HNB Life Records 54% GWP Surge in Q1 2026 š
⢠Overall Performance: HNB Life reported a robust start to 2026, with Gross Written Premium (GWP) reaching Rs. 7.01 Bn, a significant 54% YoY increase from Rs. 4.55 Bn in Q1 2025. Net Written Premium also grew by 54% to Rs. 6.69 Bn. ⢠Income & Assets: Total Net Income rose 39% to Rs. 8.69 Bn, bolstered by interest and dividend income of Rs. 2.05 Bn. Total assets expanded to Rs. 71.38 Bn, while the Life Insurance Fund grew to Rs. 52.55 Bn. ⢠Profitability: Profit After Tax (PAT) exceeded Rs. 210 Mn for the quarter (reported without the year-end surplus transfer). Earnings were impacted by the prevailing low-interest-rate environment and fair value fluctuations in the equity portfolio. ⢠Strategic Context: The growth follows a recent rebranding under the Hatton National Bank Group umbrella. Management attributed the success to enhanced advisor productivity and digital enablement within the Life Insurance sector, ensuring long-term capital stability with total equity at Rs. 11.45 Bn.