Softlogic Life Delivers Rs. 7.2Bn GWP, Industry's Largest Absolute GWP Growth in 1HFY26

•      Grows market share to 20.3% as at Q2 2026

•      Pays Rs. 10.4 Bn in claims and benefits

•      Rs. 7.2 Bn in health and protection claims - Sri Lanka's largest health and protection claims payer

•      Protects 1.8 million+ Sri Lankans through 870,000+ active policies - Sri Lanka’s largest customer base

Softlogic Life reported its strongest first-half performance to date for the six months ended 30 June 2026 (1HFY26). Recording the highest increase in premiums amongst Sri Lankan life insurers, the company's GWP grew by Rs. 7.2 billion year-on-year, lifting its market share to 20.3% as at Q2 2026, up from 18.4% for FY2025.

Gross Written Premium (GWP) performance for the period reached Rs. 26 billion, a 39% year-on-year increase from Rs. 18.7 billion in 1H2025. Profit After Tax (PAT) stood at Rs. 1.46 billion, growing 20% over the first half of 2025, while Profit Before Tax (PBT) increased by 14% to Rs. 1.98 billion. The company maintained an impressive Return on Equity (ROE) of 39% and a Capital Adequacy Ratio (CAR) of 245% as at 31 December 2025, more than double the regulatory requirement of 120%, underscoring its financial resilience and long-term stability.

Softlogic Life's financial position remained robust during the period, with total assets increasing to Rs. 81.6 billion as at 30 June 2026, while total equity reached Rs. 14.6 billion. Financial investments amounted to Rs. 61 billion, accounting for 75% of total assets, reflecting the company's prudent investment strategy and investment in Government securities were 74% of the portfolio.

Reaffirming its position as Sri Lanka's largest health and protection claims payer, Softlogic Life paid Rs. 10.4 billion in claims and benefits during the first half of the year, up from Rs. 9.1 billion in the corresponding period last year. Of this, over Rs. 7.2 billion which is more than half of all claims paid went toward health and protection claims alone, underscoring the growing role Softlogic Life plays in safeguarding the health and financial wellbeing of Sri Lankan families. This reflects the company's core purpose: delivering greater quality of life to Sri Lankans, with meaningful financial protection and long-term peace of mind when it matters most.

Today, Softlogic Life protects more than 1.8 million Sri Lankans through over 870,000 active policies, up from 770,749 policies in 1H2025 making it the country's largest life insurance provider by customer reach. The company's sustained growth continues to be driven by a balanced portfolio of protection and long-term savings solutions, supported by an expanding distribution network and ongoing investment in customer experience and operational excellence.

This first-half performance builds on a period of transformative growth for Softlogic Life, including the completion of its acquisition of Allianz Life Insurance Lanka in July 2025 - the first life-insurer-to-life-insurer acquisition in the history of Sri Lanka's insurance industry and more recently, its acquisition of a 60% controlling stake in Bangladesh's Diamond Life Insurance in July 2026, marking the first overseas acquisition by a Sri Lankan Life Insurance Company, whilst being the first acquisition by a foreign insurer in Bangladesh. The Bangladesh acquisition marks the next phase of Softlogic Life's growth strategy, as the company looks to replicate its proven Sri Lankan success disciplined execution, product innovation, and sustained customer trust  in a new regional market.

"Delivering the industry’s largest absolute GWP growth, while remaining the country’s largest payer of health and protection claims, reflects the strength of our strategy and consistency of execution. We remain focused on sustainable growth, strong financial fundamentals and creating lasting value for our policyholders, shareholders and stakeholders. As the industry evolves, we will continue to strengthen our leadership through innovation, discipline and, above all, customer trust," said Softlogic Life Chairman Ashok Pathirage.

The first-half performance comes at a time when Sri Lanka's insurance landscape is undergoing structural change. An ageing population, rising healthcare costs, and increasing awareness of long-term financial security are driving greater demand for comprehensive protection solutions. Against this backdrop, Softlogic Life continues to invest in strengthening its capabilities, recognising that the future of insurance extends beyond financial protection to supporting healthier, more financially resilient communities. Among these investments is the company's recent product innovation, Health for Life a health insurance solution without an expiration date or age.

"Our first-half results reflect a business built on trust, disciplined execution and innovation. Health for Life is the present that is redefining protection for Sri Lankans, while our expansion into Bangladesh marks an exciting new future. We remain focused on deepening customer trust, expanding access to quality protection in Sri Lanka and taking our innovations and best practices to the region," said Softlogic Life Managing Director Iftikar Ahamed.

This strategic direction was reinforced at the company’s recent Investor Forum 2026, further strengthening Softlogic Life’s ability to respond to evolving customer needs while supporting sustainable, long-term growth. The company’s performance and brand strength continue to receive industry-wide recognition, reflected in a series of prestigious accolades, including Overall Silver Excellence in Corporate Reporting, Gold Awards for Insurance Sector Reporting and Digitally Transformative Reporting, and Silver Awards for Integrated Reporting and Sustainability Reporting at the CA Sri Lanka Annual Report Awards. The company also secured a Gold Award for Insurance Overall Excellence in Integrated Reporting, alongside four other main category awards, at the CMA Excellence in Integrated Reporting Awards. Further recognition includes Gold for Service Brand of the Year at the SLIM Brand Excellence Awards 2025 and the distinction of being the only Sri Lankan company to win AI Initiative of the Year at the 29th Insurance Industry Awards 2025.