Banking and Finance

Ceylinco Life’s 2024 Annual Report wins prestigious double honours

Adjudged winner in ‘Other Financial Services’ category at ACCA Sustainability Reporting Awards

Receives Silver at CA Sri Lanka’s TAGS awards

Ceylinco Life has secured two prestigious accolades for its 2024 Annual Report, reaffirming the Company’s leadership in transparent, accountable and sustainability-driven corporate reporting.

At the Association of Chartered Certified Accountants (ACCA) Sri Lanka Sustainability Reporting Awards, Ceylinco Life emerged winner in the ‘Other Financial Services’ category for the second time. Organised by the ACCA, one of the world’s most respected professional accounting bodies, the awards are assessed against globally accepted sustainability and reporting standards rather than local benchmarks, lending them strong international credibility. The recognition underscores Ceylinco Life’s sustained commitment to setting new benchmarks in sustainability reporting within Sri Lanka’s corporate sector.

The Company’s reporting excellence was also recognised at the TAGS Awards 2025 presented by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Ceylinco Life was ranked among the Top 10 Integrated Reports in Sri Lanka and received the Silver Award in the Insurance Companies category for entities with Gross Premium above Rs. 10 billion. The TAGS Awards evaluate annual reports on the pillars of Transparency, Accountability, Governance and Sustainability, and are widely regarded as Sri Lanka’s benchmark for corporate reporting excellence.

Commenting on the significance of the recognitions, Ceylinco Life Senior Executive Director/ Chief Financial Officer Mr Palitha Jayawardena said these awards validate the Company’s disciplined approach to transparency, governance and sustainability. “Our integrated reporting journey is not only about compliance; it is about clearly demonstrating how we create and protect value over the long term. Being recognised both by the ACCA and by CA Sri Lanka affirms that our reporting standards meet the highest expectations and reflect the depth of our commitment to responsible and sustainable business practices,” he said.

The award-winning annual report, titled ‘Beyond Insurance – A Promise for Life’ is Ceylinco Life’s 10th integrated annual report. It presents a comprehensive account of the Company’s business activities during the financial year, aligned with the standard annual reporting cycle for financial and sustainability disclosures. Primarily addressed to stakeholders, the report demonstrates how the Company’s vision shapes its strategy, value creation model and stakeholder engagement within an evolving operating environment. Alongside qualitative and quantitative performance results, it outlines the Company’s outlook and its capacity to generate sustainable long-term value.

Reflecting an organisation-wide commitment to sustainability, the report includes sustainability and climate-related disclosures aligned with the SLFRS S1 and S2 Standards, further strengthening the robustness and transparency of its reporting framework. It also highlights Ceylinco Life’s enduring pledge to create value beyond the sphere of life insurance, with an impact that positively transforms communities across the island.

Recognized as the Best Life Insurer in Sri Lanka by World Finance for the 12th consecutive year in 2025, Ceylinco Life has been the market leader in the country’s life insurance industry for 22 consecutive years. The Company offers innovative insurance solutions that protect and de-risk the ambitions of policyholders. In 2025, Ceylinco Life was ranked the most valuable insurance brand in Sri Lanka and the 22nd most valuable brand overall by Brand Finance. It was also voted the People’s Life Insurance Service Provider of the Year for the 19th consecutive year in 2025, reaffirming its position as a brand trusted by millions.

The Company has additionally been adjudged Sri Lanka’s Brand of the Year twice within the past five years and has been recognized among the 10 Most Admired Companies in Sri Lanka by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA).