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Ceylinco Life posts premium income of Rs. 22.45 bn. in 1H 2025

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Executive Chairman R. Renganathan and Managing Director CEO Thushara Ranasinghe

Ceylinco Life has reported gross written premium of Rs. 22.45 billion and total income of Rs. 36.49 billion for the first half of 2025.

Premium income for the six months ending 30th June 2025 was up 12.5 per cent over the corresponding period of last year, while investment and other income for the period totaled Rs 14.04 billion, resulting in consolidated income growing by 7.3 per cent, according to the company’s financial statements.

Total assets reached Rs 266.38 billion as at 30th June, reflecting an increase of 5.9 per cent or Rs. 14.94 billion over six months, at an average of Rs. 2.5 billion a month. The company’s investments portfolio grew by 6.77 per cent over the period to Rs. 237.5 billion, while the Life Fund increased by 7.6 per cent to Rs. 194.7 billion, a growth of Rs. 13.8 billion since end 2024.

“Our performance in the first half of the year demonstrates the unwavering emphasis we place on our core business of protection, with premium income contributing substantially to revenue growth,” Ceylinco Life Executive Chairman R. Renganathan noted. “The growth in life insurance business reaffirms that Ceylinco Life remains the largest life insurer in Sri Lanka in 2025, by a margin of more than Rs. 3.72 billion over the second-placed life insurance company, which is attributable to the trust and confidence of the millions of lives we protect.”

Ceylinco Life paid Rs. 15.14 billion in net claims and benefits to policyholders for the six months under review, an increase of 8.3 per cent over the first half of the preceding year. The Company posted profit before tax of Rs. 3.1 billion and net profit of Rs. 2.08 billion for the six months.

In key financial ratios, Ceylinco Life’s basic earnings per share for the six months amounted to Rs. 41.63, while net assets value per share stood at Rs. 1,238.87 as at 30th June 2025, representing a growth of 9.1 per cent.

Ceylinco Life provides innovative life insurance solutions which offer protection while de-risking the goals and ambitions of the Company’s policyholders. The company was ranked the most valuable insurance brand in Sri Lanka and the 22nd most valuable brand in the country overall by Brand Finance earlier this year, and was also voted the Peoples Life Insurance Service Provider of the Year for the 19th consecutive year in 2025. Adjudged Sri Lanka’s Brand of the Year in 2022 and 2023, Ceylinco Life was named one of the 10 Most Admired Companies in Sri Lanka in 2023 by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA).



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Mattala Wildlife Unit to boost revenue, tourism and investor confidence

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Dignitaries at the MOU signing ceremony.

The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.

Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.

“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.

He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.

By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.

Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.

“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.

Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.

Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.

“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.

He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.

The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.

“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.

By Ifham Nizam

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Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry

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Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.

The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students

Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.

All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.

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Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026

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COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.

The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.

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