Individuals’s Insurance coverage PLC has as soon as once more reaffirmed its place as certainly one of Sri Lanka’s main basic insurers by a prestigious worldwide accolade and the continued recognition of outstanding efficiency inside its gross sales pressure.
In a major achievement, Individuals’s Insurance coverage was named Greatest Common Insurance coverage Firm of the Yr 2026 – Sri Lanka at The International Economics Awards, a globally revered platform that acknowledges organizations demonstrating excellence in efficiency, governance, innovation, and trade management. This marks the third consecutive 12 months that the Firm has obtained this distinguished worldwide recognition, underscoring its sustained dedication to operational excellence, customer-centric innovation, and long-term worth creation.
The popularity comes on the again of one other robust monetary efficiency throughout the first quarter of 2026. Individuals’s Insurance coverage recorded a 34% development in Gross Written Premium (GWP) to Rs. 2,856.54 million, outperforming the general trade development of 27% throughout the identical interval. Revenue earlier than tax elevated to Rs.
230.52 million, whereas revenue after tax rose to Rs. 156.40 million, representing an total profitability development of 18% year-on-year.
Demonstrating its dedication to prospects, the Firm settled claims amounting nearly to Rs. One billion throughout the quarter. The Non-Motor portfolio recorded a powerful development of 25%, considerably exceeding the trade development of 13% for the phase, reflecting the success of the Firm’s diversification technique and powerful market presence. The Motor portfolio remained the biggest contributor to GWP, delivering a development of 38%. The Firm additionally maintained a robust monetary place with sturdy liquidity and capital adequacy ranges comfortably above regulatory necessities.
Commenting on the achievement, Chairman Mr. Chandana Guniyangoda said:
“Receiving the Greatest Common Insurance coverage Firm of the Yr 2026 – Sri Lanka award for the third consecutive 12 months is a proud milestone for Individuals’s Insurance coverage. This recognition displays the energy of our strategic course, sound governance practices, and the unwavering dedication of our workers.
Our continued development and resilience in a aggressive market display the arrogance positioned in us by our prospects, enterprise companions, and stakeholders. As we transfer ahead, we stay targeted on strengthening our market management, delivering sustainable development specializing in insurance coverage inclusivity and creating lasting worth for all stakeholders.”
Chief Govt Officer Ms. Jeevani Kariyawasam added:
“This recognition is a testomony to the collective efforts of our complete crew and displays the robust basis now we have constructed by customer-centricity, operational excellence, disciplined underwriting, and prudent threat administration.
Our first-quarter efficiency demonstrates the effectiveness of our development technique and our means to persistently ship robust outcomes whereas sustaining monetary stability. As we proceed our journey, we stay dedicated to increasing insurance coverage accessibility, embracing innovation, enhancing buyer experiences, and contributing meaningfully to the event of Sri Lanka’s insurance coverage trade.”
The Firm’s success is pushed by the dedication, ardour, and performance-oriented tradition of its folks and displays the energy of Individuals’s Insurance coverage’s strategic imaginative and prescient. Because the Firm continues its development trajectory, it stays targeted on innovation, service excellence, monetary energy, and sustainable worth creation whereas contributing to the continued development of Sri Lanka’s basic insurance coverage sector.
