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Union Assurance (COL:UAL.N0000) Altman Z-Score


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What is Union Assurance Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Union Assurance (COL:UAL.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 20, St. Michael's Road, Union Assurance Centre, Colombo, LKA, 03
Union Assurance PLC is engaged in the Life insurance business. It provides Life insurance solutions for both Individual and corporate customers. The company's operating segment includes the Policyholder Fund and Shareholder Fund. It generates maximum revenue from the Policyholder Fund segment. UA maintains five separate policy holder funds according to the following product types: Participating, Non-participating, Universal life, Unit linked, and Non-unit linked.