COLOMBO: Ceylinco Insurance, announced an unparalleled dividend of Rs 20/- per share to its shareholders for the year 2014, which is a 200% dividend of the original share price. This is also an increase of 25%, of the dividend declared in 2013.
Ceylinco Insurance said that the company had declared this dividend as a sign of appreciation, for the tremendous trust placed in the company by shareholders and policyholders. Ceylinco Insurance believes that its success is a reflection of resilience and strength, expressed through the shareholder and customer confidence placed in the company.
‘Ceylinco Insurance emerged as the undisputed market leader in the insurance industry for the eleventh year running, displaying ample evidence of its dominance in the insurance industry in Sri Lanka. Ceylinco Insurance, during the year 2014 alone, paid Rs.10.9 billion, as claims and benefits. The unprecedented amount of money provided in lieu of claim settlement and benefits reflect the company’s continuing commitment to ensuring timely claim settlement to all customers, a press release said.
Commenting on the achievement, Ajith Gunawardena, Managing Director / Chief Executive Officer of Ceylinco Insurance – General said, “This kind of record dividend was made possible by the unwavering confidence placed in us by our customers and our shareholders, whose trust we value, and our staff, who went that extra mile to ensure the company maintained the highest standards in customer care, adding value to every aspect of the level of service we deliver. Good governance, sound management principles that maximised resources and skills, also helped the company achieve this level of success.”
