SLIC Life posts robust financial performance with Rs. 30.7 b PBT in 2024

Records Rs. 26.3 b in GWP with 25% growth Achieves Rs. 5.3 b in New Business, realising record 48% growth Makes exceptional payout of Rs. 13.7 b for Claims and Maturity, averaging Rs. 1.15 b per month

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SRI Lanka Insurance Corporation Life Ltd., (SLICLL) said yesterday it concluded the year 2024 with outstanding financial performance, achieving a remarkable Profit Before Tax (PBT) of Rs. 30.7 billion. The company recorded a robust Gross Written Premium (GWP) of Rs. 26.3 billion, reflecting an impressive 25% growth.

As of 31 December 2024, SLICLL marked a historic milestone with a New Business volume of Rs. 5.3 billion, recording a 48% growth, the highest in the company's history.

Demonstrating its unwavering commitment to policyholders, SLICLL disbursed Rs. 13.7 billion in maturity settlements and claim payments in 2024. These figures reaffirm the company's financial strength and dedication to fulfilling its obligations.

Further cementing its position as a market leader, SLICLL continued to expand its asset base to an impressive Rs. 237 billion and grew its Life Fund to Rs. 213.2 billion. These achievements were realised amidst organisational transformations and challenging economic conditions..