Sri Lanka, July 12 -- Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025.

Softlogic Life recorded Gross Written Premiums (GWP) of Rs. 31,574 billion as at Dec 2024 with a market share of 17.2% and continued the robust tone with growth of 25% in the 1st quarter of 2025. As Sri Lanka's second-largest life insurer, protecting over 1.3 million lives, this strategic acquisition enables the company to expand its footprint, strengthen its ma...