Sri Lanka Insurance Life (SLIC Life) reported a strong financial performance in 2025, driven by robust premium growth, higher profitability, and continued policyholder confidence.
The company posted a Profit Before Tax of Rs. 4.3 billion, while Gross Written Premium rose 24% to Rs. 32.6 billion. New Business Premium Income recorded a sharp 42% increase to Rs. 7.56 billion, marking the highest growth among leading life insurers and reflecting expanded market reach.
SLIC Life paid Rs. 16.2 billion in claims and maturity benefits during the year and declared Rs. 12.5 billion in bonuses for 2025 on policies in force during 2024—the highest annual bonus in the local life insurance industry. Since 2006, total bonuses paid have reached Rs. 116.6 billion.
The company’s asset base grew to Rs. 275 billion, while its Life Fund expanded to Rs. 247 billion, retaining its position as the largest in the industry. It also contributed Rs. 1.4 billion in taxes to the Government.
Operational performance was further supported by a record 351 Million Dollar Round Table (MDRT) qualifiers in 2025, the highest in its history.
CEO Nalin Subasinghe attributed the results to disciplined execution and strong customer trust, while Chairman Nusith Kumaratunga highlighted the company’s resilience and contribution to national economic stability.
SLIC Life also began 2026 on a positive note, reporting January GWP of Rs. 3.2 billion, up 22%, and New Business Premium of Rs. 717.6 million, up 20% year-on-year.
The insurer continued to receive industry recognition, including being named ‘Most Loved Life Insurance Brand’ for the eighth consecutive year and maintaining strong international ratings and certifications.
Beyond business performance, the company expanded social initiatives including scholarships, school support programmes, and disaster relief efforts following Cyclone Ditwah, reinforcing its broader community engagement.