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People’s Insurance reports 33% GWP revenue growth
Daily FT
|August 22, 2025
PEOPLE’S Insurance PLC yesterday said Gross Written Premium (GWP) revenue grew 33% from a year earlier to Rs. 3.7 billion in the first half of 2025.
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This marks one of the highest GWP growth rate among Sri Lanka’s general insurers for the June 2025 quarter, the company said, adding that growth was broad-based, with all major business segments delivering strong year-on-year performance.
The Motor Insurance segment remained the largest contributor to revenue, accounting for 77% of total GWP and posting a 40% increase from the previous year. The Fire Insurance segment also performed strongly, achieving 19% growth over the same period last year.
People’s Insurance settled claims amounting to Rs. 1.4 billion in 1H 2025.
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