Sri Lanka’s 2nd largest life insurer, Softlogic Life, will host an
Investor Forum on 3 rd April at Shangri La. The event will showcase the performance of the
Company and the strengths of the Life Insurance Industry, highlighting the role that the
Company has played towards changing the landscape in offering protection to all segments of
Sri Lankan society. The forum will deliver a platform for Softlogic Life’s leadership and
shareholders to engage in meaningful discussions of the company’s operations, financial
performance, growth trajectory and future plans.
Recognizing the importance of maintaining strong relationships, ensuring transparency and
accountability with all its valued stakeholders, the Investor Forum is a significant milestone
for Softlogic Life. The event will allow investors to garner detailed information on the
company’s business activities and prospects, engaging with senior leaders such as Managing
Director Iftikar Ahamed, Deputy Chief Executive Officer Indu Attygala and Chief Financial
Officer Nuwan Withanage.
Softlogic Life Managing Director Iftikar Ahamed said, “We are pleased to be hosting this
forum thereby providing our valued stakeholders an opportunity to directly engage with us
and learn more about our business. As a company, we believe in transparency and
accountability and are committed to keeping our investors informed of our progress and plans
for the future. We hope this event will help us build stronger relationships with the investing
community and demonstrate our commitment to their long-term success.”
Despite macroeconomic challenges hampering the industry’s growth, Softlogic Life
continued to record superior performance in a crisis-affected business landscape, surpassing
renowned industry giants. During FY22, the company reported a 10-year Compound Annual
Growth Rate (CAGR) of 28% of GWP, while the industry’s 10-year GWP CAGR growth
was 14%. In the same review period, Softlogic Life posted a Gross Written Premium (GWP)
of Rs. 23 Billion, with an increase in top-line growth of 15% compared to the previous year.
The company also recorded an impressive Return on Equity of 25% and Earning per share of
LKR 7.15 after providing a one-off provision for impairment. The recurring earnings per
share for 2022 increased to LKR 12.85 from LKR 5.61 per share.
The informative Investor Forum will provide additional insights into the Company’s
performance, product portfolio, strategy and other aspects.
About Softlogic Life
Softlogic Life Insurance PLC is a subsidiary of Softlogic Capital PLC and is part of the
Softlogic Group, which is recognised as one of Sri Lanka’s most diversified conglomerates
with interests in Healthcare, Retail, ICT, Leisure, Automobiles and Financial Services.
Significant stakeholders in the company include global investors Leapfrog Investments.