SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000)

wisdom79 · **201** AAIC - Profit over one billion!!!!! Tue Oct 29, 2019 4:18 pm

wisdom79

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Time to start again.

Profit....
2017 profit 1526m
2018 profit 3336m
2019 profit must be above 6000m??????

ALL will be ok.

wisdom79

wisdom79

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[size=48]Softlogic Life only Lankan company in Forbes’ Asia’s Best Under A Billion 2019[/size]

[size=17]Sri Lanka’s fastest-growing life insurer Softlogic Life as made it to the Forbes Asia’s Best Under A Billion 2019 list, a business ranking which spotlights Asia’s 200 top-performing listed companies with less than $ 1 billion in revenue with consistent top- and bottom-line growth. Softlogic Life is the only company in Sri Lanka and one of the only two insurance companies in the Asian region to achieve this momentous feat.

Forbes shortlisted Softlogic Life from 1,400 finalists, which was based on a universe of 19,000 candidates, for passing their criteria for profitability, growth and modest indebtedness. Softlogic Life was placed in the final 200 for producing the highest sales and earnings per share growth for both the most recent fiscal year and the last three-year period, as well as the strongest one- and a five-year average return on equity.

During the last financial year, Softlogic Life executed yet another superlative financial performance by achieving its highest-ever top line and bottom line. In the previous five years, the company has consistently doubled its market share and reached 12.5% at the end of 2018 and a revenue growth of 33% compared to the average industry growth of 12%. By consistently delivering outstanding financial results, Softlogic life has earned the distinction of being the fastest to cross the milestone of recording GWP (Gross Written premium) of Rs. 10 billion within just 19 years of operation. Softlogic Life recorded a compound annual growth of 35% over the last five years against an industry figure of 16% reflecting the efficacy of their systems, processes and people.

Commenting on Softlogic Life’s world-class recognition, Chairman Ashok Pathirage said, “It is indeed a great pride to be included in this year’s Best Under A Billion 2019 by Forbes, which places us among the most respected organisations in Asia. The company’s ability to grow at more than double the industry growth and our efforts in the industry as a leading innovator to harness the power of technology to uplift our processes to deliver speed, efficiency and convenience to our valuable customers have been recognised by Forbes. This is a testament to all the hard work we have put towards excelling in all fronts for years.”

“We have been able to introduce a new ethos in the market by giving a new face to life insurance to help our customers live their lives to the fullest. The company has been constantly embracing disruptive and creative innovations to offer a plethora of digital-first initiatives to elevate the standards of Sri Lanka by bringing together world-class solutions that enhance the quality of life of customers while becoming the most preferred, proactive Life insurance provider. We are well set for a record-breaking journey ahead, as we have already laid a solid foundation with proven business strategies to sustain the present rapid growth momentum,” Pathirage further commented.

Forbes’ Annual Best Under A Billion list spotlights 200 small and midsized publicly listed enterprises in the Asia-Pacific region with sales under $1 billion and a track record of strong earnings growth. These companies posted more than 50% average growth in annual net profit and sales in their latest financial year, to a combined $10 billion and $54 billion, respectively.

Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is part of the Softlogic Group, which is recognised as one of Sri Lanka’s most diversified and fastest-growing conglomerates with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services. Significant stakeholders in the company include global investors; DEG and Leapfrog Investments.[/size]

wisdom79 · **203** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Nov 06, 2019 7:33 am

wisdom79

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Over 60/- short term sure

wisdom79 · **204** AAIC getting only profits for 5 years , invest Mon Nov 18, 2019 8:40 am

wisdom79

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All the quarters has got the best profits in 1919

First quarter 744 m
Second quarter 1208 m
Third quarter 1558 m
Waiting for next quarter....!!!!!

Revenue over 9b, so what to boast!!!!

Do the best and get the best........!!!!

Good luck!!!

