Reported Earnings • May 13
First quarter 2026 earnings released: EPS: LK₨2.11 (vs LK₨1.51 in 1Q 2025) First quarter 2026 results: EPS: LK₨2.11 (up from LK₨1.51 in 1Q 2025). Revenue: LK₨13.2b (up 36% from 1Q 2025). Net income: LK₨668.1m (up 40% from 1Q 2025). Profit margin: 5.0% (up from 4.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: LK₨14.79 (vs LK₨12.61 in FY 2024) Full year 2025 results: EPS: LK₨14.79 (up from LK₨12.61 in FY 2024). Revenue: LK₨44.9b (up 8.4% from FY 2024). Net income: LK₨4.68b (up 3.5% from FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Softlogic Life Insurance PLC, Annual General Meeting, Mar 31, 2026 Softlogic Life Insurance PLC, Annual General Meeting, Mar 31, 2026, at 10:30 Sri Lanka Standard Time. Location: at the auditorium, central hospital limited, 4th floor, no. 114, norris canal road, colombo 10 Sri Lanka Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to LK₨90.70, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Insurance industry in Sri Lanka. Total loss to shareholders of 9.1% over the past three years. Announcement • Jan 22
Softlogic Life Insurance PLC announced that it has received $15 million in funding Softlogic Life Insurance PLC announced a private placement of 5-year Tier 2 loan facility for gross proceeds of $15 million on January 21, 2026. The transaction included participation from returning lender Norfund, new lender, OP Finnfund Global Impact Fund I KY, a fund co-managed by Finnish Fund for Industrial Cooperation Ltd. and OP Varainhoito Oy. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: LK₨3.38 (vs LK₨2.13 in 3Q 2024) Third quarter 2025 results: EPS: LK₨3.38 (up from LK₨2.13 in 3Q 2024). Revenue: LK₨11.4b (up 22% from 3Q 2024). Net income: LK₨1.07b (up 35% from 3Q 2024). Profit margin: 9.4% (up from 8.5% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: LK₨2.35 (vs LK₨3.21 in 2Q 2024) Second quarter 2025 results: EPS: LK₨2.35 (down from LK₨3.21 in 2Q 2024). Revenue: LK₨11.2b (up 18% from 2Q 2024). Net income: LK₨743.5m (down 38% from 2Q 2024). Profit margin: 6.6% (down from 13% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨81.90, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 10x in the Insurance industry in Sri Lanka. Total returns to shareholders of 88% over the past three years. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: LK₨1.51 (vs LK₨2.28 in 1Q 2024) First quarter 2025 results: EPS: LK₨1.51 (down from LK₨2.28 in 1Q 2024). Revenue: LK₨9.76b (up 14% from 1Q 2024). Net income: LK₨477.6m (down 44% from 1Q 2024). Profit margin: 4.9% (down from 10.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Mar 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (LK₨22.5b market cap, or US$76.2m). Announcement • Mar 12
Softlogic Life Insurance PLC, Annual General Meeting, Mar 28, 2025 Softlogic Life Insurance PLC, Annual General Meeting, Mar 28, 2025, at 10:00 Sri Lanka Standard Time. Location: auditorium, central hospital limited, 4th floor, no. 114, norris canal road, colombo 10, Sri Lanka Reported Earnings • Feb 11
Full year 2024 earnings released: EPS: LK₨12.61 (vs LK₨7.57 in FY 2023) Full year 2024 results: EPS: LK₨12.61 (up from LK₨7.57 in FY 2023). Revenue: LK₨36.2b (up 18% from FY 2023). Net income: LK₨4.52b (up 59% from FY 2023). Profit margin: 13% (up from 9.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨78.20, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨69.80, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 49% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: LK₨2.13 (vs LK₨1.87 in 3Q 2023) Third quarter 2024 results: EPS: LK₨2.13 (up from LK₨1.87 in 3Q 2023). Revenue: LK₨9.37b (up 26% from 3Q 2023). Net income: LK₨793.5m (up 13% from 3Q 2023). Profit margin: 8.5% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: LK₨3.21 (vs LK₨1.35 in 2Q 2023) Second quarter 2024 results: EPS: LK₨3.21 (up from LK₨1.35 in 2Q 2023). Revenue: LK₨9.66b (up 22% from 2Q 2023). Net income: LK₨1.20b (up 138% from 2Q 2023). Profit margin: 12% (up from 6.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Sanjaya Mohottala was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: LK₨2.28 (vs LK₨1.34 in 1Q 2023) First quarter 2024 results: EPS: LK₨2.28 (up from LK₨1.34 in 1Q 2023). Revenue: LK₨8.45b (up 19% from 1Q 2023). Net income: LK₨853.6m (up 70% from 1Q 2023). Profit margin: 10% (up from 7.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨67.20, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 9x in the Insurance industry in Sri Lanka. Total returns to shareholders of 151% over the past three years. Upcoming Dividend • Mar 07
Upcoming dividend of LK₨3.75 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 54% and the cash payout ratio is 89%. Trailing yield: 6.3%. Lower than top quartile of Sri Lankan dividend payers (8.2%). Higher than average of industry peers (4.2%). Announcement • Mar 06
