News

Marking 25 years of trust, growth, and service excellence, HNB Assurance PLC has unveiled its new corporate identity, transitioning to HNB Life PLC a strategic evolution that reflects the company’s forward-looking vision and commitment to empowering lives with protection and the freedom to thrive, no matter where life takes them.

This milestone signifies more than a change in name or visual identity. It represents a deliberate transformation shaped by strong performance over the past few years, during which the company has achieved remarkable growth, strengthened its market position and enhanced its customer-centric capabilities.

The newly introduced logo, inspired by the form of a wing, symbolises HNB Life’s role as a proactive enabler. It reflects the organisation’s commitment to supporting individuals in navigating life’s journey with confidence, empowering them to pursue their aspirations and live life on their own terms.

The official unveiling took place at a launch event attended by key stakeholders, strategic business partners, well-wishers and employees. 

Addressing the gathering, Chairman, Mr. Stuart Chapman highlighted the significance of this transformation, stating, “As we mark 25 years of progress, the transition to HNB Life reflects our strategic intent to evolve with the changing needs of our customers and the broader market. This new identity embodies our purpose, to enable and empower individuals to achieve what they truly aspire to in life, with confidence and security. As a company we are extremely excited on what the future holds for as, as we build on an incredible foundation laid over the past two and a half decades.”

The new Vision of the Company is “To be the leader in empowering lives with protection and freedom to thrive, no matter where life takes them”. Expounding on this Mr. Chapman stated “this vision is not a mere collection of words; it is our North Star, guiding our every endeavor. It signifies that we are not simply altering our visual identity, rather we are sharpening our focus to propel us into the future, a future overflowing with hope and prosperity to all who engage with us. We are committing ourselves to demystifying insurance, rendering it effortlessly accessible, and rooting it deeply in the authentic, everyday aspirations of the people of our nation”.

The Executive Director /Chief Executive Officer, Lasitha Wimalaratne, sharing his perspective on the company’s future trajectory, stated, “Our performance over the past five years has positioned us strongly for the future. As HNB Life, we are focused on building an agile, digitally enabled organisation that delivers seamless and meaningful experiences to our customers. This transformation strengthens our ability to remain relevant, responsive, and impactful in a rapidly evolving landscape.

I must also convey my thanks and emphasize that our people remain central to this journey. I extend my sincere gratitude to our parent company, Hatton National Bank PLC, as well as our banking partners, brokers, and all business partners, whose support has been instrumental to our growth and success over the past 25 years. Their expertise and drive have been instrumental in delivering consistent growth and will continue to underpin the company’s success as it advances into its next phase.”

HNB Assurance PLC, in collaboration with its fully owned subsidiary, HNB General Insurance Limited, proudly launched the 12th edition of "Liya Harasara," an annual initiative dedicated to acknowledging and supporting the contributions of women along with the remarkable essence of womanhood, while celebrating International Women’s Day.

Mr. Harindra Ramasinghe, Chief Business Officer - Advisor Distribution Channel at HNBA, emphasized the pivotal role women play in the fabric of society. He stated, "Women are undeniably the cornerstone of any community, driving progress and enriching lives. It gives us, as an organization, immense pleasure to unveil the 12th edition of ‘Liya Harasara’, which has evolved into a highly anticipated event in our annual calendar. This year's ‘Liya Harasara’ program promises an array of exclusive insurance benefits, coupled with exciting partnerships with leading brands such as Asiri Hospitals, Vision Care, Eric Rajapakse, La Vivente, Chamathka, Pizza Hut, Taco Bell and Singer, offering special discount schemes to new female policyholders.”

Mr. Sanesh Fernando, Chief Business Officer – Partnerships at HNBA, shared his thoughts, stating, "Through ‘Liya Harasara’, we aim to acknowledge and support women's multifaceted contributions, enabling them to navigate their roles with confidence and peace of mind. As we launch “Liya Harasara” in celebration of International Women’s Day, I’d like to extend a warm invite to all women to seize the opportunities and benefits presented by ‘Liya Harasara’, available from March 1st to April 30th, 2024. 

“Liya Harasara stands as a testament to our enduring commitment to empowering women and acknowledging their invaluable contributions”, said Mr. Dinesh Yogaratnam, Chief Marketing and Customer Experience Officer of HNBA, "The 12th edition of Liya Harasara reflects our aim to foster a supportive environment where all women can thrive, excel, and lead with confidence. The theme of our campaign is paying ‘Tribute to the spirit of Womanhood’, through which we honor their journey, celebrate their achievements and inspire future generations to continue breaking barriers and pursue their dreams.”

