Sri Lanka Insurance profits Rs19.5bn up to Aug 2023 amid higher rates

State-run Sri Lanka Insurance has posted a profit of 19.5 billion rupees in the first eight months of 2023, up from 12.5 billion rupees for the full 2022 year, a Finance Ministry report said.

In the first eight months of 2022, the firm posted a profit 9.4 billion rupees.

“This was mainly due to the increase in income from investments because of the increased in return on investments in the market..,” the report said despite revenues falling 5 percent to 42.6 billion rupees in the first 8 months, from 44.8 billion, a year ago.

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