Tuesday Sep 02, 2025
Tuesday Sep 02, 2025
Tuesday, 2 September 2025 02:42 - - {{hitsCtrl.values.hits}}
Executive Chairman R. Renganathan (left) and Managing Director/CEO Thushara Ranasinghe
Ceylinco Life yesterday said it has reported a Gross Written Premium (GWP) income of Rs. 22.45 billion and total income of Rs. 36.5 billion for the first half of 2025.
The company said the GWP income for the six months ending 30 June 2025 was up 12.5% over the corresponding period of last year, while investment and other income for the period totalled Rs. 14.04 billion, resulting in consolidated income growing by 7.3%.
Total assets reached Rs. 266.38 billion as at 30 June 2025, reflecting an increase of 5.9% or Rs. 14.94 billion over six months, at an average of Rs. 2.5 billion a month.
The company’s investments portfolio grew by 6.77% over the period to Rs. 237.5 billion, while the Life Fund increased by 7.6% to Rs. 194.7 billion, a growth of Rs. 13.8 billion since end-2024.
“Our performance in the first half of the year demonstrates the unwavering emphasis we place on our core business of protection, with premium income contributing substantially to revenue growth,” Ceylinco Life Executive Chairman R. Renganathan noted. “The growth in life insurance business reaffirms that Ceylinco Life remains the largest life insurer in Sri Lanka in 2025, by a margin of more than Rs. 3.72 billion over the second-placed life insurance company, which is attributable to the trust and confidence of the millions of lives we protect.”
Ceylinco Life paid Rs. 15.14 billion in net claims and benefits to policyholders for the six months under review, an increase of 8.3% over the first half of the preceding year. The company posted a Profit Before Tax of Rs. 3.1 billion and net profit of Rs. 2.08 billion for the six months.
In key financial ratios, Ceylinco Life’s basic Earnings Per Share for the six months amounted to Rs. 41.63, while net assets value per share stood at Rs. 1,238.87 as at 30 June 2025, representing a growth of 9.1%.
The company was ranked the Most Valuable Insurance Brand in Sri Lanka and the 22nd Most Valuable Brand in the country overall by Brand Finance earlier this year, and was also voted the Peoples Life Insurance Service Provider of the Year for the 19th consecutive year in 2025. Adjudged Sri Lanka’s Brand of the Year in 2022 and 2023, Ceylinco Life was named one of the 10 Most Admired Companies in Sri Lanka in 2023 by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA).
