 56 31 31
Western Province 35 35 1,465 1,465 512 512
Total 96 - - 96 2,170 - - 2,170 873 - - 873
Allianz Life
Province Office
Uva Province 8 8 105 105 73 73
Western Province 22 22 18 18 165 165
Total 82 82 180 180 834 834
Amana Gen.
Province Office
Central Province 6 6 20 8 28 -
Eastern Province 4 4 13 11 24 1 1
North Central Province 2 2 1 1 2 - -
North Western Province 2 2 17 5 22 2 2
Northern Province 3 3 6 3 9 - -
Sabaragamuwa Province 1 1 2 1 3 - -
Southern Province 2 2 11 3 14 1 1
Uva Province 2 2 29 - 29 - -
Western Province 7 7 201 39 240 5 5
Total 29 - - 29 300 - 71 371 9 - - 9
171
Amana Life
Province Office
Uva Province 1 1 3 3 17 17
Total 33 33 94 94 343 343
Arpico
Province Office
Uva Province 5 5 46 46 171 171
Total 65 65 651 651 2,154 2,154
Softlogic Life
Province Office
Uva Province 5 5 26 26 93 93
Total 106 - 106 - 980 - 980 - 3,124 - 3,124
172
Fairfirst
Province Office
Uva Province 4 4 19 19 19 19
Total 55 - - 55 953 - - 953 423 - - 423
Ceylinco Gen.
Province Office
Uva Province 9 9 86 86 52 52
Western Province 74 74 1,819 1,819 454 454
Total 190 - - 190 2,871 - - 2,871 981 - - 981
Ceylinco Life
Province Office
Uva Province 7 7 21 21 192 192
Total 135 - 135 - 795 - 795 - 3,583 - 3,583
173
Continental
Province Office
Total 58 - - 58 568 - - 568 104 - - 104
Cooperative Gen.
No. of employees including employees at Head
Province Office
Total 112 - - 112 1,296 - - 1,296 164 - - 164
Cooplife
Province Office
Uva Province 5 5 11 11 18 18
Total 57 - 57 - 207 - 207 - 340 - 340
174
HNB Life
Province Office
Uva Province 4 4 21 21 108 108
Total - 63 - 63 - 627 - 627 - 2,762 - 2,762
HNB Gen.
Province Office
Uva Province 4 4 22 22 17 17
Total 55 - - 55 589 - - 589 346 - - 346
Janashakthi Life
Province Office
Uva Province 5 5 15 15 149 149
Total 77 - 77 - 372 - 372 - 1,524 - 1,524
175
LIC
Province Office
Total 28 - 28 - 99 - 99 - 969 - 969
LOLC Gen.
Province Office
Eastern Province 4 4 12 12 -
Northern Province 3 3 24 24 -
Total 59 - - 59 547 - - 547 79 - - 79
176
LOLC Life
Province Office
Uva Province 6 6 11 11 129 129
Total 59 - 59 - 306 - 306 - 1,870 - 1,870
MBSL
Province Office
Eastern Province - 1 1 2 1 6 7
North Central Province 1 1 6 1 7 2 7 9
North Western Province 1 1 13 13 1 2 3
Northern Province - 1 1 1 1
Sabaragamuwa Province 1 1 7 7 4 12 16
Southern Province 2 2 18 18 12 3 15
Uva Province 1 1 6 1 7 10 10
Western Province 8 8 139 6 145 35 23 58
Total 15 15 207 9 - 216 55 68 - 123
NITF
Province Office
Central Province 4 4 7 7 -
Eastern Province 3 3 4 4 -
North Central Province 3 3 12 12 -
North Western Province 4 4 5 5 -
Northern Province 4 4 4 4 -
Sabaragamuwa Province 3 3 4 4 -
Southern Province 5 5 19 19 -
Uva Province 4 4 5 5 -
Western Province 2 2 205 205 -
Total 32 32 265 265
177
Orient
Province Office
North Central Province - - 5 5 - -
Northern Province - - - - - -
Uva Province - - 1 1 - -
Total 20 20 247 247 38 38
People’s
Province Office
Eastern Province 1 1 21 21 - -
Uva Province - - 18 18 2 2
Total 15 15 618 618 99 99
Sanasa Life
Province Office
Eastern Province 2 2 7 7 - -
Uva Province 2 2 15 15 17 17
Total - 79 - 79 - 418 - 418 - 679 - 679
178
Sanasa Gen.
Province Office
Total 54 - 54 368 - - 368 252 - - 252
SLIC
Province Office
Central Province 13 13 175 175 1,208 1,208
North Western Province 16 16 188 188 1,429 1,429
Sabaragamuwa Province 12 12 96 96 1,296 1,296
Southern Province 18 18 279 279 1,449 1,449
Uva Province 7 7 97 97 532 532
Western Province 51 51 1,735 1,735 5,891 5,891
Total - - 142 142 - - 2,750 2,750 - - 13,481 13,481
Union Life
Province Office
Uva Province 5 5 21 21 152 152
Total 77 - 77 - 770 - 770 - 3,202 - 3,202
Note: Company Amana Takaful has entered no. of employees who is serving both gen and life companies under composite which is not inconsistent with our format. Hence, we added those employees to parent company which is Amana
Takaful PLC in order to avoid double counting of employees.
179
33. Number of New Insurance Policies Issued - Long Term Insurance Buisness
Insurer 2017 2017 2018 2019 2020 (a) 2021 (b)

AIA Life 68,236 68,236 53,654 50,848 49,873 56,481
Allianz Life 9,462 9,462 11,331 12,345 9,107 10,936
Amana Life 5,283 5,283 4,847 4,838 4,279 4,969
Arpico 17,672 17,672 20,565 20,988 19,232 22,186
Ceylinco Life 126,904 126,904 110,089 109,901 108,866 115,868
Cooplife 13,859 13,859 11,394 7,626 6,179 5,392
HNB Life 32,005 32,005 29,530 28,211 24,635 34,371
Janashakthi Life 20,558 20,558 24,885 17,526 16,092 30,096
LIC 4,183 4,183 4,059 5,897 5,582 6,249
LOLC Life 85,562 85,562 86,838 79,348 94,528 88,783
MBSL 590 590 197 38
Sanasa Life 34,503 34,503 30,016 27,206 35,577 25,971
SLIC 80,811 80,811 72,788 65,392 213,603 170,624
Softlogic Life 75,966 75,966 202,583 250,407 262,605 237,453
Union Life 67,889 67,889 48,547 54,166 54,028 64,383
Total 643,483 643,483 711,126 734,896 904,224 873,762
180
Breakup of Investment Income and Average Investments - Long Term Insurance Business
2012(a) 2013(b)
Investment Investment
Average Average Investment
Category Income Investment Yield Income
Investments Investments Yield Ratio
Ratio (%)
(Rs. '000) (Rs. '000) (%)
(Rs. '000) (Rs. '000)
Government Debt
10,932,807 91,445,229 11.96 11,880,429 96,085,490 12.36
Securities
- Treasury Bonds 9,137,669 9,612,859
- Treasury Bills 186,642 249,377
- Others (REPO) 1,608,497 2,018,193
Equity (69,948) 24,759,142 (0.28) 914,353 25,733,074 3.55
- Capital Gain/Losses (855,777) (92,781)
- Dividend 785,829 1,007,134
Corporate Debts 1,636,239 11,986,395 13.65 2,558,858 23,110,025 11.07
- Debentures 1,504,615 2,419,957
- Commercial Papers 125,876 119,306
- Asset Backed
5,748 19,595
Securities
- Other Similar
- -
Financial Instruments
Land and Buildings 56,209 5,915,963 0.95 65,636 6,040,644 1.09
Deposits 3,778,232 28,815,685 13.11 5,813,634 36,314,037 16.01
- Bank 3,656,310 5,649,639
- Finance Companies 121,922 163,994
Unit Trust 123,617 1,441,082 8.58 106,619 1,945,956 5.48
Gold 25,887 71,374 36.27 (10,968) 30,564 (35.89)
Policy Loans 56,895 4,463,050 1.27 25,895 4,930,651 0.53
Others 632,488 867,219 72.93 124,374 943,539 13.18
Total 17,172,425 169,765,140 10.12 21,478,831 195,133,980 11.01
21,478,831 17,172,425
(a) Reinstated Audited figures
(b) Provisional figures
-
Breakup of Investment Income Vs Average Investments - Long Term Insurance Business
2012(a) 2013(b)
Investment Investment
Category Average Investment Average Investment
Income Income
Investment Yield Ratio Investment Yield Ratio
(Rs. '000) (%) (Rs. '000) (%)
(Rs. '000) (Rs. '000)
Government Debt
10,932,807 91,445,229 11.96 11,880,429 96,085,490 12.36
Securities
- Treasury Bonds 9,137,669 9,612,859
- Treasury Bills 186,642 249,377
- Others (REPO) 1,608,497 2,018,193
Equity (69,948) 24,759,142 (0.28) 914,353 25,733,074 3.55
- Capital Gain/Losses (855,777) (92,781)
- Dividend 785,829 1,007,134
Corporate Debts 1,636,239 11,986,395 13.65 2,558,858 23,110,025 11.07
- Debentures 1,504,615 2,419,957
- Commercial Papers 125,876 119,306
- Asset backed
5,748 19,595
securities
- Other similar financial
- -
instruments
Land and Buildings 56,209 5,915,963 0.95 65,636 6,040,644 1.09
Deposits 3,778,232 28,815,685 13.11 5,813,634 36,314,037 16.01
- Bank 3,656,310 5,649,639
- Finance Companies 121,922 163,994
Unit Trust 123,617 1,441,082 8.58 106,619 1,945,956 5.48
Gold 25,887 71,374 36.27 (10,968) 30,564 (35.89)
Policy Loans 56,895 4,463,050 1.27 25,895 4,930,651 0.53
Others 632,488 867,219 72.93 124,374 943,539 13.18
Total 17,172,425 169,765,140 10.12 21,478,831 195,133,980 11.01
#REF! #REF!
The investment income belonging to shareholders of ALILL, AIL and LICLL have been reported under long term insurance business
ables'!A1
Company - wise Market Share of Gross Written Premium - General Insurance Business
2009 2010 2011 2012(a) 2013(b)
Insurer Premium Premium Premium Market Premium Premium
Market Share Market Share Share Market Share Market Share
(Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%) (Rs.'000) (%)
AIA 2,503,628 7.46 2,490,843 7.10 2,456,347 5.67 2,143,253 4.31 2,428,675 4.57
AIG 879,285 2.62 890,387 2.54 942,901 2.18 819,448 1.65 880,060 1.65
Allianz Gen. 1,174,822 3.50 1,356,660 3.86 1,379,406 3.18 1,397,127 2.81 1,964,907 3.70
Amana Takaful 953,798 2.84 908,756 2.59 916,754 2.12 1,125,837 2.27 1,232,433 2.32
Asian Alliance 496,749 1.48 397,789 1.13 582,257 1.34 1,133,240 2.28 1,376,657 2.59
Ceylinco 9,081,297 27.07 8,724,292 24.85 9,558,942 22.06 10,434,917 21.00 10,311,479 19.39
Ceylinco Takaful 28,324 0.08 - - - - - - -
Continental - - 359,105 1.02 1,149,121 2.65 1,545,226 3.11 1,330,515 2.50
Cooperative 596,183 1.78 644,814 1.84 922,859 2.13 1,135,011 2.28 1,272,941 2.39
HNBA 1,130,781 3.37 1,255,190 3.58 1,623,830 3.75 1,635,305 3.29 1,767,361 3.32
Janashakthi 4,272,926 12.74 4,324,170 12.32 5,086,207 11.74 5,773,429 11.62 6,342,546 11.93
LOLC - - - - 364,735 0.84 1,295,133 2.61 1,485,521 2.79
MBSL 271,309 0.81 467,606 1.33 636,738 1.47 1,049,147 2.11 1,118,983 2.10
Orient - - - - 1,749 0.00 308,546 0.62 355,001 0.67
People’s - - 847,064 2.42 2,284,578 5.27 2,795,448 5.63 3,085,041 5.80
Sanasa 184,409 0.55 234,914 0.67 232,374 0.54 308,142 0.62 322,592 0.61
SLIC 8,764,539 26.13 8,766,027 24.97 11,134,583 25.70 12,359,187 24.87 12,785,671 24.04
UAL 3,210,217 9.57 3,433,830 9.78 4,055,443 9.36 4,436,052 8.93 5,116,966 9.62
Total 33,548,267 100 35,101,447 100 43,328,824 100 49,694,449 100 53,177,349 100
Growth Rate
-2.92 4.63 23.44 14.69 7.01
(%)
SRCC & TC Premium due to NITF confirmed by

1,926,564 1,949,805 2,238,828 3,107,390
Insurers
Total Gross Written Premium and Growth Rate
37,028,011 10.37 45,278,629 22.28 51,933,276 14.70 56,284,738 8.38
(Including SRCC & TC)
onal figures
, Riot, Civil Commotion and Terrorism (SRCC & T) premium income of NITF was not considered for
e companies' general insurance GWP for the years 2010 to 2012.
e analysis does not include NITF information since required complete information was not submitted to
rd.
prohibited from engaging in insurance business since 5 th August 2009. The company did not submit
financials for since 2010 and relevant data for the year ended 31st December 2012.
9,349,574
26.64
73.36
25,751,873
Company-wise Market Share of Gross Written Premium - General

Insurance Business - 2013
AIA AIG Allianz Gen.

UAL 4.57%
9.62% 1.65% 3.70%
Amana Takaful
2.32%
SLIC Asian Alliance

24.04% 2.59%
Sanasa
0.61%
Ceylinco
People’s 19.39%
5.80%
Company-wise Market Share of Gross Written Premium - General
Insurance Business - 2013
AIA AIG Allianz Gen.

