News & market updates

Softlogic Life Insurance PLC reported Gross Written Premiums of Rs. 28.2 billion for the nine months to 30 Sep 2025, up 29% YoY, with PBT of Rs. 3.3 billion and PAT of Rs. 2.3 billion. The firm posted ROE of 24% and CAR of 298%, paid Rs. 13.5 billion in claims and completed the acquisition of Allianz Life Insurance Lanka.

Softlogic Life Insurance PLC reported GWP of Rs. 28.2bn for the nine months to 30 Sep 2025, up 29% y/y, with PBT Rs. 3.3bn, PAT Rs. 2.3bn, assets Rs. 59bn, equity Rs. 11.6bn, ROE 24% and CAR 298%. The company completed the acquisition of Allianz Life, paid Rs. 13.5bn in claims (98% settled within a day) and holds a 36% health insurance market share.

Hatton National Bank won the Best Corporate Citizen Sustainability Award 2025 at the Ceylon Chamber of Commerce awards on 19 November. Multiple shortlisted firms were recognised across categories, including Commercial Bank, Hemas, Talawakelle, Elpitiya and Kelani Valley Plantations, Dilmah, Dipped Products, Haycarb, Hayleys, DFCC, Teejay Lanka, Singer and Softlogic Life Insurance.

Hatton National Bank won the 'Best Corporate Citizen Sustainability Award 2025' at the 22nd BCCS Awards. Listed companies from the shortlist recognised at the event include Commercial Bank, Hemas, DFCC (Green Bond project), Talawakelle TE (Category B winner), Elpitiya, Kelani Valley, Dilmah, Dipped Products, Haycarb, Teejay, Hayleys, Nawaloka Hospitals, Singer and Softlogic Life Insurance.

Softlogic Life Insurance PLC (AAIC.N0000) won the 'AI Initiative of the Year' award at the 29th Asia Insurance Industry Awards 2025. Its InstaClaim AI cut claim settlement times from five days to minutes, processing ~500,000 claims annually and supporting Rs.11.1bn in 2024 payouts with an 82% productivity gain.

Softlogic Life Insurance PLC (AAIC.N0000) won the 'AI Initiative of the Year' at the 29th Asia Insurance Industry Awards 2025. Its AI-driven InstaClaim platform has cut claim settlement times from five days to minutes and handles around half a million claims annually.

InsureMe, Sri Lanka’s largest end-to-end digital insurance aggregator, offers a platform and proprietary solutions (DigiEye, DigiMed, DigiEx) that let customers compare/purchase/manage policies and help insurers modernize operations.

The Insurance Association of Sri Lanka hosted the 16th NAFLIA Conference to promote adviser professionalism and industry growth, with over 700 attendees and awards presented (Union Assurance won a Gold). The event emphasised digital upskilling, innovation and regulatory collaboration to strengthen life insurance.

Softlogic Life Insurance PLC reported GWP of Rs. 18.7 billion for 1H 2025, up 29% YoY (Rs. 4.2b growth); PAT was Rs. 1.2 billion and the company declared an interim dividend of Rs. 4.50 per share. It also completed the acquisition of Allianz Life Insurance Lanka Ltd, now a subsidiary.

MetroCorp raised its stake in National Development Bank to 4.7% after buying 2.58% of the lender's voting stock. Softlogic Life Insurance sold 31.7 million NDB shares for 4.4 billion rupees, which were bought by MetroCorp and investor Indra Silva (who holds stakes in Commercial Bank, Sampath and Hatton).

Investor Indra Silva bought a 7.4% stake in National Development Bank (NDB) in a transaction valued at Rs. 4.4 billion. NDB reported an all-time high PAT of Rs. 4.2 billion in H1 FY26, and Softlogic Life (AAIC.N0000) sold 31.7m shares, booking a profit.

Janashakthi Insurance (JINS.N0000) reported Q2 YTD 2025 net profit of LKR 1,318m, up 70%, with first-year premiums up 61% and GWP of LKR 3,769m. As JXG's flagship, the insurer also grew regular long-term business 32% and new regular first-year premium 73%, citing digital and distribution expansion.

