šŸ“ˆ LOLC General Insurance Ranks 4th Largest in SL General Market (3Q 2025)

Source

• 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.

Listen to this article

Duration: 1:15