Softlogic Life delivers largest absolute GWP growth of Rs. 7.2 Bn

Softlogic Life reported its strongest first-half performance to date for the six months ended 30 June 2026 (1HFY26). Recording the highest increase in premiums amongst Sri Lankan life insurers, the company's GWP grew by Rs. 7.2 billion year-on-year, lifting its market share to 20.3% as at Q2 2026, up from 18.4% for FY2025.

Gross Written Premium (GWP) performance for the period reached Rs. 26 billion, a 39% year-on-year increase from Rs. 18.7 billion in 1H2025. Profit After Tax (PAT) stood at Rs. 1.46 billion, growing 20% over the first half of 2025, while Profit Before Tax (PBT) increased by 14% to Rs. 1.98 billion.

The company maintained an impressive Return on Equity (ROE) of 39% and a Capital Adequacy Ratio (CAR) of 245% as at 31 December 2025, more than double the regulatory requirement of 120%, underscoring its financial resilience and long-term stability.

Softlogic Life's financial position remained robust during the period, with total assets increasing to Rs. 81.6 billion as at 30 June 2026, while total equity reached Rs. 14.6 billion. Financial investments amounted to Rs. 61 billion, accounting for 75% of total assets, reflecting the company's prudent investment strategy and investment in Government securities were 74% of the portfolio.

Reaffirming its position as Sri Lanka's largest health and protection claims payer, Softlogic Life paid Rs. 10.4 billion in claims and benefits during the first half of the year, up from Rs. 9.1 billion in the corresponding period last year.

Of this, over Rs. 7.2 billion which is more than half of all claims paid went toward health and protection claims alone, underscoring the growing role Softlogic Life plays in safeguarding the health and financial wellbeing of Sri Lankan families.

Today, Softlogic Life protects more than 1.8 million Sri Lankans through over 870,000 active policies, up from 770,749 policies in 1H2025 making it the country's largest life insurance provider by customer reach.

This first-half performance builds on a period of transformative growth for Softlogic Life, including the completion of its acquisition of Allianz Life Insurance Lanka in July 2025 - the first life-insurer-to-life-insurer acquisition in the history of Sri Lanka's insurance industry and more recently, its acquisition of a 60% controlling stake in Bangladesh's Diamond Life Insurance in July 2026, marking the first overseas acquisition by a Sri Lankan Life Insurance Company, whilst being the first acquisition by a foreign insurer in Bangladesh.

The Bangladesh acquisition marks the next phase of Softlogic Life's growth strategy, as the company looks to replicate its proven Sri Lankan success disciplined execution, product innovation, and sustained customer trust in a new regional market.

"Delivering the industry’s largest absolute GWP growth, while remaining the country’s largest payer of health and protection claims, reflects the strength of our strategy and consistency of execution. We remain focused on sustainable growth, strong financial fundamentals and creating lasting value for our policyholders, shareholders and stakeholders. As the industry evolves," said Softlogic Life Chairman Ashok Pathirage.

"Our first-half results reflect a business built on trust, disciplined execution and innovation. Health for Life is the present that is redefining protection for Sri Lankans, while our expansion into Bangladesh marks an exciting new future," said Softlogic Life Managing Director Iftikar Ahamed.

Picture:  Managing Director, Iftikar Ahamed and Chairman, Ashok Pathirage