SLICGL delivers strong financial performance in 2025

Nusith Kumaratunga

Dr. Sameera Dharmasena

Sri Lanka Insurance Corporation General Limited (SLICGL) delivered a remarkable performance in 2025, reinforcing its position as Sri Lanka’s leading general insurer, with outstanding results across key financial metrics. 

The company sustained a gross written premium (GWP) of Rs.30.3 billion, demonstrating the resilience of its diverse portfolio in a competitive and challenging environment.

SLICGL’s new business volume surged 51 percent to Rs.12.5 billion, up from Rs.8.3 billion in 2024, reflecting the strong market demand, growing customer confidence and reach of the company’s distribution network. 

The company also paid out Rs.12.3 billion in insurance claims and benefits, a 17 percent increase. These metrics reflect the impact of Cyclone Ditwah and reaffirm SLICGL’s commitment of stability and reliability to the policyholders and a clear demonstration of trust, which has made SLICGL the nation’s first choice in risk protection.

The tax contribution to the government at Rs.5.7 billion, a 66 percent year-on-year (YoY) increase, highlighted the scale of the company’s growth and contribution to national revenue. 

The company also expanded its overall market share to 20.2 percent, up from 19.4 percent in 2024, retaining its position as the undisputed market leader in Sri Lanka’s general insurance industry. 

The motor insurance segment drove the strong performance, with the premium income growing 29.7 percent YoY, reinforcing Motor Plus’ position as the number one motor insurer in the country. 

Meanwhile, the non-motor segment, covering fire and engineering, marine, medical and general accident lines, grew 6.7 percent, outpacing the industry average and demonstrating resilience and breadth of SLICGL’s diversified portfolio. 

SLICGL further reinforced its financial standing through strategic investments, including Rs.12.8 billion in government securities, showcasing the scale of the company’s asset base and active contribution to national economic stability.

CEO Dr. Sameera Dharmasena stated, “SLICGL’s 2025 results demonstrate our ability to deliver sustained growth despite a challenging environment.”

Sri Lanka Insurance Chairman Nusith Kumaratunga added, “Our strong performance in 2025 establishes our commitment to long‑term value creation and stability.”