“New Heights, New Sights” – People’s Insurance Reports Strong Growth and Financial Stability in Q4 2025

People’s Insurance PLC reported strong financial performance for the year ended 31 December 2025, demonstrating resilience and sustained growth amid evolving market conditions.

The Company’s continued focus on disciplined underwriting, prudent investment management, and operational efficiency contributed to solid results across key financial indicators.

The Company recorded a strong top-line growth of 34% during the year, driven by expanding demand across key insurance segments and disciplined business development strategies.

Gross Written Premium (GWP) reached Rs. 8,367.39 million in 2025 compared to Rs. 6,249.30 million in 2024, reflecting growing customer confidence and the Company’s strengthening market presence.

The Motor segment remained the primary contributor to business growth, accounting for 79% of total GWP while recording a robust growth of 42%.

The Fire segment also delivered steady performance, contributing 9% to overall GWP and registering a growth of 15% during the year.

People’s Insurance PLC further strengthened its financial position during the period.

Total assets expanded by 23% to Rs. 15.67 billion compared to Rs. 12.69 billion in 2024, while financial investments grew by 14%, highlighting the Company’s proactive approach to managing liquidity and optimizing investment returns.

Shareholders’ equity also increased by 6% to Rs. 5,970.13 million, reinforcing the Company’s strong capital base and long-term financial stability.

Despite challenging market conditions affecting investment income during the year, the Company maintained a stable revenue stream. Investment and other income, which includes interest income, net fair value gains or losses, and other income, amounted to Rs. 1,106.60 million, reflecting a marginal decline of 9% compared to the previous year.

Global uncertainties—including evolving international dynamics, commodity price volatility, and climate-related risks—remain key challenges for the insurance sector.

People’s Insurance continues to monitor these developments closely, ensuring that its risk management, underwriting discipline, and operational resilience are aligned to mitigate potential impacts while sustaining growth and financial stability.

Profit before tax for the year stood at Rs. 472.72 million, while profit after tax reached Rs. 355.25 million, demonstrating the Company’s ability to maintain profitability and financial discipline despite the large volume of claims incurred due to the severe catastrophic Cyclone Ditwah.

During the year 2025, People’s Insurance PLC also received significant recognition through several prestigious local and international awards. Recognition through awards and accolades serves as a clear validation of the principles, strategies, and practices that define People’s Insurance, with achievements in 2025 spanning business operations, leadership, reporting, and sustainability.

The Company was honoured as the Best General Insurer of the Year 2025 by The Global Economics and was also recognised as the Best General Insurance Company at the 6th Emerging Asia Insurance Awards 2025 organised by the Indian Chamber of Commerce.

At the CPM Sri Lanka Management Leadership Excellence Awards 2025, People’s Insurance recorded multiple wins including in the Insurance (Private Sector) category, Industry Case Analysis, and Sustainability & Circular Economy categories at the Corporate Management Level, while also securing the Overall Silver Award in the Corporate Management category.

The Company’s commitment to transparency and high-quality reporting was further recognised with a Certificate of Merit in the General Insurance Category at the SAFA Best Presented Annual Report Awards 2024, alongside recognition at the CMA Excellence in Integrated Reporting Awards 2025 with a Merit Award for overall excellence and the Best Integrated Report – Insurance Sector (State Winner).

At the TAGS Awards 2025, People’s Insurance also secured the Silver Award in the Insurance Sector (GWP up to Rs. 10 Bn) category.

People’s Insurance Chairman Mr. Chandana Guniyangoda stated,

“Our performance in 2025 reflects People’s Insurance continuing to reach new heights while exploring new sights for growth and value creation.

Through disciplined underwriting, prudent financial management, and a strong focus on governance, we have strengthened our financial stability while expanding our market presence.

As Sri Lanka’s economy progresses towards greater stability, the role of general insurance in supporting economic activity and protecting assets becomes increasingly significant.

Amidst economic and climate-related challenges, we remain committed to sustainable growth, innovation, and delivering long-term value to our policyholders and stakeholders.”

Chief Executive Officer Ms. Jeevani Kariyawasam added,

“Our performance in 2025 reflects the dedication of our team and the strength of our strategic direction.

Despite market challenges, we achieved strong premium growth while maintaining financial stability.

As we look ahead, we will continue to strengthen our underwriting discipline, expand our market reach, and deliver innovative general insurance solutions that create lasting value for our customers and shareholders.

I would like to take this opportunity to thank our Chairman and Board of Directors for their guidance and People’s Leasing & Finance PLC, and our ultimate parent, People’s Bank for their continued confidence placed in People’s Insurance.

I also extend appreciation to our customers, shareholders, business partners, and stakeholders for their continued trust.

Above all, I thank our team, whose commitment, discipline, and belief in People’s Insurance make every achievement possible.

With their collective support, we remain well positioned to build a stronger, more resilient, and forward-looking organisation in the years ahead.”