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People's Insurance achieves 33% revenue growth in Q3

Daily FT

|

November 24, 2025

THE People's Insurance PLC has delivered a strong performance for the nine months ended 30 September 2025, reporting solid top-line momentum and sustained financial stability despite a dynamic operating environment.

In a statement the Company said it posted an impressive 33% top-line growth in Q3—more than the industry's overall growth rate of 15%—underscoring its strengthened market presence, prudent underwriting discipline, and focused business expansion strategies. Quarter-on-quarter growth stands at 34% compared to 2024.

It said growth was driven primarily by robust contributions from both the Motor and Non-Motor segments. The Motor segment achieved a remarkable 43% year-on-year growth compared to the industry's 24%. The Non-Motor segment also performed strongly, recording 9% growth against the industry's 4.5% and contributing 24% to the overall premium base.

FLERE HISTORIER FRA Daily FT

Daily FT

Vision 2030: Banking Sri Lanka into a more competitive future

AS the end of the calendar year approaches, Sri Lanka has at last moved from stabilisation into a brittle but very real recovery. The economy is nearing its second full year of positive GDP growth with inflation broadly under control, while foreign reserves are on track to reach around $ 6.5 - 7 billion. A powerful rebound in external inflows - especially a 20% year-on-year increase in worker remittances to nearly $ 6.5 billion by October 2025 — has given our nation badly needed breathing room.

time to read

5 mins

November 25, 2025

Daily FT

Sri Lanka steps into Al future - SLASSCOM's Al Asia Summit 2025 positions the nation as South Asia's emerging Al innovation hub

Sri Lanka took a major leap forward in its digital transformation journey as the sixth edition of SLASSCOM's AI Asia Summit 2025 concluded in Colombo, signalling the country's growing role as a regional hub for applied AI and innovation.

time to read

2 mins

November 25, 2025

Daily FT

Daily FT

CBSL expected to hold rates as credit surge, external pressures limit policy space: FCR

FIRST Capital Research expects the Central Bank to keep policy rates unchanged at tomorrow's monetary policy review, saying current macro conditions do not justify easing. It assigned a 60% probability to the policy stance being maintained, alongside a 40% likelihood of a rate reduction.

time to read

2 mins

November 25, 2025

Daily FT

Thitikul seals back-to-back titles at LPGA finale

WORLD number one Jeeno Thitikul defended her title at the season-ending CME Group Tour Championship by holding off fellow Thai Pajaree Anannarukarn by four shots.

time to read

1 min

November 25, 2025

Daily FT

Domestic...

The debt to GDP ratio has fallen to 99.1 % in 2024 from 114.2% in 2022 due to restructuring and revenue driven fiscal consolidation under the IMF program.

time to read

3 mins

November 25, 2025

Daily FT

Scaling up energy transition in Asia and Pacific

STRONG economic growth has moved in parallel with rising fossil fuel use and greenhouse gas emissions in East Asia and Pacific region.

time to read

2 mins

November 25, 2025

Daily FT

CATL fuels Evolution Auto’s mission for sustainable mobility in Sri Lanka

THE global movement toward sustainable mobility continues to accelerate, led by Contemporary Amperex Technology Co. Ltd., (CATL) - a leading innovator and manufacturer of electric vehicle (EV) batteries.

time to read

1 mins

November 25, 2025

Daily FT

Daily FT

What if you log in one day, only to find out your life no longer belongs to you?

A young woman in Kandy wakes up to find her private photos shared once in trust with her partner, circulating through WhatsApp groups she had never even heard of. In Jaffna, a university student who dared to speak up about women’s rights and equality for all, receives a series of anonymous messages threatening him. A young graduate from Colombo, just weeks into his first job, becomes a target of relentless gender trolling owing to his preferred gender identity. An activist with a disability from Batticaloa, fighting for inclusion finds herself excluded, bullied and targeted with hate speech.

time to read

5 mins

November 25, 2025

Daily FT

Daily FT

Elpitiya Plantations celebrates dedication and excellence at Estate Staff Awards

ELPITIYA Plantations recently held two distinguished award ceremonies for its Upcountry and Low Country estate staff to recognise and celebrate their dedication, hard work, and outstanding contributions to the company’s success.

time to read

1 mins

November 25, 2025

Daily FT

Daily FT

FINTREX Finance joins Hambantota Tuskers in historic Ceylon Golf League partnership

IN a landmark moment for Sri Lankan golf, FINTREX Finance PLC has signed a three-year partnership with the Hambantota Tuskers, one of the eight franchises of the inaugural Ceylon Golf League (CGL).

time to read

2 mins

November 25, 2025

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