š LOLC General Insurance Ranks 4th Largest in SL General Market (3Q 2025)
⢠LOLC General Insurance PLC (LGI) has advanced to become the 4th largest general insurance provider in Sri Lanka by the end of 3Q 2025, climbing from 7th place in 2019. ⢠The company recorded a robust 17% Gross Written Premium (GWP) growth, significantly outperforming the overall insurance industry's growth rate of 15%. ⢠Market share increased from 8.89% to 9.06%, signaling consistent year-on-year expansion. ⢠The crucial Motor Insurance segment, which contributes over 75% of LGI's GWP, grew by an impressive 23% and retained its position as the 3rd largest motor insurance provider nationally. ⢠This strategic progress is driven by customer confidence, streamlined processes, strong reinsurance backing, and LGI's position as a member of the resilient LOLC Group.