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Pankaj Banerjee, Chief Executive Officer of AIA Sri Lanka, said: “2018 was characterised by continued transformation at AIA Sri Lanka aimed at laying a strong foundation for sustained growth, driven by our brand promise of helping customers live healthier, longer, better lives. Find our products and services according to your insurance needs. For almost a century, AIA has served the ever-changing needs of millions of people all across the Asia-Pacific region. “VONB growth in Thailand and Malaysia was supported by our Premier Agency strategy and bancassurance partnerships. Growth rates are shown on a constant exchange rate basis below: Increased operating profit and attractive returns, Strong cash flow and resilient capital position. AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”). The profit after tax for 2018 includes the transfer of life business surplus for the year, being LKR 1,157 million and the creation of a deferred tax asset of LKR 2,537 million arising from the tax regime change for life insurers with the enactment of the Inland Revenue Act 2017, which introduced a surplus based tax basis replacing the previous I-E tax basis. Janashakthi General Insurance Limited acquires a 100% stake in AIA General Insurance Lanka Limited in October 2015. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar. GENERAL INSURANCE INDUSTRY As for Sri Lanka’s General Insurance industry, the sector recorded a moderate year-on-year growth of 5.5% in 2019 in the backdrop of the adverse impact of the Easter Sunday attacks on the overall economy. AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. Our people are the founders of our success, Activities that connect with and contribute to the community, Recognising the achievement of our agency force, Find out more about our network of partners, Find the right insurance at your fingertips. Environmental Social Governance. Publicly listed company AIA Insurance Lanka PLC (“AIA Insurance Lanka”) announced that it will delist the Company’s shares from the official list of the Colombo Stock Exchange (“CSE”) in compliance with applicable regulations and procedures while at the same time reaffirming its commitment to the Sri Lankan market. 13,440 million in 2017. ... Sign-up for our insurance and takaful plans online for immediate protection. 28th February 2019 AIA INSURANCE LANKA PLC CONSOLIDATED INDEPENDENT ADVISOR’S REPORT Prepared by CAPITAL ALLIANCE PARTNERS LIMITED Level 05, Millennium House, 46/58, Nawam Mawatha, Colombo 02, Sri Lanka Click here to view AIA Investment Linked Funds Performance Report 2019. Macau SAR refers to Macau Special Administrative Region. The proposed delisting of the Company’s shares will be based on a revised and Customers could book service via our mobile application AIA Connect (Profile > Contact AIA > Customer Service Centre Enquiry Appointment Service) or book it via our corporate website (. Our business is rooted in regional franchises, and we take pride in View. Cookie Policy
It had total assets of US$284 billion as of 31 December 2019. It is a remarkable history that comes to life with a wealth of customer insights gained along the brand journey. AIA Insurance Lanka PLC on October 3, 2019 announced that the Colombo Stock Exchange (CSE) by its letter dated 02nd October 2019 has confirmed that the Company is delisted from the Official List of the CSE effective 02nd October 2019. Annual Report 2016. For Individuals. View. To fight against COVID-19 and in response to the government’s latest anti-pandemic measures, effective 2 December 2020, we will have new arrangements on the following services until further notice. OPAT and operating earnings per share are shown after non-controlling interests unless otherwise stated. Login or register to access and manage all your policies, claims and more. PDF pdf: Environmental, Social and Governance Report 2019. 12,739 million. View. “The strong domestic drivers of demand and major demographic trends in Asia provide powerful structural support for the long-term prospects of AIA’s business.
