Company filings and market news from across Sri Lanka's stock market.
Union Assurance launched what it called the largest Leader Reward Scheme for agency leaders in Sri Lanka's life insurance industry at its Leader Conference 2026, aiming to recognise top performers and accelerate leadership development. Union Assurance is a subsidiary of John Keells Holdings PLC.
Union Assurance launched 'Union Assurance Platinum Circle', automatically enabling eligible policyholders to access exclusive lifestyle experiences, milestone recognition, digital health services and partner benefits via its Clicklife app.
Union Assurance PLC (UAL.N0000) was named a Celent Model Insurer for Customer Experience in 2026 for its Connected Life Initiative. The programme, driven by the Clicklife app and AI Suwamaga+, has 100,000+ downloads, 69% straight-through automated underwriting and cut claims handling time by over 80% to ~5 minutes.
SLFRS 17 (IFRS 17) adoption will reshape Sri Lanka's life insurance sector, with reporting for the first two quarters deferred until 30 Sep 2026; insurers say the standard will shift focus from premium volumes to insurance service revenue, CSM visibility and protection products, and may encourage consolidation.
CEOs of Softlogic Life (AAIC.N0000), Union Assurance (UAL.N0000) and HNB Life (HASU.N0000) warned inflation, weak household incomes and potential taxation of insurance proceeds are limiting Sri Lanka's life-insurance growth and urged tax incentives and regulatory support.
Union Assurance PLC ran free diabetes screenings and health education at the Poson pilgrimage in Anuradhapura on 28–30 June as part of its Suwamaga programme, which has directly impacted over 23,500 people and reached 1.2 million since 2024. The programme, delivered with the Diabetes Association and Ministry of Health, reported 71% of beneficiaries showing positive behavioural changes.
Union Assurance PLC hosted its Agency Distribution Annual Awards 2025 at Shangri-La Colombo, awarding over Rs. 60 million in prizes including a company-maintained Mercedes-Benz to the top performer. Over 300 advisers were recognised across multiple categories, highlighting the strength of its agency distribution channel.
Union Assurance and Sampath Bank held the Sampath Bank Life Leads Annual Awards 2025 at Cinnamon Life, recognising top-performing Sampath Bank branch employees under their bancassurance partnership. Awards covered categories including Best Introducer, Best Branch, Best Regional Manager, Best Chief Manager and national top achiever.
The IRCSL hosted the OECD–ADBI roundtable in Colombo and unveiled a new vision and roadmap aiming to double Sri Lanka's insurance penetration to 3% of GDP by 2030/2035. The two-day forum brings policymakers and industry together to discuss regulatory reform, climate risk and data-driven insurance solutions.
John Keells Holdings (JKH) posted Group EBITDA of Rs.80.01 billion for FY2025/26, up 75%. Recurring profit attributable rose 155% to Rs.13.24 billion; group units Nations Trust Bank (NTB) and Union Assurance (UAL) also reported improved results, with NTB completing the HSBC Sri Lanka retail acquisition.
John Keells Holdings reported FY2025/26 Group EBITDA of Rs.80.01bn (up 75%), recurring PBT of Rs.35.72bn (up 143%) and recurring profit attributable of Rs.13.24bn, and declared a final interim dividend of 10 cents to bring FY26 total to 30 cents (Rs.4.42bn). The group cited broad-based contributions from Retail, Transportation and Leisure, and noted improved performance at NTB and double-digit premium growth at Union Assurance.
The Insurance Association of Sri Lanka launched a revamped official website (www.iasl.lk) to improve digital access, industry insights, regulatory updates and member services. The platform is mobile-responsive, searchable and aimed at enhancing transparency and stakeholder access.
The Insurance Association of Sri Lanka launched a revamped official website (www.iasl.lk) to boost digitalisation, transparency and stakeholder access for member insurers. The mobile-responsive site features a searchable resource library, regulatory updates and refreshed content for member companies, policyholders and regulators.
