News & market updates

Nagarro hosted 'Navigate 2025', convening over 50 Sri Lankan BFSI leaders to discuss adopting technologies such as Agentic/Generative AI, small language models, intelligent process automation and quantum computing. Softlogic Life reported 75% of hospitalisation claims are settled within two minutes and 35% processed without human intervention.

The Insurance Association of Sri Lanka appointed its 2025/26 office bearers at the AGM, naming HNB Assurance CEO Lasitha Wimalaratne as President. Amana Takaful CEO S. Karthigun was appointed Secretary, while Softlogic Life's Roshan Peiris and LOLC's Dinusha Thilanka were named to IASL subcommittee leadership roles.

Samsung launched its 2025 Vision AI TV lineup in Sri Lanka (Neo QLED 8K, OLED, QLED and The Frame). Authorized dealers named include Singer and Softlogic, which may benefit from increased premium TV sales.

Samsung Sri Lanka launched its 12KG Bespoke AI front-load washing machines, available at Singhagiri, Singer, Damro and Softlogic outlets from Rs. 199,999, featuring AI Energy Mode, Super Speed, Ecobubble and Hygiene Steam.

Softlogic Life agreed to acquire 100% of Allianz Life Insurance Lanka, subject to Insurance Regulatory Commission approval, expanding Softlogic's life-insurance market share and digital capabilities.

Softlogic Life has agreed to acquire 100% of Allianz Life Insurance Lanka, subject to Insurance Regulatory Commission approval. Softlogic Life reported GWP of Rs.31.6 billion for the 12 months to Dec 31, 2024 and says the deal will expand its market share and distribution reach.

Softlogic Holdings (SHL.N0000) said its subsidiary Softlogic Restaurants will integrate Mintpay’s digital payment solution across brands including Burger King, Popeyes, Crystal Jade and Baskin Robbins, offering Pay Now instant cashback and Pay Later 3 interest-free installments.

Samsung Sri Lanka held a Galaxy Unpacked event on Feb 11 at Lotus Tower to unveil the Galaxy S25 Series, with retail partners including John Keells, Singer, Softlogic and Dialog present to demo and retail the new devices. Attendees praised the S25's AI, camera and design enhancements.

Softlogic Holdings PLC said the SEC has allowed it until 31 August 2025 to remedy an independent auditor's 'going concern' emphasis and deferred a planned trading suspension due to start on 3 March 2025. EY reported FY22 net loss Rs.5,277.79m and FY24 company loss Rs.9,137m, with accumulated losses and negative net assets, indicating material uncertainty about the group's ability to continue as a going concern.

Samsung Sri Lanka launched the Galaxy S25 series (S25 Ultra, S25+, S25) with up to Rs.51,850 in discounts, 2-year/2-time screen replacement (Rs.143,830 value) and bundled 1TB free data from Dialog & SLT Mobitel. Devices are available through John Keells Office Automation, Singer, Softlogic, Damro, Dialog, SLT Mobitel and authorized dealers nationwide.

Softlogic Life reported Gross Written Premiums of Rs.31.6 billion in 2024, up 20% y/y and tenfold since 2014. It posted PAT of Rs.4.5 billion (59% y/y), PBT Rs.6.3 billion (98% y/y), ROE 38.2% and a CAR of 298%.

Softlogic Life reported GWP of Rs. 31.6 billion in 2024 (10x since 2014), with PAT of Rs. 4.5 billion, ROE 38.2% and a Capital Adequacy Ratio of 298%.

Sri Lanka's ASPI rose 0.75% to 17,044.67, led by gains in capital goods and power/energy with top contributors including Lanka IOC, Melstacorp and Bukit Darah. Turnover was 5.9 billion rupees, with a net domestic inflow of 492 million and a net foreign outflow of 492 million rupees.

Asiri Academy of Health Sciences (part of Asiri Health Group) signed an MoU with Sunway University to create an articulation pathway allowing AAHS Foundation graduates to progress into three Sunway undergraduate BSc programs (Nursing, Medical Biotechnology, Psychology). The partnership also signals broader research and business collaboration between Sunway and Asiri Health Group.

Asiri Academy of Health Sciences signed an MoU with Malaysia’s Sunway University to allow AAHS foundation students to progress into three Sunway BSc (Hons) programmes (Nursing, Medical Biotechnology, Psychology) after an eight-month foundation, enabling entry as early as after G.C.E. O-levels.

Softlogic Life, part of Softlogic Holdings (SHL.N0000), placed among the top five winners in the Microsoft Global Hackathon 2024 'Hack for Social Impact' challenge—selected from over 73,000 participants—for its 'Gluc-Guard' idea. Microsoft Sri Lanka has expressed interest in helping advance the project.

Softlogic Life, part of Softlogic Holdings, was named among the top five winners in the Microsoft Global Hackathon 2024 'Hack for Social Impact' challenge for its 'Gluc-Guard' idea. Microsoft Sri Lanka has expressed interest in collaborating to advance the project.

Softlogic Life (Softlogic Holdings PLC) flew a 12ft Santa sleigh using two drones over Galle Face Green as a branded festive marketing event, drawing large crowds and wide social-media coverage.

Softlogic Life won multiple awards at the CA TAGS Awards 2024, including a Top 3 placement and the Bronze Award for Overall Excellence in Annual Financial Reporting for the fourth consecutive year. The insurer also secured sector Gold and awards for digitally transformative and integrated reporting while introducing AI/ML features in its 2023 report.

HNB PLC launched festive cardholder offers including discounts up to 70% and a grand raffle awarding one fully paid 'Anthem of the Seas' cruise for two. Promotions cover 300+ merchants (including Keells, Cargills, Softlogic); raffle entry requires LKR 100,000 spend and interest-free instalments with waived fees until Dec 31, 2024.

Rights issue · 1:4 at Rs 2,981,358,020.00 · XD Aug 8, 2024

The CSE warned Odel, Softlogic Capital and Softlogic Holdings they face trading suspensions from Dec 10, 2024 unless they submit overdue annual reports for the year ended March 31, 2024 by Dec 6, 2024 under Listing Rule 7.5(e).

Softlogic Life launched an AI-enabled Annual Report Analyzer featuring a voice-enabled AI agent "Lifey" and automatic data visualisation, claimed to be the first of its kind in Sri Lanka. The tool is intended to give stakeholders faster, easier access to financial and operational information.

Softlogic Life upgraded its Annual Report Analyzer by adding a voice-enabled AI agent 'Lifey' and automatic visual data interpretation, positioning it as the first Sri Lankan company to embed such AI into annual-report analysis. The tool aims to simplify stakeholder access to financial and operational metrics.