Softlogic Life Insurance PLC, Annual General Meeting, Mar 28, 2024 Softlogic Life Insurance PLC, Annual General Meeting, Mar 28, 2024, at 10:00 Sri Lanka Standard Time. Location: Level 16, One Galle Face Tower (Shangri-La Office Tower) Colombo 02 Sri Lanka Agenda: To consider and approve the Report of the Directors on the State of Affairs of the Company and the Statement of Audited Accounts for the year ended 31st December 2023 and the Report of the Auditors thereon; to consider and approve the re-election of Mr. P.L.P. Withana who retires by rotation; to consider and approve the appointment of Messrs. KPMG, Chartered Accountants as Auditors of the Company; and to consider any other matters. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.07% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Market cap is less than US$100m (LK₨21.2b market cap, or US$68.8m). Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: LK₨7.57 (vs LK₨7.15 in FY 2022) Full year 2023 results: EPS: LK₨7.57 (up from LK₨7.15 in FY 2022). Revenue: LK₨31.8b (up 36% from FY 2022). Net income: LK₨2.84b (up 5.8% from FY 2022). Profit margin: 8.9% (down from 12% in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: LK₨1.87 (vs LK₨2.03 in 3Q 2022) Third quarter 2023 results: EPS: LK₨1.87 (down from LK₨2.03 in 3Q 2022). Revenue: LK₨7.55b (up 36% from 3Q 2022). Net income: LK₨700.5m (down 8.2% from 3Q 2022). Profit margin: 9.3% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: LK₨1.35 (vs LK₨1.84 in 2Q 2022) Second quarter 2023 results: EPS: LK₨1.35 (down from LK₨1.84 in 2Q 2022). Revenue: LK₨7.87b (up 35% from 2Q 2022). Net income: LK₨505.4m (down 27% from 2Q 2022). Profit margin: 6.4% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨83.40, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total returns to shareholders of 213% over the past three years. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: LK₨1.34 (vs LK₨1.34 in 1Q 2022) First quarter 2023 results: EPS: LK₨1.34. Revenue: LK₨7.29b (up 40% from 1Q 2022). Net income: LK₨501.6m (flat on 1Q 2022). Profit margin: 6.9% (down from 9.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: LK₨7.15 (vs LK₨5.61 in FY 2021) Full year 2022 results: EPS: LK₨7.15 (up from LK₨5.61 in FY 2021). Revenue: LK₨23.4b (up 11% from FY 2021). Net income: LK₨2.68b (up 28% from FY 2021). Profit margin: 12% (up from 10.0% in FY 2021). The increase in margin was driven by higher revenue. Combined ratio: 87.1% (up from 69.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 08
Upcoming dividend of LK₨3.50 per share at 3.2% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Sri Lankan dividend payers (7.6%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to LK₨103, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total returns to shareholders of 209% over the past three years. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: LK₨7.15 (vs LK₨5.61 in FY 2021) Full year 2022 results: EPS: LK₨7.15 (up from LK₨5.61 in FY 2021). Revenue: LK₨25.5b (up 22% from FY 2021). Net income: LK₨2.68b (up 28% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to LK₨119, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 21% share price gain to LK₨61.90, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total returns to shareholders of 82% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: LK₨2.03 (vs LK₨1.31 in 3Q 2021) Third quarter 2022 results: EPS: LK₨2.03 (up from LK₨1.31 in 3Q 2021). Revenue: LK₨6.05b (up 13% from 3Q 2021). Net income: LK₨762.8m (up 55% from 3Q 2021). Profit margin: 13% (up from 9.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨58.40, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 64% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: LK₨1.84 (vs LK₨1.34 in 2Q 2021) Second quarter 2022 results: EPS: LK₨1.84 (up from LK₨1.34 in 2Q 2021). Revenue: LK₨6.21b (up 35% from 2Q 2021). Net income: LK₨690.2m (up 37% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 21% share price gain to LK₨68.90, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 15% share price gain to LK₨52.00, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 6x in the Insurance industry in Sri Lanka. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorated over the past week After last week's 21% share price decline to LK₨53.60, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 34% share price gain to LK₨69.50, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 115% over the past three years. Reported Earnings • May 15
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: LK₨1.34 (up from LK₨1.11 in 1Q 2021). Revenue: LK₨5.88b (up 18% from 1Q 2021). Net income: LK₨501.8m (up 21% from 1Q 2021). Profit margin: 8.5% (up from 8.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 49% share price decline to LK₨43.40, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to LK₨87.00, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 10x in the Insurance industry in Sri Lanka. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 28% share price decline to LK₨101, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 13x in the Insurance industry in Sri Lanka. Total returns to shareholders of 197% over the past three years. Reported Earnings • Feb 10
