Softlogic Life surpasses Rs. 40 b GWP in FY25; doubles key financial metrics over four years

Chairman Ashok Pathirage

Managing Director Iftikar Ahamed

 Posts Profit After Tax of Rs. 4.7 b

 Return on Equity at 39% and Earnings Per Share at Rs. 14.79

 Completes acquisition of Allianz Life Insurance Lanka

Softlogic Life has delivered a strong financial performance for the year ended 31 December 2025, recording a Gross Written Premium (GWP) of Rs. 40.1 billion delivering a robust year-on-year growth of 27% whilst taking significant strides to expand and further develop its business portfolio with the addition of the Allianz Life Insurance Lanka business. 

Softlogic Life market share now stands at 18.4% with the highest absolute growth of Rs 10.1 billion in the Life Insurance industry for 2025. 

Over the past four years, Softlogic Life has delivered a strong trajectory of value creation, doubling its key performance indicators including Profit After Tax (PAT), Profit Before Tax (PBT), Gross Written Premium (GWP) and Earnings Per Share (EPS), reflecting sustained growth momentum, disciplined execution and strengthening market leadership. The Company’s GWP has grown from Rs. 20 billion in 2021 to Rs. 40 billion in 2025, alongside consistent expansion in profitability and enhanced shareholder returns.

Over the longer term, Softlogic Life has demonstrated superior growth, recording an impressive 10-year GWP Compound Annual Growth Rate (CAGR) of 26%, significantly outperforming the industry’s CAGR of 16%. The Company has also delivered a Return on Equity (ROE) exceeding 30%, underscoring strong operational performance, efficient capital management and clear leadership on core industry performance metrics.

Softlogic Life reported a Profit After Tax of Rs. 4.7 billion for FY25, with Earnings Per Share increasing to Rs. 14.79, demonstrating enhanced value creation for shareholders. The Company’s 10-year average of Return on Equity (ROE) stood at 32.4%, continuing its strong track record of delivering consistent and superior shareholder returns. Total assets grew to Rs. 68.6 billion, supported by a well-diversified and prudently managed investment portfolio. Meanwhile, the Company maintained a Capital Adequacy Ratio of 245%, significantly above the regulatory requirement of 120%, reinforcing its robust capital position and balance sheet resilience.

The company further solidified its standing in the local life insurance industry, expanding the largest customer franchise in the market and reinforcing its position as the nation’s largest health insurer, with over 840,000 policies covering 1.3 million Sri Lankan lives. This positions Softlogic Life as the largest customer franchises in the local life insurance industry and reinforces its standing as the country’s largest health insurer.

During the year, Softlogic Life paid Rs. 19.4 billion in claims and benefits, including Rs. 13.2 billion towards health and protection claims, reaffirming its position as the industry’s highest claims payer and a trusted financial safety net for Sri Lankan families during times of illness, hospitalisation, or unforeseen events. With 90% of claims settled within one day, customers receive rapid access to funds when they need it most. This speed and efficiency are enabled by the company’s AI-driven claims platform, recognised with a leading Asia Insurance Award for AI innovation. In a country where out-of-pocket healthcare expenses remain a significant burden, such timely settlements play a vital role in easing financial pressure and safeguarding long-term household stability.

Chairman Ashok Pathirage said: “Softlogic Life’s continued growth reflects the strength of our long-term strategy, disciplined execution, and unwavering focus on customer trust. As we continue to stand strong as the country’s largest health insurer, our priority remains delivering sustainable growth while building a strong protection culture that supports financial security for Sri Lankan families.”

A major strategic milestone during the year was signing of the $ 15 million long-term capital investment by Norfund and OP Finnfund. This marks Norfund’s second investment in Softlogic Life since 2020 and reflects strong confidence in the company’s governance, growth trajectory, and role in strengthening financial resilience across Sri Lanka. The new capital supports expansion of inclusive protection solutions, including microinsurance offerings, while further strengthening the company’s capital base.

Softlogic Life also successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Ltd., (Life Business) following regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). First announced on 26 March 2025, the acquisition enhances the company’s scale, customer reach, and long-term growth platform within the Sri Lankan life insurance sector.

The company continues to invest in AI-driven and digital capabilities to enhance accessibility and service delivery. Automated underwriting, faster claims processing, and digital health integrations reduce administrative barriers and improve customer experience across income groups and geographic regions. These advancements enable the company to scale protection products nationally while maintaining operational efficiency.

Managing Director Iftikar Ahamed said: “Our performance in 2025 reflects a clear focus on protection-led growth, customer trust, and execution excellence. Beyond financial outcomes, our success is measured by the confidence placed in us by the millions of Sri Lankans we protect. Acquisition of the Sri Lankan life insurance arm of the world number one insurer Allianz Insurance and the partnership with Norfund and OP Finnfund strengthens our capacity to expand access to insurance, invest in innovation, and build long-term value for our policyholders and stakeholders.”