People’s Insurance reports strong growth and financial stability in 4Q25

Chairman Chandana Guniyangoda

CEO Jeevani Kariyawasam

People’s Insurance PLC reported a strong financial performance for the year ended December 31, 2025, demonstrating resilience and sustained growth amid the evolving market conditions. 

The company’s continued focus on disciplined underwriting, prudent investment management and operational efficiency contributed to solid results across the key financial indicators.

The company recorded a strong topline growth of 34 percent during the year, driven by the expanding demand across the key insurance segments and disciplined business development strategies. Gross written premium (GWP) reached Rs.8,367.39 million in 2025, compared to Rs.6,249.30 million in 2024, reflecting the growing customer confidence and the company’s strengthening market presence.

The motor segment remained the primary contributor to business growth, accounting for 79 percent of total GWP while recording a robust growth of 42 percent. The fire segment also delivered a steady performance, contributing 9 percent to overall GWP and registering a growth of 15 percent during the year. People’s Insurance further strengthened its financial position during the period. Total assets expanded by 23 percent to Rs.15.67 billion, compared to Rs.12.69 billion in 2024, while the financial investments grew by 14 percent, highlighting the company’s proactive approach to managing liquidity and optimising investment returns. 

The shareholders’ equity also increased by 6 percent to Rs.5,970.13 million, reinforcing the company’s strong capital base and long-term financial stability.

Despite the challenging market conditions affecting the investment income during the year, the company maintained a stable revenue stream. Investment and other income, which includes interest income, net fair value gains or losses and other income, amounted to Rs.1,106.60 million, reflecting a marginal decline of 9 percent compared to the previous year.

The global uncertainties—including the evolving international dynamics, commodity price volatility and climate-related risks—remain key challenges for the insurance sector. People’s Insurance continues to monitor these developments closely, ensuring that its risk management, underwriting discipline and operational resilience are aligned to mitigate the potential impacts while sustaining growth and financial stability.

Profit before tax for the year stood at Rs.472.72 million, while profit after tax reached Rs.355.25 million, demonstrating the company’s ability to maintain profitability and financial discipline, despite the large volume of claims incurred due to the severe catastrophic Cyclone Ditwah.