Sri Lanka Insurance Life maintains growth trajectory
View(s):Sri Lanka Insurance Life (SLIC Life) has recorded an impressive performance for the nine months ending September 30, 2025, reflecting the company’s exceptional business strength and resilience.
The company posted a profit before taxation of Rs. 23.9 billion, marking an 11 per cent growth, while achieving a Gross Written Premium (GWP) of Rs. 23.6 billion, a robust 32 per cent year-on-year increase, the company said in a media release.
SLIC Life also recorded a significant rise in New Business premiums, reaching Rs. 5.4 billion, a 61 per cent 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.
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 per cent increase compared to the same period last year. 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. SLIC further strengthened the Treasury through dividend payments of Rs. 1.5 billion in 2025.
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.
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