• Sri Lanka Insurance Life Records a Rs. 21 billion GWP and Sri Lanka Insurance General records a 23.1 billion GWP
• An exceptional payout totalling Rs. 27.6 billion for Claims and Maturity, averaging Rs. 2.3 billion per month
• Sri Lanka Insurance Life Limited and Sri Lanka Insurance General Limited well poised to embark on a new journey
Sri Lanka Insurance concludes the year 2023 with remarkable success, achieving an impressive profit before taxation of Rs. 10.6 billion, reflecting a robust improvement in combined Gross Written Premium (GWP) of Rs. 44.2 billion, marking a growth of 7.2%. As of December 31, 2023, Sri Lanka Insurance Life recorded a premium volume of Rs. 21 billion, while Sri Lanka Insurance General recorded a premium value of Rs. 23.1 billion.
Reaffirming its commitment to customers throughout 2023, Sri Lanka Insurance disbursed Rs. 27.6 billion to policyholders in the form of maturity settlements and combined claim payments in addition to the 10.4 billion bonus declaration, underscoring the company’s steadfast commitment to honouring its obligations and ensuring the trustworthiness of its investment services.
Solidifying its strong financial position, SLIChas been able to continuously increase its Asset base and Life Fund over the years. This year the company was able to increase its asset base to Rs. 313.3 billion and the Life fund to Rs. 180.8 billion. These achievements came amidst numerous changes that took place within the organisation and during challenging economic and social conditions that prevailed in the country.
Securing its number one position for the fifth consecutive year, at the end of 2023 Sri Lanka Insurance Motor Plus remains the market leader recording a claim payout of 10 billion.
