April, 22, 2026
Sri Lanka Insurance Life (SLIC Life) delivered a strong and well-balanced financial performance in 2025, reflecting sustained growth, disciplined execution, and continued customer confidence.
The Company reported a Profit Before Tax of Rs. 4.3 billion for the year, reflecting a solid underlying performance, while Gross Written Premium (GWP) grew by 24% to Rs. 32.6 billion. New Business Premium Income reached Rs. 7.56 billion, recording an exceptional 42% growth. This performance represents the highest growth among leading life insurers, underscoring the Company’s strong market momentum and expanding customer reach.
Demonstrating its unwavering commitment to policyholders, SLIC Life paid Rs. 16.2 billion in claims and maturity benefits during the year, while also declaring Rs. 12.5 billion in bonuses in 2025 for policies in force during 2024, the highest annual life insurance bonus in the Sri Lankan life insurance industry. This brings the cumulative bonus paid to policyholders since 2006 to Rs. 116.6 billion, reinforcing the Company’s consistent track record of delivering industry leading returns year after year.
The Company’s financial strength remained robust, with total assets increasing to Rs. 275 billion, while the Life Fund grew to Rs. 247 billion, further strengthening its position as the largest Life Fund in the industry.
Importantly, this performance translated into meaningful national contribution, with tax payments of Rs. 1.4 billion to the Government. Through these contributions, SLIC Life continues to support broader national development and economic stability.
Further showcasing the professional achievements of its dedicated sales force, SLIC Life achieved a record 351 MDRT qualifiers in 2025, the highest in the Company’s history reflecting the professionalism, productivity, and commitment of its sales force.
Chief Executive Officer of Sri Lanka Insurance Life, Mr. Nalin Subasinghe, commented, “The performance achieved in 2025 reflects disciplined execution, strong customer trust, and the exceptional commitment of our teams across the organisation. Our continued focus on customer centricity and operational excellence has positioned us strongly for sustained growth in the years ahead.”
Chairman of Sri Lanka Insurance, Mr. Nusith Kumaratunga, stated, “Sri Lanka Insurance Life continues to demonstrate resilience, strength, and long-term stability. These achievements are a reflection of the dedication and commitment of our people, whose efforts have been instrumental in delivering sustainable growth while contributing meaningfully to national economic progress.”
Building on this momentum, the Company has commenced 2026 on a strong footing. In January 2026, SLIC Life recorded GWP of Rs. 3.2 billion, reflecting a 22% year-on-year growth, while New Business Premium reached Rs. 717.6 million, marking a 20% increase, signaling continued positive momentum into the new financial year.
In 2025, SLIC Life continued to receive significant industry recognition. The Company was named the ‘Most Loved Life Insurance Brand’ for the eighth consecutive year and ranked among the top three most valuable life insurance brands in Sri Lanka. It also secured an A+(lka) National IFS rating with a stable outlook from Fitch Ratings, the only life insurer in the country to achieve this distinction while maintaining internationally recognised certifications including ISO 9001:2015, ISO/IEC 27001:2013, and ISO 14064-1:2018.
Beyond financial performance, SLIC Life remained committed to delivering meaningful social impact. Key initiatives included the Suba Pathum Scholarship programme supporting 225 students, the ‘Pasal Piriyatha Surakimu’ initiative benefiting 100 schools, and the nationwide World Children’s Day programme extending a free life insurance cover to parents of newborns. In response to the Ditwah cyclone, the Company also supported affected communities through relief efforts and contributions to national recovery initiatives.
With a strong financial foundation, sustained growth momentum, and a clear strategic direction, Sri Lanka Insurance Life is well positioned to continue strengthening its leadership in the life insurance industry while delivering long-term value to its policyholders and stakeholders.
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