Sri Lanka: Aviva NDB records outstanding 61% growth
The superlative efforts of Aviva NDB Wealth Planners, combined with the strong performance of the company’s bancassurance partners and a robust equity market has resulted in an outstanding consolidated revenue growth of 61% amounting to LKR 10.9 billion, over the corresponding nine months in the previous year.
The total annual revenue of the previous year has been surpassed at the end of the third quarter in 2010 due to the strong top line performance of both the life and general insurance businesses. Group revenue in the third quarter 2010 was reported at LKR 4.9 billion which represents an increase of LKR 2.5 billion over the corresponding quarter in 2009.
The total gross written premium income for the period was also impressive, amounting to LKR 7,215 million, a growth of 54% over the corresponding nine months in 2009. L
Desjardins Financial offers every level of life insurance. Photo by Lee