Softlogic Life Grows 29% with GWP of Rs. 28.2 Bn for 9 months

Softlogic Life Insurance PLC continued its 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 30th 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 Bn, while Profit After Tax (PAT) was Rs. 2.3 Bn. Softlogic Life’s total assets reached Rs. 59 Bn, with total equity standing at Rs. 11.6 Bn. 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 continued to excel in claims management. During the nine months ending 30th September 2025, the company disbursed Rs. 13.5 Bn in claims and benefits, a reflection of its unwavering dedication to protecting and supporting policyholders. Of this Rs 9.5 Bn was for claims relating to health and other protection covers, that excluded maturities and surrenders, compared to Rs. 8 Bn in 2024 reinforcing Softlogic Life’s leadership in the health insurance sector, where it commands a 36% market share as at end 2024.

Softlogic Life’s ability to consistently deliver fast and fair claim settlements has become a hallmark of its brand promise. With over 98% of claims settled within a single day, the company continues to redefine public perception of insurance, establishing itself as a trusted partner safeguarding the health and well-being of over 1.3 million Sri Lankans.

Building on this momentum, Softlogic Life Insurance PLC successfully completed the acquisition of 100% of Allianz Life Insurance Lanka Limited and 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 acquisition is of historical significance as it is the first time that a Life Insurance Company has acquired another Life Insurance Company in Sri Lanka.

 Ashok Pathirage, Chairman of Softlogic Life Insurance PLC, commented on the company’s Q3 results stated; “Our Q3 results stand as a testament to Softlogic Life’s vision, agility, and unwavering commitment to deliver within Sri Lanka’s life insurance industry. We are proud to drive sustainable growth while strengthening our position as a trusted and forward-looking insurer. These results underscore the success of our long-term strategy focused on innovation, customer-centricity, and stakeholder value creation. As we move into the final quarter of the year, we are energized by strong momentum to continue empowering Sri Lankans to live the lives they envision, with the peace of mind that Softlogic Life stands beside them.”

 Over the past decade, Softlogic Life has consistently outperformed the industry, achieving a Compound Annual Growth Rate (CAGR) of 26% in GWP, compared to the industry’s 10-year CAGR of 15% while delivering over 20% ROE in the last five years. This consistent performance underscores the company’s strong fundamentals, strategic direction, and commitment to expanding national insurance penetration.

 Iftikar Ahamed, Managing Director of Softlogic Life, added: “We are reshaping the industry through continuous innovation and an unwavering focus on our policyholders. Our portfolio is designed to serve every segment of the market, backed by pioneering AI-driven solutions such as record-speed claim settlements. This year, global platforms like Bloomberg have spotlighted Softlogic Life for our best practices in AI. Most recently, we were honoured at the 29th Asia Insurance Industry Awards (AIIA) 2025, winning Asia’s Top award for the “AI Innovation of the Year”, a historic moment for a Sri Lankan insurer. These milestones demonstrate our transformative role in redefining the insurance experience in Sri Lanka.”

 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 setting new benchmarks for financial reporting landscape in Sri Lanka. 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 honoured with the Bronze Award for Overall Excellence in Corporate Reporting, along with six other distinguished industry accolades, highlighting its consistent pursuit of corporate excellence.