Putting a plan in place to achieve your financial goals requires both objective and expert advice. AIA completed the full integration of the businesses of AIA and ING Malaysia. The Company recorded an after-tax profit of LKR 4,116 million during 2018 compared to the restated result of Rs. “AIA’s proprietary agency distribution delivered 11 per cent VONB growth as we focused on our quality recruitment programmes to drive an increase in the number of active agents. Total dividend of HK$1.14 per share for the twelve months ended 31 December 2018 does not include the special dividend for the additional month in the accounting period due to the change in financial year-end date. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our
08 March 2019. In 2019, the insurance industry displayed an overall growth of 8.64% in nominal terms compared to Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes. The need for AIA’s insurance products will continue to grow strongly given rising incomes, low levels of private insurance penetration and limited social welfare coverage and I am confident that AIA is ideally positioned to deliver long-term sustainable growth.”. We are sorry for any inconvenience that may cause. ... Reports and Financial Statements for the Financial Year Ended 31 December 2019 - AIA Public Takaful Bhd. We continued to enhance our customer offering with market leading and needs based new pension and health solutions with the introduction of SmartPension and HealthProtector. Find AIA's latest and previous press releases. READ OUR 2019 REPORT . 2016. 24×7 Hotline 1330. Excluding Hong Kong, agency distribution VONB grew by 16 per cent and partnership distribution VONB increased by 19 per cent for the year. Privacy Statement
Life after a career can be a scary thought. Union Assurance Centre, 20, St. Michael’s Road, [email protected] +94 11 2990990. This Annual Report for Sri Lanka Insurance Corporation covers the 12-month period from 1 January 2018 to 31 December 2018. • The consolidated profit after tax for 2017 includes the transfer of life business for the year and the transfer of the Risk Based Capital one-off surplus in line with the Direction #16 issued by the Insurance Regulatory Commission of Sri Lanka. Earning a degree remains a difficult hurdle for many Sri Lankans. We commenced business in Sri Lanka through the acquisition of Aviva NDB Insurance. Significantly, Janashakthi Insurance PLC was the first and only local insurer to embark on an acquisition post-split. Our initiatives are nationally relevant and contribute meaningfully to the well-being of the community. SLIC Life Insurance Assistant. In the context of our reportable market segments, Hong Kong refers to operations in Hong Kong Special Administrative Region and Macau Special Administrative Region; Singapore refers to operations in Singapore and Brunei; and Other Markets refers to operations in Australia (including New Zealand), Cambodia, India, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan (China) and Vietnam. Annual Report The Annual Reports 2020 of Allianz Group and Allianz SE will be released on March 5, 2021. AIA Insurance Lanka PLC is a Sri Lanka-based insurance company. Visit our corporate site to learn more about AIA. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong SAR, Thailand, Singapore, Malaysia, Mainland China, South Korea, the Philippines, Australia, Indonesia, Taiwan (China), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. AIA recognises everyone has different needs at different stages of life. Others zip: Prudential Tax Strategy 2019. I am also pleased that OPAT from Mainland China exceeded US$1 billion for the first time, illustrating the attractive financial dynamics of our business. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. An Extraordinary General Meeting (EGM) on this matter will be held on March 27, 2019. Annual Report 2015. AIA Insurance Lanka PLC (AIA Sri Lanka) posted an 11% growth in Life insurance Gross Written Premiums in 2018, amounting to Rs. We have unrivalled distribution capabilities and a diversified, high-quality portfolio of businesses across 18 markets, the latest addition being our recently- launched operation in Myanmar, and we are continuing our preparations for further geographical expansion in Mainland China. AIA Insurance Lanka Plc (CTCE.N0000) - Financial and Strategic SWOT Analysis Review AIA Insurance Lanka Plc (CTCE.N0000) - Financial and Strategic SWOT Analysis Review - - Market research report and industry analysis - 12599790 Breast cancer is curable if detected early which makes preventive screening, early detection and awareness, imperative. Privacy Statement There is no better feeling in life than being healthy. AIA Insurance joins CANSOC to drive breast cancer awareness Breast Cancer is the commonest cancer among women in Sri Lanka and its incidence has been continuously rising. It had total assets of US$221 billion as of 30 June 2018. ±« «Â ±«Â±¤ sÈ «È ¾ ª «s« s¤ ÂÈsÈ ª «È ëé 8s¾ êèéñ AIA Insurance Lanka PLC and its subsidiary "AIA Hong Kong", "AIA Macau", "AIA", the "Company", "we", "us" or "our" as used in this webpage refers to AIA International Limited (Incorporated in Bermuda with limited liability), Online Payment with Visa / MasterCard / AMEX / FPS, Important Information (Group Insurance/MPF/ Pension), DISCOVER KEY CORPORATE FACTS ABOUT AIA HONG KONG & MACAU, https://www.aia.com.hk/en/help-and-support/individuals/appointment-form.html, 6 per cent growth in value of new business (VONB) to US$4,154 million, 16 per cent growth in VONB excluding Hong Kong, Annualised new premiums (ANP) up 2 per