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Softlogic Life Insurance
Softlogic Life Insurance PLC, formerly known as Asian Alliance Insurance, is an insurance company in Sri Lanka. The company was founded in 1999 as Asian Alliance Insurance, a joint venture between Asia Capital PLC and Richard Pieris & Company. Softlogic Holdings and its subsidiary Softlogic Capital PLC acquired a controlling stake in the Asian Alliance Insurance in 2011 for LKR3.3 billion. The company segregated its life and non-life insurance businesses and then divested its non-life insurance to Fairfax Financial. The company changed its name in 2016 to Softlogic Life Insurance. The company is a constituent of the S&P Sri Lanka 20 Index. Softlogic Life is one of the ''LMD'' 100 companies in Sri Lanka. The company is also ranked among the 100 most valuable brands in the country. History Asian Alliance Insurance was founded in 1999 as a joint venture between Asia Capital PLC and Richard Pieris & Company. Softlogic Holdings and its subsidiary Softlogic Capital PLC acquired a 73.5% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FMO (Netherlands)
FMO () is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. Among others, FMO manages funds for the Ministries of Foreign Affairs and Economic Affairs of the Dutch government to maximize the development impact of private sector investments. It is licensed as a bank and supervised by the Dutch Central Bank. The Dutch government holds 51% of the shares, but FMO operates as a commercial company. Due to its relationship with the Dutch government, it is able to take risks which commercial financiers are not able or not prepared to take. The FMO has a AAA rating from Standard and Poor's. , the bank's total asset valuation was €8.32 billion (US$9.67 billion), and its shareholders' equity was €2.83 billion (US$3.29 billion). FMO's mandate is to provide long term capital for projects in countries in which commercial investors do not yet dare to invest. It invests risk capital in companies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ceylinco Insurance
Ceylinco Holdings PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an '' LMD 100'' company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition. History The company traces its origin to the founding of Ceylon Insurance Company by Hugh C. Weeresekere in 1939. Due to an illness, Weeresekere left the company to Justin Kotelawala, who managed the company for 25 years. The insurance industry in Sri Lanka was a state monopoly from its nationalisation in the 1960s to 1988. Prior to the independence of Sri Lanka, the industry was dominated by the private sector and the indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Written Premium
In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year. In the United States, assumed premiums written represents the premiums that the insurance subsidiaries have received from an authorized state-mandated pool or under previous fronting facilities. (From EIG 8-K filed Nov 14, 2007) When a non-life (property and casualty) insurance company issues a contract to provide insurance against loss, the revenue In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some compan ...s (premiums) expected to be received over the life of the contract are called gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AIA Group
AIA Group Limited, often known as AIA (), is a Hong Kong–based multinational insurance and finance corporation. It is the largest publicly traded life insurance group in the Asia-Pacific region. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments and securities. AIA is headquartered in Central, Hong Kong, with a presence in 18 markets in Asia-Pacific, with wholly-owned branches and subsidiaries in Hong Kong, mainland China, Taiwan, Macau, South Korea, Singapore, Thailand, Malaysia, the Philippines, Indonesia, Vietnam, Brunei, Cambodia, Myanmar, Australia, New Zealand, Sri Lanka and a 49% joint venture in India. Since 2013, AIA has had an exclusive bancassurance agreement with Citibank that encompasses 11 AIA markets in Asia-Pacific. In August 2013, AIA became the official shirt partner of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombo Stock Exchange
The Colombo Stock Exchange (CSE) (; ) is the main stock exchange in Sri Lanka that utilizes an electronic trading platform. The CSE headquarters have been located at the World Trade Center (Colombo) Towers in Colombo since 1995, and it has regional branches in Kandy, Jaffna, Negombo, Matara, Kurunegala, Anuradhapura and Ratnapura. The CSE trades 296 companies representing 20 business sectors, with a combined market capitalization of 3,699 billion Sri Lankan rupees. On 1 September 2021, turnover surpassed 14 billion and the All Share Price Index (ASPI) surpassed 9000 points for the first time when it closed at a record high of 9,163.13 points. History Share trading in Sri Lanka was initiated in 1896 under the Share Brokers Association (SBA). The Colombo Brokers' Association began auctioning land shares in 1904 and gradually became the SBA's competitor. The two organizations combined to form the Colombo Securities Exchange in 1985. The establishment of a formal stock exchang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TV Derana