UAL 4.57%
9.62% 1.65% 3.70%
Amana Takaful
2.32%
SLIC Asian Alliance

24.04% 2.59%
Sanasa
0.61%
Ceylinco
People’s 19.39%
5.80%
Orient
0.67%
MBSL Continental
LOLC HNBA 2.50%
2.10% Janashakthi 3.32%
2.79% 11.93%
Notes:
1. Strike, Riot, Civil Commotion and Terrorism (SRCC & T) premium income of NITF was not
considered for insurance companies' general insurance GWP for the years 2010 and 2011.
2. Above analysis does not include NITF information since required complete information
was not submitted to the Board.
3.CTL is prohibited from engaging in insurance business since 5 th August 2009. The
company did not submit audited financials for the year ended 31st December 2010 and
relevant data for the year ended 31st December 2011.
Company - wise Market Share of Gross Written Premium - General Insurance Business
2009 2010 2011 2012(a) 2013(b)
Insurer Premium Premium Premium Premium Premium
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) Rank 07 Rank 08 Rank 09 Rank 10 Rank 11
AIA 2,503,628 2,490,843 2,456,347 2,143,253 2,428,675 5 5 5 5 5
AIG 879,285 890,387 942,901 819,448 880,060 6 6 9 9 10
Allianz Gen. 1,174,822 1,356,660 1,379,406 1,397,127 1,964,907 9 9 6 6 8
Amana Takaful 953,798 908,756 916,754 1,125,837 1,232,433 8 8 8 8 12
Asian Alliance 496,749 397,789 582,257 1,133,240 1,376,657 10 11 11 13 14
Ceylinco 9,081,297 8,724,292 9,558,942 10,434,917 10,311,479 1 1 1 2 2
Ceylinco Takaful 28,324 0 - - 14 14 14 16 18
Continental - 359,105 1,149,121 1,545,226 1,330,515 15 15 15 14 9
Cooperative 596,183 644,814 922,859 1,135,011 1,272,941 11 10 10 11 11
HNBA 1,130,781 1,255,190 1,623,830 1,635,305 1,767,361 7 7 7 7 7
Janashakthi 4,272,926 4,324,170 5,086,207 5,773,429 6,342,546 3 3 3 3 3
LOLC - 0 364,735 1,295,133 1,485,521 15 15 15 16 15
MBSL 271,309 467,606 636,738 1,049,147 1,118,983 12 12 12 12 13
Orient - 0 1,749 308,546 355,001 15 15 15 16 17
People’s - 847,064 2,284,578 2,795,448 3,085,041 15 15 15 10 6
Sanasa 184,409 234,914 232,374 308,142 322,592 13 13 13 15 16
SLIC 8,764,539 8,766,027 11,134,583 12,359,187 12,785,671 2 2 2 1 1
UAL 3,210,217 3,433,830 4,055,443 4,436,052 5,116,966 4 4 4 4 4
Total 33,548,267 35,101,447 43,328,824 49,694,449 53,177,349
Growth Rate -2.92 4.63 23.44 14.69 7.01
(%)
Gross Written Premium - General Insurance Business

23.44
55,000,000 22.50
45,000,000 17.50
14.69
35,000,000 12.50
%
Rs.'000
7.01
25,000,000 7.50
4.63
15,000,000 2.50
-2.92
5,000,000 -2.50
2009 2010 2011 2012(a) 2013(b) 2009 2010 2011 2012(a) 2013(b)
Total 33,548,267 35,101,447 43,328,824 49,694,449 53,177,349
Growth -2.92 4.63 23.44 14.69 7.01

Rate (%)
5,000,000 -2.50
2009 2010 2011 2012(a) 2013(b) 2009 2010 2011 2012(a) 2013(b)
Total 33,548,267 35,101,447 43,328,824 49,694,449 53,177,349
Growth -2.92 4.63 23.44 14.69 7.01

Rate (%)
Top 5 CompaniesTop 5 Companies Market Share of Gross Written Premium - General Insurance Business Top 5 Compa
Top 5 Companies Market Share
2007 2008 2009 2010 2011 2012(a) 2013(b) 2008

Insurer Insurer
Insurer Insurer
Premium Premium Premium Premium Premium Premium Premium
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
SLICL SLIC 8,845,417 9,140,845 8,764,539 8,766,027 11,134,583 12,359,187 12,785,671 SLICL SLIC 26.45
CIPLC Ceylinco 10,350,684 11,287,233 9,081,297 8,724,292 9,558,942 10,434,917 10,311,479 CIPLC Ceylinco 32.66
JIPLC Janashakthi 3,678,224 3,937,285 4,272,926 4,324,170 5,086,207 5,773,429 6,342,546 JIPLC Janashakthi 11.39
UAPLC UAL 2,814,654 3,182,236 3,210,217 3,433,830 4,055,443 4,436,052 5,116,966 UAPLC UAL 9.21
PIL People’s 847,064 2,284,578 2,795,448 3,085,041 PIL People’s -
ANDBIPLC AIA 1,867,142 2,045,252 2,503,628 2,490,843 2,456,347 2,143,253 2,428,675 Others Others
Top 5 Companies Market Share Analysis 2009 to 2013 - GIB

2009 2013 % Change
Top 5 82.96 70.79 (12.18) Chart 05
Others 17.04 29.21 12.18
Top 5 Companies Market Share of Gross Written Premium - General Insurance

Business for last 5 years
14,000,000
12,000,000
10,000,000
2009
2010
2011
2012(a)
8,000,000
2013(b)
Rs.'000
14,000,000
12,000,000
10,000,000
2009
2010
2011
2012(a)
8,000,000
2013(b)
Rs.'000
6,000,000
4,000,000
2,000,000
-
SLIC Ceylinco Janashakthi UAL People’s
#REF!
#REF!
#REF!
#REF!
Total #REF!
#REF!
LT #REF!
GI #REF!
Rank 12 Rank 2013

6 7
15 16
9 8
13 14
12 11
2 3
18 19
8 12
11 13
7 9
3 4
10 10
14 15
16 17
5 6
17 18
1 2
4 5
b)
b)
Market Share of Gross Written Premium - General Insurance Business
Rank 2008 2009 2010 2011 2012(a) 2013(b)
Premium Premium Premium Premium Premium
12,785,670.66 26.13 24.97 25.70 24.87 24.04

10,311,479.00 27.07 24.85 22.06 21.00 19.39
6,342,545.79 12.74 12.32 11.74 11.62 11.93
5,116,965.96 9.57 9.78 9.36 8.93 9.62
- - 2.42 5.27 5.63 5.80
24.50 25.65 25.87 27.96 29.21
Market Share of Top Five GWP generators & Other Players in 2013 - General Insurance
Business
32.50
27.50
22.50
17.50
12.50
%
7.50
2.50
SLIC Ceylinco Janashakthi UAL People’s Others

2009 26.13 27.07 12.74 9.57 - 24.50
2010 24.97 24.85 12.32 9.78 2.42 25.65
2011 25.70 22.06 11.74 9.36 5.27 25.87
17.50
12.50
%
7.50
2.50
SLIC Ceylinco Janashakthi UAL People’s Others

2009 26.13 27.07 12.74 9.57 - 24.50
2010 24.97 24.85 12.32 9.78 2.42 25.65
2011 25.70 22.06 11.74 9.36 5.27 25.87
2012(a) 24.87 21.00 11.62 8.93 5.63 27.96
2013(b) 24.04 19.39 11.93 9.62 5.80 29.21
Market Share of Top Five GWP generators in 2013 - General Insurance Business
27.50
22.50
17.50
12.50
%
7.50
2.50
Market Share of Top Five GWP generators in 2013 - General Insurance Business
27.50
22.50
17.50
12.50
%
7.50
2.50
SLIC Ceylinco Janashakthi UAL People’s

2009 26.13 27.07 12.74 9.57 -
2010 24.97 24.85 12.32 9.78 2.42
2011 25.70 22.06 11.74 9.36 5.27
2012(a) 24.87 21.00 11.62 8.93 5.63
2013(b) 24.04 19.39 11.93 9.62 5.80
Income Statement - General Insurance Business - 2012
2012
Total General Insurance Industry Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 36,430,163
2 GWP 6,965,655 1,699,418 27,431,298 262,085 9,136,473 45,494,929
3 - Coinsurance outward * (172,424) (227) (575) (1,151) (41,923) (216,301)
4 - SRCC & TC Premium ** (1,417,137) (21,164) (289,605) (16,787) (205,112) (1,949,805)
5 - Reinsurance*** (4,090,136) (847,392) (387,211) (30,099) (2,272,843) (7,627,681)
6 NWP (Line 2 - (sum of 3,4 & 5)) 1,285,958 830,635 26,753,908 214,048 6,616,595 35,701,143
7 Change in UEP (144,367) (27,958) (3,178,837) (24,065) (508,520) (3,883,747)
8 NEP 1,141,591 802,677 23,575,071 189,983 6,108,075 31,817,396
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (559,737) (239,523) (14,812,843) (59,407) (4,003,392) (19,674,902)
10 Underwriting and Net Acquisition Costs 500,446 67,240 (2,393,175) (23,329) (245,223) (2,094,041)
11 Other Insurance related costs (net) (621,733) (226,138) (1,840,631) (26,835) (791,771) (3,507,108)
12 Underwriting Results 460,566 404,256 4,528,422 80,411 1,067,690 6,541,345
-
Other Revenue
13 Fees & commission income 275,079
14 Income from investments 3,386,940
15 Other income 950,749
Expenses -
16 Other operating, investment related and admin expenses (6,014,938)
17 Amortisation of goodwill & Intangible Assets (441,831)
18 Profit from operations 4,697,342
19 Interest expense (47,184)
20 Profit before taxation 4,650,159
21 Tax (693,098)
22 Profit After taxation 3,957,061
2012
1 AIA Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 2,581,750
2 GWP 407,127 128,950 1,773,816 16,445 365,556 2,691,894

3 - Coinsurance outward (17,206) - (15,003) (32,209)
4 - SRCC & TC Premium (137,920) (728) (36,457) (28,233) (203,338)
5 - Reinsurance (149,559) (55,261) (0) (2,306) (34,250) (241,377)
6 NWP (Line 2 - (sum of 3,4 & 5)) 102,442 72,961 1,737,359 14,139 288,070 2,214,971
7 Change in UEP 8,873 (3,413) 6,901 (828) 19,227 30,760
8 NEP 111,315 69,548 1,744,260 13,311 307,297 2,245,731
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (33,519) (16,567) (1,219,698) (4,001) (181,199) (1,454,983)
10 Underwriting and Net Acquisition Costs 27,647 753 (178,613) (1,158) 1,652 (149,719)
11 Other Insurance related costs (net) (155,638) (37,003) (346,857) (6,038) (181,802) (727,338)
12 Underwriting Results (50,195) 16,731 (908) 2,115 (54,052) (86,308)
-
Other Revenue -
13 Fees & commission income -
14 Income from investments 317,762
Expenses -
thilini:
16 Other operating, investment related and admin expenses - Value taken to below
Amortization...
thilini:
17 Amortisation of goodwill & Intangible Assets (9,191) Should go to up
18 Profit from operations (50,195) 16,731 (908) 2,115 (54,052) 240,520

19 Interest expense -
20 Profit before taxation (50,195) 16,731 (908) 2,115 (54,052) 240,520
21 Tax (68,208)
22 Profit After taxation (50,195) 16,731 (908) 2,115 (54,052) 172,312
2012
2 AIG Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 397,204
2 GWP 131,662 94,804 62,739 2,228 684,356 975,789

3 - Coinsurance outward - - - - - -
4 - SRCC & TC Premium (24,808) - (1,071) - (7,009) (32,888)
5 - Reinsurance (103,608) (3,682) (1,344) (1,970) (425,318) (535,922)
6 NWP (Line 2 - (sum of 3,4 & 5)) 3,246 91,122 60,324 258 252,029 406,979
7 Change in UEP 752 1,519 (26,791) (376) (27,032) (51,928)
8 NEP 3,998 92,641 33,533 (118) 224,997 355,051
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) 3,081 (13,478) (49,762) (1,008) (65,088) (126,255)
10 Underwriting and Net Acquisition Costs 17,983 (4,928) (6,140) (141) 22,204 28,978
11 Other Insurance related costs (net) - - - - - -
12 Underwriting Results 25,062 74,235 (22,369) (1,267) 182,113 257,774
-
Other Revenue -
13 Fees & commission income - 954 1,091 - 1,363 3,408
14 Income from investments 4,837 3,483 2,305 82 25,140 35,846
15 Other income 391 282 186 7 2,033 2,899
Expenses -
16 Other operating, investment related and admin expenses (37,851) (27,255) (18,036) (641) (196,741) (280,523)
17 Amortisation of goodwill & Intangible Assets (232) (167) (111) (4) (1,206) (1,719)
18 Profit from operations (7,793) 51,532 (36,934) (1,823) 12,703 17,685
20 Profit before taxation (7,793) 51,532 (36,934) (1,823) 12,703 17,685
21 Tax 2,715 1,955 1,294 46 14,113 20,123
22 Profit After taxation (5,078) 53,487 (35,640) (1,777) 26,816 37,808
2012
3 Allianz Gen. Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 442,799
2 GWP 768,188 31,860 132,429 12,903 555,920 1,501,300

3 - Coinsurance outward (9,781) (1,056) (10,837)
4 - SRCC & TC Premium (100,437) (296) (3,583) (6,741) (111,057)
5 - Reinsurance (588,818) (21,947) (4,641) (343,619) (959,025)
6 NWP (Line 2 - (sum of 3,4 & 5)) 69,152 9,617 127,788 9,320 204,504 420,381
7 Change in UEP 2,439 (380) (26,856) (1,697) (57,140) (83,634)
8 NEP 71,591 9,237 100,932 7,623 147,364 336,747
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (353) 1,892 (77,391) (3,733) (59,582) (139,167)
10 Underwriting and Net Acquisition Costs 148,582 5,210 (10,090) 140 7,767 151,609
11 Other Insurance related costs (net) -
12 Underwriting Results 219,820 16,339 13,451 4,030 95,549 349,189
-
Other Revenue -
14 Income from investments 64,299 4,127 10,583 578 26,181 105,768
15 Other income 4,199 504 (108) (68) (4,243) 284
Expenses -
16 Other operating, investment related and admin expenses -
17 Amortisation of goodwill & Intangible Assets (100,469) (6,771) (19,590) (952) (41,007) (168,789)
18 Profit from operations 187,849 14,199 4,336 3,588 76,480 286,452
20 Profit before taxation 187,849 14,199 4,336 3,588 76,480 286,452
21 Tax (46,594)
22 Profit After taxation 187,849 14,199 4,336 3,588 76,480 239,858
2012
4 Amana Takaful Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 882,379
2 GWP 72,012 34,120 710,558 5,234 143,377 965,300

3 - Coinsurance outward (404) (95) (457) - (1,867) (2,823)
4 - SRCC & TC Premium (23,488) (5) (16,885) (813) (4,532) (45,724)
5 - Reinsurance (39,208) (19,184) (1) (80) (20,779) (79,252)
6 NWP (Line 2 - (sum of 3,4 & 5)) 8,911 14,837 693,215 4,340 116,198 837,502
7 Change in UEP 325 901 (83,803) (163) 24,234 (58,505)
8 NEP 9,236 15,738 609,413 4,177 140,433 778,997
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (52) (5,020) (387,076) (1,440) (110,186) (503,775)
10 Underwriting and Net Acquisition Costs 11,253 3,886 (51,271) (216) (2,719) (39,067)
-
Other Revenue -
Expenses -
16 Other operating, investment related and admin expenses (426,667)

