Folks’s Insurance coverage PLC has reported a robust efficiency for the primary half of 2026, with Gross Written Premium (GWP) rising by practically 39% year-on-year to Rs. 5.21 billion, considerably outperforming the 23% progress recorded by Sri Lanka’s normal insurance coverage business.
For the six months ended 30 June 2026, the Firm generated GWP of Rs. 5.21 billion in contrast with Rs. 3.75 billion within the corresponding interval of 2025.
Motor insurance coverage remained the biggest contributor to the Firm’s portfolio, producing roughly Rs. 4.05 billion in GWP, in contrast with Rs. 2.91 billion a 12 months earlier. This represented progress of roughly 39.2%, in contrast with business Motor progress of round 33.5%.
Nonetheless, one of many extra notable developments through the interval was the efficiency of the Firm’s Non-Motor portfolio.
Non-Motor GWP elevated roughly 37.4% to Rs. 1.16 billion, considerably outperforming total business Non-Motor progress of round 9.9%.
Folks’s Insurance coverage Chairman Mr. Chandana Guniyangoda mentioned the Firm’s efficiency through the first half of 2026 mirrored the continued progress of the enterprise and the energy of its strategic path.
“The efficiency achieved through the first half of 2026 is a mirrored image of the continued progress of Folks’s Insurance coverage and the boldness positioned within the Firm by our prospects and stakeholders. The Firm’s capability to realize robust progress in a aggressive market is encouraging and offers a strong basis for its continued improvement. We stay targeted on constructing on this momentum and creating sustainable worth for all our stakeholders.”
Chief Government Officer Ms. Jeevani Kariyawasam mentioned the broad-based progress achieved throughout the portfolio was notably encouraging.
“The primary-half outcomes show the momentum we’re constructing throughout the enterprise. Whereas Motor continues to be a serious contributor, the robust progress achieved in Non-Motor is especially vital as we proceed to construct a extra diversified and resilient portfolio. Our priorities stay strengthening buyer relationships, increasing distribution, enhancing service supply and pursuing sustainable, worthwhile progress.”
The advance in premium volumes was accompanied by a considerable enhance in profitability.
Revenue Earlier than Tax (PBT) rose to Rs. 525.6 million, in contrast with Rs. 321.6 million within the corresponding interval of 2025, representing a rise of roughly 63%.
Revenue After Tax (PAT) elevated roughly 61% to Rs. 357.3 million, from Rs. 221.6 million a 12 months earlier. The Firm’s earnings per share additionally grew by 61% to 1.75 from 1.09 in 2025, indicating the Firm’s present and future progress potential.
Funding portfolio progress and different earnings additionally contributed to the improved efficiency, growing to roughly Rs. 618 million, in contrast with Rs. 553.5 million within the corresponding interval of the earlier 12 months.
Chief Monetary Officer Mr. Amila Rajapaksha mentioned the outcomes demonstrated that the Firm’s premium growth was being accompanied by stronger monetary outcomes.
“Our monetary efficiency displays a mix of robust enterprise progress, enhancing underwriting outcomes and disciplined monetary administration. Whereas growing premium earnings is essential, our focus stays on making certain that progress interprets into sustainable profitability whereas sustaining applicable ranges of capital, liquidity and monetary resilience.”
The Firm additionally recorded an enchancment in its underwriting place, with the underwriting loss lowering to roughly Rs. 92.4 million from Rs. 231.9 million within the corresponding interval of 2025.
Whole shareholders’ fairness stood at roughly Rs. 6.33 billion on the finish of June 2026, additional strengthening the Firm’s monetary base.
On the identical time, Fitch Scores has affirmed Folks’s Insurance coverage PLC’s ‘A(lka)’ Nationwide Insurer Monetary Energy (IFS) Ranking, with a Steady Outlook. Additional, Folks’s Insurance coverage continued to keep up its steady Capital Adequacy Ratio, supporting the Firm’s capability to pursue future progress whereas assembly its regulatory and policyholder obligations.
With whole GWP progress considerably forward of the final insurance coverage business, Motor and Non-Motor companies each recording robust growth and profitability enhancing considerably, Folks’s Insurance coverage enters the second half of 2026 with strengthened monetary fundamentals and an improved market place.