TV Derana a Sri Lankan private entertainment terrestrial television channel broadcasting in Sri Lanka. Launched on 11 October 2005, it is one of the most popular television networks in the country. Its main transmission tower is on the Kikilimana mountain, and coverage is extended nationwide via eight transmission towers. The channel is available on digital medium through Dialog TV, PEO TV and the OTT platform Dflix (revamp of Gluuoo). Derana broadcasts contemporary content that upholds Sri Lankan values on its "අපේ දේ රැකගෙන, අලුත් දේ අරගෙන" / “''Ape De Rakagena, Aluth De Aragena''” (Conserve our own and embrace the new) platforms. The channel focuses viewers in the two premium socio-economic categorizations SEC A and SEC B. TV Derana is the No. 1 television channel in Sri Lanka, according to late 2021 LMRB search data. The channel has maintained this position since March 2017. TV Derana won 47 awards at the Sri Lanka Instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Written Premium
In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year. In the United States, assumed premiums written represents the premiums that the insurance subsidiaries have received from an authorized state-mandated pool or under previous fronting facilities. (From EIG 8-K filed Nov 14, 2007) When a non-life (property and casualty) insurance company issues a contract to provide insurance against loss, the revenue In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some compan ...s (premiums) expected to be received over the life of the contract are called gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LMD (magazine)
''LMD'', formerly known as ''Lanka Monthly Digest'', is an English language Sri Lankan business magazine. Media Services (Pvt) Ltd owns the magazine, and was first issued in August 1994. The magazine is available in print and Online magazine, online versions. Hiran Hewavisenti is the magazine's editor-in-chief. ''LMD'' derives its revenue from advertising and subscription fees. Monthly Print circulation, circulation is about 5,000 while monthly readership is around 30,000-40,000. The magazine has a subscriber base of about 1,800. ''Living'' and ''Discover Sri Lanka'' are the sister publications of the magazine. Compiled lists and indices ''LMD'' compiles and publishes popular company listings, rankings and indices. ''LMD'' 100 Dubbed "Sri Lanka's Fortune 500, ''Fortune'' 500." The magazine has been publishing the ''LMD'' 100 since the 1994/95 fiscal year. The latest edition, the 29th edition of ''LMD'' 100 was published for the fiscal year 2021/2022 in 2023. Sri Lankan conglomer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LOLC Finance
LOLC Finance PLC is a non-banking financial company based in Sri Lanka. LOLC Holdings is the ultimate parent company of LOLC Finance. The company was founded as LOLC Finance Company Limited in 2001. In 2003, the company changed its name to Lanka ORIX Finance Company and commenced operations. Lanka ORIX Finance Company became a public company in 2011 with its listing on the Colombo Stock Exchange. The company adopted its current name in 2015. LOLC Finance is one of the ''LMD'' 100 companies in Sri Lanka. LOLC Finance has been a constituent of the S&P Sri Lanka 20 Index since the end of 2021. LOLC Finance merged with its sister company, Commercial Leasing & Finance PLC in 2022. The merger resulted in LOLC Finance becoming the largest non-banking financial company in the country. History The company was incorporated in 2001 as LOLC Finance Company Limited. LOLC Finance Company obtained a licence from the Central Bank of Sri Lanka as a finance company in the following year. The comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sunday Times (Sri Lanka)
''The Sunday Times'' is a weekly Sri Lankan broadsheet initially published by the now defunct Times Group, until 1991, when it was taken over by Wijeya Newspapers. The paper features articles of journalists such as defence columnist Iqbal Athas and Ameen Izzadeen. The daily counterpart of the Sri Lankan ''Sunday Times'' is the ''Daily Mirror''. History The first ''Times'' newspaper, '' Ceylon Times'' was established in 1846. The Times of Ceylon Ltd, which existed for 131 years, was taken over by the Sri Lankan government in 1977. Ranjith Wijewardena, the son of D. R. Wijewardena, and the chairman of Wijeya Newspapers Ltd, purchased the company which was under liquidation, in 1986. However, the newspaper ''The Sunday Times'' came into being in 1991. See also *List of newspapers in Sri Lanka The List of newspapers in Sri Lanka lists every daily and non-daily news publication currently operating in Sri Lanka. The list includes information on whether it is distributed daily or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes Asia
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The company is headquartered in Jersey City, New Jersey. Sherry Phillips is the current CEO of Forbes as of January 1, 2025. Published eight times per year, ''Forbes'' feature articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is known for its lists and rankings, including its lists of the richest Americans (the ''Forbes'' 400), of 30 notable people under the age of 30 (the ''Forbes'' 30 under 30), of America's wealthiest celebrities, of the world's top companies (the ''Forbes'' Global 2000), of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
