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

Union Assurance Plc

Main Activities: Insurance Carriers and Related Activities

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Company Information

Full name
Union Assurance Plc (Union Assurance Plc)

Headquarters
Union Assurance Centre, 20,St. Michael`s Road; Colombo; Western Province; 00300
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: KPMG (2011)

Tel: 2428000

Company Description

Union Assurance PLC is a full-service agency that provides a wide range of insurance products and services, including life, property and casualty, and workers insurance.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -48.12%, from LKR 555,738 thousands to LKR 288,315 thousands. The results of the period increased 35.86% reaching LKR 695,585 thousands at the end of the period against LKR 511,971 thousands last year. Return on equity (Net income/Total equity) went from 19.44% to 21.55%, the Return On Asset (Net income / Total Asset) went from 2.71% to 3.19% and the Net Profit Margin (Net Income/Net Sales) went from 92.12% to 241.26% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 575.25% compared to 617.88% of last year.

Key Executives

Ajit Damon Gunewardene Chairman
Ajit Damon Gunewardene Chairman
Dirk Pereira Chief Executive Officer
Dirk Pereira Chief Executive Officer
Dilani C Alagaratnam Director
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Balance Sheet

Total Assets

21,796,136

18,902,628

Current Assets

18,060,286

15,655,416

Total Liabilities

18,568,270

16,269,519

Shareholders Equity

3,227,865

2,633,109

* All the accounts are in LKR.
Income Statement

Total Operating Revenue

288,315

555,738

Net Profit (Loss)

695,585

511,971

* All the accounts are in LKR.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.19%

2.71%

Annualised Return on Assets (ROA)

3.19%

2.71%

Return on Equity (ROE)

21.55%

19.44%

Annualised Return on Equity (ROE)

21.55%

19.44%

Return on Capital

17.65%

17.38%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-1,880,802

-1,405,857

EBITDA

-1,880,802

-1,405,857

Enterprise value

7,734,087

-390,138

Enterprise Value / EBITDA

-4.11

0.28

Bookvalue (BV)

21,796,136

18,902,628

Net Cash

373,413

390,138

Leverage Ratios

Leverage ratio

675.25%

717.88%

Debt to equity

575.25%

617.88%

Debt to total assets

85.19%

86.07%

Long Term Debt to Capital

97.95%

97.67%

Market ratios

Market Capitalization/EBITDA

-4.31

0

Price/Book Ratio

0.37

0

Market Cap / Net cash

21.71

0

Trend Ratios

Net Income Trend

135.86%

127.71%

Operating Income Trend

133.78%

91.76%