Prøve GULL - Gratis
Softlogic Life grows 29% with GWP of Rs. 28.2 b for 9 months
Daily FT
|November 21, 2025
SOFTLOGIC Life Insurance PLC said yesterday it continued exceptional growth trajectory in the third quarter of 2025, reporting a Gross Written Premium (GWP) of Rs. 28.2 billion for the nine months ending 30 September 2025, a robust 29% year-on-year growth compared to the same period last year.
-
The company also recorded Profit Before Tax (PBT) of Rs. 3.3 billion, while Profit After Tax (PAT) was Rs. 2.3 billion. Softlogic Life’s total assets reached Rs. 59 billion, with total equity standing at Rs. 11.6 billion. The company maintained a strong Return on Equity (ROE) of 24% for the period and a healthy Capital Adequacy Ratio (CAR) of 298% (as at 31 December 2024), significantly above the regulatory requirement of 120%.
Reaffirming its commitment to delivering on its promises, Softlogic Life said it continued to excel in claims management. During the nine months, the company disbursed Rs. 13.5 billion in claims and benefits, a reflection of its unwavering dedication to protecting and supporting policyholders. Of this Rs. 9.5 billion was for claims relating to health and other protection covers, that excluded maturities and surrenders, compared to Rs. 8 billion in 2024 reinforcing Softlogic Life’s leadership in the health insurance sector, where it commands a 36% market share as at end 2024.
Denne historien er fra November 21, 2025-utgaven av Daily FT.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Daily FT
Daily FT
UN warns "world is not prepared” for escalating climate disasters
THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.
2 mins
December 12, 2025
Daily FT
Sajith launches Disaster Information Centre
Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level
1 min
December 12, 2025
Daily FT
Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed
Subscription list closes on opening day as investors grab initial offer and option
1 min
December 12, 2025
Daily FT
US Fed delivers third rate cut of the year
THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.
1 min
December 12, 2025
Daily FT
Positive momentum in primary auctions continue
Secondary Bond market rates decrease Rupee depreciates
1 mins
December 12, 2025
Daily FT
ADB grants $ 200 m loan for water, food security in North Central Province
THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.
2 mins
December 12, 2025
Daily FT
Banking assets up 16% YoY to Rs. 24.5 t in 9M
THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.
1 min
December 12, 2025
Daily FT
Cabinet green lights procuring range of vehicles and equipment to boost primary health care system
THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.
1 mins
December 12, 2025
Daily FT
Cabraal discharged on condition he compensates Central Bank in three months
Lawyer argues his client had no intention of causing financial loss to GoSL
2 mins
December 12, 2025
Daily FT
New 3% concessionary loan scheme to support 130,000 MSMEs from next year
IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.
1 min
December 12, 2025
Listen
Translate
Change font size
