Fitch affirms Sri Lanka Insurance Corporation at IFS ‘B+’/Stable

Fitch Rating has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength Rating (IFS) at ‘B+’ with a Stable Outlook.

Fitch Ratings Lanka has also affirmed SLIC’s National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA+(lka)’ with a Stable Outlook. The affirmation reflects the company’s very strong domestic business profile, strong and improved financial performance and strong capital position. These strengths are partially offset by significant investments in non-core subsidiaries and high equity exposure.

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