Union Assurance PLC, Sri Lanka’s longest-standing private Life Insurer, has won the Silver Award in the Life Insurance category at the prestigious SAFA Best Presented Annual Report Awards 2024 for its 2024 Annual Report titled “Folds of Value”. This award highlights the Company’s excellence in financial reporting, corporate governance, and integrated reporting within the South Asian region.
Organised by the South Asian Federation of Accountants (SAFA), the awards celebrate organisations that uphold the highest standards of transparency, disclosure, and accountability. SAFA’s mission is to harmonise accounting and ethical standards across South Asia, recognising institutions that demonstrate quality and integrity in financial communication
The 2025 awards ceremony took place in Islamabad, bringing together regional leaders and institutions committed to governance excellence. Union Assurance’s Silver Award stands as the highest recognition earned by a Sri Lankan company in this category, reinforcing the insurer’s dedication to producing world‑class financial reporting aligned with international best practices.
Union Assurance is a subsidiary of John Keells Holdings PLC (JKH), the largest conglomerate listed on the Colombo Stock Exchange, operating with over 80 companies in 7 diverse industry sectors. The Company has completed over three decades of success with a Market Capitalisation of Rs. 46.2 Bn and a Life Fund of Rs. 91.1 Bn as of end September 2025. Set to protect lives and enrich the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover the health, investment, protection, retirement and education needs of Sri Lankans. With an island-wide branch network and a workforce that is over 3000-strong, Union Assurance continues to invest in people, products and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.