Insurance · Life/Health Insurance
HNB Assurance PLC is a life insurer that operates a Life Insurance business and a General Insurance business within the wider Group, providing insurance products and services aimed at safeguarding the long-term financial security of individuals, families and corporate customers.
HASU shares are up 32.8% over the past year and last closed at Rs 140.75 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.9 | +13.3 | -6.1 | +19.1 | +0.9 | +1.7 | +2.0 | -2.7 | -3.8 | +0.0 | +0.0 | +0.0 |
| 2025 | +6.2 | -2.3 | -7.6 | -0.8 | +9.1 | +7.1 | +21.9 | -4.8 | -0.5 | +16.6 | -5.6 | -0.4 |
| 2024 | -5.3 | +4.8 | +4.2 | -1.0 | -5.7 | +3.4 | +1.8 | +0.5 | +4.6 | +3.4 | +5.4 | +21.8 |
| 2023 | +18.1 | +0.8 | +0.0 | -10.0 | -4.4 | +9.3 | +17.4 | +3.4 | +0.7 | -7.8 | -0.2 | +7.8 |
| 2022 | +13.1 | -5.5 | -34.0 | +0.0 | +11.5 | -8.2 | -2.3 | +17.1 | -0.8 | -3.8 | +13.2 | -2.3 |
| 2021 | +6.5 | -6.0 | +1.4 | -2.4 | -8.0 | -1.9 | -9.6 | -5.3 | -0.9 | +6.8 | -9.8 | +13.4 |
| 2020 | -0.7 | +2.2 | -14.3 | +0.0 | +0.0 | -4.8 | +1.7 | +12.5 | +3.7 | -8.6 | +33.6 | +1.9 |
| 2019 | +3.0 | -8.1 | -5.6 | -1.7 | -1.4 | -1.2 | +17.7 | +1.5 | -1.5 | -1.5 | -0.5 | +5.8 |
| 2018 | +2.8 | +4.7 | +7.7 | +8.3 | +6.6 | +7.3 | +8.5 | -5.3 | +2.8 | +0.9 | +2.6 | +15.9 |
| 2017 | -8.8 | +11.3 | -3.5 | +18.8 | -6.4 | +0.6 | -0.2 | +5.5 | -3.2 | +6.3 | +3.3 | -0.4 |
| 2016 | -12.3 | -9.0 | -9.8 | +13.0 | -1.6 | -6.2 | +6.6 | +4.2 | +0.8 | -7.1 | -5.8 | +7.6 |
| 2015 | +5.4 | +1.1 | -4.0 | +1.9 | +1.1 | -6.8 | +3.5 | -1.1 | -4.8 | +0.0 | -10.0 | +4.2 |
| 2014 | +21.0 | -0.9 | +3.8 | -5.1 | +6.5 | +6.1 | +1.7 | +16.6 | +6.1 | +3.3 | -6.6 | -1.8 |
| 2013 | +2.0 | +4.0 | -8.1 | +9.8 | +4.8 | -2.2 | -7.1 | -3.2 | +3.5 | +2.8 | -1.0 | +2.9 |
| 2012 | +0.0 | +0.0 | +0.0 | -5.7 | -11.8 | +10.8 | -0.5 | +15.5 | +8.0 | -7.4 | +3.1 | -2.0 |
| Average | +3.6 | +0.7 | -5.4 | +3.2 | +0.1 | +1.0 | +4.2 | +3.6 | +1.0 | +0.3 | +1.6 | +5.3 |
| 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 | +2.9 | +1.0 | -4.8 | -0.4 | -0.3 | +0.6 | +1.8 | +1.5 | +0.7 | +0.5 | -0.3 | +3.6 |
| % up | 64% | 57% | 29% | 43% | 50% | 53% | 67% | 60% | 53% | 50% | 43% | 64% |
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total income | Rs 33.7B +26.9% | Rs 26.5B +14.0% | Rs 23.3B +27.4% | Rs 18.3B +33.5% | Rs 13.7B +17.5% | Rs 11.6B +5.9% | Rs 11.0B +47.6% | Rs 7.4B -10.3% |
| Operating profit | Rs 3.4B +24.8% | Rs 2.7B +8.0% | Rs 2.5B +5.3% | Rs 2.4B | - | Rs 1.4B +0.0% | Rs 1.4B -11.1% | Rs 1.6B +70.5% |
| Net profit | Rs 2.4B +25.7% | Rs 1.9B +7.5% | Rs 1.8B -3.6% | Rs 1.8B +49.6% | Rs 1.2B +4.1% | Rs 1.2B +16.3% | Rs 1.0B -62.7% | Rs 2.7B +197.4% |
| EPS | 15.90 +25.7% | 12.65 +7.6% | 11.76 -3.6% | 12.20 +49.5% | 8.16 +4.2% | 7.83 -61.2% | 20.20 -62.7% | 54.11 +197.3% |
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 | UAL.N0000 | 68.00 | Rs 40.1B | 13.1 | 2.10 | 5.20 | 16.09% | 7.35% |
| 2 | JINS.N0000 | 37.50 | Rs 25.5B | 7.9 | 1.52 | 4.77 | 13.31% | 8.89% |
| 3 | AAIC.N0000 | 76.50 | Rs 24.2B | 5.2 | 1.66 | 14.79 | 34.24% | 6.93% |
| 4 | HASU.N0000 · this company | 140.75 | Rs 21.1B | 8.6 | 1.60 | 16.39 | 18.60% | 3.55% |
| 5 | AINS.N0000 | 25.00 | Rs 1.7B | 208.3 | 0.97 | 0.12 | 0.48% | - |
| 6 | ATLL.N0000 | 20.50 | Rs 1.0B | - | 1.56 | -0.17 | -1.48% | - |
| Peer median · 5 companies | - | - | 10.5 | 1.56 | - | - | 7.35% |