18 Profit from operations 20,437 14,604 171,066 2,521 27,527 (93,760)
20 Profit before taxation 20,437 14,604 171,066 2,521 27,527 (109,365)
21 Tax -
22 Profit After taxation 20,437 14,604 171,066 2,521 27,527 (109,365)
2012
5 Asian Alliance Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 151,945
2 GWP 94,709 41,011 329,440 6,139 156,864 628,163

3 - Coinsurance outward * (5,894) (44) - - (1,339) (7,277)
4 - SRCC & TC Premium ** (31,030) (317) - - (7,282) (38,629)
5 - Reinsurance*** (54,506) (27,890) (17,866) (1,557) (19,033) (120,852)
6 NWP (Line 2 - (sum of 3,4 & 5)) 3,279 12,759 311,574 4,582 129,211 461,406
7 Change in UEP 1,297 (3,537) (70,905) (133) (40,550) (113,828)
8 NEP 4,576 9,222 240,669 4,449 88,661 347,578
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (2,709) (3,646) (196,072) (809) (68,064) (271,300)
10 Underwriting and Net Acquisition Costs 8,045 5,564 (28,250) (492) (10,825) (25,958)
-
Other Revenue -
14 Income from investments (195,633)
15 Other income -
Expenses -
17 Amortisation of goodwill & Intangible Assets -

18 Profit from operations 9,912 11,140 16,347 3,148 9,772 (321,755)
20 Profit before taxation 9,912 11,140 16,347 3,148 9,772 (324,008)
21 Tax (3,721)
22 Profit After taxation 9,912 11,140 16,347 3,148 9,772 (327,729)
2012
6 Ceylinco Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 8,446,647
2 GWP 1,653,541 385,990 6,030,572 83,042 1,888,067 10,041,212

3 - Coinsurance outward (15,485) (88) (118) (1,887) (17,578)
4 - SRCC & TC Premium (318,121) (530) (102,277) (43,764) (464,692)
5 - Reinsurance (807,067) (114,505) (87,868) (13,620) (329,990) (1,353,050)
6 NWP (Line 2 - (sum of 3,4 & 5)) 512,868 270,867 5,840,309 69,422 1,512,426 8,205,892
7 Change in UEP (69,938) (3,968) (227,149) (14,501) (107,429) (422,985)
8 NEP 442,930 266,899 5,613,160 54,921 1,404,997 7,782,907
-
Benefits/losses -
10 Underwriting and Net Acquisition Costs 62,918 (9,874) (507,330) (10,975) (124,271) (589,532)
12 Underwriting Results 131,786 161,590 1,859,037 5,926 559,291 2,717,630
-
Other Revenue -
Expenses -

18 Profit from operations 131,786 161,590 1,859,037 5,926 559,291 596,954
20 Profit before taxation 131,786 161,590 1,859,037 5,926 559,291 574,953
21 Tax (141,727)
22 Profit After taxation 131,786 161,590 1,859,037 5,926 559,291 433,226
2012
7 Continental Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 669,451
2 GWP 264,888 9,493 850,892 4,631 96,141 1,226,045

3 - Coinsurance outward (31,661) - - (1,151) (4,246) (37,058)
4 - SRCC & TC Premium (22,673) - (14,446) (483) (2,265) (39,867)
5 - Reinsurance (164,462) (7,630) (9,450) (2,611) (71,799) (255,952)
6 NWP (Line 2 - (sum of 3,4 & 5)) 46,092 1,863 826,996 386 17,831 893,168
7 Change in UEP (10,621) (350) (309,354) - (1,602) (321,927)
8 NEP 35,471 1,513 517,642 386 16,229 571,241
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (4,198) (1,577) (5,836) - (407,349) (418,959)
10 Underwriting and Net Acquisition Costs 7,663 1,474 (44,527) - 19,514 (15,876)
12 Underwriting Results 38,935 1,410 467,279 386 (371,605) 136,405
-
Other Revenue -
13 Fees & commission income 15 92 7,369 2 23 7,502
14 Income from investments 18,683 670 60,016 327 6,781 86,477
15 Other income 914 33 2,937 16 332 4,231
Expenses -
16 Other operating, investment related and admin expenses (49,304) (5,687) (144,857) (390) (8,106) (208,344)

18 Profit from operations 9,244 (3,482) 392,744 340 (372,574) 26,271
20 Profit before taxation 9,244 (3,482) 392,744 340 (372,574) 26,271
21 Tax -
22 Profit After taxation 9,244 (3,482) 392,744 340 (372,574) 26,271
2012
8 Cooperative Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 805,328
2 GWP 58,535 18,336 720,114 - 141,129 938,115

3 - Coinsurance outward - - - - - -
4 - SRCC & TC Premium (7,454) (71) (6,670) - (1,060) (15,256)
5 - Reinsurance (16,298) (8,106) (12,417) - (4,251) (41,073)
6 NWP (Line 2 - (sum of 3,4 & 5)) 34,784 10,158 701,027 - 135,817 881,786
7 Change in UEP (3,875) 366 (119,318) - (30,366) (153,193)
8 NEP 30,909 10,524 581,708 - 105,452 728,593
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (12,294) (9,803) (319,820) - (17,484) (359,401)
10 Underwriting and Net Acquisition Costs (1,254) (64) 10,465 - (6,429) 2,719
12 Underwriting Results 17,361 657 272,353 - 81,539 371,910
-
Other Revenue -
14 Income from investments 4,446 1,393 54,694 - 10,719 71,251
15 Other income 644 98 3,941 - 800 5,484
Expenses -
16 Other operating, investment related and admin expenses (19,525) (6,581) (187,116) - (38,322) (251,544)

18 Profit from operations 2,927 (4,433) 143,872 - 54,736 197,102
20 Profit before taxation 2,927 (4,433) 143,872 - 54,736 197,102
21 Tax -
22 Profit After taxation 2,927 (4,433) 143,872 - 54,736 197,102
2012
9 HNBA Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 1,295,137
2 GWP 303,185 25,335 1,188,867 4,409 172,548 1,694,344

3 - Coinsurance outward -
4 - SRCC & TC Premium (62,030) (44) - (415) (8,025) (70,514)
5 - Reinsurance (208,037) (20,182) (32,567) (82) (58,744) (319,611)
6 NWP (Line 2 - (sum of 3,4 & 5)) 33,118 5,109 1,156,300 3,912 105,780 1,304,219
7 Change in UEP (1,256) 37 (121,210) 777 (20,618) (142,270)
8 NEP 31,862 5,146 1,035,090 4,689 85,162 1,161,949
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (10,654) (2,109) (695,731) (3,638) (90,240) (802,372)
10 Underwriting and Net Acquisition Costs 50,367 5,718 (71,222) (237) 5,562 (9,812)
11 Other Insurance related costs (net) (1,171) 23 (6,934) (4) (23) (8,109)
12 Underwriting Results 70,404 8,778 261,203 810 461 341,656
-
Other Revenue -
Expenses -

18 Profit from operations 70,404 8,778 261,203 810 461 100,316
20 Profit before taxation 70,404 8,778 261,203 810 461 100,316
21 Tax (25,772)
22 Profit After taxation 70,404 8,778 261,203 810 461 74,544
2012
10 Janashakthi Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 5,079,536
2 GWP 530,453 133,541 3,838,492 - 753,924 5,256,411

Comapany sheet Company figure is Company figure is
4 - SRCC & TC Premium (134,297) saya 135,172(3,314) 4,190 - - (32,592) 30,840 (170,203)
Company figure is Company figure is Company figure is
5 - Reinsurance (284,428) 283,553 (57,353) 56,477 (83,286) (99,214) 100,966 (524,281)
6 NWP (Line 2 - (sum of 3,4 & 5)) 111,728 72,874 3,755,206 - 622,118 4,561,927
7 Change in UEP (19,118) (2,649) (209,372) (97,519) (328,658)
8 NEP 92,611 70,225 3,545,834 - 524,599 4,233,269
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (19,613) (20,568) (2,199,950) (415,661) (2,655,792)
10 Underwriting and Net Acquisition Costs 11,630 (9,230) (608,173) - (63,538) (669,311)
12 Underwriting Results 84,628 40,427 737,712 - 45,400 908,166
-
Other Revenue -
Expenses -

18 Profit from operations 84,628 40,427 737,712 - 45,400 682,833
20 Profit before taxation 84,628 40,427 737,712 - 45,400 675,520
21 Tax -
22 Profit After taxation 84,628 40,427 737,712 - 45,400 675,520
2012
11 LOLC Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 70,118
2 GWP 364,735 364,735

3 - Coinsurance outward - -
4 - SRCC & TC Premium - -
5 - Reinsurance (13,771) (13,771)
6 NWP (Line 2 - (sum of 3,4 & 5)) - - 350,964 - - 350,964
7 Change in UEP (300,370) (300,370)
8 NEP - - 50,594 - - 50,594
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (1,083) (1,083)
10 Underwriting and Net Acquisition Costs (49,166) (49,166)
12 Underwriting Results - - 346 - - 346
-
Other Revenue -
14 Income from investments 12,167 12,167
15 Other income 7,358 7,358
Expenses -
17 Amortisation of goodwill & Intangible Assets (85,526) (85,526)

18 Profit from operations - - (65,657) - - (65,657)
20 Profit before taxation - - (65,657) - - (65,657)
21 Tax -
22 Profit After taxation - - (65,657) - - (65,657)
2012
12 MBSL Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 445,986
2 GWP 57,934 20,315 462,941 138,781 679,971

4 - SRCC & TC Premium (13,868) (13,869) (13,870) - (1,627) (43,233)
5 - Reinsurance (42,490) (1,774) (6,731) - (92,786) (143,783)
6 NWP (Line 2 - (sum of 3,4 & 5)) 1,576 4,672 442,340 - 44,367 492,955
7 Change in UEP (518) (2,016) (92,438) (9,665) (104,637)
8 NEP 1,058 2,656 349,902 - 34,702 388,318
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (2,022) (1,474) (211,605) (29,059) (244,160)
10 Underwriting and Net Acquisition Costs 10,716 1,486 (22,208) 19,338 9,333
11 Other Insurance related costs (net) (2,284) (154) 6,774 (6,320) (1,985)
12 Underwriting Results 7,469 2,514 122,863 - 18,660 151,506
-
Other Revenue -
13 Fees & commission income 742 260 5,931 - 1,778 8,712
14 Income from investments 3,184 1,116 25,442 - 7,627 37,370
15 Other income 987 346 7,888 - 2,365 11,586
Expenses -
16 Other operating, investment related and admin expenses (17,212) (6,036) (137,541) - (41,232) (202,021)

18 Profit from operations (4,830) (1,798) 24,584 - (10,802) 7,153
20 Profit before taxation (4,830) (1,798) 24,584 - (10,802) 7,153
21 Tax -
22 Profit After taxation (4,830) (1,798) 24,584 - (10,802) 7,153
2011
13 Orient Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 22,914
2 GWP 167 215 1,434 5 1,821

4 - SRCC & TC Premium (39) (2) (30) (1) (72)
5 - Reinsurance (50) (167) - - (217)
6 NWP (Line 2 - (sum of 3,4 & 5)) 78 46 1,404 - 4 1,532
7 Change in UEP (75) (44) (1,374) (4) (1,497)
8 NEP 3 2 30 - - 35
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) - - (70) - (70)
10 Underwriting and Net Acquisition Costs 1 1 (5) - - (3)
12 Underwriting Results 4 3 (45) - - (38)
-
Other Revenue -
13 Fees & commission income 1 1 11 0 12
14 Income from investments 1,960 1,307 19,600 - - 22,867
15 Other income -
Expenses -
17 Amortisation of goodwill & Intangible Assets (3,030) (2,020) (30,301) - - (35,351)

18 Profit from operations (1,065) (710) (10,736) - 0 (12,511)
20 Profit before taxation (1,065) (710) (10,736) - 0 (12,511)
21 Tax -
22 Profit After taxation (1,065) (710) (10,736) - 0 (12,511)
2011
14 People’s Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 1,584,796
2 GWP 238,767 14,939 2,002,474 - 158,608 2,414,788

3 - Coinsurance outward (909) - - - - (909)
4 - SRCC & TC Premium (92,256) - (32,829) - (4,216) (129,301)
5 - Reinsurance (72,549) (3,773) (24,990) - (11,280) (112,592)
6 NWP (Line 2 - (sum of 3,4 & 5)) 73,053 11,166 1,944,655 - 143,112 2,171,986
7 Change in UEP (27,432) (3,072) (632,064) - (31,447) (694,015)
8 NEP 45,621 8,094 1,312,591 - 111,665 1,477,971
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (27,692) (2,167) (1,089,576) - (115,778) (1,235,213)
10 Underwriting and Net Acquisition Costs 15,184 34 (160,091) - (530) (145,403)
12 Underwriting Results 33,113 5,961 62,924 - (4,643) 97,355
-
Other Revenue -
13 Fees & commission income 1,163 200 15,165 - 1,312 17,840
14 Income from investments 2,747 487 79,023 - 6,723 88,979
15 Other income - - - - 6 6
Expenses -
16 Other operating, investment related and admin expenses (3,298) (585) (94,885) - (8,072) (106,840)

18 Profit from operations 33,725 6,063 62,226 - (4,675) 97,340
20 Profit before taxation 33,725 6,063 62,226 - (4,675) 97,340
21 Tax (684) (121) (19,682) - (1,674) (22,162)
22 Profit After taxation 33,041 5,942 42,544 - (6,349) 75,178
2011
15 Sanasa Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 233,318
2 GWP 17,770 135,535 79,069 232,374

4 - SRCC & TC Premium -
5 - Reinsurance (12,143) (4,653) (49,726) (66,522)
6 NWP (Line 2 - (sum of 3,4 & 5)) 5,627 - 130,882 - 29,343 165,852
7 Change in UEP 252 (18,707) 20,767 2,312
8 NEP 5,879 - 112,175 - 50,110 168,164
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (4,476) (44,141) (16,278) (64,895)
10 Underwriting and Net Acquisition Costs -
11 Other Insurance related costs (net) 1,663 (6,868) 4,306 (899)
12 Underwriting Results 3,066 - 61,166 - 38,138 102,370
-
Other Revenue -
13 Fees & commission income 90 6,889 4,832 11,811
14 Income from investments 2,284 17,421 10,164 29,869
15 Other income 1,795 13,691 7,988 23,474
Expenses -
16 Other operating, investment related and admin expenses (10,462) (79,793) (49,132) (139,387)

18 Profit from operations (3,227) - 19,374 - 11,990 28,137
20 Profit before taxation (3,227) - 19,374 - 11,990 28,137
21 Tax 183 1,398 815 2,396
22 Profit After taxation (3,044) - 20,772 - 12,805 30,533
2011
16 SLIC Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 9,730,197
2 GWP 1,798,416 449,760 6,643,052 80,405 2,650,486 11,622,119

