Sri Lanka Insurance Life records 32% growth in gross written premiums

Sri Lanka Insurance Life (SLIC Life) posted strong financial results for the nine months ending September 30, 2025, with profit before tax rising 11 percent to Rs.23.9 billion and gross written premiums increasing 32 percent year-on-year to Rs.23.6 billion. 
New business premiums grew 61 percent to Rs.5.4 billion, while profit after tax reached Rs.22 billion.
During the period, SLIC Life disbursed Rs.13.2 billion in claims and maturities, averaging Rs.1.5 billion per month, up 49 percent from the same period last year. The company reported an asset base of Rs.264 billion and a Life Fund of Rs.239 billion.
As a state-owned insurer, SLIC Life contributed Rs.0.9 billion in taxes and maintained Rs.115 billion in government securities. Dividend payments for 2025 totalled Rs.1.5 billion, a 17 percent increase over the previous year.
SLIC Life declared Rs.12.5 billion in annual bonuses for 2024, bringing cumulative bonus declarations since 2006 to Rs.116.6 billion. 
Fitch Ratings affirmed the company’s National Insurer Financial Strength Rating at ‘A+(lka)’ with a Stable Outlook.
The company holds ISO certifications for information security (ISO/IEC 27001:2013), quality management (ISO 9001:2015) and greenhouse gas verification (ISO 14064-1:2018). It also continued community initiatives, including the ‘Suba Pathum’ scholarship programme, supporting over 2,200 students and ‘Pasal Piriyatha Surakimu’, which improved facilities in more than 3,300 underprivileged schools.