HNB Assurance PLC is a life insurer that operates a Life Insurance business and a General Insurance business within the wider Group, providing insurance products and services aimed at safeguarding the long-term financial security of individuals, families and corporate customers. The Life Insurance business offers a value-driven product portfolio across individual, group and protection segments and distributes through agency, bancassurance and alternate channels, while investing in digital transformation and policy administration systems to enhance customer and advisor journeys. The General Insurance business (HNBGI) provides a range of general insurance lines across multiple portfolios, focusing on growth, portfolio diversification, operational resilience and regulatory compliance. The company operates in Sri Lanka and integrates sustainability and climate-related considerations into governance, enterprise risk management and underwriting practices.
HNB Life is growing fast and still priced low: Q2 net profit rose 47.9% y/y while the stock trades at 9.6x earnings. The catch is thin margins.
Read the full report (Aug 7, 2026) →No scored news in the last 30 days.
HNB Life PLC won 10 awards at the Life Insurance Industry Sales Awards (NAFLIA 2026), including a National Level Best of the Best Bancassurance Sales Officer Award recognising its advisor and bancassurance salesforce.
Colombo Stock Exchange closed lower on Monday, with the ASPI down 0.37% (77.08 points) to 20,979. Market turnover was Rs 750.35 million; Aitken Spence, Nations Trust Bank and HNB Life were positive contributors while Melstacorp, Hatton National Bank, ACL Cables and Access Engineering were top decliners.
HNB Life opened a new branch in Kandana, expanding its physical network as it celebrates its 25th anniversary and its transition from HNB Assurance to HNB Life. The branch is intended to increase accessibility to life insurance and support its Life Planners' distribution.
HNB Life PLC held its Staff Conference 2026 to mark its 25th anniversary and celebrated one of its strongest years in business performance, customer engagement and industry recognition. The company, with 74 branches nationwide and an 'A' (lka) Fitch rating, highlighted employee contributions and its transition to the HNB Life brand.
HNB Life PLC (HASU.N0000) signed a Memorandum of Understanding with Pan Asia Banking Corporation PLC (PABC.N0000) to expand distribution of HNB Life's insurance solutions through Pan Asia Bank's network, strengthening their bancassurance partnership and customer access across Sri Lanka.
The Sri Lanka International Insurance Summit 2026 concluded in Colombo after three days of discussions, bringing together 500+ delegates to focus on insurance's role in resilience, inclusion and innovation. Sessions addressed climate/catastrophe resilience, microinsurance, motor insurance trends, technology (AI) and IFRS/ESG implications.
Kites Global's 'Like for Life' campaign for HNB Life won Gold in the Small Budget category at Dragons of Sri Lanka 2026 and helped deliver a record 42% annual sales increase for HNB Life; the campaign reached 2.29m+ people and generated over 5.32m impressions.
HNB Life PLC said its Partnership Channel recorded Rs.10.4 billion in GWP for 2025 (58% growth), with New Business Premium at Rs.2.3 billion (58% growth) and renewals at Rs.4.2 billion (47%); the Alternate Channel contributed Rs.2.2 billion (21% of the channel).
HNB Life PLC said its Partnership Channel posted Rs.10.4bn in gross written premium in 2025 (up 58%), with New Business Premium of Rs.2.3bn (58% growth) and renewals of Rs.4.2bn (up 47%); the Alternate Channel contributed Rs.2.2bn (21% of Partnership volume).
The Colombo market fell for a fourth straight session as the ASPI closed down 0.05% (10.95 pts) at 21,405.62 with turnover over Rs.1.5bn and foreign net outflows of Rs.24.8m. SAMP, BREW, BUKI, JKH and CDB weighed on the index while MELS, SPEN, DIAL, CFIN and HARI were among gainers; banking led turnover.
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.