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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Ceylinco Insurance Plc

Main Activities: Insurance Carriers

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Company Information

Full name
Ceylinco Insurance Plc (Ceylinco Insurance Plc)

Headquarters
69, Janadhipathi Mawatha; Colombo; Western Province; 00100
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2011)

Tel: 24,857,572,485,758,200,000

Company Description

Ceylinco Insurance PLC engages in underwriting various classes of general and life insurance products for individual and corporate customers primarily in Sri Lanka. The company also offers pensions fund and investment management services. In addition, it engages in health care operations and power generation businesses. Ceylinco Insurance PLC was incorporated in 1987 and is headquartered in Colombo, Sri Lanka.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2010, total net operating revenues increased with 11.99%, from LKR 738,003 thousands to LKR 826,466 thousands. The results of the period increased 40.26% reaching LKR 961,639 thousands at the end of the period against LKR 685,624 thousands last year. Return on equity (Net income/Total equity) went from 9.85% to 11.49%, the Return On Asset (Net income / Total Asset) went from 1.58% to 1.90% and the Net Profit Margin (Net Income/Net Sales) went from 92.90% to 116.36% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 507.27% compared to 524.98% of last year.

Key Executives

J Godwin P. Perera Chairman
A. R. Gunawardena Chief Executive Officer -General Insurance
R Renganathan Chief Executive Officer-Life Insurance
A. R. Gunawardena Managing Director
R Renganathan Managing Director
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Balance Sheet

Total Assets

64,261,048

50,687,932

Current Assets

49,937,636

37,374,852

Total Liabilities

53,823,180

42,468,084

Shareholders Equity

10,892,583

8,371,919

* All the accounts are in LKR.
Income Statement

Total Operating Revenue

1,199,731

826,466

Net Profit (Loss)

1,372,169

961,639

* All the accounts are in LKR.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.14%

1.9%

Annualised Return on Assets (ROA)

2.14%

1.9%

Return on Equity (ROE)

13.15%

11.7%

Annualised Return on Equity (ROE)

13.15%

11.7%

Return on Capital

12.43%

11.49%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-4,181,073

-4,163,225

EBITDA

-4,181,073

-4,163,225

Enterprise value

8,745,879

-598,710

Enterprise Value / EBITDA

-2.09

0.14

Bookvalue (BV)

64,261,048

50,687,932

Net Cash

769,004

750,780

Leverage Ratios

Leverage ratio

615.65%

616.65%

Interest Coverage Ratio

-9,622.5%

-4,519.74%

Debt to equity

515.65%

516.65%

Debt to total assets

83.76%

83.78%

Long Term Debt to Capital

97.6%

96.98%

Market ratios

Market Capitalization/EBITDA

-2.17

0

Price/Book Ratio

0.14

0

Market Cap / Net cash

11.78

0

Trend Ratios

Net Income Trend

142.69%

140.26%

Operating Income Trend

100.43%

97.8%