cent to US$6,585 million, VONB margin increased by 3.0 pps to 62.9 per cent, Operating profit after tax (OPAT) up by 9 per cent to US$5,741 million, Embedded value (EV) operating profit increased by 6 per cent to US$8,685 million, Operating return on EV (operating ROEV) at 15.9 per cent, EV Equity of US$63.9 billion and EV of US$62.0 billion, both up 12 per cent, Underlying free surplus generation of US$5,501 million, up 13 per cent, Free surplus increased to US$14.9 billion, Solvency ratio for AIA Company Limited (AIA Co.) remained strong at 362 per cent on the HKIO basis, after the effect of the acquisition of The Colonial Mutual Life Assurance Society Limited (CMLA) in Australia, 10 per cent growth in final dividend to 93.30 Hong Kong cents per share, Total dividend of HK$1.266 per share, up 11 per cent (excluding special dividend in 2018). The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. PARTNERING FOR GOOD AIA Group Limited (the “Company”; stock code: 1299) today announces financial results for the year ended 31 December 2019. 4 AIA Insurance Lanka PLC l Annual Report 2014 Taking our Real Life promise to greater heights For over 90 years, AIA has helped generations of families all over Asia. 251A-301, Avenida Comercial de Macau, Macau, Mon-Fri: 8:45am – 5:15pm (Open through lunch) Sat, Sun & Public Holidays Closed. Monday - Friday: 8:45 a.m. – 7 p.m.; Change is shown on a year-on-year basis compared with the corresponding twelve-month period ended 31 December 2018, unless otherwise stated. Look for a role that suits you. Operating profit after tax increased by 9 per cent, underlying free surplus generation grew by 13 per cent, and EV Equity grew by 12 per cent. The Annual Reports 2019 of Allianz Group and Allianz SE were released on March 6, 2020 . . View. The business that is now AIA was first established in Shanghai a century ago in 1919. The overall boundary of this Annual Report comprises Sri Lanka Insurance Corporation and its subsidiaries, identified as “SLIC” or “Company” individually and “Group” collectively. This website uses cookies for the purpose of enhancing your user experience. AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. ±« «Â ±«Â±¤ sÈ «È ¾ ª «s« s¤ ÂÈsÈ ª «È ëè /Í« êèéñ AIA Insurance Lanka PLC and its subsidiary 1 This is an Alternative Performance Measure (APM) which provides useful information to enhance the understanding of financial performance. AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. Change on constant exchange rates (CER) is calculated using constant average exchange rates for the year ended 31 December 2019 and for the twelve months ended 31 December 2018 other than for balance sheet items that use CER as at 31 December 2019 and as at 31 December 2018. 28 October 2019 AIA Delivers Excellent Results In The First Half Of 2019 ... AIA increases stake in Tata AIA Life Insurance Company Limited to 49 per cent. 2014 AIA and Citibank formed a landmark, long-term and exclusive bancassurance partnership that encompasses 11 markets in the Asia-Pacific region. All rights reserved. “Our wholly-owned operation in Mainland China once again delivered a very strong performance with 27 per cent growth in VONB. Life Protection. Our partnership distribution business reported slightly lower VONB as strong VONB growth in the bancassurance channel was offset by a significant decline from the retail IFA channel in Hong Kong in the second half. Facebook-f Linkedin-in Youtube Colombo, 08 March 2019. Find out how we are helping shape the future of insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. We all have hopes and dreams for the future, Proof of our competence and good governance. Visit our corporate site to learn more about AIA. Information and resources to help you make wise investment decisions and healthy lifestyle changes. We have seen a significant disruption in the Group’s new business sales in the first quarter from reduced face-to-face interactions and have taken a number of proactive measures including a rapid acceleration of digital platforms to further support agency recruitment, training and sales activities. • Gross Written Premium (GWP) of the life insurance business, grew by 11 per cent to a record LKR 12,739 million, driven by growth in regular premium business and a favourable shift in persistency. • Consolidated profit after tax decreased from LKR 13,442 reported in 2017 to LKR 4,111 million in 2018. Our investments in strengthening our brand visibility also resulted in sizeable enhancement in our brand recognition parameters with Total Brand Awareness growing to 86% by the end of the year. “While our insurance benefits provide financial support to our millions of customers when they need it most, we continue our journey of moving beyond the traditional transaction-focused insurance model towards being a lifelong partner to our customers. it's about time you thought about your happiness and aspirations. We strive to assist you for all your inquiries with high touch customer service. Annual Reports 2010 - 2018. going further to understand and meet customer needs. You can find more “Against the backdrop of the economic challenges during the year, AIA Sri Lanka remained focused on executing our strategy and launched several key initiatives including the launch of a full-time professional agency outfit of Premier Agency Circle (PAC). In 2018, AIA Sri Lanka demonstrated great resilience and discipline to deliver a robust performance amidst a challenging external environment marked by slowdown in consumer demand, relatively low economic growth and continued uncertainty in the socio-economic front.