The 12th edition of Liya Harasara includes a Free Life Cover of up to Rs. 1 Million for one year from HNB Assurance for Regular Premium Life Insurance policies. Additionally, policyholders will enjoy a Daily Benefit for childbirth and pregnancy-related hospitalization, capped at three days per year. Furthermore, Liya Harasara offers a complimentary Personal Accident Cover of up to Rs. 500,000 for every Motor Insurance Policy acquired from HNBGI. More information on benefits, exclusions, terms and conditions can be obtained by contacting 1301 or visiting a HNB Assurance branch.

HNB Assurance PLC reported an outstanding financial performance for the year ended 31^st December 2025, delivering a 42 percent year on year growth in Life Insurance Gross Written Premium (GWP), this along with the growth rate in Renewals are the highest in the industry. 

Life GWP reached Rs. 19.49 Bn compared to Rs. 13.71 Bn in 2024, reflecting strong New Business generation and Renewal Collection. Net Written Premium grew even faster at 43 percent to Rs. 18.44 Bn, highlighting the quality and sustainability of the Company’s topline expansion.

Commenting on the results, Chairman Mr. Stuart Chapman stated, “The year under review was marked by gradual macroeconomic stabilisation, improved investor sentiment and a more predictable policy environment. Although the economy continues to recover from prior volatility, we are beginning to see renewed financial confidence among individuals and businesses. Against this backdrop, HNB Assurance has delivered strong growth in both revenue and profits, while maintaining robust capital adequacy and prudent risk management. Our improvement in top line, profitability and balance sheet strength demonstrates the resilience of our business model and our ability to navigate changing economic conditions which are reflected in a ROE which increased to 18.5% from 16.9% a year earlier.”

Profit Before Tax increased by 28 percent to Rs. 3.03 Bn from Rs. 2.36 Bn in the previous year, while Profit After Tax (including Life Surplus Transfer) rose by 28 percent to Rs. 2.12 Bn compared to      Rs. 1.66 Bn in 2024. Earnings per share improved by 28 percent to Rs. 14.15 from Rs. 11.04, reinforcing the Company’s ability to consistently translate business growth into enhanced shareholder value. In line with this strong performance, the Board of Directors has proposed a first and final dividend of Rs. 5.00 per share for 2025, representing a 28 percent increase over the Rs. 3.90 per share declared in the previous year.

Executive Director and Chief Executive Officer Mr. Lasitha Wimalaratne highlighted the consistency of the Company’s upward trajectory. “Our 2025 performance reflects a sustained pattern of high growth and disciplined execution over the past four years. During this period, we have consistently strengthened our distribution reach, enhanced advisor productivity, invested in digital enablement and sharpened our customer centric value proposition. Each year we have built on the previous year’s gains, and the 42 percent growth in Life GWP in 2025 is the strongest affirmation yet of that strategy. Importantly, we have achieved this while maintaining underwriting discipline, expanding our Life Fund and delivering a 28 percent increase in PAT.”

The strength of the Company’s balance sheet continued to improve during the year. Total assets grew by 28 percent to Rs. 68.44 Bn from Rs. 53.40 Bn, while financial investments increased by 29 percent to Rs. 62.49 Bn from Rs. 48.49 Bn in 2024, reflecting disciplined asset accumulation and prudent investment management. Total equity rose to Rs. 12.19 Bn from Rs. 10.81 Bn, supported by retained earnings which grew by 18 percent to Rs. 10.23 Bn.

The Life Insurance Fund recorded a significant expansion of 27 percent, increasing to Rs. 48.87 Bn from Rs. 38.34 Bn in the previous year. During the year, the Company paid Rs. 4.40 Bn in net insurance benefits and claims, honouring its commitments to policyholders and their families while further strengthening long term reserves. Investment income remained a key contributor to performance, with interest and dividend income rising by 10 percent to Rs. 7.49 Bn.

The Market Capitalisation as at the end of the year stood at Rs. 17.21 Bn up 43% from a year ago when it was Rs. 12.02 Bn, while trading for year ended at Rs. 114.75 per share increasing by 43% from Rs 81.10 a year ago.