Insurance · Multi-Line Insurance
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 5.7B | Rs 355.2M | 1.74 |
| 2024 | Rs 5.9B | Rs 429.4M | 2.13 |
| 2023 | Rs 5.7B | Rs 521.6M | 2.61 |
| 2022 | Rs 6.4B | Rs 636.0M | 3.18 |
| 2021 | Rs 5.9B | Rs 979.7M | 4.90 |
| 2020 | Rs 6.2B | Rs 1.2B | 5.98 |
| 2019 | Rs 6.1B | Rs 647.7M | 3.24 |
People’s Insurance PLC is a Sri Lanka-based general insurance company providing comprehensive general insurance solutions to personal and corporate customers nationwide. The Company is backed by People’s Leasing & Finance PLC and People’s Bank and serves a broad customer base across the island. Its business is organised around motor and non-motor insurance lines. The motor business is the Company’s dominant portfolio, offering a range of motor insurance products and customer services designed for claims convenience. The non-motor portfolio comprises fire, marine and miscellaneous insurance and includes specialised products for catastrophe protection and risks related to renewable energy and infrastructure. People’s Insurance operates through a network of branches across Sri Lanka and has invested in digital and customer-service initiatives, including the Call & Go claims facility, the AI-powered People’s Buddy customer engagement tool, an Inspection Management Mobile Application and a Customer Management System, to improve accessibility and service efficiency.
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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.
Commercial High Court (Colombo) ruled in favour of Rice Lanka Processing Ltd, finding that an Amana Takaful PLC cover note provided valid interim insurance for two flood claims totalling Rs. 66,006,338. The decision affirms cover notes are legally binding and raises insurer liability in similar cases.
Fitch upgraded four Sri Lankan insurers' National IFS ratings after recalibrating the national scale following Sri Lanka's sovereign upgrade; People's Insurance was upgraded to A(lka) and Co-operative Insurance's rating was affirmed at BB(lka). Fitch said the moves reflect reduced investment and liquidity risks tied to the sovereign and banks.
Fitch upgraded the national IFS ratings of four Sri Lankan insurers after recalibrating the national rating scale following a sovereign upgrade — People's Insurance (PINS.N0000) was raised to A(lka), HNB Assurance and HNB General were upgraded, while Co-operative Insurance (COOP.N0000) was affirmed at BB(lka).
Insurance sector metrics strengthened in 1Q 2026: GWP rose 24.54% to Rs.114,863 million, total assets grew 16.65% to Rs.1,478,777 million, and industry PBT edged up 3.14% to Rs.9,978 million, with Life PBT down 11.5% and General PBT up 28.1%. June services PMI rose to 58.5 with gains in insurance, alongside higher employment and new business. Brokers flagged PDPA and cyber liabilities, highlighting D&O and Cyber insurance.
Auto-generated from 5 sector news articles over 30 days. Not investment advice.