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Sri Lanka Insurance Corporation

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Type
State Owned Enterprise
Industry
Insurance

Sri Lanka Insurance Corporation engages in the business of life and general insurance services. It operates through the Life Fund and the General Fund business segments. The Life Fund segment represents all long term insurance business related products and riders. The General Fund segment includes short term insurance related to home and travel insurances. The company was founded in 1962 and is headquartered in Colombo, Sri Lanka.

ROA
3.3
Governance
58.3
Profits/Losses
LKR 6,930,328

Governance Indicators

A systematic measure of how well this SOE is managed.

2020

Year of the most recent Annual Report available online

1

Have Annual Reports for the last five years been tabled in Parliament?

2

Does the Annual Report include the mandatory provisions set out in the PED guidelines?

1

Is the Audit Clean / Qualified / Disclaimer?

0

Is the information pertaining to the RTI officer available on the website?

0

Does the SOE respond to an RTI within the timeframe specified in the Act?

1

Does the SOE have a website?

2

Does the SOE website contain sufficient organtisational details?

1

Does the SOE website contain tender and procurement details?

Annual Report
Auditing Standards
Rights to Information
Accessibility of Information

Interpretation of the indicators

Good
2
Average
1
Bad
0
See Methodolgy

Financials

Available Financial data for the last few years.

Year Turnover (LKR) Total Assets Profit/Loss Total Debt Total Liabilities Total Equity Operational Profits ROA
2020
99,849,812
289,716,794
 6,930,328 Data Not Available
196,501,651
93,215,143
9,490,838
2.5
2019
98,779,167
243,789,031
 4,513,837 Data Not Available
173,669,744
91,108,503
8,362,826
1.8
2018
92,103,275
243,789,031
 7,602,900 Data Not Available
155,474,529
88,314,502
10,421,569
3.2
2017
78,578,019
231,782,408
 6,567,584 Data Not Available
145,691,965
86,090,443
8,979,794
2.9
2016
67,764,329
213,797,636
 10,484,936 Data Not Available
126,999,395
86,798,241
13,814,064
5
2015
62,072,276
206,485,989
 8,585,820 Data Not Available
116,807,298
89,678,691
12,043,461
4.3

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises