UNION ASSURANCE PLC
None (0)UAL.N0000 · Insurance
YoY trend
Governance
weight 25%Board composition, director tenure and turnover, committee effectiveness, succession gaps.
138.4 sub-score
Related-Party Transactions
weight 25%RPT disclosure volume and gaps, undisclosed amounts, large transactions, counterparty conflicts.
12.5 sub-score
Audit & Assurance
weight 20%Auditor qualifications, going-concern doubts, rotation and independence issues.
0.0 sub-score
Sentiment
weight 15%Tone divergence between public and risk sections, negative risk sentiment, obfuscation.
4.8 sub-score
Network
weight 15%Shared directors with risky peers, group spillover, structural links.
20.1 sub-score
Why this score?
low independent directors (+2) Governance
Independent directors 33.3% (below 33%)
no female directors (+1) Governance
No female directors on 30-member board
low independent directors (+2) Governance
Independent directors 16.7% (below 33%)
no female directors (+1) Governance
No female directors on 42-member board
low independent directors (+2) Governance
Independent directors 17.8% (below 33%)
Risk score history
Category contribution to the total score per report year; the selected year (2026) is highlighted.
Showing current links: active roles and relationships from the last 2 years.
Entity kind
This company — ring colour = risk band
Person
Company entity
Linked only via a relationship
Person / director
Listed company
Private company
Group / conglomerate
Fund / institutional
Risk band
None
Low
Moderate
High
Elevated
Connections
Role at this company
Related-party transaction
Subsidiary
Loan / advance
Other relationship
Recency
Current — full strength
~5 years old — about half
10+ years — faint floor
In Historical view, older links are drawn thinner and fainter: about half strength after 5 years (5-year half-life, same as risk scoring), never below a faint minimum. Links with no recorded year show at full strength.
Drag nodes to explore. Click a person or company-entity node to open its profile; click the company node or an edge for details. Keyboard: Tab to the graph, then ←/→ to move between nodes and Enter to open one. The Network summary panel lists the same connections as text.
Network summary
None
(0)
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Details
Select the company node or a relationship edge to inspect details here. Person nodes open their profile page.
Risk signals
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Sentiment over time
FinBERT softmax probabilities for the selected section.
Section × year negativity
| Section |
|---|
High (≥0.50)
Caution (0.20–0.50)
Mild (0.10–0.20)
Low (<0.10)
Sentiment divergence
Sections with average negative sentiment above 0.55 in the selected year range.
| Year | Section | Avg negative |
|---|
Related-party transactions
Transactions from the selected report year (2026) are highlighted. Amount bars are scaled to the largest transaction listed.
| From | Relationship | To | Year | Amount (LKR) | Description | Graph |
|---|---|---|---|---|---|---|
| Union Assurance PLC Listed company | DIVIDEND | shareholders Person / director | 2025 | — | First and final dividend of Rs. 5.00 per share declared on 28 February 2025 for the year ended 31 December 2024. | |
| KHL.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2024 | — | group_structure: Union Assurance PLC (subsidiary) | |
| Union Assurance PLC Listed company | SUBSCRIPTION | Bloomberg Finance L.P. Private company | 2024 | — | UA subscribed to the Bloomberg Terminal service and data products owned and distributed by Bloomberg Finance L.P. | |
| ABL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2024 | — | corporate_governance: Union Assurance PLC (related) | |
| Union Assurance PLC Listed company | DIVIDEND | shareholders Person / director | 2024 | 5,156,250,000 | Dividend paid for the previous year. | |
| Union Assurance PLC Listed company | NON_AUDIT_FEE | KPMG Private company | 2024 | 9,133,000 | Non-audit fees paid to external auditors KPMG for the year 2024. | |
| KHL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2024 | — | group_structure: Union Assurance (related) | |
| Union Assurance PLC Listed company | AUDIT_FEE | KPMG Private company | 2024 | 6,301,000 | Audit and audit related fees paid to external auditors KPMG for the year 2024. | |
| Union Assurance PLC Listed company | AUDIT_FEES | KPMG Private company | 2023 | 5,998,000 | Audit and audit related fees paid/payable to external auditors KPMG for the year 2023. | |
| Union Assurance PLC Listed company | AUDIT_FEE | KPMG Private company | 2023 | 5,998,000 | Audit and audit related fees paid to external auditors KPMG for the year 2023. | |
| Union Assurance PLC Listed company | NON_AUDIT_FEE | KPMG Private company | 2023 | 6,955,000 | Non-audit fees paid to external auditors KPMG for the year 2023. | |
| TSML.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2023 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| KFP.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2023 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| Union Assurance PLC Listed company | NON_AUDIT_FEES | KPMG Private company | 2023 | 1,476,000 | Non-audit fees paid/payable to external auditors KPMG for the year 2023. | |
| KHL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2023 | — | group_structure: Union Assurance PLC (related) | |
| AAIC.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2023 | — | mda: Union Assurance (related) | |
| AGAL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2023 | — | corporate_governance: Union Assurance PLC (related) | |
| ABL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2023 | — | corporate_governance: Union Assurance PLC (related) | |
| KFP.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2022 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| CTC.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2022 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| KHL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2022 | — | corporate_governance: Union Assurance PLC (related) | |
| AGAL.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2022 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| Union Assurance PLC Listed company | AUDIT_RELATED_FEES | KPMG Private company | 2021 | 5,311,000 | Audit and audit related fees paid/payable to KPMG for services provided during 2021. | |
| The Company Private company | REMUNERATION | D P Gamlath Person / director | 2021 | — | Approved payment of remuneration to D P Gamlath comprising short-term variable incentive and long-term incentive plan based on FY2019/20 results. | |
| KHL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2021 | — | chairman_statement: Assurance PLC (UA) (related) | |
| Union Assurance PLC Listed company | NON_AUDIT_FEES | KPMG Private company | 2021 | 3,122,000 | Non-audit fees paid/payable to KPMG for services provided during 2021. | |
| Union Assurance PLC Listed company | DIVESTITURE | Fairfax Asia Limited Private company | 2021 | — | Union Assurance segregated its Life and Non-Life businesses and divested 78% of the Non-Life business to Fairfax Asia Limited. | |
| Union Assurance PLC Listed company | PARTNERSHIP | Health Promotion Bureau of Sri Lanka Private company | 2021 | — | Partnered with the Health Promotion Bureau of Sri Lanka to create awareness on COVID-19 protection. | |
| ABL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2021 | — | corporate_governance: Union Assurance (related) | |
| Union Assurance PLC Listed company | COMMUNITY_PROGRAM | Cinnamon Hotels & Resorts Private company | 2021 | — | Collaborated to distribute over 3,000 meals to persons displaced by floods under the 'Meals that Heal' program. | |
| Union Assurance PLC Listed company | DONATION | Department of Probation and Child Care Services Private company | 2021 | — | Contributed 50 devices to support online education as part of National Children's Day programs. | |
| Union Assurance PLC Listed company | CONTRIBUTION | Employees’ Provident Fund (EPF) Fund / institutional | 2021 | 83,609,000 | Employer contribution to Employees Provident Fund for the year. | |
| KFP.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2021 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| Union Assurance PLC Listed company | PROCUREMENT | MAN Private company | 2021 | — | Electronic waste was recycled through MAN according to regulations. | |
| Union Assurance PLC Listed company | BANCASSURANCE_PARTNERSHIP | Nations Trust Bank Fund / institutional | 2021 | — | Renewed the preferred bancassurance partnership with Nations Trust Bank. | |
| Union Assurance PLC Listed company | BANCASSURANCE_PARTNERSHIP | Union Bank Private company | 2021 | — | Restructured the bancassurance partnership with Union Bank. | |
| AGAL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2021 | — | corporate_governance: Union Assurance PLC (related) | |
| Union Assurance PLC Listed company | BANCASSURANCE_PARTNERSHIP | Standard Chartered Bank Private company | 2021 | — | Entered into a new bancassurance partnership with Standard Chartered Bank. | |
| Union Assurance PLC Listed company | CONTRIBUTION | Employees Trust Fund Act Fund / institutional | 2021 | 20,902,000 | Employer contribution to Employees’ Trust Fund for the year. | |
| ABL.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2021 | — | corporate_governance: Union Assurance (subsidiary) | |
| CTC.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2021 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| AINS.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2020 | — | mda: Union Assurance (related) | |
| AGAL.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2020 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| CTC.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2020 | — | mda: Union Assurance PLC (subsidiary) | |
| UBC.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2020 | — | mda: Union Assurance PLC (related) | |
| Union Assurance PLC Listed company | PROCUREMENT | Carbon Consulting Company (Pvt) Ltd Private company | 2020 | — | Engaged Carbon Consulting Company (Pvt) Ltd for emissions monitoring on a consistent basis. | |
| Union Assurance PLC Listed company | PROCUREMENT | Ewis Peripherals Private company | 2020 | — | Used printer cartridges are recycled and reused in partnership with Ewis Peripherals. | |
| ABL.N0000 Group / conglomerate | RELATED | Union Assurance PLC Listed company | 2020 | — | corporate_governance: Union Assurance (related) | |
| Union Assurance PLC Listed company | INTERNAL_AUDIT_OUTSOURCING | PricewaterhouseCoopers Private company | 2020 | — | The Company outsourced its Internal Audit function to Messers. PricewaterhouseCoopers. | |
| Union Assurance PLC Listed company | EXTERNAL_AUDIT_SERVICES | KPMG Private company | 2020 | — | KPMG, the Company's External Auditors, performed an interim process audit and the year-end audit. | |
| Union Assurance PLC Listed company | PROCUREMENT | IBM Private company | 2020 | — | Implementation of IBM managed Security Operations Centre and security intelligence platforms. | |
| Union Assurance PLC Listed company | PROCUREMENT | Forestpin Private company | 2020 | — | Use of Forestpin analytical and risk alert tool for fraud detection. | |
| Union Assurance PLC Listed company | AUDIT_AND_AUDIT_RELATED_FEES | Messrs. KPMG Private company | 2020 | 7,873,000 | Audit and audit related fees paid or payable for services provided during 2020. | |
| Union Assurance PLC Listed company | NON_AUDIT_FEES | Messrs. KPMG Private company | 2020 | 2,423,000 | Non-audit fees paid or payable for services provided during 2020. | |
| Cornhill (Private) Limited Private company | ACQUISITION | Union Assurance PLC Listed company | 2020 | — | Merger of the Company and Cornhill (Private) Limited; Cornhill's assets and liabilities were absorbed into the life policyholders. | |
| Union Assurance PLC Listed company | NON_AUDIT_FEES | Messrs. KPMG Private company | 2019 | 3,059,000 | Non-audit fees paid or payable for services provided during 2019. | |
| AGAL.N0000 Group / conglomerate | SUBSIDIARY | Union Assurance PLC Listed company | 2019 | — | corporate_governance: Union Assurance PLC (subsidiary) | |
| Union Assurance PLC Listed company | AUDIT_AND_AUDIT_RELATED_FEES | Messrs. KPMG Private company | 2019 | 8,382,000 | Audit and audit related fees paid or payable for services provided during 2019. | |
| Union Bank Private company | BANCASSURANCE_AGREEMENT | Union Assurance PLC Listed company | 2018 | — | Union Bank entered into a long-term exclusive Bancassurance agreement with Union Assurance PLC to offer life insurance products to its customers. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2017 | 1,117,000,000 | VAT and NBT on Financial Services assessment for year of assessment 2017 including penalty, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2016 | 708,000,000 | VAT and NBT on Financial Services assessment for year of assessment 2016 including penalty, disputed by Union Assurance with appeal lodged. | |
| Union Assurance PLC Listed company | DIVESTITURE | Fairfax Asia Limited Private company | 2015 | — | Union Assurance segregated its Life and Non-Life businesses and divested 78% of the Non-Life business to Fairfax Asia Limited. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2015 | 1,248,000,000 | Income tax assessment for year of assessment 2015/16 including penalty, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2014 | 1,330,000,000 | Income tax assessment for year of assessment 2014/15 including penalty, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2013 | 263,000,000 | Income tax assessment for year of assessment 2013/14 including penalty, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2012 | 644,000,000 | Income tax assessment for year of assessment 2012/13 including penalty, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2011 | 132,000,000 | Income tax assessment for year of assessment 2011/12, disputed by Union Assurance with appeal lodged. | |
| Inland Revenue Department Private company | TAX_ASSESSMENT | Union Assurance PLC Listed company | 2010 | 13,000,000 | Income tax assessment for year of assessment 2010/11, disputed by Union Assurance with appeal lodged. |
Edge thickness
Total LKR with the counterparty (log scale)
Undisclosed amounts: thickness = transaction count (half scale)
Edge age (opacity)
Recent — full strength
~5 years old — 50%
10+ years — 25% floor
Nodes
This company — ring colour = risk band
Person
Company entity — ring colour = its risk band when listed
Click or hover an edge for year, amount and description of each transaction with that counterparty. Keyboard: Tab to the graph, then ←/→ to move between nodes and Enter to open one. The table view above lists the same transactions as text.
RPT graph summary
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Counterparty
Select an edge to inspect its transactions here. Counterparty nodes open their profile page.
| Year | Type | Period | Title | Pipeline DEP | Extraction DEP | Status |
|---|---|---|---|---|---|---|
| 2026 | Quarterly Report | Q3 | Interim Financial Statements for the Quarter ended 30th June 2026 | 3.0 | — | completed |
| 2025 | Annual Report | — | UAL.N0000 Annual Report 2025 | 3.0 | 1.0 | completed |
| 2024 | Annual Report | — | UAL.N0000 Annual Report 2024 | 3.0 | 1.0 | completed |
| 2023 | Annual Report | — | UAL.N0000 Annual Report 2023 | 3.0 | 1.0 | completed |
| 2022 | Annual Report | — | UAL.N0000 Annual Report 2022 | — | — | failed |
| 2021 | Annual Report | — | UAL.N0000 Annual Report 2021 | 3.0 | 1.0 | completed |
| 2020 | Annual Report | — | UAL.N0000 Annual Report 2020 | 3.0 | 1.0 | completed |
| 2019 | Annual Report | — | UAL.N0000 Annual Report 2019 | — | — | failed |
| 2018 | Annual Report | — | UAL.N0000 Annual Report 2018 | — | — | failed |
| 2017 | Annual Report | — | UAL.N0000 Annual Report 2017 | — | — | failed |
| 2016 | Annual Report | — | UAL.N0000 Annual Report 2016 | — | — | failed |
| 2015 | Annual Report | — | UAL.N0000 Annual Report 2015 | — | — | pending |
| 2014 | Annual Report | — | UAL.N0000 Annual Report 2014 | — | — | pending |
| 2013 | Annual Report | — | UAL.N0000 Annual Report 2013 | — | — | pending |
| 2012 | Annual Report | — | UAL.N0000 Annual Report 2012 | — | — | pending |
Ask about UNION ASSURANCE PLC
Chat is scoped to UNION ASSURANCE PLC (UAL.N0000) reports — answers include the source chunks they were generated from.
Answer
Source chunks
Sector peers — Insurance
- PEOPLE'S INSURANCE PLC Elevated (38.3)
- JANASHAKTHI INSURANCE PLC None (0)
- CEYLINCO HOLDINGS PLC None (0)
- LOLC GENERAL INSURANCE PLC None (0)
- AMANA TAKAFUL PLC None (0)
- SOFTLOGIC CAPITAL PLC None (0)
On this board
- Himani Weerasekera Person / director Member of the Investment Committee
- Suresh Rajendra Person / director Chairperson of the GSC Committee
- Wanigasekera Person / director Member of the Investment Committee
- Mr. S.A Appleyard Person / director Director
- S Rajendra Person / director Director
- Vivek Jalan Person / director Appointed Actuary
- Mr. Daminda Prabath Gamlath Person / director Director
- Mr. Warnage Malinga De Fonseka Arsakularatne Person / director Director
Report summary
- Report year
- FY2026
- Total risk score
- 0.0 (None)
- Avg negative sentiment
- 0.06 (FY2026)
- Connected entities
- 45
- Extracted relationships
- 68
Generated 2026-09-17 from https://nanayojana.com/company/UAL.N0000 — methodology and limitations: https://nanayojana.com/methodology. Not investment advice.