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Softlogic Life Insurance Plc (Sri Lanka)

Main Activities: Agencies, Brokerages, and Other Insurance Related Activities
Full name: Softlogic Life Insurance Plc Profile Updated: September 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

SoftLogic Life is a life insurer in the country. The company offers a range of life insurance products, including the Level Term plan, Good Health Series, and Online Plan. SoftLogic Life is known for its solutions, such as automated claims settlement, digital sales platform, and mobile-based products. As a subsidiary of Softlogic Capital PLC and part of the Softlogic Group, the company has become the 2nd largest life insurer in Sri Lanka, with a focus on delivering customer service and empowering women through initiatives like "4Her."

Headquarters
Level 16, One Galle Face Tower
Colombo; Western Province; Postal Code: 02

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Website: http://www.softlogiclife.lk

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1999
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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51.72%
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19%
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19%
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0.33%
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0.26%
Company Performance
Financial values in the chart are available after Softlogic Life Insurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
22.12%
Operating profit (EBIT)
-21.84%
Net Profit (Loss) for the Period
70.17%
Total assets
9.3%
Investments
65.84%
Receivables
22.35%
Total equity
24.3%
Net Premiums Earned Trend
21.1%
Net Profit Trend
N/A
Return on Equity (ROE)
1.81%
Loss Ratio
6.29%
Underwriting Expenses Ratio
-3.5%

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