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UAL.N0000 ( UNION ASSURANCE PLC )
The Investor Sentiment - Equity and investments forum for Sri Lankans :: Equities :: Industry Analysis :: Banks, Finance & Insurance
UAL.N0000 ( UNION ASSURANCE PLC )
Now I am writing about Union Assurance and by that time everyone is rushing to buy what they sold again in a herd mentality.
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As per regulator IBSL, insurance companies had to divide General and Life into two separate business units. This prompted certain Insurance companies to reconsider Life and General.
On 1st January 2015, the Company divested a 78% stake in its subsidiary Union Assurance General Limited to Farifax Asia Limited retaining 22% stake. The sale resulted in a capital gain or Rs 1.22 billion to the company.
Lucky they are to get such big Capital Gain before imposing tax.
So now UAL is purely a life insurance company.
Life Insurance industry comprised of 15 players and 2 of which are multi nationals. Nine out of that have been listed in CSE. The industry is dominated by 5 largest players sharing among them approximately 91% of total Funds Under Management and 81% of the market.
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yellow knife- Top contributor
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
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yellow knife- Top contributor
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
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yellow knife- Top contributor
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
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yellow knife- Top contributor
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
Growing Dividend is something rare where some companies maintain constant dividend amounts...
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yellow knife- Top contributor
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
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Re: UAL.N0000 ( UNION ASSURANCE PLC )
Senarath67- Posts : 50
Join date : 2016-08-26
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