Union Assurance

Union Assurance PLC

Current logo was introduced in 2020 which depicts the "circle of life"[1]
Company type	Public
Traded as	CSE: UAL.N0000
ISIN	LK0179N00008
Industry	Insurance
Founded	January 8, 1987; 37 years ago (1987-01-08)
Headquarters	Colombo , Sri Lanka
Number of locations	85 (2023)
Key people	Krishan Balendra (Chairman) Senath Jayatilake (Chief Executive Officer)
Revenue	LKR29.958 billion (2023)
Operating income	LKR4.944 billion (2023)
Net income	LKR3.758 billion (2023)
AUM	LKR83.420 billion (2023)
Total assets	LKR95.670 billion (2023)
Total equity	LKR24.161 billion (2023)
Number of employees	780 (2023)
Parent	John Keells Holdings
Website	unionassurance.com
Footnotes / references [2]

Union Assurance PLC is an insurance company in Sri Lanka. Union Assurance was founded in 1987 and was listed on the Colombo Stock Exchange in the following year. In 2009, John Keells Holdings acquired a controlling stake in the company. The company divested its general insurance business to Fairfirst Insurance and focused on life insurance in 2015. The company was a constituent of Forbes Asia's Best Under a Billion list in 2018. Union Assurance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in Sri Lanka.