Sri Lanka Insurance Sector Performance: Q1–Q3 2025 📈

The Insurance Regulatory Commission of Sri Lanka reports robust growth and resilience across the industry as of September 30, 2025, driven by a surge in premiums and asset expansion. • Overall Figures Total Gross Written Premium (GWP) reached Rs. 283.61 Bn, a 19.48% YoY increase. Total Industry Assets grew by 15.97% to Rs. 1.35 Tn. Profit Before Tax (PBT) rose to Rs. 37.38 Bn (+6.6% YoY). • Sector Breakdowns Long-Term Insurance: Remained the dominant driver with GWP of Rs. 164.06 Bn (+25.06% YoY). Assets in this segment grew 17.54% to exceed Rs. 1 Tn. General Insurance: Recorded GWP of Rs. 119.55 Bn (+12.58% YoY). While its PBT surged by 26.2%, the long-term segment saw a slight PBT dip of 6.46%. Insurance Brokers: Showed exceptional growth with total assets rising 32.32% to Rs. 19.55 Bn. • Key Market Highlights Motor Insurance: Regained its lead in the general segment, accounting for 47% of premiums with a 20.15% growth rate. Marine & Trade: Strong performance in marine (+13.09%) and SRCC (+15.70%) reflects increased trade and risk protection needs. Government Securities: Total industry investment in state debt rose 13.47% to Rs. 672.20 Bn. • Claims & Stability Total claims incurred rose 15.75% to Rs. 126.13 Bn, primarily due to a 27.38% spike in long-term insurance benefits (maturities and death benefits).