Company filings and market news from across Sri Lanka's stock market.
HNB Life PLC signed a Memorandum of Understanding with the Government Medical Officers' Association to offer GMOA members tailored life insurance solutions and exclusive benefits. The partnership aims to provide protection and long-term financial planning support for medical professionals.
Sri Lanka Insurance Life declared a Rs. 14.68 billion bonus to policyholders for 2025, the largest annual life-insurance bonus in Sri Lanka. The company reported total assets of Rs. 275 billion, a Life Fund of Rs. 247 billion, PBT of Rs. 4.3 billion and GWP up 24% to Rs. 32.6 billion.
The Central Bank of Sri Lanka said 99.1% of Nation Lanka Finance PLC depositors will receive full settlement under the Sri Lanka Deposit Insurance Scheme (up to Rs.1,100,000) after the company's licence was cancelled on July 3, 2026; remaining depositors get the cap and may recover balances during liquidation.
Central Bank of Sri Lanka cancelled Nation Lanka Finance PLC’s licence effective 03.07.2026 and will proceed to wind up the company after appointing an Administrator; the Sri Lanka Deposit Insurance Scheme will pay insured depositors up to Rs.1,100,000 each, covering about 99.1% of depositors.
Sanasa Life Insurance fully subscribed a Rs. 500 million Tier II subordinated debenture with proceeds held in escrow pending the IRCSL lifting its licence suspension. The company says the raise would lift its CAR to 141% (cash) or 160% (if invested in government securities), above the 120% minimum.
Sri Lanka's rupee was quoted at 336.35/40 to the US dollar on Thursday and bond yields fell, with quoted yields on maturities from 2029–2036 around 10.95%–11.95%.
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.
Colombo Stock Exchange closed with the ASPI down 0.06% at 22,229.71 while the S&P SL20 rose 0.05% to 6,209.85; market turnover was Rs.1.52bn and capital goods led turnover at Rs.834.9m. Dialog, Melstacorp and Bukit Darah were positive contributors, Aitken Spence, DFCC Bank and Ceylon Tobacco were top decliners, crossings were recorded in Hemas, Windforce and Printcare, and SANASA Life raised Rs.500m via subordinated debentures to meet regulatory capital requirements.
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.
HUTCH Enterprise, the IRCSL and industry partners launched a nationwide digital vehicle insurance verification platform in May 2026 allowing motorists to check cover via USSD *1338# or SMS. The service removes physical insurance cards, enables real-time checks for authorities and aims to reduce fraud and admin burdens.
Sri Lanka sold Rs1,521 million of treasury bills on tap at average yields of 10.14% (3-month) and 10.21% (6-month), taking the week's total T-bill sales to Rs71.521 billion; settlement is June 26.
Richard Pieris Finance reported Profit Before Taxes of Rs.701.6 million for the year ended 31 March 2026. Profit after tax was Rs.448.7 million (up 76%), total assets Rs.24.57 billion, customer deposits Rs.11.68 billion, loans Rs.10.84 billion, and Fitch affirmed A(lka) Stable.
Janashakthi Insurance PLC (Janashakthi Life) moved up from 7th to 5th in the LMD Readers’ Choice Most Loved Life Insurance Brands 2026, signalling stronger consumer preference and brand trust.
People's Insurance PLC was named Best General Insurance Company of the Year 2026 – Sri Lanka and reported Q1 2026 GWP up 34% to Rs.2,856.54m, PBT Rs.230.52m and PAT Rs.156.40m. Non-motor GWP rose 25%, motor +38%, claims settled nearly Rs.1bn and capital/ liquidity remained above regulatory requirements.
Sri Lanka Insurance Corporation General Limited (SLICGL) hosted its General Insurance Summit 2025 on 12–13 June 2026 at Araliya Beach Resort, recognising top performers including the top 200 sales officers from its network of over 3,000 and focusing on professional development and wellbeing.
People’s Insurance PLC was named Best General Insurance Company of the Year 2026 – Sri Lanka and reported Q1 GWP up 34% to Rs. 2,856.54m, PBT Rs. 230.52m and PAT Rs. 156.40m; non-motor +25%, motor +38%, settled almost Rs.1bn in claims and maintained strong liquidity and capital adequacy.
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.
The IRD enacted broad tax reforms under the Inland Revenue (Amendment) Act No.11/2026 effective 3 June, including new capital gains rates (15% for individuals/partnerships; 30% for trusts, unit trusts, mutual funds and NGOs), expansion of a 5% withholding tax on many professionals, expanded TIN use, unit-trust compliance rules and stronger enforcement.
SANASA Life Insurance PLC will issue up to 5 million unrated, unlisted, unsecured Tier II subordinated cumulative redeemable debentures to raise up to Rs. 500 million via private placement; trustee concurrence, 75% holder approval and SEC conditions have been obtained.
Amana Takaful PLC closed a rights issue raising over Rs. 1 billion via the allotment of 52.8 million new shares at Rs. 19 each, with the offer 68.8% oversubscribed. Proceeds will support growth, digital initiatives and preparation for SLFRS 17/9, bolstering Tier I capital.
Colombo's ASPI fell 0.48% to 22,253.52 as investor sentiment soured over renewed Middle East peace concerns. Only 51 stocks rose vs 164 declines; turnover was ~Rs1.2bn and foreign investors were net sellers of Rs154.6m; main negative contributors were JKH, SPEN, DFCC, COMB and ACL.
Dividend · Rs 5.30 · XD Jul 2, 2026
Dividend of LKR 5.3/share; XD 2026-07-02; record 2026-07-02; payable 2026-07-21; FY 2026
Assetline Insurance Brokers and Toyota Lanka signed a Memorandum of Understanding to offer integrated insurance solutions and improved convenience to Toyota vehicle customers across Sri Lanka.
Colombo Stock Exchange ASPI fell 0.25% to 22,305.37 (down 55.94 pts) while the S&P SL20 dropped 0.30% to 6,196.50. Market turnover was Rs 423.9m, led by insurance at Rs 135.1m; NDB, Sampath and Lion Brewery were top gainers while Hayleys, Aitken Spence, Haycarb and LOLC led losses.
Softlogic Life Insurance PLC (AAIC.N0000) has signed an agreement to acquire a 60% stake in Bangladesh's Diamond Life Insurance for about $1.9 million. The deal marks Softlogic Life's entry into the Bangladeshi life insurance market and the company will hold a controlling interest upon completion; shares closed yesterday up Rs. 2.50 at Rs. 94.