Arpico Insurance demonstrates exceptional performance with Rs. 235 m PAT

Wednesday, 25 June 2025 00:06 - - {{hitsCtrl.values.hits}}

Chairman Ramal Jasinghe

Executive Director and Chief Executive Officer

Dr. Kelum Senanayake

Arpico Insurance PLC has recorded a profound performance resurgence from the preceding year, with an exceptional Profit After Tax (PAT) of Rs. 235 million for the year 2024.

In a statement the Company said this commendable increase in profitability is directly attributed to the collective engagement of the entire staff, including the dedicated field salesforce, operating under the leadership of Executive Director and Chief Executive Officer Dr. Kelum Senanayake. This joint effort was further bolstered by the strategic guidance and complementary expertise of the Board of Directors, comprising Chairman Ramal Jasinghe, Shiron Gooneratne, Dr. Kelum Senanayake, Yudi Kanagasabai, and Rohan Muttiah – prominent professionals embodying extensive experience and proficiency.

This achievement underscores the company’s resilience, strategic focus, and unwavering commitment to deliver value to its stakeholders amidst any challenge. The journey to victory has been arduous, with bold decisions being taken by the Company on critical areas that are essential to the success of a Life Insurance business and these actions as a result, have demonstrated extraordinary fortitude and foresight in navigating evolving market complexities and dynamics. The Company’s ability to achieve such a robust recovery is a testament to its strong leadership, dedicated workforce, and processes that enhance the confidence of our policyholders and stakeholders.

Chairman Ramal Jasinghe said: “We are very happy of this achievement, and realise that the journey to success continues. It is the belief and trust vested in the capabilities of our Team members, including the Executive Director and CEO, to respond and deliver such positive results in a challenging environment, which validates the strength of our strategic initiatives and the dedicated efforts of our entire team. This performance is a clear indication of the firm loyalty of our policyholders and the very positive attitude of our Team.”

Executive Director and CEO Dr. Kelum Senanayake said: “This achievement is a result of well-planned efforts, hard work and dedication, as well as the trust and confidence placed on us by our valued customers. We have navigated through numerous obstacles with precise strategic movements, focusing mainly on sustainable growth and operational efficiency.”

“This financial performance is not just a number; it represents our commitment to delivering value and maximising the returns to our investors, while ensuring the financial security of all our stakeholders. Despite less-than-ideal conditions the Company posting a Rs.235 million PAT indicates an impressive rebound and reinforces Arpico Insurance PLC’s position as a significant and notable player in the Sri Lankan insurance industry.”

Arpico Insurance PLC expressed its sincere gratitude to its customers, employees, partners, and all stakeholders for their continued support and trust. The company is committed to upholding the highest standards of integrity and transparency in all its operations and will continue to focus on sustainable growth and operational excellence, while contributing to the growth and stability of the Sri Lankan economy.

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