HNB General Insurance Limited (HNBGI) announced its financial results for the year ended 31 December 2025, marking a milestone year of accelerated growth, strengthened financial resilience, and sustained business momentum.

The Company recorded a Gross Written Premium (GWP) of LKR 11.0 billion for 2025, reflecting a robust 21% growth compared to LKR 9.1 billion in 2024. This performance significantly outpaced the industry’s growth of 15%, demonstrating the Company’s strong competitive positioning, disciplined execution, and continued customer confidence. With this achievement, HNBGI becomes the first general insurer in Sri Lanka to reach the LKR 11 billion GWP milestone within ten years of operations. The Company also improved its market position, moving up to 6th place from 7th in Sri Lanka’s general insurance sector.

The Fire segment emerged as a standout contributor with a 27% growth, reaching LKR 2.4 billion, while the Motor portfolio grew by 25% to LKR 6.0 billion. Marine recorded a steady 16% increase to LKR 378 million, and the Miscellaneous segment contributed LKR 2.2 billion. The broad-based growth across segments reflects HNB General Insurance’s balanced portfolio, effective distribution reach, and strong customer confidence.

The Company demonstrated its unwavering commitment to customers through timely and efficient claims management, committing LKR 2.5 billion towards Ditwa cyclone-related claims. In addition, a further LKR 4.7 billion was paid in claims across all other segments during the year, underscoring the Company’s financial strength and reliability in times of need.

The Company’s financial strength further consolidated during the year, with Total Assets growing by a significant 31% to LKR 13.38 billion, while Funds Under Management increased by 9% to LKR 6.74 billion. The Capital Adequacy Ratio remained well above regulatory requirements at 190%, reflecting a solid capital base to support future growth.

Commenting on the results, Mr. Stuart Chapman, Chairman of HNB General Insurance Limited and HNB Assurance PLC said, “We are pleased to witness HNB General Insurance continuing its strong growth momentum through disciplined execution and prudent financial management. Reaching the LKR 11 billion GWP milestone within a decade is a testament to the Company’s strategic direction, operational strength, and the trust placed in us by our customers and partners”.

During the year, the Company was also recognized for its excellence through several prestigious accolades including the Gold Award for Management Excellence in the Insurance Sector at the National Management Excellence Awards 2025, being Certified as a Great Workplace by Great Place to Work® (July 2025 to July 2026), being named Best General Bancassurance Provider Sri Lanka 2025 by Global Banking & Finance Review - UK, and being ranked third in the general insurance sector in LMD’s Customer Excellence Ranking 2025, among many other recognitions. We were further encouraged by the upgrade of our insurer financial strength rating by Fitch Ratings from A-(lka) to A (lka), reflecting the Company’s strengthened financial profile, prudent risk management, and sustained operational performance.”

Mr. Sithumina Jayasundara, Executive Director / Chief Executive Officer of HNB General Insurance added, “The 2025 performance reflects our commitment to sustainable growth built on service excellence, underwriting discipline, and customer-centric innovation. Over the last five years, the Company has achieved a compound annual growth rate of 17.1%, highlighting the strength of our long-term strategy.”

HNB General Insurance maintains strong reinsurance partnerships with internationally reputed reinsurers, ensuring risk diversification, financial stability, and enhanced capacity to support customers in times of need. In line with international best practices in financial reporting and transparency, the Company is also progressing with the implementation of SLFRS 17, conducting a parallel run during 2025 in preparation for full adoption in 2026.

HNB General Insurance Limited (HNBGI) is a fully owned subsidiary of HNB Assurance PLC and a member of the HNB Group. Leveraging the Group’s financial strength and decades of expertise, HNB General Insurance remains committed to delivering inclusive, technology-driven insurance solutions that enhance resilience and protection for communities across Sri Lanka.