3 - Coinsurance outward (91,085) (16,526) (107,611)
4 - SRCC & TC Premium (283,488) (299) (65,070) (31,068) (379,925)
5 - Reinsurance (1,203,942) (313,370) (17,161) (6,209) (646,086) (2,186,768)
6 NWP (Line 2 - (sum of 3,4 & 5)) 219,901 136,090 6,560,821 74,196 1,956,806 8,947,815
7 Change in UEP (13,020) (2,220) (820,967) (5,670) (36,074) (877,952)
8 NEP 206,881 133,870 5,739,853 68,526 1,920,732 8,069,863
-
Benefits/losses -
9 Non Life Insurance Losses and Loss Adj Exp(net) (30,752) (41,623) (3,611,684) 4,529 (1,077,642) (4,757,172)
10 Underwriting and Net Acquisition Costs 92,665 50,951 (408,687) (6,530) (52,389) (323,990)
11 Other Insurance related costs (net) (298,292) (118,314) (1,075,346) (15,162) (475,604) (1,982,718)
12 Underwriting Results (29,497) 24,885 644,136 51,363 315,098 1,005,983
-
Other Revenue -
14 Income from investments 1,371,475
Expenses -

18 Profit from operations (29,497) 24,885 644,136 51,363 315,098 2,539,067
19 Interest expense (12)
20 Profit before taxation (29,497) 24,885 644,136 51,363 315,098 2,539,055
21 Tax (407,432)
22 Profit After taxation (29,497) 24,885 644,136 51,363 315,098 2,131,622
2011
17 UAL Fire Marine Motor WCI Misc Total
(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)
1 Revenue 3,590,659
2 GWP 568,300 310,749 2,183,207 46,650 1,151,642 4,260,549

4 - SRCC & TC Premium (165,228) (1,688) - (11,493) (26,697) (205,106)
5 - Reinsurance (342,971) (192,568) (70,463) (1,665) (65,968) (673,634)
6 NWP (Line 2 - (sum of 3,4 & 5)) 60,101 116,494 2,112,744 33,493 1,058,978 3,381,809
7 Change in UEP (12,452) (9,131) (125,061) (1,474) (113,303) (261,420)
8 NEP 47,650 107,362 1,987,683 32,019 945,674 3,120,389
-
Benefits/losses -
10 Underwriting and Net Acquisition Costs 37,045 16,258 (257,867) (3,721) (60,558) (268,843)
11 Other Insurance related costs (net) (166,011) (70,689) (411,399) (5,631) (132,328) (786,059)
12 Underwriting Results (121,739) 24,982 (138,139) 11,380 124,441 (99,075)
-
Other Revenue -
Expenses -

18 Profit from operations (121,739) 24,982 (138,139) 11,380 124,441 371,195
20 Profit before taxation (121,739) 24,982 (138,139) 11,380 124,441 371,195
21 Tax -
22 Profit After taxation (121,739) 24,982 (138,139) 11,380 124,441 371,195
Class-wise Analysis of Earned Premium Rs.'000 - General Insurance - 2012
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
AAIPLC AILL ANDBIPLC ATPLC CIL CILL CIPLC COICL CTL HNBAPLC JIPLC LOLCICL MBSLICL NICL PIL SLIC SSRS UAPLC OIL NITF Total
Fire 9,186 56,046 127,977 7,685 15,035 51,972 516,418 31,180 33,549 111,867 (17,649) 6,129 111,190 211,402 2,766 125,136 920 1,400,808
Marine 24,449 10,804 74,020 15,607 5,062 1,992 249,074 11,457 4,250 85,932 (6,118) 8,356 8,728 (17,720) - 59,769 1,411 537,073
Motor 434,907 144,016 1,446,849 786,224 50,341 925,439 6,327,616 823,724 1,174,171 4,042,848 854,755 589,983 2,195,967 7,118,266 161,160 2,135,046 81,798 29,293,110
WCI 4,971 8,397 19,455 4,865 1,073 782 86,800 - 3,573 - 511 - - 81,465 - 33,396 - 245,289
Miscellaneous 211,880 216,298 299,490 154,999 316,325 23,140 1,442,245 135,022 109,528 611,960 (9,878) 118,820 132,355 1,965,099 52,387 1,175,064 22,587 6,977,322
Total 685,394 435,561 1,967,791 969,379 387,837 1,003,326 8,622,153 1,001,383 - 1,325,072 4,852,607 821,620 723,289 - 2,448,240 9,358,512 216,312 3,528,411 106,715 - 38,453,602

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 4,576 71,591 111,315 9,236 3,998 35,471 442,930 30,909 31,862 92,611 1,058 45,621 206,881 5,879 47,650 3 1,141,591
Marine 9,222 9,237 69,548 15,738 92,641 1,513 266,899 10,524 5,146 70,225 2,656 8,094 133,870 - 107,362 2 802,677
Motor 240,669 100,932 1,744,260 609,413 33,533 517,642 5,613,160 581,708 1,035,090 3,545,834 50,594 349,902 1,312,591 5,739,853 112,175 1,987,683 30 23,575,071
WCI 4,449 7,623 13,311 4,177 (118) 386 54,921 - 4,689 - - - 68,526 - 32,019 - 189,983
Miscellaneous 88,661 147,364 307,297 140,433 224,997 16,229 1,404,997 105,452 85,162 524,599 34,702 111,665 1,920,732 50,110 945,674 - 6,108,075
Total 347,578 336,747 2,245,731 778,997 355,051 571,241 7,782,907 728,593 - 1,161,949 4,233,270 50,594 388,318 - 1,477,971 8,069,863 168,164 3,120,389 35 - 31,817,397
Class-wise Analysis of Earned Premium - General Insurance - 2010

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 1,228 96,193 77,803 10,377 16,021 12,977 384,804 22,164 30,327 83,180 629 7,974 299,562 5,226 49,722 1,098,186
Marine 5,810 7,885 57,221 30,924 59,629 400 221,194 9,161 4,347 53,025 2,916 944 124,253 - 96,767 674,476
Motor 195,929 71,375 1,277,150 444,385 67,181 61,955 5,295,407 425,608 769,922 3,177,982 310,692 191,685 4,305,077 91,789 1,670,751 18,356,887
WCI - 5,117 35,834 3,588 1,918 - 93,179 - 4,484 - - - 79,320 - 27,349 250,789
Miscellaneous 74,894 112,867 597,888 224,262 287,484 2,111 1,254,576 87,365 49,997 483,806 22,862 30,865 1,225,974 97,669 478,739 5,031,359
Total 277,861 293,437 2,045,896 713,535 432,233 77,443 7,249,160 544,298 - 859,077 3,797,992 - 337,098 - 231,468 6,034,186 194,684 2,323,328 - - 25,411,697

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 5,176 68,601 69,460 12,752 19,719 381,908 21,456 (2,097) 29,370 125,641 10,096 390,633 2,360 64,084 1,199,158
Marine 10,089 7,748 33,867 16,555 35,728 172,084 7,822 32 4,002 57,180 9,163 129,858 - 96,205 580,333
Motor 218,930 54,282 798,850 321,752 86,454 5,671,501 403,418 79,524 614,442 2,830,132 166,844 4,696,673 78,964 1,571,815 17,593,582
WCI - - 2,958 3,593 1,914 95,839 - - 3,844 - - 68,706 - 28,217 205,070
Miscellaneous 78,356 134,443 366,817 259,399 255,391 1,370,063 101,450 7,456 24,281 559,798 14,039 1,306,670 73,901 443,077 4,995,142
Total 312,551 265,074 1,271,952 614,051 399,206 - 7,691,395 534,146 84,916 675,939 3,572,751 - 200,142 - - 6,592,540 155,225 2,203,397 - - 24,573,284

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 15,244 36,636 104,034 25,230 8,168 266,403 18,415 512 17,764 59,149 16,853 438,753 548 61,012 1,068,721
Marine 14,121 7,828 36,397 31,383 40,200 237,355 5,565 35 2,517 60,093 17,187 146,511 - 93,583 692,776
Motor 161,626 36,989 706,275 314,517 94,667 5,617,686 276,945 56,097 505,150 2,715,434 99,494 4,588,131 79,080 1,344,582 16,596,674
WCI - - 6,185 3,116 5,352 97,916 - - 1,648 - - 341,416 - 26,083 481,716
Miscellaneous 52,623 33,783 280,423 185,317 213,757 2,225,836 85,570 14,286 14,384 333,303 83,495 963,288 77,267 441,157 5,004,489
Total 243,614 115,236 1,133,314 559,564 362,144 - 8,445,196 386,495 70,930 541,463 3,167,979 - 217,029 - - 6,478,100 156,895 1,966,417 - - 23,844,376

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 15,988 11,178 66,265 17,761 67,080 230,687 14,873 31 13,492 68,155 14,442 446,843 3,788 65,078 1,035,661
Marine 18,159 3,603 30,738 22,795 52,254 196,444 2,857 50 2,443 66,942 9,149 48,826 90,331 544,592
Motor 128,034 18,279 502,808 255,777 45,337 5,332,662 133,803 14,023 440,430 2,354,098 48,782 3,752,909 49,247 1,074,681 14,150,869
WCI - - 7,991 (116) 2,298 94,997 - - 3,150 - - 189,354 28,813 326,487
Miscellaneous 44,908 19,711 205,532 97,914 121,752 1,915,809 60,975 187 9,080 450,355 35,456 824,654 73,240 349,852 4,209,425
Total 207,089 52,771 813,334 394,131 288,721 - 7,770,598 212,508 14,291 468,595 2,939,550 - 107,830 - - 5,262,586 126,275 1,608,755 - - 20,267,035
Class-wise Analysis of Gross Written Premium - General Insurance Business
Class
2009 2010 2011 2012(a)
Fire 7,049,399 5,012,443 5,376,094 5,421,688
Marine 1,442,729 1,498,832 1,678,027 1,912,657
Motor 17,897,763 20,948,782 27,141,119 31,616,009
Miscellaneous 7,158,375 7,641,390 9,133,584 10,732,881
Total 33,548,266 35,101,447 43,328,824 49,683,236
Class
2009 2010 2011 2012(a)
Fire 3.26 (28.90) 7.25 0.85
Marine (21.01) 3.89 11.96 13.98
Motor (4.38) 17.05 29.56 16.49
Miscellaneous (0.40) 6.75 19.53 17.51
Total (22.53) (1.21) 68.30 48.83
Class
2009 2010 2011 2012(a)
Fire 21.01 14.28 12.41 10.91
Marine 4.30 4.27 3.87 3.85
Motor 53.35 59.68 62.64 63.64
Miscellaneous 21.34 21.77 21.08 21.60
Total 100 100 100 100
Industry Growth (22.53) (1.21) 68.30 48.83
Notes:
considered for insurance companies' general insurance GWP for the years 2010 to 2012.
2. Above analysis does not include NITF information since required complete information was not
submitted to the Board.
3.CTL is prohibited from engaging in insurance business since 5th August 2009. The company did
not submit audited financials for since 2010 and relevant data for the year ended 31st December
2012.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 9,186 56,046 127,977 7,685 15,035 51,972 516,418 31,180 33,549 111,867 (17,649) 6,129 111,190 211,402 2,766 125,136 920 1,400,808
Marine 24,449 10,804 74,020 15,607 5,062 1,992 249,074 11,457 4,250 85,932 (6,118) 8,356 8,728 (17,720) - 59,769 1,411 537,073
Motor 434,907 144,016 1,446,849 786,224 50,341 925,439 6,327,616 823,724 1,174,171 4,042,848 854,755 589,983 2,195,967 7,118,266 161,160 2,135,046 81,798 29,293,110
WCI 4,971 8,397 19,455 4,865 1,073 782 86,800 - 3,573 - 511 - - 81,465 - 33,396 - 245,289
Miscellaneous 211,880 216,298 299,490 154,999 316,325 23,140 1,442,245 135,022 109,528 611,960 (9,878) 118,820 132,355 1,965,099 52,387 1,175,064 22,587 6,977,322
Total 685,394 435,561 1,967,791 969,379 387,837 1,003,326 8,622,153 1,001,383 - 1,325,072 4,852,607 821,620 723,289 - 2,448,240 9,358,512 216,312 3,528,411 106,715 - 38,453,602

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 4,576 71,591 111,315 9,236 3,998 35,471 442,930 30,909 31,862 92,611 1,058 45,621 206,881 5,879 47,650 3 1,141,591
Marine 9,222 9,237 69,548 15,738 92,641 1,513 266,899 10,524 5,146 70,225 2,656 8,094 133,870 - 107,362 2 802,677
Motor 240,669 100,932 1,744,260 609,413 33,533 517,642 5,613,160 581,708 1,035,090 3,545,834 50,594 349,902 1,312,591 5,739,853 112,175 1,987,683 30 23,575,071
WCI 4,449 7,623 13,311 4,177 (118) 386 54,921 - 4,689 - - - 68,526 - 32,019 - 189,983
Miscellaneous 88,661 147,364 307,297 140,433 224,997 16,229 1,404,997 105,452 85,162 524,599 34,702 111,665 1,920,732 50,110 945,674 - 6,108,075
Total 347,578 336,747 2,245,731 778,997 355,051 571,241 7,782,907 728,593 - 1,161,949 4,233,270 50,594 388,318 - 1,477,971 8,069,863 168,164 3,120,389 35 - 31,817,397

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 1,228 96,193 77,803 10,377 16,021 12,977 384,804 22,164 30,327 83,180 629 7,974 299,562 5,226 49,722 1,098,186
Marine 5,810 7,885 57,221 30,924 59,629 400 221,194 9,161 4,347 53,025 2,916 944 124,253 - 96,767 674,476
Motor 195,929 71,375 1,277,150 444,385 67,181 61,955 5,295,407 425,608 769,922 3,177,982 310,692 191,685 4,305,077 91,789 1,670,751 18,356,887
WCI - 5,117 35,834 3,588 1,918 - 93,179 - 4,484 - - - 79,320 - 27,349 250,789
Miscellaneous 74,894 112,867 597,888 224,262 287,484 2,111 1,254,576 87,365 49,997 483,806 22,862 30,865 1,225,974 97,669 478,739 5,031,359
Total 277,861 293,437 2,045,896 713,535 432,233 77,443 7,249,160 544,298 - 859,077 3,797,992 - 337,098 - 231,468 6,034,186 194,684 2,323,328 - - 25,411,697

