Amana Takaful Insurance posts 46% revenue growth in 3Q

For the 7th consecutive quarter, since 2021, Amana Takaful Insurance PLC posted a revenue growth of 46% as of Q3 of 2022, compared to the same period in the year prior, with revenues rising to Rs 2.547 billion during the period.

Amana’s Growth in revenue, together with growth in both the Non-Motor and Motor insurance segments, were also significantly above industry averages. Analysing and comparing growth achieved in recent years for Q3 demonstrates Amana Takaful Insurance PLC’s accelerating speed of growth, with growth in Q3 of 2021 over 2020 posted at 26%, while Q3 of 2022 over 2021 has increased to 46%.

This then demonstrates that the Company has been able to achieve cumulative growth of 72% within just two years, which is phenomenal.

Due to these performances Amana Takaful Insurance PLC has managed to retain its status and position as Sri Lanka’s fastest-growing insurance company. CEO, Shehan Faisal said, “We set out to provide exceptional value to all our stakeholders; shareholders, customers and employees alike, and we have continued to keep up to this promise. We have combined our service delivery and business processes with effective strategic planning to position ourselves among the top choices for insurance in Sri Lanka.”

Head of Corporate Strategy at Amana Takaful Insurance PLC, Rajitha Obeysekara also added, “Our winning strategy is delivering phenomenal growth momentum, which has continued to be sustainable over the near to medium term. For 2023 as well, we have concrete and well-planned initiatives to further expand our reach and support this growth momentum.”