No limit its moving........!!!

wisdom79 · **205** AAIC - Profit over 3 billion!!!!! Wed Dec 04, 2019 7:26 am

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[size=48]Softlogic Life launches first-ever postal insurance plan in partnership with Postal Department

[/size]

[size]

Comments / 5 Views / Wednesday, 4 December 2019 01:32

TwitterFacebookWhatsApp[/size]

[size=17]

Post Master General Ranjith Ariyaratne (left) and Softlogic Life Managing Director Iftikar Ahamed exchanging the agreement
[/size]

To bring about greater quality of life to whole of Sri Lanka
A life cover of Rs. 150,000 for just Rs. 5 a day
Sign up for life insurance from comfort of home with help of trusted postman

[size][size]
Sri Lanka’s fastest-growing life insurer, Softlogic Life, made its entry into the previously untapped micro-insurance market recently with the introduction of Postal Life Insurance Policies. The company intends to introduce these life solutions by leveraging a key partnership with the Sri Lankan Postal Department’s island-wide network of post offices.

Ensuring every Sri Lankan’s right to health and life insurance, Softlogic Life has introduced two policy plans of Rs. 150,000 and Rs. 300, 000 which cover both natural and accidental deaths. The uniqueness of these covers is that the person signing up for the protection can add his or her life partner into the cover as well. In the case of hospitalisation, both the policy owner and the beneficiary are eligible for several attractive benefits.

“Universal access to health coverage and healthcare is a basic human right and as such, should be worked towards ensuring all Sri Lankans to have access in any form or manner. By having a health or life insurance cover, people can avert themselves from the financial burden of sudden events, such as the loss of a loved one or falling ill. For these sudden needs, it is always better to set aside a sum of money every month through an insurance cover which gives us fundamental stability, interms of providing the ability to give best of healthcare possible or the ability to provide a stable life for the family after the breadwinner's death and therefore mental freedom. Overall, insurance penetration in Sri Lanka has been at 1.26% in 2018, which means healthcare expenditure is borne by individuals, apart from the few who are covered under health/critical illness insurance policies.” Softlogic Life Managing Director, Iftikar Ahamed said.

He added: “At Softlogc Life, our vision is to uplift the quality of lives of all Sri Lankans and we believe that providing comprehensive, universally relevant, long-term healthcare insurance policies which ensure affordable access to healthcare for all Sri Lankansis a great means of achieveing that. In this spirit, Softlogic Life is proud to present the Postal Insurance Policy, which will allow any individual across the island to access the best healthcare facilities at an affordable price.”

The Postal Life Insurance from Softlogic Life can be now obtained from over 8000 postmen or post office counters across Sri Lanka. Customers can register for the service, pay monthly instalments and request claims by using a mobile phone. Every transaction that has taken place will be communicated to the customer through an SMS.

“Insurance in Sri Lanka is a significantly under-penetrated segment when compared to other regional countries like Thailand and Malaysia. It is important that untapped segments of the population have access to affordable healthcare as it is a universal right and as one of the oldest and most highly spread networks in Sri Lanka, we are extremely proud to be the platform through which they will have access to better life insurance solutions. We are happy that over 8,000 postal workers across the nation will be utilised to support this endeavour, initiated by a 100% home-grown brand like Softlogic Life,” said Post Master General Ranjith Ariyaratne said. Any person between the ages of 16 and 60 are eligible for the postal insurance that could be obtained for themselves or add their life partners to their policy. Personal coverage packages include one for Rs. 150 or Rs.300 per month. If a life partner is added, packages upto Rs. 250 or Rs. 300 per month. Under these different packages, policyholders can sign up for coverage that can go up to a maximum of Rs. 1 million.
The most profitable and popular life insurance in Sri Lanka.

Now it is time to move up the sector....
Good investment!!![/size][/size]

ipo · **206** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Dec 04, 2019 12:30 pm

ipo

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Still no much appreciation from the market

Teller · **207** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Dec 04, 2019 3:04 pm

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SHL group is in mid term crisis which will effect AAIC as a sister effect but not much

wisdom79 · **208** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Dec 04, 2019 9:38 pm

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You may be correct but AAIC has only profit within 5 years.

Even the April quarter they have done well.

Time will answer the problem. I feel like some one is collecting it showing a selling pressure.

Good luck!!!!

wisdom79 · **209** ALLIANCE is going to buy SOFTLOGIC LIFE at 55? Wed Dec 18, 2019 10:34 pm

wisdom79

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I got a news about this deal. They will sell off AAIC at 55 level.

After Ashok Pathirage got the chairman post of Air Lanka, he has taken a decision about this. But value of AAIC must be above 100 because it has many properties such as ODEL, ASIRI.....etc. As well as all the quarters they have got only profit. So future is clear!!!!

So life will be better in future with AAIC.

