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2025 Financial Performance Metrics
Comparison of key financial figures for SLICGL in 2025 (in LKR Billions).
Primary Sources
Sri Lanka Insurance General Reports Strong 2025 Performance with Rs. 30 ...
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.
Sri Lanka aims to double insurance penetration by 2030
A comprehensive seven-pillar strategy to double insurance penetration by 2030 and triple it by 2035 was launched by the Insurance Regulatory Commission of Sri Lanka.The Insurance Industry Roadmap 2030-2035, introduced yesterday in Colombo, targets an aggressive 14% annual growth rate to drive sector premium income above Rs. 700 billion by 2030. This initiative addresses the current domestic market, where total premiums reached Rs. 380 billion in 2025, yet penetration remains just above 1% of GDP. Despite low penetration, the sector manages Rs. 1.4 trillion in assets and pays out roughly Rs. 172 billion in annual claims.Insurance Regulatory Commission Director General Damayanthi Fernando described this protection gap as an extraordinary opportunity for industry growth rather than a weakness. Minister of Public Security and Parliamentary Affairs Ananda Wijepala confirmed the state's commitment to these reforms, particularly regarding digitalisation. He noted that higher insurance coverage would reduce the financial burden on the state during national disasters.The framework focuses on systemic reforms, including:Standardised affordable products and mandatory home and motor insurance.New distribution models using digital onboarding, bancassurance, and telecommunication networks.Modernised regulations to allow tax relief on protection products.Strengthening the National Insurance Trust Fund to retain risk capital within the country.A tripartite task force involving the Finance Ministry and industry stakeholders will monitor progress through quarterly performance indicators. Additionally, Commission Chairman Dr Raveendra De Mel introduced a new digital data system and motor insurance digital card. This technology allows law enforcement to instantly verify policy status via QR code or SMS, a move intended to improve market discipline and recover uncollected revenue.
SLIC Life Reports Strong 2025 Performance, Sustaining Growth Momentum
Sri Lanka Insurance Life (SLIC Life) delivered a strong and well-balanced financial performance in 2025, reflecting sustained growth, disciplined execution, and continued customer confidence.
SLIC Life Reports Strong 2025 Performance, Sustaining Growth Momentum
Sri Lanka Insurance Life (SLIC Life) reported a strong financial performance in 2025, driven by robust premium growth, higher profitability, and continued policyholder confidence. The company posted a Profit Before Tax of Rs. 4.3 billion, while Gross Written Premium rose 24% to Rs. 32.6 billion. New Business Premium Income recorded a sharp 42% increase to […]
