Arpico Insurance PLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was LKR 642.13 million compared to LKR 776.14 million a year ago. Net income was LKR 56.91 million compared to LKR 58.68 million a year ago. Basic earnings per share from continuing operations was LKR 0.86 compared to LKR 0.89 a year ago. Diluted earnings per share from continuing operations was LKR 0.86 compared to LKR 0.89 a year ago.
For the full year, revenue was LKR 2,791.93 million compared to LKR 2,798.87 million a year ago. Net loss was LKR 625.66 million compared to net income of LKR 36.24 million a year ago. Basic loss per share from continuing operations was LKR 9.45 compared to basic earnings per share from continuing operations of LKR 0.55 a year ago. Diluted loss per share from continuing operations was LKR 9.45 compared to diluted earnings per share from continuing operations of LKR 0.55 a year ago.