Sri Lanka Insurance Life has achieved remarkable financial growth in 2025, reinforcing its dominance in the life insurance sector through strategic management, customer trust, and a consistent focus on long-term value creation.
Sri Lanka Insurance Life shows strong profits and industry leadership through sustainable growth
Sri Lanka Insurance Life (SLIC Life) has once again proven its strength as a cornerstone of the country’s insurance industry, reporting impressive financial and operational results for the first nine months of 2025. The company’s latest performance reaffirms its leadership in the sector, driven by prudent financial management, robust governance, and a deep commitment to serving policyholders.
During the review period ending September 30, 2025, SLIC Life recorded a pre-tax profit of Rs. 23.9 billion, marking an 11 percent year-on-year growth. This performance highlights the insurer’s ability to navigate economic challenges while maintaining profitability and operational excellence. Gross Written Premiums (GWP) also rose significantly, reaching Rs. 23.6 billion—a 32 percent increase compared to the same period last year—demonstrating rising consumer confidence and growing demand for protection products.
New business premiums surged to Rs. 5.4 billion, representing a remarkable 61 percent year-on-year increase. This strong momentum underscores the company’s expanding market presence and reflects Sri Lankan consumers’ renewed focus on financial security and life protection. With profit after tax reaching Rs. 22 billion, SLIC Life’s performance signals robust governance, strategic foresight, and efficient operations.
As part of its ongoing dedication to policyholders, the company settled Rs. 13.2 billion in claims and maturity benefits during the first nine months of the year—an average of Rs. 1.5 billion per month. This marks a 49 percent increase from the previous year, reinforcing SLIC Life’s reputation for reliability and timely customer service.
The insurer’s asset base now stands at Rs. 264 billion, supported by Sri Lanka’s largest Life Fund valued at Rs. 239 billion. This substantial capital foundation underscores SLIC Life’s financial resilience and its ability to meet long-term commitments to customers and stakeholders. The company’s prudent investment strategy continues to enhance its stability, ensuring sustainable growth amid evolving market dynamics.
As a state-owned enterprise, SLIC Life remains a key contributor to national development. The company paid Rs. 0.9 billion in taxes during the period and maintained Rs. 115 billion in government securities, directly supporting public finance initiatives. In addition, a Rs. 1.5 billion dividend was paid to the Treasury—a 17 percent increase from the prior year—further emphasizing the company’s economic significance.
Reaffirming its commitment to policyholder value, SLIC Life announced a record Rs. 12.5 billion in annual bonuses for 2024—the highest in Sri Lanka’s life insurance industry. Since 2006, cumulative bonus payouts have reached Rs. 116.6 billion, demonstrating consistent long-term returns for customers. This milestone strengthens the company’s position as a trusted financial partner that prioritizes stability and growth for its policyholders.
SLIC Life’s financial integrity has been endorsed by Fitch Ratings, which reaffirmed its National Insurer Financial Strength Rating at ‘A+(lka)’ with a Stable Outlook. This rating reflects strong capital adequacy, prudent underwriting practices, and consistent performance. The company also maintains multiple ISO certifications in information security, quality management, and greenhouse gas verification—an indicator of its alignment with global best practices in sustainability, governance, and customer experience.
In addition to its financial achievements, SLIC Life continues to excel in brand equity. For the eighth consecutive year, it was recognised by LMD as “Sri Lanka’s Most Loved Life Insurance Brand”, while also ranking among the country’s Top 3 Most Valuable Life Insurance Brands. These accolades reflect the company’s enduring connection with customers and its ability to build trust through service excellence and innovation.
Beyond profitability, SLIC Life’s impact extends to social responsibility and community empowerment. Through flagship CSR initiatives such as Suba Pathum—which has awarded more than 2,200 scholarships—and Pasal Piriyatha Surakimu, which has supported over 3,300 under-resourced schools, the company continues to invest in the future of Sri Lankan youth.
To commemorate World Children’s Day 2025, SLIC Life once again offered a complimentary Rs. 1 million life cover to parents of all children born on October 1 in hospitals across the country. This symbolic initiative reflects the insurer’s deep-rooted commitment to nurturing future generations while strengthening its social impact.
With a strong balance sheet, a loyal customer base, and a proven record of sustainable growth, Sri Lanka Insurance Life stands poised to maintain its leadership in the life insurance sector. Its combination of financial strength, strategic vision, and social contribution continues to set the benchmark for excellence in the Sri Lankan insurance industry.