HNBA and HNBGI Felicitate Managers of HNB

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) celebrated the outstanding performance of the Branch Managers and key members of the Retail Banking Management team of the Hatton National Bank PLC (HNB) at a glamorous event held recently. This event was graced by the presence of Mrs. Rose Cooray, Chairperson of HNBA and HNBGI and Director of HNB together with Mr. Kalum Wijesooriya, Chief Employee Experience Officer/Assistant General Manager – Deposits and Remittances of HNB and Mr. Deepthi Lokuarachchi, Managing Director/CEO of HNBA and HNBGI as Guests of Honor together with the senior management of HNB, HNBA and HNBGI.

Sharing her thoughts, Mrs. Cooray stated “the synergies of cooperation, expertise and assistance of the Group have helped both HNBA and HNBGI extensively in capturing growing markets and stabilizing its position in a competitive industry such as insurance. The interlinkages seen within the Group set a strong base for greater financial responsiveness and to be able to offer a holistic proposition to one’s financial needs as a Group”. Speaking at the event, Mr. Wijesooriya congratulated the winners of the night for their achievements and emphasized on the significant role of banking and insurance in growing financial markets of our economy and how important it is to develop product propositions to cater to the financial and protection needs of individuals as a Group.  Mr. Lokuarachchi thanked the Board of Directors and the senior management of HNB for their continuous support, stating “Banking and Insurance together provides us the opportunity as a Group to help people build and sustain their wealth and it is up to us to advice customers on the optimal levels of returns and protection they ought to have for themselves. So let us continue to work together to enrich lives of them that we serve”.

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HNBA Group Delivers a Solid Performance During Q3

HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) posted a Profit After Tax (PAT) of LKR 282 MN for the nine months ended, 30th September 2017, depicting a growth of 166% compared to the PAT of LKR 106 MN recorded during the corresponding period last year.

The Group posted a Gross Written Premium (GWP) of LKR 5.8 BN, signifying a growth of 20% as opposed to the GWP of LKR 4.9 BN recorded during the same period in 2016. In reviewing the performance of each individual company, the Life Insurance Company recorded a GWP of LKR 2.9 BN as opposed to the GWP of LKR 2.6 BN achieved during the first nine months of 2016. The General Insurance Company registered a GWP of LKR 2.9 BN against the GWP of LKR 2.3 BN recorded during the corresponding period of 2016.

For the nine months ended 30th September, 2017 the group earned an Investment Income of LKR 1,197 MN with a growth of 45% against LKR 825 MN achieved during the same period of 2016. The Total Assets of the Group reached a value of LKR 17.6 BN and Investments in Financial Instruments reached a value of LKR 14.4 BN. During the same period the Life Insurance Fund and General Insurance Fund grew by 22% and 30% reaching values of Rs. 10.6 BN and 2.5 BN respectively.

Speaking on the financial performance of the Group, Chairperson of HNBA and HNBGI Mrs. Rose Cooray stated that “the Board of Directors is extremely pleased on the Group’s financial performance showcased during the first nine months of 2017. The profits of the Group were triggered by several key contributors in both businesses. The growth of individual policies of the Life business and the growth of several categories such as Fire, Motor and Marine of the General business led the Group to yield these significant financial results. These financial results augur well for the sound business strategies deployed by the HNBA Group despite the stressful market conditions in this economic backdrop. The Q3 results of the Group demonstrate its stability where the key focus has always been on maximizing the returns to each stakeholder and delivering sustainable long-term returns and these robust financial results alongside the growth of both HNBA and HNBGI are testaments of the Group’s solid performance”.

Sharing his thoughts on the Q3 financial performance, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated “coming off a strong first half, both HNBA and HNBGI teams have delivered steadfast results over Q3 as well, which marks a significant growth driven in particular by seizing new markets and deploying effective business strategies. The Group’s consolidated figures showcase the growth of several General Insurance segments, which have led the Group to yield these thriving results. I’m sure that these results will continue its growth in the final quarter of 2017, despite the on-going challenges. The Group continued to enhance and recalibrate its risk profile despite the volatile macroeconomic conditions within the regions and as a result the Group’s footprint in the country has been able to seize emerging growth opportunities by constantly maintaining its position in the industry. The HNBA Group remains confident of its competitive advantage, solidarity of its financial backing and the dynamic business strategies in acquiring new market segments and growing both Life and General businesses”.

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Things you should do after a flood

Here are some useful tips to take care of yourself, your loves ones and your property after a flood.

  • Make sure you have permission from emergency officers/authorities to get back inside your house.
  • Ensure that the sounding environment has cleared and it is safe to move in back to your property. Lookout for any safety warnings from authorities
  • Keep all power and electrical appliance switched off until the house is cleaned up properly. Make sure the property is well inspected by a qualified electrical personnel and confirms that it is safe to relocate.
  • Make sure you have photographs, or a record of all the damage, as it may be needed for insurance claims.
  • Clean the entire home, together with all the objects in it very well before you use them again. They may be contaminated. Use antibacterial solutions and disinfectants to clean every object in the house.
  • Wear appropriate gear (mask and gloves) before cleaning begins.
  • Keep children away until the property is entirely cleaned.

 

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06 Tips for a Healthy Heart

Here are six important tips for a healthy heart:

  • Quit Smoking –Smoking is identified as a killer habit. There are many adverse effects of smoking and what smoking could smoke.
  • Regular Exercises –Walk briskly for 30 minutes a day and this could reduce the risk of heart attacks.
  • Eat Fish –Oily fish such as tuna, sardines or salmon are rich in omega-3 fatty acids will boost your good cholesterol.
  • Limit Alcohol –It is recommended to limit the consumption of alcohol as the regular consumption of alcohol can damage the liver, kidneys and ultimately cause heart attacks and strokes.
  • Avoid Salty and High Sodium Foods –Avoid the consumption of excess salt and limit salt when preparing meals.
  • Make Fitness Fun.Choose activities that combine exercises which would motivate to continue regular and daily exercises.

 

05 Tips to Stay Healthy this Rainy Season

The rainy season surely is very exciting. Here are five simple tips to healthy during the rainy season.

Tip #1 – Be Prepared for the Storm – Always carry the rain gear to keep you safe and warm from the storm. Carry an umbrella or a raincoat or even a waterproof jacket to keep you warm during the rainy season.

Tip #2 – Vitamin C for the Rain– Increase the intake of Vitamin C either in natural form or as food supplement. This will help you to drive away diseases faster.

Tip #3 – Increase the Consumption of Hot Beverages – The consumption of hot beverages will help you from catching cold or save you from catching any kind of infection that can occur due to sudden change in the temperature of the body.

Tip #4 – Increase the Intake of Water–It is good to drink plenty of water during the rainy season. Do not wait to get thirsty to drink water. This will help you drain toxins from your body.

Tip #5 – Environment Cleanliness– Ensure to clean the surrounding environment regularly. This will prevent the spread of diseases such as dengue. Turn over flower pots, plates and empty vases rain water can be easily collected.