• SLIC Life Records a 32% Year-on-Year Growth in GWP
• New Business Surges by 61% to Rs. 5.4 Billion at the end of Q3
• 13.2 Billion Settled in Claims, Averaging Rs. 1.5 Billion Monthly

Sri Lanka Insurance Life (SLIC Life) has recorded an impressive performance for the nine months ending 30th September 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% growth, while achieving a Gross Written Premium (GWP) of Rs. 23.6 billion, a robust 32% year-on-year increase. SLIC Life also recorded a significant rise in New Business premiums, reaching Rs. 5.4 billion, a remarkable 61% growth, reinforcing its position among the top-performing life insurers in the country. Profit After Tax (PAT) for the period stood at 22 billion, reflecting the company’s strong financial governance and operational excellence.

Further demonstrating its commitment to policyholders, 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% increase compared to the same period last year. This performance underscores SLIC Life’s financial strength and unwavering focus on delivering on its promises to customers. 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. Sri Lanka Insurance Corporation (SLIC) further strengthened the Treasury through dividend payments of Rs. 1.5 billion in 2025, a 17% increase from the previous year reinforcing the group’s role as a key contributor to national revenue and supporting economic progress.

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.

Sri Lanka Insurance Life holds the highest assigned rating among Sri Lankan life insurers, with Fitch Ratings affirming an ‘A+(lka)’ National Insurer Financial Strength (IFS) Rating and a Stable Outlook, underscoring the company’s sound financial governance and resilience. SLIC Life continues to strengthen its brand leadership, being recognized as Sri Lanka’s “Most Loved Life Insurance Brand” by LMD for the 8th consecutive year and listed among the Top 3 of the Most Valuable Life Insurance Brands in Sri Lanka. Demonstrating its commitment to global best practices, the company has also achieved ISO/IEC 27001:2013 for Information Security Management, ISO 9001:2015 for Quality Management, and ISO 14064-1:2018 for Greenhouse Gas Verification.

Acknowledging its long-standing commitment to community upliftment, SLIC Life was honored with the “Excellence in CSR Award” at the Sri Lanka Leadership Awards. The company continues to empower future generations through initiatives such as ‘Suba Pathum’, awarding over 2,200 scholarships, and ‘Pasal Piriyatha Surakimu’, enhancing facilities in more than 3,300 underprivileged schools. Continuing its unique initiative, SLIC Life marked World Children’s Day 2025 for the fourth consecutive year, offering a Rs. 1 million free life insurance cover to parents of children born on October 1st across all hospitals in Sri Lanka.

With an exceptional nine-month performance in 2025, Sri Lanka Insurance Life has further strengthened its leadership in the life insurance sector while upholding its core values of protection, trust, and care. As the company continues its journey of growth and transformation, it remains focused on innovation, customer confidence, and delivering lasting value to policyholders and the nation at large.

Photo Caption: Mr. Nusith Kumaratunga, Chairman of Sri Lanka Insurance addressing the gathering

(L-R) Mr. Dayatrathna Perera - Chief Officer (SLIC Life), Ms. Shriyani Kulasinghe - Chief Financial Officer (SLIC Life), Ms. Nusith Kumaratunga - Chairman (SLIC), Dr. Sameera Dharmasena - Chief Executive Officer (SLIC General) and Mr. Asiri Wickramaarachchi - Chief Officer (SLIC General) at the Media briefing.