Sri Lanka Insurance Corporation General Limited delivers strong financial performance in 2025

• Gross Written Premium (GWP) at Rs. 30.3 billion, sustaining portfolio strength.
• New Business Volume up Rs. 12.5 billion, a sharp rise from Rs. 8.3billion in 2024.
• Profit Before Tax at Rs. 3.3billion, demonstrating financial stability.
• Insurance claims and benefits amounting to Rs. 12.3 billion paid out, endorsing reliability.
• Strategic investments of Rs. 12.8 billion in government securities, supporting national economic stability.
• Tax paid to the Government Rs 5.7 billion, a 66% increase retained market leadership

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% to Rs. 12.5 billion, up from Rs. 8.3billion in 2024, reflecting strong market demand, growing customer confidence, and the reach of the company’s distribution network. The company also paid out Rs. 12.3billion in insurance claims and benefits, a 17% increase. These metrics reflect the impact of Cyclone Ditwah, and reaffirms SLICGL’s commitment of stability and reliability to policyholdersand a clear demonstration of trust which has made SLICGL the nation’s first choice in risk protection.

Tax contribution to the Government at Rs. 5.7 billion, a 66% year-on-year 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%, up from 19.4% in 2024, retaining its position as the undisputed market leader in Sri Lanka’s general insurance industry. 

The motor insurance segment drove strong performance, with premium income growing 29.7% year-on-year, reinforcing Motor Plus’s 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%, 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.

Commenting on the performance, Dr. Sameera Dharmasena, Chief Executive Officer stated, “SLICGL’s 2025 results demonstrate our ability to deliver sustained growth despite a challenging environment. Even in the aftermath of Cyclone Ditwah, we stood strong in terms of profitability, endorsing our prudent reinsurance management and disciplined strategy. SLICGL’s customer‑centric approach and operational excellence have reinforced our leadership position, and these achievements continue to reflect the trust placed in us by policyholders and the dedication of our teams.”

Nusith Kumaratunga, Chairman, Sri Lanka Insurance added, “Our strong performance in 2025 establishes our commitment to long‑term value creation and stability. Through prudent risk management and innovation, we continue to set benchmarks in service excellence, contributing to the country’s economic progress.”

Following Cyclone Ditwah, SLICGL stepped forward with a comprehensive relief program combining extended service access, direct aid, and financial support. To ensure communities could reach insurance services during recovery, selected branches implemented extended operating hours and opened on additional Saturdays, making it easier for affected families to manage claims and access assistance.

In a joint initiative, Sri Lanka Insurance Life and SLICGL mobilised volunteer teams including regional managers from 18 districts to restore flood-affected schools, places of worship, business premises, and households, addressing physical damage and urgent safety risks from structural hazards and waterborne disease.

In partnership with the National Disaster Relief Services Centre (NDRSC), SLICGL carried out relief in two phases on 30 November and 2 December 2025, distributing dry ration packs to 1,000 families in Maharagama and Divulapitiya. To assist those affected, in recovery and rebuilding, the company and employees contributed financially, with donations handed over to the Treasury in January 2026 to support national rebuilding efforts.

As SLICGL moves into 2026, the company is focused on innovation, digital transformation, and customer engagement and maintaining leadership in motor and non‑motor insurance segments.

SLICGL also continues to champion responsible corporate citizenship, reinforcing the role as Sri Lanka’s most trusted and most loved general insurance brand.However, at the core is the continued commitment to responsible corporate citizenship as Sri Lanka’s most trusted general insurance brand.

Source : Daily News