SLIC Life’s premium growth soars by 32% in 1H

Sri Lanka Insurance Life (SLIC Life) has demonstrated significant financial momentum in the first half of 2025, reporting substantial growth in its premium income.  The company’s performance highlights a strong increase in new business and reinforces its stable position in the market. SLIC Life announced a gross written premium of Rs.15.4 billion for the first six months of 2025, marking a robust 32 percent year-on-year growth. 

This surge was largely driven by an exceptional 68 percent increase in new business, which amounted to Rs.3.6 billion for the period. The company’s financial strength is further evidenced by its asset base of Rs.253.2 billion and the industry’s largest Life Fund, valued at Rs.228.4 billion. Reinforcing its commitment to the policyholders, SLIC Life also recently declared a record-breaking bonus of Rs.12.5 billion for 2024, the largest in the Sri Lankan life insurance industry’s history. This brings the total bonuses declared since 2006 to Rs.116.6 billion.

SLIC Life upheld its pledge to its customers by settling Rs.8.5 billion in claims and maturity payments during the first half of the year, averaging Rs.1.4 billion per month.