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Ceylinco Insurance - General Division posts record gains

Ceylinco Insurance - General Division posted record gains during the nine-month period from January to September 2006.

Up to September 30, 2006, Ceylinco Insurance - General Division had achieved a premium income of over Rs. 7 Billion (Rs. 7,088 Million), an increase of over Rs. 1.2 Billion (Rs. 1,222 Million) over the corresponding period last year.

The premium growth is an increase of 24% over the corresponding period last year.

Meanwhile, the flagship brand - Ceylinco VIP, achieved an impressive premium income of Rs.4.3 Billion, recording a growth of 22% over the same nine-month period last year. During the period under review, Ceylinco Insurance - General Division's, profits grew by 63%, amounting to Rs.408 million.

The impressive growth up to the third quarter in the Ceylinco Insurance - General Division, consolidated with the premium income of Ceylinco Life, stands at Rs. 11.3 Billion, during the January to September period in 2006.

Ajith Gunewardena, the Chief Executive Director of Ceylinco Insurance - General Division, said: "Our successful growth, despite the adverse conditions prevalent throughout the country and in spite of stiff competition, reflects the growing confidence more and more people place in our strength and stability.

The massive increase in premium income during this nine-month period bears testament to the trust, the insuring public has placed in Ceylinco. We have always stood by our customers; in their darkest hours, and well-earned our reputation for settling claims unbelievably fast."

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