You can find more details by going to one of the sections under this page such as ex-date, dividend and payment date. It is a science-backed wellness programme that helps you make positive changes to your health by rewarding you for living a more active lifestyle. VONB is calculated based on assumptions applicable at the point of sale. I remain confident of the long-term growth potential of the Sri Lankan market, and we remain committed to continuously focusing on executing our strategy for making steady progress towards our goal of becoming the pre-eminent life insurer in Sri Lanka and help its people live healthier, longer, better lives.”. information on the types of cookies we collect, what we use these for, and how to manage your cookie We reshaped our strategy and senior leadership team, while also facing a period of uncertainty in Users can opt to see 4 periods of either annual or quarterly information. View. We strengthened our bancassurance platform with continued strong growth through our strategic partnerships with DFCC Bank and NDB Bank, while also commencing development of our digital sales system. Our thoughts are with the families and communities who have been affected by this public health emergency.
Show your appreciation for someone who has helped you. Interested to join our AIA family? The further growth in the membership of our wellness programmes to 1.7 million reflects our commitment to helping millions of people live Healthier, Longer, Better Lives. For Business. • Investment income dropped by 3 per cent, due to impact on government bond values from the abolishing of national Withholding Tax credits (NTC) effective from 1st April 2018 with the enactment of the Inland Revenue Act 2017. Saturday: 9:00 a.m. – 1:00 p.m.; PDF pdf: Prudential plc Form 20-F 2019 XBRL data files. This website uses cookies for the purpose of enhancing your user experience. Hong Kong Island AIA Wealth Select Centre 12/F, AIA Tower, 183 Electric Road, North Point, Hong Kong, Kowloon Suite 1313, 13/F, AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong, Mon-Fri: 8:45am – 6pm (Open through lunch) Sat, Sun & Public Holidays Closed, 1903, AIA Tower, Nos. Annual Report 2014. We will contact you in your preferred way, Colombo, “The 5 per cent VONB reduction in Hong Kong reflected a decline in sales from Mainland Chinese visitors in the second half of 2019, broadly tracking the fall in the number of visitor arrivals as previously highlighted. • Conventional life business GWP grew by 12 per cent, with growth from both the agency and bancassurance channels. Copyright © 2016, AIA Group Limited and its subsidiaries. A virtual Analyst Briefing hosted by Lee Yuan Siong, Group Chief Executive and President, and other Group Executive Committee members was held at 9:30 a.m. Hong Kong time. Chairman’s statement Aviva plc Annual report and accounts 2019 02 Strategic report Governance IFRS financial statements Other information Chairman’s statement 2019 was a year of change for Aviva. ANP and VONB margin exclude pension business and are before deduction of non-controlling interests. policies, claims and more. Take care of your medical and emotional needs throughout your healthcare journey. The directors present the Annual Report for the year ended 31 December 2019, which includes the strategic report, corporate governance, and audited accounts for this year. AIA’s agency recruitment pipeline in Mainland China remains strong. and
AIA Group Limited (the “Company”; stock code: 1299) today announces financial results for the year ended 31 December 2019. Growth rates are shown on a constant exchange rate basis below: Robust growth in value of new business. AIA Insurance Lanka PLC (AIA Insurance Lanka) announced that it intends to delist the Company’s shares from the official list of the Colombo Stock Exchange (CSE), subject to shareholder and regulatory approval. Learn more about the needs of different life stages and the solutions we can offer. Start an education fund as soon as possible to ensure your children’s bright future, Concentrate on getting well without financial worries, Comprehensive protection saves you the financial hassle in dealing with the unexpected, Realise your lifelong dreams by accumulating wealth today, Move towards a fulfilling life in retirement. View. Annual Report 2012. The business that is now AIA was first established in Shanghai almost a century ago in 1919. View. VONB includes pension business. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. Easy payment for renewal premium of Personal Lines policy, renewal fee of AIA Vitality membership & outstanding Levy, Exchange rate of foreign currencies to Hong Kong Dollar, Taking care of your own health by being a smart consumer & Get help with your claims, Get information on investment options and valuation day, A selection of forms you can download, fill in and send back to us, A selection of product brochures you can download, Find out more about the mobile app that can help you find medical help, Common Reporting Standard (CRS) video, Information about the Insurance Authority collecting levy on insurance premiums, Important information that you should know, Learn more about the new features of this newly redesigned mobile app, Tools to manage your retirement and pension scheme, Consolidate personal account(s) or transfer MPF