LOLC General Insurance chairman Kithsiri Gunawardena warned that Sri Lanka's beneficial ownership disclosure rules could disadvantage companies and delay incorporations because Company Secretaries may refuse to sign declarations they cannot verify. He urged changing the prescribed declaration by regulation to avoid exposing secretaries to long-term liability.
Insurance · Multi-Line Insurance
LOLC General Insurance PLC is a general insurer and a subsidiary of the LOLC Group, operating in Sri Lanka and listed on the Main Board of the Colombo Stock Exchange.
LGIL shares are down 20.5% over the past year and last closed at Rs 7.00 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.9 | +0.0 | -14.0 | +6.8 | +3.8 | -4.9 | -7.7 | +2.8 | -5.4 | +0.0 | +0.0 | +0.0 |
| 2025 | +37.1 | -12.5 | -8.3 | +1.3 | +16.7 | -6.6 | +7.1 | -1.1 | -2.2 | +11.4 | -10.2 | -10.2 |
| 2024 | -20.8 | +1.8 | +6.9 | +9.7 | -2.9 | -4.5 | -4.8 | -8.3 | +16.4 | -1.6 | -3.2 | +14.8 |
| 2023 | -11.4 | -1.4 | +1.4 | -7.1 | -23.1 | +24.0 | +12.9 | -7.1 | +1.5 | -12.1 | -1.7 | +26.3 |
| 2022 | +0.0 | -19.5 | -50.8 | -6.2 | +23.0 | -21.3 | +0.0 | +33.9 | +8.9 | -18.6 | +8.6 | +3.9 |
| 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 | +3.4 | -6.3 | -12.9 | +0.9 | +3.5 | -2.7 | +1.5 | +4.0 | +3.8 | -5.2 | -1.6 | +8.7 |
| 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 | -1.3 | -1.4 | -8.3 | +1.3 | +3.8 | -4.9 | +0.0 | -1.1 | +1.5 | -6.8 | -2.4 | +9.4 |
| % up | 50% | 20% | 40% | 60% | 60% | 20% | 40% | 40% | 60% | 25% | 25% | 75% |
Fundamentals
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Total income | Rs 10.5B -5.5% | Rs 11.1B +15.5% | Rs 9.6B +18.6% | Rs 8.1B +33.4% | Rs 6.1B |
| Operating profit | - | - | - | Rs 1.7B +33.8% | Rs 1.3B |
| Net profit | Rs -86.1M fell into loss | Rs 350.3M -51.2% | Rs 717.2M -48.8% | Rs 1.4B +27.8% | Rs 1.1B |
| EPS | -0.07 | 0.29 -51.7% | 0.60 -48.7% | 1.17 +27.2% | 0.92 |
Compared with the same period a year earlier.
Parent company only. Subsidiaries are not included.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
No dividend records.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | LGIL.N0000 · this company | 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 | 3.20 | Rs 5.3B | 18.8 | 0.81 | 0.17 | 4.38% | 0.00% |
| Peer median · 3 companies | - | - | 18.8 | 0.88 | - | - | 0.00% |
About LOLC General Insurance PLC
LOLC General Insurance PLC is a general insurer and a subsidiary of the LOLC Group, operating in Sri Lanka and listed on the Main Board of the Colombo Stock Exchange. The company provides a range of risk management and insurance solutions for both retail and corporate customers and operates both conventional and Takaful arms. Its product suite covers motor, fire and engineering, marine and miscellaneous classes, and it distributes these products through an island-wide branch network of over 80 branches as well as direct sales, brokers, corporate sales and bancassurance channels. The company partners with internationally rated reinsurers and is regulated by the Insurance Regulatory Commission of Sri Lanka under the Regulation of Insurance Industry Act. LOLC General Insurance emphasises customer-centricity, operational excellence and risk management and has received industry recognition at regional awards for customer orientation and risk management practices.
AI analysis
neutralLOLC General Insurance has returned to a strong quarterly profit, but its valuation remains demanding. The share has underperformed the ASPI across every reported window.
Read the full report (Aug 13, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
LOLC General Insurance and Seylan Bank PLC held a 'League of Greatness' felicitation night celebrating their bancassurance partnership, which operates across 104 Seylan Bank branches and has continued since 2013.
Corporate Management Consultants will hold a seminar on compliance with Beneficial Ownership provisions under the Companies Act No. 12 of 2025 for Company Secretaries. Speakers include LOLC General Insurance PLC Chairman Kithsiri Gunawardene, the Central Bank FIU DG and officials from the Registrar of Companies.
LOLC General Insurance PLC launched V Help, an enhanced motor insurance service offering eligible policyholders remote technical guidance and roadside assistance. The service connects customers to the Motor Engineering Unit and authorised roadside providers for advice, minor repairs and assistance.
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.
LOLC Holdings PLC reported a 49% increase in results from operating activities to Rs.71.5 billion for FY2026. Gross income rose 28% to Rs.430.3 billion, with the financial services segment contributing Rs.51.7 billion and strong gains across manufacturing, plantations and insurance.
LOLC Holdings PLC reported a 49% rise in results from operating activities to Rs. 71.5 billion for the year ended 31 March 2026, with gross income up 28% to Rs. 430.3 billion. Financial services (Rs. 51.7bn), stronger manufacturing/trading and a return to profitability in plantations underpinned the performance.
LOLC Holdings PLC was crowned 'People’s Financial Services Brand' at the SLIM Kantar People’s Choice Awards 2026 for the tenth consecutive year. The award, based on independent Kantar consumer research, underscores LOLC’s sustained brand trust, digital initiatives and group presence.
Insurance sector: what is happening
Last 14 days to Sep 30, 2026The 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.
The stories behind it
Auto-generated from 5 sector news articles over 14 days. Not investment advice.