Stock UAL.N0000 UNION ASSURANCE PLC
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Company Union Assurance PLC

Equities

UAL.N0000

LK0179N00008

Multiline Insurance & Brokers

End-of-day quote Colombo S.E.
Other stock markets
 06:00:00 2024-04-24 pm EDT 		5-day change 1st Jan Change
48.2 LKR -0.41% Intraday chart for Union Assurance PLC -0.62% +19.90%
Feb. 29 Union Assurance PLC Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Feb. 29 Union Assurance PLC Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Business Summary

Union Assurance PLC is a Sri Lanka-based company engaged in the life insurance business, providing life insurance solutions for both individual and corporate customers. The Company operates through two segments: Policyholder Fund and Shareholder Fund. The Policyholder Fund segment maintains five separate policyholder funds according to the product types, such as Participating, Non-participating, Universal life, Unit linked, and Non-unit linked. The combination of the above five funds is collectively known as the Life Insurance Fund. The Company offers a range of insurance solutions and services under various categories, such as investment, protection, retirement, education, health, and group life. The investment category includes solutions, such as Investment Plus, Union Super Investor, Union Single Premium Advantage, Union Smart Investor and Smart Life. The protection category includes solutions, such as Union Loan Protector and Union Smart Investor Life Plus.

Number of employees: 675

Sales per Business

LKR in Million2022Weight2023Weight Delta
Policyholder Fund
93.0 %
22,065 94.6 % 27,856 93.0 % +26.25%
Shareholder Fund
7.0 %
1,251 5.4 % 2,102 7.0 % +67.96%

Sales per region

LKR in Million2022Weight2023Weight Delta
Sri Lanka
100.0 %
23,316 100.0 % 29,958 100.0 % +28.48%

Managers

Managers TitleAgeSince
Senath Jayatilake CEO
 Chief Executive Officer - 18-12-31
Asha Perera DFI
 Director of Finance/CFO - 17-12-31
Rumesh Modarage COO
 Chief Operating Officer - 19-11-30
Harsha Senanayake CTO
 Chief Tech/Sci/R&D Officer - 16-09-30
Wathsala Aluthgedara PRN
 Corporate Officer/Principal - -
Shubham Jain PRN
 Corporate Officer/Principal - 22-04-30
Mahen Gunarathna SAM
 Sales & Marketing - 21-10-31
Imtiyaz Aniff HRO
 Human Resources Officer - 21-08-31

Members of the board

Members of the board TitleAgeSince
Stephen Appleyard BRD
 Director/Board Member 59 18-12-31
Suresh Rajendra BRD
 Director/Board Member - 11-08-15
Krishan Niraj J. Balendra CHM
 Chairman 50 09-03-31
Daminda Prabhath Gamlath BRD
 Director/Board Member - 20-06-09
Dumith Fernando BRD
 Director/Board Member - 18-08-02
Pasan Thaminda Wanigasekara BRD
 Director/Board Member - 23-03-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 589,285,720 27,723,687 ( 4.705 %) 0 4.705 %

Shareholders

NameEquities%Valuation
JOHN KEELLS HOLDINGS PLC
90.00 %
530,357,150 90.00 % 83 M ₨
Shanthikumar Palihena
2.376 %
14,000,000 2.376 % 2 M ₨
Norges Bank Investment Management
0.7932 %
4,673,967 0.7932 % 729 139 ₨
Suktam Holdings Pvt Ltd.
0.5315 %
3,132,209 0.5315 % 488 625 ₨
J B Cocoshell Pvt Ltd.
0.3963 %
2,335,411 0.3963 % 364 324 ₨
Corporate Holdings (Pvt) Ltd.
0.2535 %
1,493,730 0.2535 % 233 022 ₨
V Bandaranayake
0.2003 %
1,180,380 0.2003 % 184 139 ₨
A Selliah
0.1697 %
1,000,000 0.1697 % 156 000 ₨
Lhlmp Haradasa
0.1367 %
805,325 0.1367 % 125 631 ₨
D V H Palihena
0.1089 %
641,625 0.1089 % 100 094 ₨

Holdings

NameEquities%Valuation
CIC HOLDINGS PLC
1.31%
 3,831,566 1.31% 900,418 $
TEEJAY LANKA PLC
0.53%
 3,815,741 0.53% 478,227 $

Company contact information

Union Assurance Plc

Union Assurance Centre 20 Saint Michaels Road

3, Colombo

+94 11 299 0990

http://www.unionassurance.com
address Union Assurance PLC(UAL.N0000)

Sector

Financials
Insurance
Insurance
Multiline Insurance & Brokers
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Sales per Business

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