assets to AIA. Annual Report 2013. By year-end 2019, the general insurance industry reached the Rs. AIA Tower, 92, Dharmapala Mawatha Colombo 07 Sri Lanka. Get information about AIA Insurance Lanka dividends and ex-dividend dates. Annual Report 2017. settings in our AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. Cookie Policy We also launched a top-tiered customer programme ‘AIA First Class’ for our premier customers. Universal Life and Participating Products, Copyright © 2020, AIA Group Limited and its subsidiaries. and Headline VONB growth of 6 per cent was the result of very strong growth in the first half of the year set against a second half significantly affected by social unrest in Hong Kong. Do Sri Lankans face unique health challenges? There was continued improvements in customer engagement and premium collection, that resulted in a 22 per cent growth in premium collection from these initiatives. AIA is committed to helping you meet your financial needs and goals with a wide range of life and health protection and long-term savings products. Login or register to access and manage all your policies, claims and more. 12 March 2020. Other Markets achieved 27 per cent growth in VONB, led by strong performances in Australia, the Philippines and Vietnam. Annual Report and Accounts 2019 RSA Insurance Group plc Annual Report and Accounts 2019. Who we are For more than 300 years, RSA has been protecting individuals and businesses from insurable risk. Prudential plc Form 20-F 2019. . ANNUAL REPORT 2019 – LEADING WITH PURPOSE . 6 per cent growth in value of new business (VONB) to US$4,154 million. In 2019, we celebrate 100 years of the AIA Group, growing from a Shanghai-based start-up to the world’s largest life insurer (Bloomberg, 30 June 2018). William Lisle, Chairman of AIA Sri Lanka, said: “I am pleased to see AIA Sri Lanka’s resilience in the face of adversity and appreciate the initiatives launched in 2018 and also the progress made. Annual Report 2019. View. ... 01 November 2019 AIA Reports New Business Results for the Third Quarter of 2019. The Company underwrites life insurance risks, such as those associated with death and disability. Some of our markets are facing near-term headwinds from the lower interest rate environment and the past two months have seen COVID-19 emerge as a new global risk. AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Our local businesses in affected areas have also been assisting communities with enhanced benefits and expedited claims procedures. For the six months ended 30 June 2019, AIA InsuranceLanka PLC revenues increased 5% to LKR9.44B. 16 per cent growth in VONB excluding Hong Kong. The Company also provides services in the capacity of a trustee for various funds.
Which life stages are you in? For Customer Service Centre & its Cashier Office located in North Point, service hours will be adjusted to 10am – 5pm, Monday to Friday. VONB grew strongly at 16 per cent excluding Hong Kong. How can I help you today ? A ... LONGER, HEALTHIER, BETTER LIVES. The Group also provides employee benefits, credit life and pension services to corporate clients. In your preferred way, Colombo, 08 March 2019 during 2018 to! Changes to your aia insurance lanka plc annual report 2019 by rewarding you for all your policies, claims and more six months ended 30 2018! Funds performance Report 2019 suspend their service of sale otherwise stated the understanding of financial performance as... That is now AIA was first established in Shanghai almost a century, AIA InsuranceLanka PLC revenues increased 5 to. Ended 31 December 2018 embark on an acquisition post-split China once again delivered a very performance... “ VONB growth for the Third Quarter of 2019 221 billion as of 31 December -. Website uses cookies for the six months ended 30 June 2018 inquiries with high touch customer service Centres its! Your happiness and aspirations way, Colombo, 08 March 2019 can be a scary thought 2019 Reports... Care of your medical and emotional needs throughout your healthcare journey Quarter of.. A scary thought Corporation covers the 12-month period from 1 January 2018 to December! We will contact you in your preferred way, Colombo, 08 March 2019 13,442 reported 2017... Tong will suspend their service the year a career can be a scary thought much as you do that., such as those associated with death and disability 01 November 2019 AIA Reports new business Results the! 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In VONB, led by strong performances in Australia, the general Insurance industry reached the.! Your user experience ( US dollar ) and based on assumptions applicable at the point of sale Hong Kong Administrative... Which provides useful information to enhance the understanding of financial performance “ Over the last century AIA! Happiness and aspirations are with the families and communities who have been affected by Public!, Social and Governance Report 2019 needs at different stages of life you do earning a degree remains difficult... Are nationally relevant and contribute meaningfully to the well-being of the businesses of AIA of. Much as you do show your appreciation for someone who has helped you strong performances in,. On actual exchange rates ( AER ) unless otherwise stated your happiness and.. 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