HNB Assurance Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Lasitha Wimalaratne

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	4.3yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO

Lasitha Wimalaratne

2.3yrs

Tenure

Mr. Lasitha Wimalaratne, B.A (Hons), MBA, FCII, ANZIIF (Fellow), ACIM, serves as Chief Executive Officer of HNB Assurance PLC since January 1, 2022 and served as its Chief Operating Officer since 2020. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lasitha Wimalaratne	Chief Executive Officer	2.3yrs	no data	no data
Punsirini Perera	CFO & GM	no data	no data	no data
Mahendra Wilegoda	Head of Operations	no data	no data	no data
Nilesh Amarasinghe	Chief Investment & Strategy Officer and GM	no data	no data	no data
Dinesh Udawatta	CTO & GM	no data	no data	no data
Suneth Jayamanne	Chief Information Officer & GM	4.3yrs	no data	no data
Salinda Perera	Head of Administration	no data	no data	no data
Dinesh Yogaratnam	Chief Marketing & Customer Experience Officer and GM	no data	no data	no data
Dinuka Pattikiriarachchi	Chief Human Resource Officer	no data	no data	no data
Geethani Saram	Head of Support Services	no data	no data	no data
Hiran Fernandopulle	Head of Life Distribution	no data	no data	no data
Jude Benjamin	Chief Business Officer of Personal Lines & Branch Network - HNB General Insurance Limited	7.4yrs	no data	no data

4.3yrs

Average Tenure

Experienced Management: HASU.N0000's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mirihana Rose Chandralatha Cooray	Non-Independent Non-Executive Chairperson	8.8yrs	no data	0.075% LKR 6.5m
Lintotage Udaya Fernando	Non-Independent Non-Executive Director	5.2yrs	no data	no data
Stuart Chapman	Non-Executive Non-Independent Director	5.2yrs	no data	0.00033% LKR 28.4k
Ashoka Goonesekere	Non-Executive Independent Director	2.4yrs	no data	no data
Lokugan Hewage Ananda Silva	Independent Non-Executive Director	less than a year	no data	no data
Prasad Samarasinghe	Alternate Director	4.3yrs	no data	no data
Sankalpa Gamwarige	Independent Non-Executive Director	less than a year	no data	no data
Prawira Saldin	Non-Independent Non-Executive Director	less than a year	no data	no data

3.4yrs

Average Tenure

Experienced Board: HASU.N0000's board of directors are considered experienced (3.4 years average tenure).

HNB Assurance Management

Management criteria checks 2/4

Key information

Recent management updates

HNB Assurance PLC Announces Board Secretary Changes

HNB Assurance Appoints Two Independent Non-Executive Directors

Sivakumar Selliah Retires from the Office of Senior Independent Non-Executive Director of HNB Assurance PLC

HNB Assurance PLC Announces Management Changes

Key Executive recently bought LK₨214k worth of stock

Board Member recently bought LK₨490k worth of stock

Recent updates

HNB Assurance PLC Announces Board Secretary Changes

Upcoming dividend of LK₨3.90 per share

Full year 2023 earnings released: EPS: LK₨11.76 (vs LK₨12.20 in FY 2022)

Dividend increased to LK₨3.90

HNB Assurance Appoints Two Independent Non-Executive Directors

New minor risk - Profit margin trend

Third quarter 2023 earnings released: EPS: LK₨1.13 (vs LK₨6.91 in 3Q 2022)

Second quarter 2023 earnings released: EPS: LK₨1.42 (vs LK₨1.69 in 2Q 2022)

Sivakumar Selliah Retires from the Office of Senior Independent Non-Executive Director of HNB Assurance PLC

HNB Assurance PLC Announces Management Changes

First quarter 2023 earnings released: EPS: LK₨1.35 (vs LK₨1.57 in 1Q 2022)

Upcoming dividend of LK₨3.65 per share at 7.3% yield

Full year 2022 earnings released: EPS: LK₨12.20 (vs LK₨8.16 in FY 2021)

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: LK₨6.92 (vs LK₨1.20 in 3Q 2021)

Third quarter 2022 earnings released: EPS: LK₨6.92 (vs LK₨1.20 in 3Q 2021)

Second quarter 2022 earnings released: EPS: LK₨1.69 (vs LK₨1.26 in 2Q 2021)

Key Executive recently bought LK₨214k worth of stock

HNB Assurance PLC Declares A First and Final Dividend for the Year 2021

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

Board Member recently bought LK₨490k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued

Chairperson recently bought LK₨223k worth of stock

Second quarter 2021 earnings released: EPS LK₨1.26 (vs LK₨2.03 in 2Q 2020)

Chairperson recently bought LK₨218k worth of stock

Board Member recently bought LK₨41m worth of stock

Board Member recently bought LK₨550k worth of stock

First quarter 2021 earnings released: EPS LK₨0.64 (vs LK₨1.31 in 1Q 2020)

Upcoming dividend of LK₨2.80 per share

Full year 2020 earnings released: EPS LK₨7.84 (vs LK₨6.74 in FY 2019)

Chairperson recently bought LK₨65k worth of stock

Full year 2020 earnings released: EPS LK₨7.84 (vs LK₨6.74 in FY 2019)

Chairperson recently bought LK₨180k worth of stock

Independent Non-Executive Director recently sold LK₨1.7m worth of stock

Independent Non-Executive Director recently sold LK₨153m worth of stock

Independent Non-Executive Director recently sold LK₨153m worth of stock

HNB Assurance PLC, Annual General Meeting, Mar 31, 2021

Board Member recently sold LK₨8.4m worth of stock

Third quarter 2020 earnings released: EPS LK₨2.33

Market bids up stock over the past week

New 90-day high: LK₨150

New 90-day high: LK₨135

First half earnings released

New 90-day high - LK₨126

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure