HNB Life PLC announced a formidable financial performance for the six months ended June 30, 2026, successfully translating the strategic momentum of its recent corporate rebranding into tangible financial growth.
The company recorded a life gross written premium (GWP) of Rs.12.34 billion for the first half of the year, marking an outstanding growth of 43 percent against Rs.8.63 billion achieved in the corresponding period of 2025.
This top-line expansion was mirrored by a 44 percent surge in net earned premium, which reached Rs.11.71 billion, reflecting high policy persistency and an accelerated rate of new business acquisition.
Furthermore, total net income expanded by 34 percent to Rs.15.96 billion, fortified by disciplined underwriting practices and a robust interest and dividend income of Rs.4.10 billion.
Profit after tax for the period stood at Rs.434 million without any surplus transfer from the Life Insurance Fund, which usually takes place after the actuarial valuation at the end of the year.
Crucially, the company fulfilled its fundamental promise to policyholders by disbursing Rs.3.99 billion in net insurance benefits and claims, a notable increase from Rs.1.90 billion recorded in the same period last year.
Total assets grew to Rs.72.71 billion as of June 30, 2026, advancing from Rs.68.44 billion at the close of 2025. Financial investments expanded to Rs.65.84 billion, while the Life Insurance Fund witnessed a significant accumulation, reaching Rs.55.69 billion.
This continuous build-up of long-term policyholder funds, supported by a sturdy total equity base of Rs.11.15 billion, provides a formidable capital foundation to support sustainable future expansion.
Chairman Stuart Chapman stated, “The first half of 2026 stands as a defining epoch for HNB Life, characterised by a historic corporate transition and resolute financial execution.”
Executive Director and CEO Lasitha Wimalaratne stated, “Our first-half performance is a testament to the strategic clarity and operational discipline we have meticulously cultivated over the past few years.”
