- Industry-Leading GWP Growth: LKR 4.2Bn
- Return on Equity: 20% (ROE for Dec 2024: 38.2%)
- Allianz Life Acquisition: 100% completed – Total assets of LKR 11Bn
- Total Benefits & Claims: LKR 9.4Bn, up 30%
- Regular Claims: LKR 6.3Bn, up 19%
- Market Share: Grows to 18%
- Shortlisted by Asia Insurance Review for “Digital Insurer of the Year” and “AI initiative of the Year”
August X, 2025: Softlogic Life reported another robust half-year performance, posting a Gross Written Premium (GWP) of LKR 18.7Bn for the six months ended 30 June 2025, marking a 29% year-on-year increase and securing the highest absolute GWP growth in the industry of LKR 4.2Bn. Profit After Tax (PAT) reached LKR 1.2Bn, delivering a Return on Equity (ROE) of 20%, while Profit Before Tax (PBT) was LKR 1.7Bn. Standing firmly with market share of 18%, the Company continues to outperform the market, with its 10-year GWP CAGR reaching 26% compared to the industry’s 15%.
Softlogic Life’s balance sheet recorded total assets of LKR 58.1Bn and total equity of LKR 11.9Bn. Financial investments stand at LKR 48.7Bn, representing 84% of total assets. In recognition of this performance, the company declared an interim dividend of LKR 4.50 per share, amounting to a total payout of LKR 1,424Mn. As at December 2024, Softlogic Life maintained a healthy ROE of 38.2% and a Capital Adequacy Ratio (CAR) of 298%, well above the regulatory requirement of 120%.
Being the largest health insurer in the market, Softlogic Life is at the forefront of addressing rising health risks including dengue, chikungunya, influenza, and other viral outbreaks, where the company demonstrated its unwavering commitment to policyholders, paying total claims and benefits of LKR 9.4Bn in the first half, up 30% from the previous year. Of this, LKR 6.3Bn was for claims relating to health and other protection covers, that excluded maturities and surrenders, compared to LKR 5.3Bn in 1H 2024. This continued payout underscores Softlogic Life’s steadfast commitment to honoring its promise to policyholders and standing by its policyholders at all times.
Ashok Pathirage, Chairman of Softlogic Life, commented, “Our strong performance in the 1st Half reflects the power of clear focus, disciplined execution, and a relentless commitment to standing with our customers. Backed by our strategic distribution, digital-first approach and innovation pipeline, we continue to drive sustainable growth and further strengthen our standing in life and health insurance.”
The company protects over 1.3 million Sri Lankans through its 770,749 active policies, underscoring its role as a vital pillar of financial security across the nation. Softlogic Life’s strong performance in the first half highlights its ongoing commitment to innovation, customer focus, and operational excellence, while reinforcing its resilience and enhancing value for stakeholders.
Building on this momentum, on 11th July, Softlogic Life Insurance PLC successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited, following regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). First announced on 26th March 2025, this landmark transaction marks a strategic milestone in Softlogic Life’s growth journey, further reinforcing its forward trajectory and expanding its ability to deliver enhanced value to policyholders across Sri Lanka. This is the first time that a Life Insurance Company has acquired another Life Insurance Company in the Sri Lankan insurance industry.
Iftikar Ahamed, Managing Director of Softlogic Life, commented, “We remain optimistic about the prospects for Life and Health insurance in Sri Lanka. Our results in the first half of the year are a testament to our proactive mindset and the resilience of our team in driving sustainable business performance while delivering on our core purpose of protecting lives. The recent acquisition of Allianz Life Insurance Lanka Limited which is now a subsidiary of Softlogic Life Insurance PLC is part of that purpose that will enable us to extend our protection to even more Sri Lankans going forward. As we move ahead together, we will continue to innovate and challenge industry norms to drive a better quality of life for Sri Lankans.”
With a clear vision, Softlogic Life stands out among Sri Lanka’s future-ready organizations for its belief in AI and technology as engines of scalable growth. Continuing its track record of industry firsts, this reinforces Softlogic Life’s position as a progressive, tech-led insurer redefining industry standards. Going beyond strong performance, Softlogic Life has also reaffirmed its commitment to transparency, accountability, governance, and sustainability. At the 59th CA TAGS Awards 2024, the company earned a prestigious Top 3 placement among Sri Lanka’s leading corporates, becoming the only stand-alone company to achieve this milestone for the fourth consecutive year. In addition, Softlogic Life was honored with the Bronze Award for Overall Excellence in Corporate Reporting, along with six other distinguished industry accolades, highlighting its consistent pursuit of corporate excellence.
