HNB Assurance records Rs. 21.3 m net profit in 1 H

HNB Assurance Ltd. has been successful yet again in registering a growth in turnover and profitability despite operating within a fiercely competitive market environment, according to the half - yearly results released recently.

The company's turnover, measured by its Gross Written Premium, grew by 33% to cross the Rs. 500 million mark during the six months ended June 30.

At the same time the company was able to achieve a growth of 33% in its profitability too, recording a net profit after tax of Rs. 21.3 million.

Strengthening its position further as a growing force in the local insurance industry, the company introduced several initiatives such as the introduction of a Zero Interest monthly instalment plan and the launch of a unique micro insurance product. The Company also opened two new branches in Embilipitiya and Ja-ela during the current year.