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 5,176 68,601 69,460 12,752 19,719 381,908 21,456 (2,097) 29,370 125,641 10,096 390,633 2,360 64,084 1,199,158
Marine 10,089 7,748 33,867 16,555 35,728 172,084 7,822 32 4,002 57,180 9,163 129,858 - 96,205 580,333
Motor 218,930 54,282 798,850 321,752 86,454 5,671,501 403,418 79,524 614,442 2,830,132 166,844 4,696,673 78,964 1,571,815 17,593,582
WCI - - 2,958 3,593 1,914 95,839 - - 3,844 - - 68,706 - 28,217 205,070
Miscellaneous 78,356 134,443 366,817 ` 255,391 1,370,063 101,450 7,456 24,281 559,798 14,039 1,306,670 73,901 443,077 4,735,743
Total 312,551 265,074 1,271,952 354,652 399,206 - 7,691,395 534,146 84,916 675,939 3,572,751 - 200,142 - - 6,592,540 155,225 2,203,397 - - 24,313,885
Net Earned Premium, Net Claims Incurred and Net Claims and Net Combined Ratio
Net Earned Premium (Rs.'000)
Class
2009 2010 2011 2012(a)
Fire 1,199,158 1,098,186 1,141,591 1,413,296
Marine 580,333 674,476 802,677 546,600
Motor 17,593,582 18,356,887 23,575,071 29,291,164
Miscellaneous 5,200,212 5,282,148 6,298,058 7,166,796
Total 24,573,285 25,411,697 31,817,397 38,417,856
Net Claims Incurred (Rs.'000)

Class
2009 2010 2011 2012(a)
Fire 953,478 529,448 482,646 379,091
Marine 221,210 216,143 232,189 343,195
Motor 11,680,229 11,733,879 15,416,753 17,963,038
Miscellaneous 4,166,757 3,091,110 4,160,145 4,583,943
Total 17,021,674 15,570,580 20,291,734 23,269,267

Class
2009 2010 2011 2012(a)
Fire 79.51 48.21 42.28 26.82
Marine 38.12 32.05 28.93 62.79
Motor 66.39 63.92 65.39 61.33
Miscellaneous 80.13 58.52 66.05 63.96
Total 69.27 61.27 63.78 60.57
2009 2010 2011 2012(a)
Net Expenses (Rs.'000) 12,907,013 10,058,322 12,105,102 14,662,230

Net Expense Ratio (%) 52.52 39.58 38.05 38.17
Net Combined Ratio (%) 121.79 100.85 101.82 98.73

Notes:
1. Strike, Riot, Civil Commotion and Terrorism (SRCC & T) premium income of NITF was
not considered for insurance companies' general insurance GWP for the years 2010 to
2012.
2. Above analysis does not include NITF information since required complete information
was not submitted to the Board.
3.CTL is prohibited from engaging in insurance business since 5th August 2009. The
company did not submit audited financials for since 2010 and relevant data for the year
ended 31st December 2012.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 9,186 56,046 127,977 7,685 15,035 51,972 516,418 31,180 33,549 111,867 (17,649) 6,129 111,190 211,402 2,766 125,136 920 1,400,808
Marine 24,449 10,804 74,020 15,607 5,062 1,992 249,074 11,457 4,250 85,932 (6,118) 8,356 8,728 (17,720) - 59,769 1,411 537,073
Motor 434,907 144,016 1,446,849 786,224 50,341 925,439 6,327,616 823,724 1,174,171 4,042,848 854,755 589,983 2,195,967 7,118,266 161,160 2,135,046 81,798 29,293,110
WCI 4,971 8,397 19,455 4,865 1,073 782 86,800 - 3,573 - 511 - - 81,465 - 33,396 - 245,289
Miscellaneous 211,880 216,298 299,490 154,999 316,325 23,140 1,442,245 135,022 109,528 611,960 (9,878) 118,820 132,355 1,965,099 52,387 1,175,064 22,587 6,977,322
Total 685,394 435,561 1,967,791 969,379 387,837 1,003,326 8,622,153 1,001,383 - 1,325,072 4,852,607 821,620 723,289 - 2,448,240 9,358,512 216,312 3,528,411 106,715 - 38,453,602

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 4,576 71,591 111,315 9,236 3,998 35,471 442,930 30,909 31,862 92,611 1,058 45,621 206,881 5,879 47,650 3 1,141,591
Marine 9,222 9,237 69,548 15,738 92,641 1,513 266,899 10,524 5,146 70,225 2,656 8,094 133,870 - 107,362 2 802,677
Motor 240,669 100,932 1,744,260 609,413 33,533 517,642 5,613,160 581,708 1,035,090 3,545,834 50,594 349,902 1,312,591 5,739,853 112,175 1,987,683 30 23,575,071
WCI 4,449 7,623 13,311 4,177 (118) 386 54,921 - 4,689 - - - 68,526 - 32,019 - 189,983
Miscellaneous 88,661 147,364 307,297 140,433 224,997 16,229 1,404,997 105,452 85,162 524,599 34,702 111,665 1,920,732 50,110 945,674 - 6,108,075
Total 347,578 336,747 2,245,731 778,997 355,051 571,241 7,782,907 728,593 - 1,161,949 4,233,270 50,594 388,318 - 1,477,971 8,069,863 168,164 3,120,389 35 - 31,817,397

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 1,228 96,193 77,803 10,377 16,021 12,977 384,804 22,164 30,327 83,180 629 7,974 299,562 5,226 49,722 1,098,186
Marine 5,810 7,885 57,221 30,924 59,629 400 221,194 9,161 4,347 53,025 2,916 944 124,253 - 96,767 674,476
Motor 195,929 71,375 1,277,150 444,385 67,181 61,955 5,295,407 425,608 769,922 3,177,982 310,692 191,685 4,305,077 91,789 1,670,751 18,356,887
WCI - 5,117 35,834 3,588 1,918 - 93,179 - 4,484 - - - 79,320 - 27,349 250,789
Miscellaneous 74,894 112,867 597,888 224,262 287,484 2,111 1,254,576 87,365 49,997 483,806 22,862 30,865 1,225,974 97,669 478,739 5,031,359
Total 277,861 293,437 2,045,896 713,535 432,233 77,443 7,249,160 544,298 - 859,077 3,797,992 - 337,098 - 231,468 6,034,186 194,684 2,323,328 - - 25,411,697

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Sub-class
Fire 5,176 68,601 69,460 12,752 19,719 381,908 21,456 (2,097) 29,370 125,641 10,096 390,633 2,360 64,084 1,199,158
Marine 10,089 7,748 33,867 16,555 35,728 172,084 7,822 32 4,002 57,180 9,163 129,858 - 96,205 580,333
Motor 218,930 54,282 798,850 321,752 86,454 5,671,501 403,418 79,524 614,442 2,830,132 166,844 4,696,673 78,964 1,571,815 17,593,582
WCI - - 2,958 3,593 1,914 95,839 - - 3,844 - - 68,706 - 28,217 205,070
Miscellaneous 78,356 134,443 366,817 259,399 255,391 1,370,063 101,450 7,456 24,281 559,798 14,039 1,306,670 73,901 443,077 4,995,142
Total 312,551 265,074 1,271,952 614,051 399,206 - 7,691,395 534,146 84,916 675,939 3,572,751 - 200,142 - - 6,592,540 155,225 2,203,397 - - 24,573,284
Gross Written Premium, Reinsurance Premium and Retention by Insurers
Gross Written Premium (Rs.'000)
Class
2009 2010 2011 2012(a)
Fire 7,049,399 5,012,443 5,376,094 5,421,688
Marine 1,442,729 1,498,832 1,678,027 1,912,657
Motor 17,897,763 20,948,782 27,141,119 31,616,009
Miscellaneous 7,158,375 7,641,390 9,133,584 10,732,881
Total Gross Written Premium 33,548,266 35,101,447 43,328,824 49,683,236
Reinsurance Premium (Rs.'000)

Class
2009 2010 2011 2012(a)
Fire 5,904,806 4,233,236 4,090,136 4,140,881
Marine 892,411 813,665 847,392 1,322,355
Motor 533,720 316,594 387,211 478,481
Miscellaneous 1,918,389 2,020,031 2,302,942 2,764,139
Total Reinsurance Premium 9,249,326 7,383,526 7,627,681 8,705,856
Retention (Rs.'000)
Class
2009 2010 2011 2012(a)
Fire 1,144,593 779,208 1,285,958 1,280,807
Marine 550,318 685,167 830,635 590,302
Motor 17,364,043 20,632,188 26,753,908 31,137,528
Miscellaneous 5,239,986 5,621,359 6,830,643 7,968,742
Total Net Written Premium 24,298,940 27,717,922 35,701,143 40,977,380
Retention as a percentage of Gross Written Premium

Class
2009 2010 2011 2012
Fire 16.24 15.55 23.92 23.62
Marine 38.14 45.71 49.50 30.86
Motor 97.02 98.49 98.57 98.49
Miscellaneous 73.20 73.56 74.79 74.25
Overall Retention Ratio % 72.43 78.97 82.40 82.48

Notes:
considered for insurance companies' general insurance GWP for the years 2010 to 2012.
2. Above analysis does not include NITF information since required complete information was
not submitted to the Board.
3.CTL is prohibited from engaging in insurance business since 5th August 2009. The company
did not submit audited financials for since 2010 and relevant data for the year ended 31st
December 2012.
Distribution Channels - GWP
GWP Rs.'000
Channel
2008 2009 2010 2011 2012
Agent 7,202,349 8,544,199 9,044,365 10,674,329 12,353,268
Brokers 7,665,579 9,191,819 10,290,699 11,493,797 13,212,326
Direct 5,860,461 7,385,548 7,424,608 10,431,946 12,210,726
Bancasurance 757,601 1,062,257 1,510,609 1,801,476 1,387,461
Others (Please specify) 8,956,253 7,336,122 9,053,131 11,093,429 12,937,322
Total 30,442,243 33,519,944 37,323,411 45,494,976 52,101,103
GWP as per P & L #REF! #REF! #REF! #REF! #REF!
Difference #REF! #REF! #REF! #REF! #REF!
Co Insurance & SRCC & TC
Premium (2,166,105) 589,411
1 AAIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 315,795 286,752 326,282 266,546 274,710
Brokers 488,967 230,502 2,973 69,522 74,466
Direct 385,630 110,909 101,410 160,681 110,595
Bancasurance - - - - -
Others (Please specify) - - - - -
Total 1,190,392 628,163 430,666 496,749 459,771
#REF! #REF! #REF! #REF! #REF!
2 AILL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent - 1,713 2,696 7,455 3,348
Brokers 419,314 380,386 554,286 472,526 252,838
Direct 629,683 711,345 493,964 403,547 184,986
Bancasurance 137,899 89,004 62,887 42,493 33,299
Others (Please specify) 335,162 318,852 355,705 248,801 126,632
Total 1,522,058 1,501,300 1,469,538 1,174,822 601,103
3 ANDBIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 1,036,361 903,768 736,854 516,177 527,036
Brokers 901,796 761,300 1,098,069 1,242,818 1,132,667
Direct 191,601 163,063 162,629 247,442 173,977
Bancasurance 270,565 863,806 849,253 497,191 211,571
Others (Please specify)
Total 2,400,323 2,691,937 2,846,804 2,503,628 2,045,252
4 ATPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 22,255 7,545 48,553 148,837 173,867
Brokers 112,598 52,971 91,775 68,298 54,041
Direct 1,059,033 904,787 792,865 736,664 607,279
Others (Please specify) -
Total 1,193,887 965,302 933,192 953,798 835,187
5 CIL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 7,563 12,856 14,860 23,893 51,815
Brokers 317,327 353,710 424,704 460,715 541,235
Direct 351,389 382,270 297,805 237,901 175,897
Bancasurance 83,082 69,848 47,295 46,340 29,454
Total 838,374 975,789 967,021 879,285 932,729
6 CILL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 12,938 30,051 2,776
Brokers 469,394 521,816 260,669
Direct 338,655 674,177 177,566
Bancasurance - - -
Others (Please specify) 821,684 - -
Total 1,642,671 1,226,045 441,011 - -
#REF! #REF! - - -
#REF! #REF! 441,011 - -
7 CIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 1,502,781 1,405,770 1,106,953 1,180,569 1,354,468
Brokers 854,321 803,297 553,476 454,065 677,234
Direct 1,971,452 1,807,418 1,752,676 1,997,885 2,144,574
Bancasurance
Others (Please specify) 6,765,029 6,024,727 5,811,503 5,448,778 7,110,957
Total 11,093,583 10,041,212 9,224,608 9,081,297 11,287,233
8 COICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 924,515 734,543 478,910 466,812 440,730
Brokers 230,432 126,375 95,813 110,915 81,719
Direct 1,965 77,197 42,198 18,456
Bancasurance
Total 1,156,912 938,115 616,921 596,183 522,449
9 CTL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
10 HNBAPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 189,229 169,851 121,626 73,613 113,630
Brokers 437,134 433,181 359,794 332,887 138,113
Direct 349,577 366,292 311,188 248,048 189,689
Bancasurance 735,264 725,020 551,095 476,233 483,277
Total 1,711,204 1,694,344 1,343,703 1,130,781 924,709
11 JIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 2,152,066 1,135,642 1,626,586 1,595,825
Brokers 1,808,224 1,710,486 1,498,348 1,377,283
Direct 1,999,838 2,410,283 1,347,321 1,299,818
Bancasurance
Total 5,960,127 5,256,411 4,472,255 4,272,926 -
12 NICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
- -
- - - - -
13 LOLCICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent - -
Brokers 218,627 54,692
Direct 1,095,090 310,044
Bancasurance 380 -
Others (Please specify) - -
Total 1,314,097 364,735 - - -
#REF! #REF!
#REF! 364,735 - - #REF!
14 MBSLICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 280,016 211,697 33,258 27,111 91,630
Brokers 269,573 214,728 14,254 54,262 92,942
Direct 16,868 28,977 42,761 35,290 12,542
Bancasurance
Total 1,079,639 679,972 475,117 271,309 294,317
15 PIL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent - - - - -
Brokers 1,497 1,680 - - -
Direct 477,412 402,062 41,272 - -
Others (Please specify) 2,465,578 2,011,046 891,880 - -
Total 2,944,487 2,414,788 933,152 - -
#REF! #REF! - #REF! #REF!
#REF! #REF! 933,152 #REF! #REF!
16 SLICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 4,580,472 4,755,551 3,787,827 3,448,054 3,508,570
Brokers 4,886,706 4,188,093 3,830,538 3,325,311 3,464,323
Direct 2,027,568 1,384,143 904,353 1,127,714 1,117,819
Bancasurance 160,260 53,798 79 - -
Others (Please specify) 1,148,484 1,240,534 743,841 863,461 1,050,134
Total 12,803,491 11,622,119 9,266,638 8,764,539 9,140,845
17 SSRS
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 56,310 45,119 176,186 138,307 162,309
Brokers 316 80
Direct 49,700 87,580 58,729 46,102 54,103
Bancasurance 11
Others (Please specify) 190,688 99,595
Total 297,025 232,374 234,915 184,409 216,412
#REF! #REF!
#REF! 232,374 234,915 184,409 #REF!
18 UAPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 1,102,617 973,000 581,000 651,000 500,236
Brokers 1,692,829 1,659,549 1,506,000 1,223,218 1,156,000
Direct 1,212,080 611,000 897,870 826,000 1,089,000
Others (Please specify) 618,502 1,017,000 683,000 510,000 437,000
Total 4,626,028 4,260,549 3,667,870 3,210,218 3,182,236
19 OIL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 170,349 470
Brokers 103,271 952
Direct 53,185 398
Bancasurance - -
Others (Please specify) - -
Total 326,805 1,821 - - -
#REF!
20 NITF
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
34. Number of Life Insurance Policies in Force
Insurer 2017 2018 2019 2020 (b) 2021 (b)