So keep your eyes on it.

Good luck......!!!!

Teller · **210** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Dec 18, 2019 11:20 pm

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This time Ashok will not do any thing because his softlogic holding is running with billion loss now. Thats why they had to do 1.5 Billion cash flow absorbs through debentures. Only possible scenario he will use some pump and dump using this fund with recent appointed position

Sajeewa Niranjan · **211** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Dec 19, 2019 12:38 pm

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@Teller Can you please tell us couple of good
recommendation to buy these days most of the brokers are not giving proper information... Crying or Very sad

ColomboCSE · **212** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Dec 19, 2019 1:44 pm

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Is Softlogic bought Asian Alliance @ LKR 120 rit?

Gajaya · **213** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Dec 19, 2019 1:45 pm

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bump

Teller · **214** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Dec 19, 2019 3:28 pm

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Currently keep money in hand, dont buy anything

Sajeewa Niranjan · **215** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Dec 19, 2019 10:57 pm

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Teller wrote:Currently keep money in hand, dont buy anything

Thank you for the advice... Very Happy

wisdom79 · **216** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Fri Dec 20, 2019 11:40 pm

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Buy AAIC, collection is over. They have a profit than they expected. so better investment.

Good luck!!!

ColomboCSE · **217** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Dec 21, 2019 9:38 am

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wisdom79 wrote:Buy AAIC, collection is over. They have a profit than they expected. so better investment.

Good luck!!!

who is "They" Softlogic ? LOL Laughing

wisdom79 · **218** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Tue Dec 24, 2019 8:17 pm

wisdom79

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AAIC is getting hotter. During January and February it moves its highest!!!!

WE can hope 60 this time......!

kumarweerarathne · **219** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Tue Dec 24, 2019 10:22 pm

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This guy was promoting this share when it ws at 42 leves saying dat this wil hav profit of 3b bla bla and reach 60++ , and share dipped to 38 after recording low revenue in prev Q.. and again barking here... beware..!!

wisdom79 · **220** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Wed Dec 25, 2019 6:50 am

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See the report and talk. Compare with other insurance companies.

Then loll.......!!!!!

AAIC is the best at the moment. It must move up soon.

Dil123 · **221** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 11, 2020 8:43 pm

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Does anyone have any news about the progress of AAICs expansion to Africa?

kumarweerarathne · **222** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Jan 16, 2020 11:31 am

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@Wisdom දැන් සනීපද, දැන්වත් විකුනගනින්

KavinduTM · **223** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Thu Jan 16, 2020 11:45 am

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kumarweerarathne wrote:@Wisdom දැන් සනීපද, දැන්වත් විකුනගනින්

wisdom79 · **224** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Fri Jan 17, 2020 5:49 pm

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big quantity crossed at 37 and it has a great profit above 3 billion. So why to sell off in vain.

I am waiting while collecting!!!!!!!

Lollll!!!!!

ColomboCSE · **225** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 6:07 pm

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I'm wondering why Mr. Pathirage didn't buy this b'cos he was brought this 2011 LKR120...

remind me old days Mr. Jayawardhana Vs Mr. Pathirage @ Asiri group... Mr. Pathirage entered Asiri and Mr. Jayawardhana exit.

now again Mr. Jayawardhana entered Softlogic Life...

Teller · **226** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 8:19 pm

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These all are part of the dirty game. Local businessman manipulate the market artificially with their own foreign companies . SOftlogic holding group is going to bankruptcy now. They are shortage of huge cash thats the reason they issued debentures . At leat another 5 billion requires to run the business. I believe SHL share price will come below 10/-

ThilinaM · **227** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 8:45 pm

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@Teller - what you think about SCAP . it seems undervalued?? i have not done a detail analysis

Teller · **228** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 8:57 pm

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Dont touch SCAP, even its the holding company

ThilinaM · **229** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 9:02 pm

ThilinaM

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@Teller - what is the value of softlogic life . im thinking to buy if it come below 27??? Slife is growing very fast.
it many be the future ??? what do u think???

Teller · **230** Re: SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000) Sat Jan 18, 2020 9:58 pm

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From begining i was recomeding this share , even earlier prior to split. You can read my articles . How ever recent market doesnt have wings. So 50:50

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SOFTLOGIC LIFE INSURANCE PLC (AAIC.N0000)

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