HNB Assurance Group (HNBA and HNBGI) has once again delivered impressive financial results for the year 2024, continuing its remarkable growth trajectory. The Group reported a 21% increase in Gross Written Premium (GWP), rising from Rs. 18.8 billion to Rs. 22.7 billion. Additionally, the Group recorded a consolidated Profit After Tax (PAT) exceeding Rs. 1.8 billion, marking a 7% growth compared to the previous year.

HNBA’s strong financial position was further highlighted by its upgraded Fitch rating, making it the only life insurer in Sri Lanka with an ‘A’ rating. HNBGI also earned an ‘A’ rating, positioning it among Sri Lanka’s leading general insurers.

Commenting on the achievements, Chairman Stuart Chapman expressed pride in the Group’s consistent growth, with a 22% average annual increase in GWP over the past four years. He also noted the 42% growth in share price by the end of 2024, reflecting market trust in HNBA’s stability.

CEO of HNBA, Lasitha Wimalaratne, highlighted significant milestones, including a 7.5% market share and a 27% growth in New Business Premiums. CEO of HNBGI, Sithumina Jayasundara, praised the company’s resilience, reporting a 59% increase in Profit After Tax and exceptional growth in non-motor insurance segments.

Overall, HNBA Group’s performance underscores its strong market presence and commitment to sustainable growth.

Chinese Dragon Café (CDC), Sri Lanka’s iconic Chinese restaurant chain, celebrates the first anniversary of its Dubai outlet. Established in 1942, CDC has become known for blending Sri Lankan spices with Chinese culinary techniques, creating a unique dining experience. The Dubai outlet, which opened in October 2023, is the first international expansion for the brand, representing Sri Lankan Chinese cuisine on the global stage.

CDC’s Managing Director, Udeshi, expressed pride in the warm reception the restaurant has received in Dubai, highlighting the universal appeal of its fusion dishes. The Hot Butter Cuttlefish, Nasi Goreng, and Seafood Fried Rice are some customer favorites. CDC’s Dubai outlet is also available on major delivery platforms, allowing diners to enjoy authentic Sri Lankan Chinese cuisine at home.

AIA Insurance marks its fifth year of being recognized as the Best Life Insurance Company in Sri Lanka awarded by the internationally renowned Capital Finance International (CFI) and Global Banking and Finance Review (GBFR), a company news release said.

“These supreme achievements stand as a testament to AIA’s unwavering commitment to innovation, customer-centricity, and community empowerment in the face of unprecedented challenges,” it said.

“2023/24 marked another year of resilience for AIA Insurance. Amidst a fluctuating economic landscape, the company’s mission to be a steadfast partner to the people of Sri Lanka has never wavered. Prioritizing the wellbeing of both its customers and the broader community, AIA has continued to lead with purpose, enhancing its offerings to meet the evolving needs of Sri Lankans.”

The release said AIA’s commitment to customer delight, backed by digital innovation, remains a cornerstone of its success. Over the past year, the company has accelerated its digital transformation journey, introducing pioneering solutions that set new benchmarks in the insurance industry.

From cutting-edge human-centric point-of-sale (POS) systems to advanced robotic process automation and cloud-based strategies, AIA has consistently delivered seamless and efficient experiences to its customers.

“AIA’s dedication to holistic wellness extends beyond its product portfolio. As Sri Lanka’s only insurer with a cohesive wellness ecosystem, AIA has forged partnerships with leading wellness providers, offering customers unparalleled access to health and wellbeing services. This includes collaborations with Flash Health, High Octane Fitness Gyms, Siddhalepa, My Dentist, Unilever Pureit, Vision Care and Doc990 ensuring that AIA customers are not just protected but are empowered to lead healthier and happier lives,” the release added.