Company filings and market news from across Sri Lanka's stock market.
LOLC General Insurance and Seylan Bank PLC held a 'League of Greatness' felicitation night celebrating their bancassurance partnership, which operates across 104 Seylan Bank branches and has continued since 2013.
Corporate Management Consultants will hold a seminar on compliance with Beneficial Ownership provisions under the Companies Act No. 12 of 2025 for Company Secretaries. Speakers include LOLC General Insurance PLC Chairman Kithsiri Gunawardene, the Central Bank FIU DG and officials from the Registrar of Companies.
LOLC General Insurance PLC launched V Help, an enhanced motor insurance service offering eligible policyholders remote technical guidance and roadside assistance. The service connects customers to the Motor Engineering Unit and authorised roadside providers for advice, minor repairs and assistance.
A seminar on Beneficial Ownership compliance will be held on 22 July 2026 at The Kingsbury, Colombo to provide guidance on BO filings under the Companies Act No. 12 of 2025 and CBSL Direction 2 of 2026, highlighting the statutory BO filing deadline of 30 September 2026 and non-compliance risks.
LOLC Holdings PLC reported a 49% increase in results from operating activities to Rs.71.5 billion for FY2026. Gross income rose 28% to Rs.430.3 billion, with the financial services segment contributing Rs.51.7 billion and strong gains across manufacturing, plantations and insurance.
LOLC Holdings PLC reported a 49% rise in results from operating activities to Rs. 71.5 billion for the year ended 31 March 2026, with gross income up 28% to Rs. 430.3 billion. Financial services (Rs. 51.7bn), stronger manufacturing/trading and a return to profitability in plantations underpinned the performance.
LOLC Holdings PLC was crowned 'People’s Financial Services Brand' at the SLIM Kantar People’s Choice Awards 2026 for the tenth consecutive year. The award, based on independent Kantar consumer research, underscores LOLC’s sustained brand trust, digital initiatives and group presence.
LOLC Securities' Investor Forum said a sovereign credit rating upgrade could attract foreign inflows as CSE market capitalisation rose to about Rs.7.6 trillion (from Rs.2.9 trillion in 2022). The forum highlighted stabilised macro fundamentals, recovering exports and tourism, and sectoral opportunities in finance, construction and export-oriented industries.
LOLC Holdings MD/CEO Kapila Jayawardena was named CEO of the Year – Conglomerates at the Global CEO Forum 2025. The award recognises his role in steering LOLC’s expansion and institutional transformation across its diversified group.
LOLC General Insurance PLC is providing brand-new EV replacements for policyholders whose Browns EVs were declared total losses after Cyclone Ditwah. The insurer, backed by the LOLC Group and in collaboration with Browns EV, says it has settled many claims and is expediting remaining general insurance claims.
Seminar on safeguards under the amended Companies Act No. 12 of 2025 will be held on 27 Jan (2–5pm) at NH Collection, Colombo 3. Organisers say the amendments place new responsibilities and stricter penal sanctions on company secretaries and directors; speakers include HNB and LOLC Insurance chairs.
LOLC General Insurance PLC appointed Dulip Samaraweera as a Non-Executive Director. He brings over two decades of financial services experience and currently holds multiple board roles across the LOLC Group.
LOLC General Insurance PLC rose to become the 4th largest general insurer in Sri Lanka by end-3Q 2025, recording 17% GWP growth and raising market share to 9.06%. Its Motor segment remains the 3rd largest motor insurer with 23% growth, supported by the LOLC Group ecosystem and digital initiatives.
LOLC Al-Falaah Takaful Life and General won four awards at the 10th IFFSA Awards 2025 — Silver and Bronze for Takaful Window/Unit of the Year 2024/25 and Bronze and Merit for Islamic NBFI Window/Unit of the Year 2024/25, highlighting the group’s takaful growth and digital capabilities.
LOLC Insurance appointed Chandana L. Aluthgama as Executive Director and Principal Officer of LOLC Life Assurance and Director of LOLC General Insurance, and named Kithsiri Gunawardena as Director of LOLC Life Assurance while he remains Chairman of LOLC General Insurance.
Policybazaar for Business has launched tech-driven reinsurance operations in Sri Lanka, Qatar, Oman and the UAE to provide digital facultative and treaty capacity. The platform targets property, marine, liability, cyber and climate risks and could expand reinsurance capacity and transparency for Sri Lanka insurers such as LOLC, Ceylinco and Janashakthi.
LOLC Holdings, with UNDP and WNPS, launched Sri Lanka’s first livestock insurance scheme to compensate farmers for leopard predation, with verified claims typically paid within 72 hours. UNDP will cover premiums while LOLC (via its insurance arm) will provide the policy and handle claims.
LOLC General Insurance will act as the insurer for UNDP-backed Sri Lanka’s first Livestock Insurance Scheme to compensate farmers for livestock lost to leopard attacks. UNDP/BIOFIN will cover premiums and claims are typically paid within 72 hours to reduce retaliatory killings and support conservation.
Ishara Nanayakkara, chairman of LOLC Holdings, has overtaken Dhammika Perera as Sri Lanka's richest person in 2025 with an estimated net worth of $1.6bn, Gulf News reports. LOLC is a diversified financial services and investment conglomerate with operations in microfinance and insurance.
LOLC Holdings' Ishara Nanayakkara was named Sri Lanka's richest person by Gulf-News with an estimated net worth of $1.6bn. The report noted LOLC is a diversified financial services and investment conglomerate with operations including microfinance and insurance.
LOLC Holdings PLC has appointed Ishara Nanayakkara as Executive Chairman with immediate effect. He previously served as Executive Deputy Chairman and brings over two decades of leadership, notable expansion into MSME finance and renewable energy, and experience diversifying the Group's businesses.
Colombo market gained further momentum as the ASPI rose 1.15% (183.5 pts) with turnover of Rs. 4.5 billion led by heavy trading in John Keells, Lanka Realty, Commercial Bank, LOLC Holdings and Sampath Bank. Separately, Lanka IOC announced a first and final dividend of Rs. 5 per share.
LOLC Holdings (LOLC.N0000) was named the SLIM Kantar People’s Financial Services Brand of the Year for the ninth consecutive year. The award, based on independent Kantar consumer research, underscores LOLC's strong customer connection, digital transformation and brand leadership across its finance and insurance businesses.
Seylan Bank launched bundle packages for vehicle importation, leasing and insurance offering competitive interest rates and exchange rates, partnering with LOLC Insurance. The service uses the bank's automated system and 170-branch network to handle letters of credit, import settlements and customs payments.
LOLC General Insurance PLC (LGIL.N0000) won five awards at the Emerging Asia Insurance Awards 2024, including "Best General Insurance Company" and honors for customer orientation and risk management. LOLC Life Assurance was first runner-up for Best Life Insurance and runner-up for Best Risk Management.