Ceylinco Life Insurance Limited
INTEGRATED ANNUAL REPORT 2016

PREAMBLE

Highlights of the Year

Financial Highlights

Life Insurance Business
Year ended 31 December 2016
Rs. ’000
2015
Rs. ’000
Change
%
Results for the Year
Gross Written Premium 15,027,600 13,456,828 11.67
Net Claims/Net Benefits 6,651,682 5,956,745 11.67
Increase in Long Term Insurance Funds 8,397,889 7,135,304 17.69
Investment and Other Income 8,780,689 6,740,775 30.26
Transfer to Retained Earnings 2,300,000 1,800,000 27.78
Profit Before Taxation 3,743,727 2,181,009 71.65
Profit After Taxation 3,079,041 2,060,046 49.46
Position at the Year End
Shareholders’ Equity 11,911,829 9,446,369 26.10
Long Term Insurance Funds 77,925,114 68,011,535 14.58
Investments 80,751,105 67,139,575 20.27
Total Assets 96,458,089 80,235,166 20.22


Year ended 31 December 2016 2015
Per Ordinary Share
Earnings (Basic) (Rs.) 61.58 38.03
Interim Dividend (Rs.) 5.42
Final Dividend (Rs.) 2.08 6.25
Total Dividend (Rs.) 7.50 6.25
Net Assets 238.24 188.93
Ratios
Return on Total Assets (%) 3.19 2.57
Return on Equity (%) 25.85 21.81
Dividend Cover (Times) 8.21 6.08
Dividend Payout Ratio (%) 12.18 16.44
Capital Adequacy Ratio (CAR)*
Total Available Capital (TAC) (Rs. Mn) 43,094
Risk-Based Capital Requirement (RCR) (Rs. Mn) 12,848
Risk-Based Capital Adequacy Ratio (CAR) % 335%
Minimum CAR (%) Required by Regulator 120%
Solvency Margin
Available Solvency Margin (Rs. Mn) 19,509
Required Solvency Margin (Rs. Mn) 2,365
Solvency Ratio (Times) 8.25

*Capital Adequacy Ratio (CAR) is the measure of capital adequacy of a life insurer under the new Risk Based Capital (RBC) regulation by the IBSL, which replaced the Solvency Margin with effect from 2016.





Operational Highlights