Financial Performance
LIC Lanka's strong financial performance reflects our commitment to sustainable growth and value creation for stakeholders
Key Financial Metrics (2023)
LKR 2.5B
Total Revenue
+15% YoY
LKR 450M
Net Profit
+22% YoY
LKR 15.2B
Total Assets
+18% YoY
18.5%
ROE
+2.1% YoY
Financial Highlights
Revenue Growth
Consistent revenue growth of 15% year-over-year, driven by strong policy sales and premium collections.
2023: LKR 2.5B
Profitability
Improved profitability with 22% increase in net profit, reflecting operational efficiency and cost management.
2023: LKR 450M
Asset Quality
Strong asset base growth of 18% with diversified investment portfolio and prudent risk management.
2023: LKR 15.2B
Solvency Ratio
Maintained healthy solvency ratio above regulatory requirements, ensuring financial stability.
2023: 185%