Friday Jul 31, 2026
Friday Jul 31, 2026
Thursday, 30 July 2026 05:38 - - {{hitsCtrl.values.hits}}
Sanasa Life Insurance Company PLC on Tuesday said its Capital Adequacy Ratio (CAR) improved to 123% as at 30 June 2026, while Total Available Capital (TAC) increased to Rs. 941.6 million, maintaining capital levels above the minimum regulatory requirements.
The latest disclosure follows the company’s earlier announcement on 3 July and comes after the Insurance Regulatory Commission of Sri Lanka lifted the suspension on Sanasa Life’s long-term insurance registration earlier this month, subject to regulatory conditions.
Sanasa Life said the improvement was based on its capital adequacy assessment as at 30 June.
The insurer also disclosed that proceeds from its unlisted debenture issue, which had been held in an escrow account pending the fulfilment of regulatory conditions, were released on 21 July.
The funds have since been invested in Government securities in accordance with regulatory requirements.
The company said its capital position continues to remain above the regulatory minimum thresholds following the release and deployment of the debenture proceeds.
