Investor Presentaiton
Financial Services: Q2 2023/24
Union Assurance PLC
Q2 Earnings Update:
John
Keells
Group
Key performance
indicators (%)
Q2
2022/23 2022/23
(Jul-Sep (Oct-Dec
2022) 2022)
Q3
2023)
Q4
Q1
Q2
2022/23 2023/24 2023/24
(Jan-Mar (Apr-Jun (Jul-Sep
2023)
(Rs. mn)
Q2
2023/24
Q2
2022/23
2023)
EBITDA
1,702
1,104
GWP growth
3
3
5
21
15
Net profit (Rs. Million)
297
1,970
445
469
435
Net profit growth
5
44
105
79
46
Nations Trust Bank PLC
NTB recorded a strong growth in profitability
driven by net interest income through
proactive asset liability management.
UA recorded encouraging double-digit growth
in gross written premiums, driven by renewal
premiums and higher yields on investments.
Q2
Key performance
indicators (%)
Q3
2022/23 2022/23 2022/23
(Jul-Sep (Oct-Dec (Jan-Mar
Q4
Q1
Q2
2023/24
2023/24
(Apr-Jun
(Jul-Sep
2022)
2022)
2023)
2023)
2023)
Net profit growth
52
16
79
208
29
Loan growth
7
(3)
(11)
(14)
1
Net Interest Margin
8.1
7.0
8.0
7.6
6.7
Stage 3 loan ratio (net)
2.5
2.6
3.4
3.4
3.3
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