AIA Life 284,824 285,037 288,901 291,415 300,568
Allianz Life 34,988 37,475 40,721 40,844 41,873
Amana Life 16,826 15,318 14,795 12,909 13,946
Arpico 17,105 20,598 24,109 26,760 30,137
Ceylinco Life 938,936 908,973 884,139 865,562 870,519
Cooplife 49,358 35,192 34,032 42,168 43,522
HNB Life 143,933 147,234 150,689 148,809 158,202
Janashakthi Life 257,202 257,960 247,429 229,457 208,424
LIC 28,296 28,436 30,589 30,816 30,608
LOLC Life 180,047 218,321 259,735 287,187 299,847
MBSL 20,058 17,692 16,571 13,172 11,126
Sanasa Life 161,562 154,618 142,977 137,259 131,419
SLIC 532,840 511,763 500,409 1,037,559 1,097,234
Softlogic Life 130,151 311,873 500,374 649,986 794,870
Union Life 272,740 248,864 247,820 249,665 265,499
Total 3,068,866 3,199,354 3,383,290 4,063,568 4,297,794
181
35. Total New Businesses - Long Term Insurance Buisness
INDUSTRY
GWP
No of Policies Sum Assured Total - Unit Linked
Year Participating Non participating Total
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 873,762 1,772,127,653 3,396,885 36,517,495 291,431 40,205,811
2020 904,224 1,525,580,069 2,094,139 28,463,447 216,820 30,774,407
AIA Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 56,481 78,078,378 4,162,667 30,437 4,193,104
2020 49,873 77,548,408 3,150,467 30,684 3,181,151
Allianz Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 10,936 42,359,361 581,267 37,434 618,701
2020 9,107 27,182,542 390,626 30,313 420,939
Amana Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 4,969 7,919,335 16,326 223,559 239,885
2020 4,279 5,426,170 5,672 155,823 161,496
182
Total New Businesses - Long Term Insurance Buisness (Cont..)
Arpico
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 22,186 12,094,096 1,299,628 1,299,628
2020 19,232 12,199,767 935,566 935,566
Ceylinco Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 115,868 60,349,877 146,857 790,811 937,668
2020 108,866 69,298,706 131,370 603,343 734,714
Cooplife
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 5,392 3,642,828 1,834 199,460 201,294
2020 6,179 2,779,224 6,024 253,111 259,135
HNB Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 34,371 75,884,940 6,362 2,789,353 2,795,715
2020 24,635 39,708,515 10,191 1,940,386 1,950,577
183
Janashakthi Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 30,096 90,761,164 2,931,618 2,931,618
2020 16,092 61,791,484 1,799,760 1,799,760
LIC
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 6,249 1,454,394 379,935 376,818 756,753
2020 5,582 1,642,627 165,986 315,729 481,715
LOLC Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 88,783 176,696,755 3,136,723 3,136,723
2020 94,528 138,164,773 2,268,301 2,268,301
184
MBSL
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 -
2020 38 14,121 - 111 111
Sanasa Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 25,971 12,037,417 722 707,010 707,732
2020 35,577 13,924,499 338,992 338,992
SLIC
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2,021 170,624 296,516,511 1,481,424 6,333,841 7,815,265
2,020 213,603 372,093,829 905,722 5,699,313 6,605,035
Softlogic Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 237,453 834,190,629 1,379,752 9,432,391 10,812,143
2020 262,605 624,495,453 874,846 7,699,284 8,574,130
Union Life
GWP
Business
# Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
2021 64,383 80,141,968 3,759,582 3,759,582
2020 54,028 79,309,952 3,062,786 3,062,786
185
New Business - Long Term Insurance Business
Total Insurance Industry
Premium - (Rs. '000)
Contracts for
the granting of Capital
Year No of Policies Linked long disability and Permanent
Life Insurance Annuities Redemption Pension policies Total
term multiple health
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 514,472 13,879,603 1,943,913 246,385 1,240,117 - 13,913 1,746 17,325,676
2011 526,023 10,855,730 2,991,409 176,329 1,015,245 - 10,722 2,561 15,051,996
2010 516,139 8,595,701 2,186,148 143,053 630,302 - 398 1,700 11,557,302
2009 468,317 6,504,465 397,054 102,278 510,352 - 343 2,061 7,516,553
1 AIA
Contracts for
Life Insurance Annuities redemption Pension policies Total
term multiple health*
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 65,608 806,424 986,539 - 348,958 2,141,921
2011 55,158 473,251 2,228,585 - 226,596 2,928,432
2010 64,078 477,366 1,837,271 - 290,036 2,604,673
2009 57,369 414,141 395,503 - 264,688 1,074,332
2 Allianz Life
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 11,666 215,736 - - - - - - 215,736
2011 8,705 151,998 - - - - - - 151,998
2010 6,562 108,700 108,700
2009 5,885 84,783 84,783
3 Amana Takaful
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 3,927 28,471 109,190 6,353 144,014
2011 2,783 39,671 59,436 3,065 102,172
2010 3,077 59,527 - - - - 398 - 59,925
2009 3,112 34,317 - - - - 343 - 34,660
4 Arpico
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 3,110 100,280 100,280
2011 -
2010 -
2009 -
5 Asian Alliance
Contracts for
term multiple health
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 13,531 2,018,927 2,018,927
2011 12,132 1,574,299 1,574,299
2010 11,415 233,320 233,320
2009 10,082 155,482 155,482
6 Ceylinco
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 154,197 3,718,771 9,796 3,728,567
2011 143,436 2,089,692 8,118 2,097,809
2010 157,682 3,030,784 1,574 - 3,032,358
2009 163,049 2,299,029 1,551 2,300,580
2008 197,245 3,205,468 77,000 3,282,468
7 Cooperative
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 10,913 56,645 56,645
2011 11,600 52,837 52,837
2010 12,901 68,517 68,517
2009 10,213 39,699 39,699
2008 8,396 37,946 37,946
8 HNBA
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 24,562 438,952 - - - - - - 438,952
2011 28,104 431,974 - - - - - - 431,974
2010 25,501 640,271 - - - - - - 640,271
2009 23,980 645,359 - - - - - - 645,359
2008 27,708 628,233 - - - - - - 628,233
9 Janashakthi
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013
2012 29,929 718,514 1,746 720,260
2011 46,690 774,783 2,561 777,344
2010 45,721 690,394 1,700 692,094
2009 53,402 501,689 2,061 503,750
2008 95,111 624,150 3,567 627,717
10 LIC
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 6,447 301,721 301,721

2011 5,030 295,855 295,855
2010 3,417 49,466 49,466
2009 4,291 43,481 43,481
2008 8,831 40,773 40,773
11 LOLC
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 801 106,238 - - - - - - 106,238
2011 81 51,427 - - - - - - 51,427
2010 - - - - - - - - -
2009 - - - - - - - - -
2008 - - - - - - - - -
12 MBSL
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013
2012 8,217 52,801 7,560 60,361
2011 6,467 32,203 7,657 39,860
2010 6,322 30,723 30,723
2009 3,122 14,976 14,976
2008 3,256 12,923 12,923
13 Sanasa
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 41,195 161,000 161,000
2011 45,290 97,333 97,333
2010 12,555 37,074 37,074
2009 10,546 21,084 21,084
2008 8,503 22,272 22,272
14 SLIC
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 66,733 1,787,728 237,002 2,024,730
2011 81,956 1,813,335 165,694 1,979,029
2010 91,081 1,644,220 135,763 1,779,983
2009 67,045 998,878 94,450 1,093,328
2008 77,163 1,112,754 110,561 1,223,315
15 UAL
Contracts for
policies
indemnity,
accident and
sickness
benefits
2013 -
2012 73,636 3,367,394 838,388 9,383 891,159 - - - 5,106,324
2011 78,591 2,977,073 695,270 10,635 788,649 - - - 4,471,627
2010 75,827 1,525,339 347,303 7,290 340,266 - - - 2,220,198
2009 56,221 1,251,547 - 7,828 245,664 - - - 1,505,039
2008 58,510 1,181,961 - 6,834 243,634 - - - 1,432,429
Distribution Channels - % Contribution to GWP of Long Term Insurance Business
GWP Rs.'000
Channel
2008 2009 2010 2011 2012
Agent 94.26 92.96 86.05 90.21 92.74
Brokers 0.91 0.69 0.83 0.76 0.52
Direct 1.40 1.73 4.73 4.50 4.84
Bancasurance 1.71 2.74 7.92 4.42 1.90
Others 1.71 1.88 0.48 0.11 -
Total 100 100 100 100 100
Distribution Channels - GWP
GWP Rs.'000
Channel
2008 2009 2010 2011 2012
Agent 18,449,245 18,224,434 23,824,769 31,717,958 34,748,336
Brokers 178,306 135,759 229,136 267,931 195,753
Direct 274,727 339,401 1,309,377 1,580,960 1,813,710
Bancasurance 335,579 536,891 2,191,620 1,555,351 710,822
Others (Please specify) 334,231 368,628 131,974 39,650 -
Total 19,572,088 19,605,114 27,686,876 35,161,849 37,468,622
As reported in P & L #REF! #REF! #REF! #REF! #REF!
Differences #REF! #REF! #REF! #REF! #REF!
1 AAIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 2,007,578 1,557,955 1,221,053 994,147 951,912
Brokers 15,586 13,476 17,298 13,439 16,694
Direct 10,920 7,759 4,257 1,444 1,471
Bancasurance
Total 2,034,084 1,579,191 1,242,608 1,009,031 970,077
2 ALILL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 516,210 333,591 200,073 96,459 4,013
Brokers 994 4,651 2,032 4,442 -
Direct 8,518 - - - -
Bancasurance 6,420 13,057 2,709 915 -
Total 532,142 351,299 204,814 101,816 4,013
3 ANDBIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 6,026,739 6,551,868 5,603,660 3,789,518 3,744,908
Brokers 57,747 37,023 37,215 29,076 29,881
Direct 243,644 137,496 - - -
Bancasurance 167,733 1,120,059 2,011,076 445,268 233,198
Others (Please specify) 131,974 368,628 334,231
Total 6,495,863 7,846,447 7,783,925 4,632,490 4,342,218
4 ATPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 343,192 283,668 220,784 193,284 176,147
Brokers - - - - -
Direct 10,374 20,119 19,371 13,813 12,529
Bancasurance 6,353 - - - -
Total 359,919 303,786 240,156 207,097 188,676
5 LICLL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 272,939 271,783 233,610
Brokers 21,567 16,724 13,308
Direct 7,216 7,349 5,744
Bancasurance
Total 301,722 295,856 252,662 - -
6 CILL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
7 CIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 10,829,470 9,815,943 8,786,121 7,522,328 8,257,279
Brokers
Direct
Bancasurance
Total 10,829,470 9,815,943 8,786,121 7,522,328 8,257,279
8 COICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 310,757 266,811 231,120 147,259 126,881
Brokers - - - - -
Direct 1,299 2,767 2,420 2,142 4,123
Bancasurance
Total 312,056 269,579 233,540 149,401 131,004
9 CTL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
10 HNBAPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 1,175,284 972,718 805,127 809,947 778,162
Brokers 6,340 10,868 5,678 2,179 1,325
Direct 46,819 39,734 115,903 83,872 34,936
Bancasurance 271,585 267,047 157,772 88,868 99,747
Total 1,500,028 1,290,367 1,084,480 984,866 914,170
11 JIPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 1,116,287 1,031,496 950,608
Brokers 55,085 109,318 108,564
Direct 853,703 695,137 615,659
Bancasurance 36,035 10,578
Total 2,025,075 1,871,986 1,685,409 - -
12 NICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
13 LOLCICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct 106,238 51,427
Bancasurance
Total 106,238 51,427 - - -
14 MBSLICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 190,495 141,767 33,258 27,111 91,630
Brokers 2,142 1,256 14,254 54,262 92,942
Direct 143 133 42,761 35,290 12,542
Bancasurance
Total 192,780 143,156 90,272 116,663 197,115
15 PIL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
16 SLICL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 6,751,106 6,090,745 5,473,628 4,588,974 4,255,658
Brokers 35,786 29,684 30,787 32,361 37,463
Direct 483,583 589,981 495,959 196,684 202,164
Bancasurance 98,552 32,662 9,485 1,840 2,634
Total 7,369,027 6,743,072 6,009,859 4,819,859 4,497,919
17 SSRS
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 183,255 115,302 65,727 55,407 62,655
Brokers
Direct 20,361 12,811 7,303 6,156 6,962
Bancasurance
Total 203,616 128,113 73,030 61,563 69,617
18 UAPLC
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 4,929,736 4,284,310
Brokers 506 44,930
Direct 15,902 16,247
Bancasurance 160,179 86,490
Others (Please specify) 39,650
Total 5,106,323 4,471,627 - - -
19 AIL
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent 95,290
Brokers
Direct 4,990
Bancasurance
Total 100,280 - - - -
20 NITF
GWP Rs.'000
Channel
2012 2011 2010 2009 2008
Agent
Brokers
Direct
Bancasurance
Total - - - - -
SRCC & TC Premium
2012
Insurer
Fire Marine Motor WCI MISC Total
1 AAIPLC 47,398 100 - 2,400 7,253 37,845

2 AILL 108,204 114 3,366 7,850 97,102
3 ANDBIPLC 164,566 660 39,701 0 19,090 106,435
4 ATPLC 29,178 - 26,767 1,265 4,922 (3,776)
5 CIL 13,198 419 5,309 7,469
6 CILL 32,229 - 16,762 200 2,257 13,009
7 CIPLC 400,850 780 76,000 990 107,680 215,400
8 COICL 7,985 175 12,295 0 910 (5,394)
9 CTL -
10 HNBAPLC 67,417 71 735 7,676 58,935
11 JIPLC 146,865 3,295 0 0 36,538 107,032
12 MBSLICL 13,622 1,420 12,900 2,550 (3,247)
13 NICL -
14 LOLCICL 11,414 220 609 1,651 8,933
15 PIL 106,512 0 41,136 0 1,391 63,985
16 SLICL 283,312 1,926 122,829 8,926 27,411 122,219
17 SSRS - 0 0 0 0 -
18 UAPLC 148,673 1,926 0 11,149 28,633 106,965
19 OIL 11,168 0 3,442 3,648 4,078
20 NITF -
Total 1,592,591 8,939 352,252 29,641 264,769 936,990
SRCC & TC Premium

