LOLC General Insurance PLC
CCSELK:LGIL.N00005.80
LKR
-0.30
(-4.92%)
ISIN
LK0480N00000
Return %
Stock
S&P 500
1Y
-40.82
14.20
3Y
-4.92
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Nimal Perera
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Rajagiriya Sri Lanka
- IPO Date
- Dec 31, 2021
- Website
- lolcgeneral.com
- Similar Companies
- Business
- LOLC General Insurance PLC, a subsidiary of LOLC Holdings PLC, operates as a non-life insurance provider in Sri Lanka. Founded in 2011 and headquartered in Rajagiriya, Colombo, the company provides a comprehensive portfolio of general insurance, commercial risk, and microinsurance solutions to retail, small and medium-sized enterprise (SME), and corporate clients. The company operates across multiple insurance business segments, offering systematic products and services that include motor insurance, encompassing comprehensive vehicle coverage under the LOLC Motor Plus brand, commercial fleet insurance, third-party liability, two-wheeler and three-wheeler policies, and 24/7 roadside assistance; property insurance, covering standard fire and perils, home and dwelling protection, business interruption, consequential loss, burglary, and natural disaster coverage; marine and transit insurance, comprising marine cargo for import and export operations, inland transit, and marine hull coverage; engineering insurance, including contractors all risks (CAR), erection all risks (EAR), machinery breakdown, electronic equipment cover, and boiler explosion policies; liability insurance, encompassing public liability, product liability, employers liability, workmen compensation, professional indemnity, and directors and officers (D&O) liability; and miscellaneous casualty and personal lines, providing individual and group personal accident cover, overseas travel insurance, hospitalization and critical illness plans, fidelity guarantee, and cash-in-transit protection. The company distributes its underwriting solutions through an extensive island-wide branch network, direct corporate sales agents, registered insurance brokers, digital portals, and bancassurance partnerships with group financial institutions such as LOLC Finance PLC. In addition to its domestic market presence, the company participates in regional insurance ventures and microinsurance initiatives across South and Southeast Asia under the broader LOLC Group footprint. In recent developments, LOLC General Insurance PLC has advanced its regional expansion strategy by extending underwriting expertise and technical partnerships to overseas microinsurance operations in markets such as Cambodia and the Philippines. Domestically, the company has executed significant digital transformation initiatives, including the rollout of automated claims processing platforms, artificial intelligence-assisted vehicle damage assessment tools, and end-to-end digital policy issuance systems. Additionally, the company has enhanced its product suite with specialized climate-indexed and micro-health insurance covers tailored for the agricultural and informal sectors, while broadening its strategic bancassurance distribution agreements and maintaining compliance with enhanced Risk-Based Capital (RBC) solvency adequacy standards set by the Insurance Regulatory Commission of Sri Lanka.