LOLC General Insurance PLC has proudly advanced to become the 4th largest general insurance provider in Sri Lanka by the end of the third quarter of 2025, as reported in the latest Gross Written Premium (GWP) performance update issued by the Insurance Association of Sri Lanka (IASL). Demonstrating sustained, strategic, and disciplined growth, the company has risen from 7th place in 2019 to 4th by 3Q 2025, a remarkable upward trajectory within a comparatively short period.

Sustaining its upward momentum, the company recorded a robust 17% GWP growth, outperforming the industry growth rate of 15%. This strong performance has elevated LOLC General Insurance’s market share from 8.89% to 9.06%, signalling a noteworthy and consistent year-on-year expansion.

The Motor Insurance segment contributing over 75% to the company’s total general GWP continues to demonstrate commanding performance. It retains its position as the 3rd largest motor insurance provider in the country, supported by an impressive 23% growth by the end of 3Q 2025. This reinforces the segment’s strategic importance and competitive strength within the overall portfolio.

Commenting on this milestone, Mr. Kithsiri Gunawardena, Chairman of LOLC General Insurance PLC stated, “It is truly rewarding to witness the company’s steady progress, moving up to become the 4th largest general insurance provider in Sri Lanka within a short period. This achievement reflects our firm strategic focus, strong leadership, and equally, the enduring confidence our valued customers have placed in us. I extend my sincere appreciation to our valued policyholders, business partners, and our dedicated employees, whose trust, loyalty, and commitment have been instrumental in driving our success and sustaining our growth momentum.”

Sharing his thoughts, Mr. Udaya Kumara, Chief Operating Officer of LOLC General Insurance PLC added, “This accomplishment highlights the confidence our customers place in us and the commitment of our professional teams across sales, underwriting, and operations. The collective expertise of our team, supported by unparalleled risk management solutions with strong reinsurance backing, streamlined processes, and a customer-centric service culture, continues to drive our growth. As we move forward, our focus remains on delivering innovation, value, and excellence at every customer touchpoint.”

Driven by an extensive branch network, trusted corporate partnerships, and dynamic broker and leasing channels, together with a dedicated Takaful arm offering Sharia-compliant protection LOLC General Insurance remains well positioned to deliver digitally empowered, customer-centric solutions anchored in service excellence. As a proud member of the diversified and globally renowned LOLC Group, the company benefits from the Group’s financial resilience, advanced technological capabilities, and synergistic ecosystem, which collectively reinforce its strong and resilient market presence.

Earning recognition both locally and internationally, LOLC General Insurance remains committed to sustainable expansion, continuous innovation, and operational excellence,

strengthening its standing as one of Sri Lanka’s most trusted, progressive, and accessible insurers, delivering protection and peace of mind for a better tomorrow.