Softlogic Life Insurance PLC delivered a standout 2025, posting Rs. 40.1 billion in Gross Written Premiums and 27% growth, while acquiring Allianz Life Insurance Lanka and securing USD 15 million from Norfund and OP Finnfund. Strong profitability, rapid claims settlement, and governance awards cement its market leadership.
In a year marked by consolidation, capital infusion and digital acceleration, Softlogic Life Insurance PLC delivered one of the strongest performances in Sri Lanka’s insurance sector, closing 2025 with a Gross Written Premium (GWP) of Rs. 40.1 billion and a robust year-on-year growth of 27%. The results not only reinforce its leadership in the life insurance industry but also underline a carefully executed long-term strategy that has doubled key financial indicators over the past four years.
With an 18.4% market share and the highest absolute growth in the industry—adding Rs. 10.1 billion in GWP during 2025—Softlogic Life has strengthened its standing in a competitive and evolving landscape. The company’s growth trajectory is particularly striking when viewed against its performance in 2021, when GWP stood at Rs. 20 billion. In just four years, the insurer has doubled that figure, alongside corresponding gains in Profit After Tax (PAT), Profit Before Tax (PBT), Earnings Per Share (EPS) and overall shareholder returns.
The numbers tell a story of disciplined execution. For the year ended December 31, 2025, Softlogic Life recorded a Profit After Tax of Rs. 4.7 billion, while Earnings Per Share rose to Rs. 14.79. Its 10-year average Return on Equity (ROE) stands at an impressive 32.4%, comfortably exceeding 30% and underscoring strong operational efficiency and capital management. Over the past decade, the company has achieved a GWP Compound Annual Growth Rate (CAGR) of 26%, significantly outperforming the industry’s 16% CAGR over the same period.
Total assets expanded to Rs. 68.6 billion, supported by a diversified and prudently managed investment portfolio. The insurer’s Capital Adequacy Ratio reached 245%, more than double the regulatory requirement of 120%, demonstrating a resilient balance sheet and a substantial capital buffer to support future growth initiatives.
Beyond the financial metrics, Softlogic Life has expanded what it describes as the largest customer franchise in Sri Lanka’s life insurance market. The company now manages over 840,000 policies covering approximately 1.3 million Sri Lankan lives, reinforcing its position as the country’s largest health insurer. In a market where healthcare costs remain a significant out-of-pocket burden for families, the scale and reach of its health portfolio have positioned the insurer as a key pillar of financial security.
Claims performance remains central to that promise. During 2025, the company paid Rs. 19.4 billion in claims and benefits, including Rs. 13.2 billion toward health and protection claims. It also maintained a remarkable service benchmark: 90% of claims were settled within one day. This rapid turnaround has been enabled by an AI-driven claims platform that earned recognition at a leading Asia Insurance Award for AI innovation, highlighting how technology investments are translating directly into customer impact.
Chairman Ashok Pathirage attributed the sustained growth to long-term clarity and trust. “Softlogic Life’s continued growth reflects the strength of our long-term strategy, disciplined execution, and unwavering focus on customer trust,” he said, adding that the company remains committed to building a strong protection culture to enhance financial security for Sri Lankan families.
A defining strategic milestone in 2025 was the completion of the acquisition of 100% of the life business of Allianz Life Insurance Lanka Limited, following regulatory approval from the Insurance Regulatory Commission of Sri Lanka. First announced in March 2025, the acquisition significantly enhances Softlogic Life’s scale, customer reach and long-term growth platform within the domestic life insurance sector. By integrating the Sri Lankan life arm of the global insurance major, the company has deepened its distribution network and broadened its product portfolio.
Complementing the acquisition was a USD 15 million long-term capital investment from Norfund and OP Finnfund Global Impact Fund I. This marks Norfund’s second investment in Softlogic Life since 2020, signalling continued international confidence in the insurer’s governance standards, growth trajectory and its role in strengthening financial resilience across Sri Lanka. The new capital is earmarked to expand inclusive protection solutions, including microinsurance offerings, while further reinforcing the company’s capital base.
Managing Director Iftikar Ahamed described 2025 as a year defined by protection-led growth and execution excellence. He emphasized that beyond financial outcomes, the company measures its success by the confidence placed in it by the millions of Sri Lankans it protects. The Allianz acquisition and partnerships with Norfund and OP Finnfund, he noted, enhance the insurer’s capacity to invest in innovation and extend insurance access to underserved segments.
Digital transformation continues to underpin that ambition. The company has accelerated investments in AI-driven underwriting, automated claims processing and digital health integrations to reduce administrative friction and improve accessibility. These systems enable the scaling of protection products across diverse income groups and geographies while maintaining operational efficiency. In a sector often characterized by paperwork and processing delays, Softlogic Life’s digital push is reshaping service expectations.
The insurer’s commitment to transparency and governance has also earned formal recognition. At the 60th CA Annual Report Awards (CA TAGS), the company secured one of the Overall Grand Awards along with four additional category awards, including the Gold Award for the Insurance Industry. This marks the fifth consecutive year that Softlogic Life has ranked among the Overall Top 3 corporates in Sri Lanka, making it the only standalone entity to sustain this distinction while competing alongside some of the country’s largest diversified conglomerates. The company also won the Gold Award for Overall Excellence in Integrated Reporting at the CMA Integrated Reporting Awards 2025.
Brand leadership has paralleled financial and governance achievements. Softlogic Life was named Service Brand of the Year 2025 at the SLIM Brand Excellence Awards, reflecting consistent delivery of superior customer experience and strong brand trust in a market where credibility is paramount.
As Sri Lanka continues to navigate economic recovery and evolving consumer needs, Softlogic Life’s 2025 performance positions it not merely as a market leader in numbers but as a systemic contributor to household financial resilience. With strong capital buffers, sustained profitability, digital innovation and strategic global partnerships, the insurer enters 2026 with reinforced scale and confidence. Its growth story, built on protection, speed and governance, signals a company that is not only expanding its balance sheet but also deepening its role as a financial safety net for the nation.
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