Insurance · Multi-Line Insurance
Co-operative Insurance PLC (CICPLC) is a purpose-driven insurer rooted in the cooperative movement of Sri Lanka that provides insurance protection to financially underserved communities and serves over one million policyholders nationwide.
COOP shares are down 30.4% over the past year and last closed at Rs 3.20 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.3 | +2.2 | -17.4 | +5.3 | +0.0 | -5.0 | -10.5 | +2.9 | -8.6 | +0.0 | +0.0 | +0.0 |
| 2025 | +12.9 | -8.6 | -6.3 | +0.0 | +0.0 | +10.0 | +42.4 | +0.0 | -4.3 | +17.8 | -9.4 | -8.3 |
| 2024 | -8.3 | +0.0 | +18.2 | +15.4 | +3.3 | -6.5 | -6.9 | -11.1 | +12.5 | +0.0 | +11.1 | +3.3 |
| 2023 | -12.5 | -5.7 | +0.0 | +0.0 | +0.0 | +0.0 | +6.3 | -5.9 | -6.3 | -13.3 | +0.0 | -7.7 |
| 2022 | +0.0 | -25.0 | -44.4 | -6.7 | +10.7 | -6.5 | +0.0 | +41.4 | -2.4 | -15.0 | +0.0 | +17.6 |
| 2021 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 | +0.0 |
| Average | -1.4 | -7.4 | -10.0 | +3.5 | +3.5 | -2.0 | +6.3 | +5.5 | -1.8 | -2.6 | +0.4 | +1.2 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | -3.0 | -5.7 | -6.3 | +2.6 | +1.7 | -5.7 | +0.0 | +0.0 | -4.3 | -6.7 | +0.0 | -2.2 |
| % up | 50% | 20% | 20% | 50% | 50% | 25% | 40% | 40% | 20% | 25% | 25% | 50% |
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Total income | Rs 6.5B -4.3% | Rs 6.7B -7.0% | Rs 7.3B +9.0% | Rs 6.7B +19.4% | Rs 5.6B |
| Operating profit | Rs 512.6M | - | - | - | Rs 997.3M |
| Net profit | Rs 279.1M +2.0% | Rs 273.6M turned profitable | Rs -319.9M fell into loss | Rs 626.6M -22.6% | Rs 809.9M |
| EPS | 0.17 +0.0% | 0.17 | -0.19 | 0.38 -29.6% | 0.54 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | LGIL.N0000 | 7.00 | Rs 8.4B | - | 1.22 | -0.07 | -1.29% | 0.00% |
| 2 | ATL.N0000 | 22.30 | Rs 6.7B | 19.5 | 0.99 | 1.15 | 7.20% | 0.00% |
| 3 | PINS.N0000 | 27.50 | Rs 5.6B | 11.4 | 0.88 | 2.42 | 7.76% | 0.00% |
| 4 | COOP.N0000 · this company | 3.20 | Rs 5.3B | 18.8 | 0.81 | 0.17 | 4.38% | 0.00% |
| Peer median · 3 companies | - | - | - | 0.99 | - | - | 0.00% |
Co-operative Insurance PLC (CICPLC) is a purpose-driven insurer rooted in the cooperative movement of Sri Lanka that provides insurance protection to financially underserved communities and serves over one million policyholders nationwide. The Company operates a hybrid model balancing stakeholder value creation with its foundational commitment to policyholders and the cooperative sector. CICPLC conducts its operations through two specialised entities: Co-operative Insurance PLC for general insurance and CoopLife Insurance Limited for life insurance, offering a broad portfolio that includes motor, fire, engineering, medical, marine, miscellaneous and microinsurance products, as well as sector-specific solutions such as farmer and fisheries insurance. The dual-entity structure supports focused product innovation and operational efficiency across life and non-life segments. The Company has a nationwide distribution network comprising over 103 branches and more than 100 service centres and express counters, supported by partnerships with Multi-Purpose Cooperative Societies and post offices, and it pursues digital platforms and strategic partnerships to enhance accessibility and reach, particularly in rural and semi-urban areas.
June-quarter operating profit more than doubled as margins improved, while the share has fallen sharply and trades below book value.
Read the full report (Sep 10, 2026) →4 articles in 30 days: 1 positive, 0 negative, 3 neutral.
The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.
Colombo Stock Exchange edged lower as the ASPI slipped 0.07% (down 15.72 pts) to 21,246.41 while the S&P SL20 was flat at 5,976.82. Top movers included Namunukula (+12.37%), Co-operative Insurance (+3.03%) and HNB (+0.20%); Printcare fell 5% after a board-recommended rights issue and Asia Asset Finance listed converted shares.
Co-operative Insurance Company PLC redeemed 1.1 million cumulative redeemable preference shares on 31 August for a total of Rs. 16.61 million (Rs.10 per share), including a 9% p.a. cumulative return; the redeemed shares will be cancelled and stated capital adjusted. The company said the IRCSL confirmed no further regulatory approval was required for the redemption and settlement.
Colombo Stock Exchange opened higher with the ASPI up 0.27% (57.33 pts) at 21,382.97 and the S&P SL20 up 0.42% at 6,008.68, led by gains in John Keells and Dialog. Market turnover was LKR 95.52m; Co-operative Insurance will redeem 1,100,000 preference shares for LKR 16.61m on Aug 31, 2026.
A seminar on Beneficial Ownership compliance will be held on 22 July 2026 at The Kingsbury, Colombo to provide guidance on BO filings under the Companies Act No. 12 of 2025 and CBSL Direction 2 of 2026, highlighting the statutory BO filing deadline of 30 September 2026 and non-compliance risks.
The insurance sector was quiet, with no sector-specific developments in the window. Movements in government securities yields, including rising Treasury bill yields and later easing across parts of the secondary market, affect insurers through the valuation and reinvestment returns of their investment portfolios. The rupee moved from near 331.50/331.90 to around 330 per US dollar, affecting foreign-currency reinsurance and claims costs.
Auto-generated from 5 sector news articles over 14 days. Not investment advice.