Ceylinco Life Insurance Limited
INTEGRATED ANNUAL REPORT 2016

FINANCIAL REPORTS

insurance revenue account
For the Year Ended 31 December Glossary
Item
2016
Rs. ’000
2015
Rs. ’000
Gross Written Premium 13 15,027,600 8,291,277
Net Written Premium (Net of Premiums Ceded to Reinsurers) 23 14,653,771 8,107,814
Investment and Other Income Attributable to Policyholders 7,975,299 3,866,529
Net Benefits Paid 25 (6,651,682) (3,689,879)
Increase in Long Term Insurance Fund (8,397,889) (3,675,857)
Acquisition Cost 1 (1,693,985) (977,782)
Operating and Administrative Expenses Attributable to Policyholders (2,969,190) (1,754,076)
Interest Expense (8,984) (5,980)
Tax Expenses (607,340) (70,768)
Surplus from Life Insurance Business 18 2,300,000 1,800,000
Surplus from Life Insurance Business 2,300,000 1,800,000
Investment and Other Income Not Attributable to Policyholders 805,390 154,721
Operating and Administrative Expenses Not Attributable to Policyholders 31,929 (7,420)
Interest Expense Not Attributable to Policyholders (932) (21)
Tax Expenses Not Attributable to Policyholders (57,346) (45,994)
Profits from Operations After Interest Expense 3,079,041 1,901,286