Dividend · Rs 4.50 · XD Aug 21, 2025

Dividend of LKR 4.5/share; XD 2025-08-21; record 2025-08-21; payable 2025-09-10; FY 2025

Softlogic Life Insurance PLC completed the 100% acquisition of Allianz Life Insurance Lanka's life business, which will become a fully owned subsidiary to be renamed SL Insurance Lanka Ltd. Softlogic Life reported GWPs of Rs.31.574 billion (17.2% market share) as at Dec 2024 and 25% GWP growth in Q1 2025.

Softlogic Life Insurance PLC (AAIC.N0000) has completed the 100% acquisition of Allianz Life Insurance Lanka, which will become a fully owned subsidiary and be renamed SL Insurance Lanka Ltd. Softlogic Life reported GWP of Rs. 31,574 billion (17.2% market share) as at Dec 2024 and 25% growth in Q1 2025.

Softlogic Life Insurance PLC (AAIC.N0000) reported Gross Written Premiums of Rs.31.6 billion for 2024—10x since 2014—with 20% YoY growth and a 17.2% market share, and honored 446 top sales achievers at its April 4, 2025 sales convention. The company said it protected over 1.3 million lives, settled Rs.14.8 billion in claims in 2024, and recorded 243 MDRT qualifiers.

The Colombo market closed marginally up with the ASPI +0.2% and S&P SL20 +0.4% as turnover rose to Rs.2.14bn, led by Lankem Ceylon (LCEY) which accounted for about Rs.1.1bn. Capital goods and banking drove activity, with notable movers including HNB, SAMP, COMB, JKH and LIOC.

Softlogic Life Insurance will launch an AI-powered 'Health Score' app using facial recognition to estimate metrics (BMI, blood pressure, pulse, stress), provide risk alerts and personalized reports, and offer rewards to policyholders to support proactive health management.

Softlogic Life Insurance (AAIC.N0000) will introduce an AI-powered “Health Score” app using facial recognition to estimate metrics such as BMI, blood pressure, pulse and stress and to provide predictive alerts and rewards to policyholders. The tool is positioned to help early detection of health risks and promote proactive management.

The ASPI rose 0.67% to 14,614 as the Colombo bourse closed higher with turnover of Rs. 6 billion and a net foreign inflow of Rs. 100.7 million. Banking led turnover (20%) and HNB, DIMO, Vallibel One, Central Finance and CTC were among the top positive contributors.

Colombo Stock Exchange closed higher, ASPI +0.66% to 13,049 and S&P SL20 +0.85% to 3,876, led by banking stocks with Rs2.2bn of turnover. Top contributors included Sampath, HNB, Commercial Bank, DFCC and Dipped Products; NDB's Rs5bn debenture was oversubscribed and Softlogic Life declared a Rs4.5 cash dividend; net foreign inflow was Rs95mn.

Dividend · Rs 4.50 · XD Dec 5, 2024

Dividend of LKR 4.5/share; XD 2024-12-05; record 2024-12-05; payable 2024-12-24; FY 2024

Softlogic Life Insurance PLC won nine awards at SLIM Digis 2024, including the Grand Prix, for campaigns such as the AI 'Legends' commercial, 'Dengeez' and the crowd-sourced 'Christmas Tree of Hope'.

Softlogic Life (AAIC.N0000) posted nine-month GWP of Rs.22.0bn and PAT of Rs.2.8bn (up 67%), with PBT Rs.4.0bn, CAR 360% and Rs.10.9bn paid in claims.

Softlogic Life reported GWP of Rs.22.0bn for the nine months to Sept and PAT of Rs.2.8bn, up 67% year-on-year. The company paid Rs.10.9bn in claims, posted ROE of 29% and a Capital Adequacy Ratio of 360%.

Softlogic Life Insurance PLC reported H1 GWP of Rs.14.5bn and PAT of Rs.2.1bn (up 104% YoY) and announced a Rs.6bn share buyback at Rs.102.40 per share. The company also cited ROE of 23.5%, CAR of 367%, strong financial investments and AI-led digital initiatives.