HNBGI reaches Rs. 11bn Gross Written Premium within 10 years of operations

Stuart Chapman

Sithumina Jayasundara

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 Rs. 11.0 billion for 2025, reflecting a robust 21 percent growth compared to Rs. 9.1 billion in 2024. This performance significantly outpaced the industry’s growth of 15 percent, 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 Rs. 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 percent growth, reaching Rs. 2.4 billion, while the Motor portfolio grew by 25 percent to Rs. 6.0 billion. Marine recorded a steady 16 percent increase to Rs. 378 million, and the Miscellaneous segment contributed Rs. 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 Rs. 2.5 billion towards Ditwa cyclone-related claims. In addition, a further Rs. 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 percent to Rs. 13.38 billion, while Funds Under Management increased by 9 percent to Rs. 6.74 billion. The Capital Adequacy Ratio remained well above regulatory requirements at 190 percent, reflecting a solid capital base to support future growth.

Commenting on the results, 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 Rs. 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”.

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 percent, highlighting the strength of our long-term strategy.”

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.