Mintpay launched a Corporate Gifting Solution offering no-expiry digital vouchers convertible to Mint Coins and redeemable at 2,500+ merchants; the product has been adopted by over 50 companies, including Union Assurance, within six months.
Union Assurance opened a new branch in Embilipitiya and relocated its Chilaw branch to an upgraded facility, expanding its regional footprint to improve customer access and service delivery.
Dividend · Rs 5.00 · XD Mar 11, 2026
First And Final dividend of LKR 5/share; XD 2026-03-11; record 2026-03-11; payable 2026-03-30; FY 31 December 2025
Union Assurance PLC has appointed its CEO Senath Jayatilake to its Board as an Executive Director. He is an Executive Vice President of the John Keells Group, was CEO of John Keells Logistics, and has over 19 years' experience and relevant finance/management qualifications.
Union Assurance PLC (UAL.N0000) won three awards at the 6th Emerging Asia Insurance Conclave and Awards 2025, including Joint Winner — Best Life Insurance Company of the Year, Best Strategies for Insurance Coverage, and recognition for Women in Insurance Leadership.
Softlogic Life reported FY25 GWP of Rs.40.1bn (27% YoY) and PAT of Rs.4.7bn with ROE at 39%, completed the acquisition of Allianz Life Lanka and secured a USD 15m capital investment from Norfund/OP Finnfund.
Union Assurance PLC relaunched its corporate website to strengthen digital capabilities, offering improved navigation, faster load times, enhanced mobile responsiveness, stronger security and better content presentation.
Union Assurance (UAL.N0000) hosted "Momentum 2026" at Cinnamon Grand Colombo, convening top advisers and launching its 2026 business strategy focused on strengthening adviser capability and delivering the brand purpose of "protecting what matters most."
FINEXT 2025 career fair at the University of Sri Jayewardenepura linked undergraduates with finance, technology and professional services firms; participating shortlisted companies included UAL.N0000, CALH.N0000, VLL.N0000, WLTH.N0000 and NDB.N0000. A panel on the export-oriented knowledge and professional services sector and onsite interviews provided recruitment and industry insights.
Ceylinco Life appointed industry veteran Dr Kelum Senanayake as a Consultant to lead training and support product design and development. The hire draws on his 40+ years in insurance and prior senior roles at Arpico Insurance, Union Assurance and Richard Pieris-related companies.
John Keells Holdings PLC led a consortium donating Rs. 400 million to the government's 'Rebuilding Sri Lanka' Fund for Cyclone Ditwah relief; contributors included Nations Trust Bank (Rs.100m), SAGT (Rs.100m), Union Assurance (Rs.50m) and Elephant House (Rs.50m).
John Keells Holdings PLC-led consortium contributed Rs. 400 million to the Government’s ‘Rebuilding Sri Lanka’ Fund for Cyclone Ditwah relief; contributions included Nations Trust Bank Rs.100m, SAGT Rs.100m and Rs.50m each from Lanka Marine, Jaykay Marketing, Union Assurance and Elephant House.
Union Assurance PLC's 2024 Annual Report 'Folds of Value' won the Silver Award in the Life Insurance category at the SAFA Best Presented Annual Report Awards 2024. It is the highest recognition achieved by a Sri Lankan company in that category, highlighting the firm's reporting and governance standards.
Flash Health raised a $200,000 seed round led by nVentures to scale its cashless outpatient (Cashless OPD) platform. The startup highlighted partnerships with insurers including Union Assurance, Janashakthi Insurance and HNB Assurance and will use funds to deepen insurer integrations, expand homecare and medicine delivery.
Flash Health raised US $200,000 in a seed round led by nVentures to scale its cashless outpatient (Cashless OPD) platform in Sri Lanka. The startup partners with insurers including Union Assurance and Janashakthi Insurance to offer cashless consultations, medicine delivery, telemedicine and homecare services.