10 hours Ago By Thilina Walpola
Sri Lanka Insurance Corporation Life Limited (SLICLL) ended 2024 with exceptional financial results, posting a profit before tax of Rs. 30.7 billion and a Gross Written Premium of Rs.
26.3 billion, marking 25% growth. New Business volume reached a historic Rs.
5.3 billion, up 48%. The company disbursed Rs.
13.7 billion in claims and settlements, underscoring its reliability. SLICLL’s asset base grew to Rs.
237 billion, with its Life Fund reaching Rs. 213.2 billion.
It also recorded 319 MDRT qualifiers. Continuing its legacy, the company declared the industry’s largest bonus of Rs. 11.
2 billion for 2023, with an even higher 2024 bonus forthcoming. Group Chief Executive Officer of Sri Lanka Insurance, Chandana L. Aluthgama, said: “Our exceptional financial performance is a testament to the dedication and resilience of our team, who have navigated challenges with unwavering commitment.
Despite economic fluctuations and internal transformations, our strategic focus has reinforced our market leadership. As we step into the future, we remain committed to innovation, customer trust, and industry leadership.” Chairman of Sri Lanka Insurance, Nusith Kumaratunga, said: “Sri Lanka Insurance Life has proven its strength and stability, delivering sustainable growth while reinforcing its role in the nation’s economic progress.
Our vision extends beyond business success, we aim to contribute to national development by strengthening the economy and reducing dependency of the people on state support.”.
