October 21, Colombo (LNW): Sri Lanka Insurance Life (SLIC Life) has reported a strong financial and operational performance for the nine months ending September 30, 2025, reinforcing its position as one of the country’s most resilient and trusted life insurers.
The company’s results reflect not only its solid market footing but also its long-term focus on delivering sustainable value to policyholders and contributing to the national economy.
During the review period, SLIC Life recorded a pre-tax profit of Rs. 23.9 billion, representing an 11 per cent growth year-on-year. Gross Written Premiums (GWP) also rose sharply, reaching Rs. 23.6 billion—a notable 32 per cent increase compared to the same period in 2024. New business premiums surged to Rs. 5.4 billion, an impressive 61 per cent growth, signalling rising consumer confidence in the brand and its life insurance offerings.
Profit after tax stood at Rs. 22 billion, underscoring SLIC Life’s robust financial governance and efficient operations. In line with its commitment to policyholder protection, the company settled Rs. 13.2 billion in claims and maturity benefits, averaging Rs. 1.5 billion per month. This marks a 49 per cent increase in disbursements compared to the previous year, further demonstrating SLIC Life’s ability to meet its obligations even amid challenging economic conditions.
The company’s asset base now stands at Rs. 264 billion, anchored by the largest Life Fund in Sri Lanka, valued at Rs. 239 billion. This reflects a strong capital position and prudent fund management—critical indicators of long-term stability in the insurance sector.
As a state-owned enterprise, SLIC Life continues to make meaningful contributions to national development. In the first nine months of the year, it paid Rs. 0.9 billion in taxes and maintained investments of Rs. 115 billion in government securities, supporting public finances. Additionally, a dividend of Rs. 1.5 billion was paid to the Treasury, marking a 17 per cent increase from the previous year.
Demonstrating its ongoing commitment to policyholders, the company announced a record Rs. 12.5 billion in annual bonuses for 2024—the highest declared in Sri Lanka’s life insurance industry. Since 2006, cumulative bonus payouts have reached Rs. 116.6 billion, reflecting consistent returns on long-term savings products.
SLIC Life’s financial strength continues to be recognised, with Fitch Ratings affirming its National Insurer Financial Strength Rating at ‘A+(lka)’ with a Stable Outlook. The company also maintains ISO certifications in information security, quality management, and greenhouse gas verification, signalling adherence to global standards in governance, sustainability, and customer service.
On the branding front, SLIC Life was once again recognised as Sri Lanka’s “Most Loved Life Insurance Brand” by LMD, an honour it has held for eight consecutive years. It was also ranked among the Top 3 Most Valuable Life Insurance Brands in the country.
Beyond its business success, the company has made significant contributions to social development. Its long-standing CSR programmes—such as Suba Pathum, which has awarded over 2,200 scholarships, and Pasal Piriyatha Surakimu, which has supported over 3,300 under-resourced schools—continue to uplift communities across the island. Marking World Children’s Day in 2025, the company again offered a complimentary Rs. 1 million life cover to parents of all children born on 1 October in hospitals across Sri Lanka.
