HNB General Insurance Hits Record Rs. 11 Bn GWP in 10 Years 📈

HNB General Insurance (HNBGI) has become the fastest Sri Lankan general insurer to reach the Rs. 11 billion Gross Written Premium (GWP) milestone within a decade of operations, surpassing industry growth rates. • Overall Performance: Recorded a GWP of Rs. 11.0 Bn for 2025, reflecting a robust 21% growth YoY, significantly outpacing the industry average of 15%. The company moved up to 6th place in the national market rankings. • Sector Breakdowns: • Motor: Grew by 25% to Rs. 6 Bn. • Fire: Surged by 27% to reach Rs. 2.4 Bn. • Miscellaneous: Contributed Rs. 2.2 Bn. • Marine: Increased by 16% to Rs. 378 Mn. • Claims & Resilience: Demonstrated strong financial reliability by committing Rs. 2.5 Bn for Ditwah cyclone-related claims and paying an additional Rs. 4.7 Bn across other segments. • Financial Position: Total Assets grew by 31% to Rs. 13.38 Bn. The Capital Adequacy Ratio stands at 190%, well above regulatory requirements. Fitch Ratings recently upgraded the company’s insurer financial strength rating from A-(lka) to A (lka). • Strategic Milestone: The firm maintained a 5-year Compound Annual Growth Rate (CAGR) of 17.1% and is currently preparing for full SLFRS 17 adoption in 2026.