Fitch assigns SLIC Life ‘A+ (lka)’ rating with Stable Outlook

Fitch Ratings has assigned Sri Lanka Insurance Corporation Life (SLIC Life) an ‘A+(lka)’ National Insurer Financial Strength (IFS) Rating—the highest among Sri Lankan life insurers—with a Stable Outlook. The rating reflects SLIC Life’s financial stability, strong market presence, and robust capital position, with a Risk-Based Capital ratio of 646% as of mid-2024. Fitch highlighted SLIC Life’s favorable profile, supported by its long-standing reputation, extensive distribution network, and 18% growth in gross written premiums in early 2024.

Chandana L. Aluthgama, Group CEO, and Chairman Nusith Kumaratuna credited the achievement to the company’s sound governance, sustainable growth strategies, and commitment to policyholders. SLIC Life remains focused on innovation and financial security, reinforcing its leadership in Sri Lanka’s insurance sector.



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