HNB Life PLC yesterday said it continued its strong growth trajectory during the nine months ended 30 September 2026, while maintaining a disciplined approach to profitability, investment management and long-term value creation.
The company recorded Gross Written Premium (GWP) of Rs. 19.4 billion, representing a strong 41% year-on-year growth compared with Rs. 13.8 billion during the corresponding period of 2025. Net Written Premium increased by 42% to Rs. 18.5 billion, reflecting the continued strong momentum of the Life Insurance business.
Reflecting this strong premium growth, HNB Life’s Net Income increased by 31% to Rs. 24.9 billion, compared with Rs. 19 billion in the corresponding period of 2025. Interest and dividend income also increased by approximately 14% to Rs. 6.2 billion, contributing positively to the company’s overall financial performance.
HNB Life recorded Profit Before Tax of Rs. 862.6 million for the nine months ended 30 September 2026, while Profit After Tax stood at Rs. 602.3 million, without any surplus transfer from the Life Insurance Fund; which usually happens after the actuarial valuation at the end of the year.
HNB Life continued to strengthen its investment base during the period, with financial investments increasing to Rs. 70.2 billion as of 30 September 2026, representing growth of approximately 12% from Rs. 62.5 billion at the end of 2025. The company’s overall financial position continued to expand alongside business growth, with total assets reaching Rs. 77.1 billion as of 30 September 2026, an increase of approximately 13% from Rs. 68.4 billion at the end of 2025. Significantly, the Life Insurance Fund expanded by 22% to Rs. 59.8 billion, from Rs. 48.9 billion as of 31 December 2025, further strengthening the company’s long-term financial position.
Chairman Stuart Chapman said: ‘Sri Lanka’s economy has continued to demonstrate resilience, although inflationary pressures and global uncertainties remain important considerations for businesses and households. Against this backdrop, HNB Life’s performance during the first nine months of 2026 demonstrates the resilience of the company and the strong growth momentum. Our quality investment portfolio reinforces our ability to meet policyholder commitments through changing economic conditions. We remain focused on prudent stewardship and financial strength, positioning HNB Life to support customers’ long-term protection needs while creating sustainable value for shareholders.’
The company maintained its growth momentum during the third quarter, recording Life Insurance GWP of Rs. 7 billion for the three months ended 30 September 2026, an increase of 37% compared with Rs. 5.1 billion in the corresponding quarter of 2025.
Executive Director/Chief Executive Officer Lasitha Wimalaratne added: ‘I’m proud of the fact that the growth we’ve recorded in 3Q is the highest in the industry. Our ambition is to build HNB Life into a company that customers choose not only for the protection we provide today, but for the value we bring throughout their lives. Our strategy is centered on strengthening our distribution capabilities and keeping customers’ evolving needs at the heart of how we grow. For us, success means translating business momentum into lasting customer relationships, with a disciplined focus on profitability rather than growth alone. As we look ahead, we remain committed to building the capabilities that will sustain this ambition and shape HNB Life’s next phase of growth.’
HNB Life has also continued its progress towards the implementation of SLFRS 17 and SLFRS 9, including completing its main actuarial models, finalising the related accounting policies, running SLFRS 17 results in parallel with the current reporting basis, and further strengthening governance, controls and data validation processes.