2011
Insurer
Fire Marine Motor WCI MISC Total
1 AAIPLC 31,030 317 7,282 (38,629)

2 AILL 100,437 296 3,583 6,741 (111,057)
3 ANDBIPLC 137,920 728 36,457 28,233 (203,338)
4 ATPLC 23,488 5 16,885 813 4,532 (45,724)
5 CIL 24,808 1,071 7,009 (32,888)
6 CILL 22,673 0 14,446 483 2,265 (39,867)
7 CIPLC 318,121 530 102,277 0 43,764 (464,692)
8 COICL 7,454 71 6,670 0 1,060 (15,256)
9 CTL -
10 HNBAPLC 62,030 44 415 8,025 (70,514)
11 JIPLC 134,297 3,314 0 0 32,592 (170,203)
12 MBSLICL 13,868 13,869 13,870 0 1,627 (43,233)
13 NICL -
14 LOLCICL 0 -
15 PIL 92,256 0 32,829 0 4,216 (129,301)
16 SLICL 283,488 299 65,070 31,068 (379,925)
17 SSRS 0 0 0 0 0 -
18 UAPLC 165,228 1,688 0 11,493 26,697 (205,106)
19 OIL 39 2 30 1 (72)
20 NITF -
Total 1,417,137 21,164 289,605 16,787 205,112 (1,949,805)
Co Insurance Outward
2012
Insurer
Fire Marine Motor WCI MISC
Total
1 AAIPLC -
2 AILL (4,775) (294) (327) (5,396)
3 ANDBIPLC (24,479) (2,182) (1,695) (4,673) (33,030)
4 ATPLC (1,587) (335) (3,984) (5,905)
5 CIL - - - - - -
6 CILL (41,423) (208) (1,709) (2,657) (45,997)
7 CIPLC (68,789) (760) (934) - (1,883) (72,366)
8 COICL (292) (240) (532)
9 CTL -
10 HNBAPLC - - - - - -
11 JIPLC -
12 MBSLICL - - - - - -
13 LOLCICL (5,070) - - - - (5,070)
14 PIL - - - - - -
15 SLICL (163,677) (4,913) (10,693) (179,283)
16 SSRS - - - - - -
17 UAPLC - - - - - -
18 OIL - - - - - -
Total (310,092) (8,691) (2,869) (1,709) (24,217) (347,579)
Co Insurance Outward
2011
Insurer
Fire Marine Motor WCI MISC
Total
1 AAIPLC (5,894) (44) (1,339) (7,277)
2 AILL (9,781) (1,056) (10,837)
3 ANDBIPLC (17,206) (15,003) (32,209)
4 ATPLC (404) (95) (457) (1,867) (2,823)
5 CIL - - - - - -
6 CILL (31,661) (1,151) (4,246) (37,058)
7 CIPLC (15,485) (88) (118) - (1,887) (17,578)
8 COICL -
9 CTL -
10 HNBAPLC - - - - - -
11 JIPLC -
12 MBSLICL - - - - - -
14 LOLCICL -
15 PIL (909) - - - - (909)
16 SLICL (91,085) (16,526) (107,611)
17 SSRS - - - - - -
18 UAPLC - - - - - -
19 OIL - - - - - -
Total (172,424) (227) (575) (1,151) (41,923) (216,301)
37. Number of Life Insurance Benefits
Industry
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 128,266 153,856 130,723 153,491 157,176
Death 11,247 11,935 12,958 12,105 14,454
Disability Benefits 10,749 10,737 12,251 11,036 13,986
Surrenders 47,191 70,412 75,988 155,718 126,686
Other benefits 44,754 166,745 205,076 173,183 232,373
Total 342,905 413,685 436,996 505,533 544,675
Arpico
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 101 84 366 313 624
Death 28 59 73 91 38
Disability Benefits 2 - -
Surrenders 153 435 775 1,083 1,442
Others 626 934 502 1,072 2,352
Total 910 1,512 1,716 2,559 4,456
Allianz Life
2017 2018 2019 2020 (a) 2021 (b)
Death 56 54 136 196 110
Disability Benefits 64 13 248 193 198
Surrenders 379 587 760 709 986
Others 2,178 970 2,203 1,445 2,268
Total 2,709 1,655 3,391 2,604 3,631
190
Number of Life Insurance Benefits (Cont..)
AIA Life
2017 2018 2019 2020 (a) 2021 (b)
Death 377 359 857 674 781
Disability Benefits 98 7,413 7,656 6,635 10,198
Surrenders 9,159 8,301 8,073 6,428 8,278
Others 6,694 5,673 3,852 3,791 3,065
Total 21,230 26,384 25,842 23,519 27,662
Amana Life
2017 2018 2019 2020 (a) 2021 (b)
Death 19 16 21 17 27
Disability Benefits 2 2 - -
Surrenders 1,163 1,845 2,430 1,733 1,422
Others 2,363 1,829 1,356
Total 1,267 2,069 4,965 3,726 2,947
Ceylinco Life
2017 2018 2019 2020 (a) 2021 (b)
Death 1,862 1,710 1,747 1,692 2,655
Surrenders 11,176 19,413 16,628 12,979 11,983
Others 68,781 68,902 76,311 76,311 58,181
Total 107,374 125,229 128,345 138,627 121,044
191
Cooplife
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 369 815 911 1,359 721
Death 87 88 627 2,047 661
Surrenders 464 525 400 352 610
Others 3,059 2,793 3,083 3,664 3,878
Total 4,013 4,264 5,069 7,464 5,924
HNB Life
2017 2018 2019 2020 (a) 2021 (b)
Death 979 226 260 225 292
Surrenders 1,951 2,521 3,063 2,626 3,396
Others 6,066 3,722 7,409 5,247 7,737
Total 10,007 8,826 14,014 12,451 17,042
Janashakthi
2017 2018 2019 2020 (a) 2021 (b)
Death 743 1,312 1,118 897 758
Surrenders 3,922 5,131 4,967 3,930 4,301
Others 14,474 17,804 19,267 15,904 14,765
Total 26,394 31,347 33,180 32,493 31,581
192
LIC
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 257 1,046 1,706 2,288 2,749
Death 33 35 32 32 33
Disability Benefits - -
Surrenders 228 168 155 215 298
Others (Please Specify) 2,823 1,260 956 1,118 1,635
Total 3,341 2,509 2,849 3,653 4,715
LOLC Life
2017 2018 2019 2020 (a) 2021 (b)
Death 3,313 3,727 2,869 1,985 2,015
Disability Benefits 114 183 171 1,160 339
Surrenders 354 743 1,660 4,557 5,891
Others 1,023 999 1,298 318 13,843
Total 4,805 5,828 6,345 8,049 22,104
MBSL
2017 2018 2019 2020 (a) 2021 (b)
Death 54 22 16 20 155
Disability Benefits 2 3 3 -
Surrenders 267 239 351 246 230
Others 295 -
Total 630 309 455 310 475
193
SLIC
2017 2018 2019 2020 (a) 2021 (b)
Death 2,298 2,630 2,775 2,037 2,878
Surrenders 8,544 16,202 23,060 65,602 45,367
Others 13,539 13,127 16,566 11,493 14,817
Total 94,633 107,007 107,305 146,311 134,338
Sanasa Life
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 3,044 5,313 1,591 425 1,537
Death 221 206 171 330 190
Surrenders 332 70 61 90 166
Others 415 141 454 238 1,067
Total 4,126 5,736 2,307 1,098 2,972
Softlogic Life
2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 852 875 927 970 1,060
Death 193 405 892 1,092 3,120
Surrenders 1,476 1,587 1,389 45,334 30,889
Others 22,859 39,708 67,322 44,753 67,271
Total 25,397 42,607 70,556 92,168 102,368
Union Life
2017 2018 2019 2020 (a) 2021 (b)
Death 984 1,086 1,364 770 741
Disability Benefits 7,263 73 969 80 48
Surrenders 7,623 12,645 12,216 9,834 11,427
Others 2,620 10,712 3,490 6,000 40,138
Total 36,069 48,403 30,657 30,501 63,416
194
36. Life Insurance Benefits
Industry (All Figures in Rs. '000)

2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 14,393,605 18,343,285 18,485,420 21,702,672 22,428,031
Death 2,106,087 2,842,975 2,991,518 2,646,833 6,195,906
Surrenders 5,530,517 7,004,688 7,141,731 6,951,596 8,173,793
Others 3,704,469 5,240,493 5,788,922 5,902,183 8,389,628
Total 26,371,149 34,416,364 35,139,394 37,909,171 46,112,792
Arpico
2017 2018 2019 2020 (a) 2021 (b)
Death 2,683 11,652 34,937 6,657 14,282
Disability Benefits 1,652 - -
Surrenders 28,361 87,638 155,272 234,777 354,406
Others 45,017 46,454 35,115 35,562 57,555
Total 117,742 168,947 298,735 395,053 573,139
Allianz Life
2017 2018 2019 2020 (a) 2021 (b)
Death 32,953 49,462 56,558 63,484 82,703
Surrenders 65,852 159,960 169,915 153,653 220,793
Others 20,959 57,887 59,571 55,935 80,285.68
Total 125,912 276,783 312,376 310,813 414,115
186
Life Insurance Benefits (Cont..)
AIA Insurance (All Figures in Rs. '000)

2017 2018 2019 2020 (a) 2021 (b)
Death 180,935 228,663 190,993 161,339 312,724
Surrenders 2,288,672 2,107,294 1,769,344 1,227,993 1,117,723
Others 1,215,044 1,698,557 1,279,671 1,160,240 1,149,403
Total 5,225,181 5,808,813 4,784,528 4,453,740 4,771,809
Amana Life
2017 2018 2019 2020 (a) 2021 (b)
Death 14,587 34,445 15,194 8,495 12,374
Disability Benefits 3,750 380 - -
Surrenders 295,398 399,762 402,547 299,283 228,018
Others 93,253 79,872 134,155 105,797 174,526
Total 423,475 565,824 591,895 447,220 437,863
Ceylinco Life
2017 2018 2019 2020 (a) 2021 (b)
Death 283,843 320,946 308,286 543,652 1,249,714
Surrenders 1,127,385 1,718,132 1,648,033 1,443,211 1,722,197
Others 1,178,124 1,208,022 1,321,943 1,319,637 1,154,553
Total 6,884,013 9,997,299 10,604,066 12,266,513 12,736,308
Cooplife
2017 2018 2019 2020 (a) 2021 (b)
Death 17,883 18,189 32,913 59,954 34,462
Surrenders 35,904 41,378 35,020 15,357 31,828
Others 25,423 22,671 19,059 39,654 52,380
Total 108,985 222,429 210,010 331,219 250,474
187
HNB Life (All Figures in Rs. '000)

2017 2018 2019 2020 (a) 2021 (b)
Maturity Benefits 221,437 709,271 852,150 955,802 1,001,758
Death 122,938 101,060 93,030 73,909 90,168
Disability Benefits 1,483 8,556 2,402 809 2,588
Surrenders 171,723 195,806 269,697 290,293 392,077
Others 57,970 91,927 107,865 107,535 152,313
Total 575,551 1,106,620 1,325,144 1,428,348 1,638,904
Janashakthi Life
2017 2018 2019 2020 (a) 2021 (b)
Death 268,312 353,207 246,338 237,178 396,504
Surrenders 288,534 464,257 477,193 430,556 448,223
Others 326,428 220,111 335,608 238,068 465,287
Total 1,177,997 1,565,587 1,864,889 1,756,282 2,156,862
LIC
2017 2018 2019 2020 (a) 2021 (b)
Death 9,605 7,123 6,534 16,342 4,686
Disability Benefits - - -
Surrenders 16,567 19,643 31,671 21,972 47,964
Others 59,442 79,385 97,976 102,343 399,878
Total 174,875 300,526 474,635 618,167 883,361
LOLC Life
2017 2018 2019 2020 (a) 2021 (b)
Death 274,251 335,713 323,531 305,363 369,211
Surrenders 8,212 33,434 93,859 166,595 238,797
Others 12,036 12,633 15,183 21,718 240,987
Total 313,849 477,041 613,046 567,466 898,387
188
MBSL (All Figures in Rs. '000)

2017 2018 2019 2020 (a) 2021 (b)
Death 6,684 6,632 2,648 1,944 21,297
Disability Benefits 3,340 354 1,176 547 -
Surrenders 13,461 12,904 17,872 10,998 14,289
Others 1,757 - - -
Total 27,041 25,012 33,125 18,746 48,381
SLIC
2017 2018 2019 2020 (a) 2021 (b)
Death 644,262 953,621 928,547 788,449 1,589,340
Surrenders 446,390 627,908 609,109 762,006 1,327,787
Others 184,693 217,972 197,797 190,476 223,756
Total 6,997,035 7,844,403 7,333,265 7,986,076 9,977,589
Sanasa Life
2017 2018 2019 2020 (a) 2021 (b)
Death 54,983 49,551 39,279 30,611 44,079
Surrenders 2,895 1,448 1,490 1,705 9,718
Others 5,994 1,084 8,787 4,006 134,743
Total 299,450 367,474 152,405 95,214 358,498
Softlogic Life
2017 2018 2019 2020 (a) 2021 (b)
Death 99,519 230,872 508,066 348,593 1,620,565
Surrenders 234,781 272,023 289,349 882,100 626,403
Others 441,156 1,334,600 1,705,893 1,937,046 3,231,075
Total 1,222,500 2,339,005 2,872,925 3,545,807 5,965,164
Union Life
2017 2018 2019 2020 (a) 2021 (b)
Death 92,648 141,840 204,664 862 353,796
Surrenders 506,382 863,101 1,171,361 1,011,095 1,393,569
Others 13,366 169,319 470,299 584,164 872,887
Total 2,673,733 3,350,600 3,668,351 3,688,507 5,001,938
189
Incurred Life Insurance Benefits (Rs. '000)
Total Insurance Industry 2008 2009 2010 2011(a) 2012(b)

Death 823,764 1,150,731 1,074,407 678,052 900,735
Surrenders 1,212,675 2,132,234 2,244,239 2,225,293 2,841,859
Others 1,112,354 1,273,364 1,776,754 1,330,556 1,757,445
Total 7,781,444 9,462,205 11,641,852 10,582,498 13,490,095
1 AIA 2008 2009 2010 2011(a) 2012(b)

