$100K timely dividend

SUN Insurance Company Limited announced a total of $104,166.50 in interim dividend that have been distributed to all staff highlighting their commitment to their workforce.

Sun Insurance chairman Padma Lala in his speech at yesterday’s announcement acknowledged the hard work and support staff have played in the 25 years of driving the company to success.

“It’s their passion and perseverance that propelled us forward and allowed us to reach new heights,” Mr Lala said.

“Each team member are vital to our achievements.”

He said this was the first time they had chosen to distribute part of Sun Insurance shareholder dividends to be paid to their entire workforce without employees purchasing shares as their token of generosity towards their hardworking employees.

“The founding families of Sun Insurance have long valued the importance of acknowledging employee contributions,” he said.

“They generously allocated $5million in shares as an employee trust even before public shares were issued, ensuring that even all employees benefited from the company’s success.”

He further said that Sun’s 65 employees would share the dividends amounting to $104,166.50 that were distributed to the employee’s trust, noting that it would be a way to foster a more unified team committed to Sun Insurance’s success in the future.

Sun Insurance manager Underwriting, Eleni Adiyawa, expressed her sentiments after the announcement highlighting that it was momentous for the staff at Sun Insurance.

“We are overwhelmed, we are happy, and we are grateful to our founders for looking out for everyone here at Sun Insurance,” Ms Adiyawa said.

“We have talked about it among ourselves and sharing that this payout will go back to our families especially our Christmas preparations and other things we want to use it for.”

Sun Insurance general manager operations, Thomas Naua expressed his appreciation to the company sharing his experience as an employee for the last 25 years.

“I have been here for a long time, and I have experienced the company’s ups and downs we went through many adversities of the company, but we stayed because we believed in the leadership we had and the work environment here at Sun Insurance,” he said.

He said the payout was a huge morale booster for the staff.

“The timing of the payment just before Christmas, for myself and the staff we are very grateful for the generosity from our founding members for having to offer this share scheme without any cost to the staff,” Mr Naua said.

NOTE: This article was first published in the print version of the Fiji Times dated December 24, 2024.