HNB Life PLC, the recently rebranded life-insurance arm of the HNB Group, reported a 54 percent jump in Gross Written Premium for the first quarter of 2026 to Rs. 7.01 billion, up from Rs. 4.55 billion a year earlier.
Net Written Premium also rose 54 percent to Rs. 6.69 billion, while total net income grew 39 percent to Rs. 8.69 billion. Interest and dividend income reached Rs. 2.05 billion in the three months to 31 March 2026.
The company’s balance sheet expanded to Rs. 71.38 billion in total assets from Rs. 68.44 billion at end-2025, with financial investments at Rs. 64.39 billion and the Life Insurance Fund at Rs. 52.55 billion. Total equity stood at Rs. 11.45 billion.
Profit After Tax came in at Rs. 0.21 billion, with the company citing a low-interest-rate environment and fair-value movements on equity holdings as the principal drags on bottom-line earnings — pressures that have been hitting insurers across the market this cycle.
Chairman Stuart Chapman said the rebranding marked “a defining milestone in our journey” and that it was encouraging to see growth momentum sustained into 2026. Executive Director and CEO Lasitha Wimalaratne said the first-quarter performance reflected “the consistency and discipline with which we have executed our strategy over the past four years.”
The results complement the parent HNB Group’s Rs. 2.5 trillion balance-sheet milestone reported earlier this week, and add to the Q1 2026 earnings cluster that already includes BOC, Commercial Bank, Nations Trust, Pan Asia Bank, Dialog Axiata and SLT-Mobitel. HNB shares traded at the higher end of the index during the CSE rally on May 6 when HNB was the top contributor to the ASPI move.