Death 84,466 70,667 108,311 106,984 88,354
Surrenders 567,453 1,010,499 1,470,340 1,396,805 1,677,274
Others 241,462 209,586 258,817 275,509 570,269
Total 1,435,078 1,758,839 2,504,366 2,468,068 3,163,294
2 Allianz Life 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits - - - - -
Death - 2,275 3,225 4,975
Disability Benefits - - 9 - 381
Surrenders - - - - 857
Others - 3,283 3,431 9,387 9,664
Total - 3,283 5,715 12,612 15,877
3 Amana Takaful 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits - 5,081 3,086 8,947 5,840
Death 397 981 986 4,355 1,250
Disability Benefits - - - - -
Surrenders 27,468 31,899 31,659 31,559 44,103
Others 23,509 31,668 34,851 38,501 31,282
Total 51,374 69,630 70,583 83,361 82,476
4 Arpico 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits
Death 100
Disability Benefits
Surrenders
Others 2,995
Total - - - - 3,095
5 Asian Alliance 2008 2009 2010 2011(a) 2012(b)

Death
Disability Benefits
Surrenders 7,433 35,545 40,603 28,118 29,671
Others 38,970 50,307 60,246 75,499 84,337
Total 48,902 87,529 103,076 123,546 143,117
6 Ceylinco 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits 894,617 855,417 1,248,352 1,444,870 2,280,137
Death 327,946 374,563 365,363 297,454 345,038
Disability Benefits -
Surrenders 263,428 745,398 337,556 420,341 544,571
Others 627,103 722,899 734,089 783,629 821,135
Total 2,113,094 2,698,277 2,685,360 2,946,294 3,990,881
7 Cooperative 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits 227 2,144 4,972 5,183 7,448
Death 4,696 3,928 7,693 4,004 9,116
Disability Benefits 585 1,547 - 1,144 1,483
Surrenders 576 762 2,145 3,962 11,836
Others 3,070 3,502 4,358 2,914 6,249
Total 9,154 11,883 19,168 17,208 36,133
8 HNBA 2008 2009 2010 2011(a) 2012(b)

Death 19,437 35,295 32,509 28,185 55,294
Disability Benefits 1,395 391 649 1,015 3,025
Surrenders 16,089 26,022 14,129 17,818 44,099
Others 8,826 11,369 14,877 8,359 33,886
Total 51,680 79,623 76,864 62,761 261,770
9 Janashakthi 2008 2009 2010 2011(a) 2012(b)

Maturity benefi
Maturity Benefits 59,828 59,820 175,377 168,855 158,067 not mentioned
Death 136,558 161,358 108,073 110,877 111,405 company data.
Disability Benefits
Surrenders 23,090 - 25,802 25,109 52,329
Others 74,754 85,249 128,550 120,444 110,752
Total 294,230 306,427 437,803 425,285 432,554
10 LIC 2008 2009 2010 2011(a) 2012(b)

Death 11,732 16,381 6,447 6,430 7,039
Disability Benefits
Surrenders 19,918 1,570 2,878 7,589 36,679
Others 11 120
Total 50,920 48,136 60,595 89,772 99,319
11 LOLC 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits
Death 554 2,999
Disability Benefits - 21
Surrenders
Others
Total - - - 554 3,020
12 MBSL 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits
Death 814 2,920 585 3,912 4,026
Surrenders - 427 359 491 1,362
Others
Total 815 3,447 1,012 4,463 5,463
13 Sanasa 2008 2009 2010 2011(a) 2012(b)

Maturity Benefits
Death 1,009 1,428 3,360 6,169 19,925
Disability Benefits 971
Surrenders 26 143 663 1,070 774
Others 1,000 1,000
Total 1,035 1,571 4,023 8,239 22,670
14 SLIC 2008 2009 2010 2011(a) 2012(b)

Death 127,431 357,674 313,812 (50,859) (14,825)
Disability Benefits (7,572) 14,910 1,811 5,374 9,546
Surrenders 208,345 176,721 214,121 188,937 262,457
Others 114,208 176,146 607,621 56,617 133,690
Total 3,289,846 3,831,986 4,957,675 3,592,818 4,089,232
15 Union 2008 2009 2010 2011(a) 2012(b)

Death 109,278 125,536 124,993 156,762 266,039
Disability Benefits - - - - -
Surrenders 78,848 103,248 103,984 103,494 135,847
Others (19,548) (20,645) (70,087) (41,314) (47,935)
Total 435,316 561,575 715,611 747,517 1,141,195
Number of Life Insurance Benefits (Incurred)
Total Insurance Industry 2009 2010 2,011 2012(a)

Maturity Benefits 56,911 85,432 96,116 100,256
Death 4,371 5,004 4,283 4,330
Disability Benefits 442 628 569 579
Surrenders 26,639 25,447 25,459 24,266
Other benefits 34,768 38,661 41,901 50,424
Total 123,131 155,172 168,328 179,855
1 AIA 2009 2010 2,011 2012(a)

Death 498 560 421 354
Surrenders 10,587 11,050 9,316 7,377
Other benefits
Total 15,518 16,501 16,612 12,805
2 Allianz Life 2009 2010 2,011 2012(a)

Maturity Benefits - - - -
Death - 5 8 11
Disability Benefits - 2 - 3
Surrenders - - - 8
Other benefits 38 244 382 894
Total 38 251 390 916
3 Amana Takaful 2009 2010 2,011 2012(a)

Maturity Benefits - 33 42 44
Death 5 3 7 2
Disability Benefits - - - -
Surrenders 2,236 1,487 2,894 1,841
Other benefits - -
Total 2,241 1,523 2,943 1,887
4 Arpico 2009 2010 2,011 2012(a)

Maturity Benefits
Death 1
Disability Benefits
Surrenders
Other benefits 71
Total - - - 72
5 Asian Alliance 2009 2010 2,011 2012(a)

Maturity Benefits 23 22 133 138
Death
Disability Benefits
Surrenders 863 824 416 408
Other benefits 3,199 3,640 3,956 5,197
Total 4,085 4,486 4,505 5,743
6 Ceylinco 2009 2010 2,011 2012(a)

Death 1,228 1,217 1,228 1,333
Surrenders 8,162 6,613 7,384 8,764
Other benefits 1,413
Total 29,047 42,479 50,512 54,782
7 Cooperative 2009 2010 2,011 2012(a)

Death 28 37 29 46
Surrenders 73 101 144 213
Other benefits 866 1,189 1,436 1,802
Total 1,025 1,533 1,801 2,269
8 HNBA 2009 2010 2,011 2012(a)

Death 103 112 98 151
Surrenders 552 645 701 808
Other benefits 1,353 1,700 1,808 2,510
Total 2,088 2,552 2,710 4,062
9 Janashakthi 2009 2010 2,011 2012(a)

This shuld be 344
Asas
per company data
Death 52 274 316 313 data.
per compay this is 329
Disability Benefits
Surrenders
As per companyAs
data
per company data
Other benefits 2,165 6,972 7,168 this is9,955
7,140 this is 9,939
Total 3,515 8,398 8,909 11,813
10 LIC 2009 2010 2,011 2012(a)

Death 82 32 25 26
Disability Benefits - - - -
Other benefits
Total 243 189 236 287
11 LOLC 2009 2010 2,011 2012(a)

Maturity Benefits
Death 14 62
Surrenders
Other benefits
Total - - 14 64
12 MBSL 2009 2010 2,011 2012(a)

Maturity Benefits
Death 5 3 8 12
Other benefits
Total 28 23 34 73
13 Sanasa 2009 2010 2,011 2012(a)

Maturity Benefits
Death 9 21 31 59
Other benefits
Total 40 135 239 209
14 SLIC 2009 2010 2,011 2012(a)

Death 2,008 2,456 1,800 1,615
Surrenders 3,056 3,778 3,338 3,334
Other benefits 27,147 24,916 27,151 28,582
Total 61,002 72,711 74,090 78,193
15 Union 2009 2010 2,011 2012(a)

Death 353 284 298 345
Surrenders 959 706 853 1,100
Other benefits
Total 4,261 4,391 5,333 6,680
List of tables'!A1
Table 06
Earned Premium, Claims Incurred and Claims Ratio

Net Earned Premium (Rs.'000)
Class
2008 2009 2010 2011(a)
Fire #REF! #REF! #REF! #REF!
Marine #REF! #REF! #REF! #REF!
Motor #REF! #REF! #REF! #REF!
Miscellanious #REF! #REF! #REF! #REF!
Total #REF! #REF! #REF! #REF!
Net Claims Incurred (Rs.'000)

Class
2008 2009 2010 2011(a)

Class
2008 2009 2010 2011(a)
2012(b)
#REF!
#REF!
#REF!
#REF!
#REF!
2012(b)
#REF!
#REF!
#REF!
#REF!
#REF!
2012(b)
#REF!
#REF!
#REF!
#REF!
#REF!
Chart 07
Earned Premium, Claims Incurred and Claim Ratio - General

Insurance Business
1.00
12,907,013
12,766,838
12,000,000
0.90
12,220,022
0.80
10,000,000
10,058,322
0.70
8,000,000 0.60
Rs.'000
0.50
6,000,000
0.40
4,000,000 0.30
3,386,078
0.20
2,000,000
0.10
- - - - - -
2008 2009 2010 - 2011(a) 2012(b)
0
0
-
-
-
-
-
-
Excess of premium over net claims paid Rs.'000 Net Expenses Rs. '000
Investment Income Rs. '000 Net Combined Ratio (%)
m Ratio - General
1.00
0.90
0.80
0.70
0.60
%
0.50
0.40
0.30
0.20
0.10
- -
2012(b)
-
-
-
enses Rs. '000

mbined Ratio (%)
38. Abbreviations
Abbreviations for Insurance Companies
AIA Life AIA Insurance Lanka Ltd.

Allianz Gen. Allianz Insurance Lanka Ltd.
Allianz Life Allianz Life Insurance Lanka Ltd.
Amana Gen. Amana Takaful PLC
Amana Life Amana Takaful Life PLC
Arpico Arpico Insurance PLC
Ceylinco Gen. Ceylinco General Insurance Ltd.
Ceylinco Life Ceylinco Life Insurance Ltd.
Continental Continental Insurance Lanka Ltd.
Cooperative Gen. Cooperative Insurance Company Ltd.
Cooplife Cooplife Insurance Ltd.
Fairfirst Fairfirst Insurance Ltd.
HNB Life HNB Assurance PLC
HNB Gen. HNB General Insurance Ltd.
Janashakthi Life Janashakthi Insurance PLC
Janashakthi Gen. Janashakthi General Insurance Ltd.
LIC Life Insurance Corporation (Lanka) Ltd.
LOLC Gen. LOLC General Insurance Ltd.
LOLC Life LOLC Life Assurance Ltd.
MBSL MBSL Insurance Company Ltd.
NITF National Insurance Trust Fund
Orient Orient Insurance Ltd.
People’s People’s Insurance PLC
Sanasa Life Sanasa Life Insurance Company Limited
Sanasa Gen. Sanasa General Insurance Company Limited
Softlogic Life Softlogic Life Insurance PLC
SLIC Sri Lanka Insurance Corporation Ltd.
Union Life Union Assurance PLC

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COMPILED BY

THE INSURANCE REGULATORY COMMISSION OF SRI LANKA

Mkt Share - Long Mkt Share -

AIA Life 16,517,328 16,517,328 13.24 7.07

2017 2018 2019 2020 (a) 2021 (b)

Insurer Market Market Market Market

Growth Rate (%) 12.75 12.19 10.58 16.01 21.12%

2017 2018 2019 2020 (a) 2021 (b)

2020 (a) 2021 (b)

2017 2018 2019 2020 2021

Source: Central Bank of Sri Lanka Annual Report - 2021

2 AIG - 877,850 - 877,850 0.18 - 877,850 - 877,850 0.00

3 Allianz Gen. 1,970,061 1,970,061 0.01 - 2,727,780 - 2,727,780 0.01

4 Allianz Life 621,738 621,738 0.00 1,069,784 - - 1,069,784 0.00

6 Arpico 574,548,880 - - 574,548,880 2.57 576,387,191 576,387,191 2.21

9 Ceylinco Takaful - - - - 0.00 - - - - 0.00

10 Continental 1,313,231 1,313,231 0.01 - 1,415,145 - 1,415,145 0.01

13 Janashakthi 6,225,895,747 9,580,533,397 - 15,806,429,144 70.64 7,199,984,097 10,692,653,911 - 17,892,638,008 68.45

14 LIC 807,179 - - 807,179 0.00 1,404,322 - - 1,404,322 0.01

16 MBSL 213,718 1,091,219 - 1,304,937 0.01 279,450 1,248,345 - 1,527,795 0.01

17 Orient - 928,425 - 928,425 0.00 - 929,206 - 929,206 0.00

18 People’s - 3,163,419 - 3,163,419 0.01 - 3,853,669 - 3,853,669 0.01

19 Sanasa 475,235 483,343 - 958,578 0.00 709,052 481,345 - 1,190,397 0.00

2020 (a) 2021 (b)

Total Restricted Total

(Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000) (Rs.'000)

2 AIG 229,339 0.00 536,265 - (193,459)

3 Allianz Gen. 780,285 0.01 250,000 - 624,849

4 Allianz Life 155,105 0.00 592,624 - (330,710)

5 Amana Takaful 837,987 0.02 1,250,001 30,128 (373,397)

6 Arpico 470,459,092 8.73 563,000,070 - (46,333,736)

7 Asian Alliance 1,461,503,320 27.14 1,062,500,000 114,662,116 654,530,404

8 Ceylinco 12,500,697 0.23 1,324,822 711,535 13,885,802

10 Continental 504,078 0.01 500,000 - 67,276

11 Cooperative 753,979 0.01 632,020 3,036 360,945

12 HNBA 1,914,517 0.04 1,171,875 - 941,737

13 Janashakthi 3,376,380,102 62.69 1,496,000,400 - 2,532,490,858

14 LIC 597,143 0.01 500,000 - 177,226

15 LOLC 586,357 0.01 650,000 - 65,244

16 MBSL 400,851 0.01 880,724 1,961 (483,634)

17 Orient 673,561 0.01 750,000 - (69,670)

18 People’s 863,002 0.02 600,000 - 484,881

(193,459) 342,805 0.01

624,849 874,849 0.01

(330,710) 261,914 0.00

(343,269) 906,731 0.01

(46,333,736) 516,666,334 7.99

769,192,520 1,831,692,520 28.33

14,597,337 15,922,159 0.25

67,276 567,276 0.01

363,981 996,001 0.02

941,737 2,113,612 0.03

2,532,490,858 4,028,491,258 62.32

177,226 677,226 0.01

65,244 715,244 0.01

(481,673) 399,052 0.01

(69,670) 680,330 0.01

484,881 1,084,881 0.02

63,789 416,711 0.01

46,133,782 52,133,782 0.81

3,978,860 5,117,292 0.08

3,325,668,272 6,464,598,427 100.00

2020 (a) 2021 (b)