Friday Nov 07, 2025
Friday Nov 07, 2025
Tuesday, 21 October 2025 05:43 - - {{hitsCtrl.values.hits}}
Sri Lanka Insurance Chairman Nusith Kumaratunga (centre) with SLIC Life Chief Officer Dayarathna Perera, Chief Financial Officer Shriyani Kulasinghe, SLIC General CEO Dr. Sameera Dharmasena, and Chief Officer Asiri Wickramaarachchi at media briefing
Sri Lanka Insurance Life (SLIC Life) said yesterday it has recorded an impressive performance for the nine months ending 30 September, reflecting the company’s exceptional business strength and resilience.
The company posted a profit before taxation of Rs. 23.9 billion, marking an 11% growth, while achieving a Gross Written Premium (GWP) of Rs. 23.6 billion, a robust 32% year-on-year increase. SLIC Life also recorded a significant rise in New Business premiums, reaching Rs. 5.4 billion, a remarkable 61% growth, reinforcing its position among the top-performing life insurers in the country. Profit After Tax (PAT) for the period stood at Rs. 22 billion, reflecting the company’s strong financial governance and operational excellence.
Further demonstrating its commitment to policyholders, the company disbursed Rs. 13.2 billion in claims and maturity settlements during the nine-month period, averaging Rs. 1.5 billion per month, a 49% increase compared to the same period last year. This performance underscores SLIC Life’s financial strength and unwavering focus on delivering on its promises to customers. With an asset base of Rs. 264 billion and the largest Life Fund in the industry at Rs. 239 billion, SLIC Life continues to display unmatched financial stability and prudent management.
As a State-owned insurer, SLIC Life continues to play a pivotal role in national economic development. During the period, the company paid Rs. 0.9 billion in taxes and maintained significant investments of Rs. 115 billion in Government securities, reflecting its contribution to fiscal stability and economic growth. Sri Lanka Insurance Corporation (SLIC) further strengthened the Treasury through dividend payments of Rs. 1.5 billion in 2025, a 17% increase from the previous year reinforcing the group’s role as a key contributor to national revenue and supporting economic progress.
In line with its continued success, the company recently declared a record Rs. 12.5 billion in annual bonuses for 2024, the highest in the Sri Lankan life insurance industry. This brings the cumulative bonus declarations since 2006 to Rs. 116.6 billion, reflecting the company’s strong investment performance and long-term commitment to delivering value to its policyholders.
With an exceptional nine-month performance in 2025, Sri Lanka Insurance Life has further strengthened its leadership in the life insurance sector while upholding its core values of protection, trust, and care. As the company continues its journey of growth and transformation, it remains focused on innovation, customer confidence, and delivering lasting value to policyholders and the nation at large.
