Softlogic Life Q3 2025: 29% GWP Growth & Historic Acquisition š
⢠Softlogic Life Insurance PLC reported a Gross Written Premium (GWP) of Rs. 28.2 Bn for the nine months ended Sep 30, 2025, marking a robust 29% year-on-year growth. ⢠Financial Performance (9M 2025): Profit Before Tax (PBT) reached Rs. 3.3 Bn, with Profit After Tax (PAT) at Rs. 2.3 Bn. Total Assets stood at Rs. 59 Bn. The company recorded a strong Return on Equity (ROE) of 24%. ⢠Claims & Protection: Rs. 13.5 Bn was disbursed in total claims and benefits. Rs. 9.5 Bn was for health and other protection covers, reinforcing its market leadership in health insurance (36% market share as at end 2024). Over 98% of claims were settled within a single day. ⢠Strategic Landmark: The company completed the acquisition of 100% of Allianz Life Insurance Lanka. This is a historic first acquisition of one Life Insurance company by another in Sri Lanka. ⢠Outperformance: Softlogic Life's 10-year GWP Compound Annual Growth Rate (CAGR) is 26%, significantly higher than the industry's 15% CAGR. It also won "AI Innovation of the Year" at the Asia Insurance Industry Awards (AIIA) 2025.