📈 Softlogic Life Delivers LKR 7.2 Bn GWP Growth in 1HFY26

Source

• Financial Performance & Growth Softlogic Life reported its strongest first-half performance for 1HFY26 (ended 30 June 2026). Gross Written Premium (GWP) reached Rs. 26 Bn, representing a 39% YoY increase from Rs. 18.7 Bn in 1H2025, driven by the industry's largest absolute GWP growth of Rs. 7.2 Bn. Profit After Tax (PAT) rose 20% YoY to Rs. 1.46 Bn, while Profit Before Tax (PBT) increased 14% YoY to Rs. 1.98 Bn. • Market Position & Asset Base The company expanded its market share in Sri Lanka's life insurance sector to 20.3% in Q2 2026 (up from 18.4% in FY2025). Total assets increased to Rs. 81.6 Bn, supported by Rs. 61 Bn in financial investments (75% of total assets, with 74% allocated to Government securities). Total equity reached Rs. 14.6 Bn. • Claims & Customer Coverage As the country's leading health and protection claims payer, the insurer paid Rs. 10.4 Bn in total claims and benefits in 1HFY26 (vs. Rs. 9.1 Bn in 1H2025). Over Rs. 7.2 Bn was allocated specifically to health and protection claims. The company now covers 1.8 Mn+ Sri Lankans across 870,000+ active policies. • Strategic Expansion & Diversification Following its acquisition of Allianz Life Insurance Lanka in July 2025, Softlogic Life acquired a 60% controlling stake in Diamond Life Insurance (Bangladesh) in July 2026—marking the first regional acquisition by a Sri Lankan life insurance company.

Listen to this article

Duration: 1:57