HNBA Life Insurance Posts Sector-Leading 38% GWP Growth in 9M 2025 š
ā¢ HNB Assurance (HNBA) recorded the highest Life Gross Written Premium (GWP) growth among Sri Lankan life insurers, surging 38% YoY to Rs. 13.74 Billion for the nine months ended Sep 30, 2025. ā¢ Total Group GWP (Life and General) reached Rs. 21.9 Bn, marking a 32% increase from the corresponding period last year. ā¢ Financial Strength: ā¢ Total Assets grew by 18% to Rs. 63.2 Bn. ā¢ The Life Fund expanded by a robust 24% to Rs. 47.4 Bn, signaling strong fund management. ā¢ Profit After Tax (PAT) rose 12% to Rs. 617 Mn. ā¢ Commitment: Net claims and benefits incurred to policyholders increased significantly by 54% to Rs. 3.25 Bn. ā¢ Drivers: The growth was attributed to strong performance in agency and bancassurance channels, complemented by new product offerings and improved policy persistency.