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: LK₨5.61 (up from LK₨4.06 in FY 2020). Revenue: LK₨21.0b (up 31% from FY 2020). Net income: LK₨2.10b (up 38% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 57% share price gain to LK₨179, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 14x in the Insurance industry in Sri Lanka. Total returns to shareholders of 342% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 32% share price gain to LK₨55.30, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 8x in the Insurance industry in Sri Lanka. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨37.80, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 8.6% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 26% share price gain to LK₨37.80, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Insurance industry in Sri Lanka. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS LK₨1.31 (vs LK₨0.009 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: LK₨5.35b (up 24% from 3Q 2020). Net income: LK₨490.8m (up LK₨487.3m from 3Q 2020). Profit margin: 9.2% (up from 0.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS LK₨1.34 (vs LK₨0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: LK₨4.62b (up 40% from 2Q 2020). Net income: LK₨503.9m (up LK₨450.5m from 2Q 2020). Profit margin: 11% (up from 1.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS LK₨1.11 (vs LK₨1.28 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: LK₨4.97b (up 38% from 1Q 2020). Net income: LK₨416.2m (down 13% from 1Q 2020). Profit margin: 8.4% (down from 13% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Mar 11
Softlogic Life Insurance PLC, Annual General Meeting, Mar 31, 2021 Softlogic Life Insurance PLC, Annual General Meeting, Mar 31, 2021, at 10:00 Sri Lanka Standard Time. Location: Level 16, One Galle Face Tower (Shangri-La Office Tower), Colombo 02 Sri Lanka Agenda: To receive and consider the Report of the Directors on the State of Affairs of the Company and the Statement of Audited Accounts for the year ended 31st December 2020 and the Report of the Auditors thereon; to re-elect Mr. Mohan Ray Abeywardena who retires by rotation in terms of Articles 98 (a) of the Articles of Association of the Company as a Director of the Company; and to re-appoint Messrs. KPMG, Chartered Accountants as Auditors of the Company for the upcoming year and to authorize the Directors to determine their remuneration. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is expected to shrink by 2.9% compared to a 17% decline forecast for the Insurance industry in Sri Lanka. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS LK₨4.06 (vs LK₨5.79 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: LK₨16.1b (up 22% from FY 2019). Net income: LK₨1.52b (down 30% from FY 2019). Profit margin: 9.5% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Combined ratio: 73.6% (down from 79.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 25
New 90-day low: LK₨30.80 The company is down 6.0% from its price of LK₨32.60 on 27 November 2020. The Sri Lankan market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is LK₨45.86 per share. Analyst Estimate Surprise Post Earnings • Feb 15
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is expected to shrink by 2.9% compared to a 16% decline forecast for the Insurance industry in Sri Lanka. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS LK₨4.06 (vs LK₨5.79 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: LK₨16.1b (up 22% from FY 2019). Net income: LK₨1.52b (down 30% from FY 2019). Profit margin: 9.5% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 10
New 90-day high: LK₨36.20 The company is up 8.0% from its price of LK₨33.40 on 11 September 2020. The Sri Lankan market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 13% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS LK₨0.01 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: LK₨4.32b (up 36% from 3Q 2019). Net income: LK₨3.47m (down 99% from 3Q 2019). Profit margin: 0.1% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 22
New 90-day high: LK₨35.80 The company is up 19% from its price of LK₨30.00 on 24 June 2020. The Sri Lankan market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period. Announcement • Sep 03
Softlogic Life Insurance PLC announced that it has received LKR 2.8 billion in funding from Norfund, Finnfund Softlogic Life Insurance PLC (COSE:AAIC.N0000) announced that it has received SLR 2,800,000,000 in funding on August 24, 2020. The transaction included participation from new lenders Norfund and Finnfund who will each invest SLR 1,400,000,000 in Tier II subordinated debt transaction. 
