Established in 1962 as a state owned corporation, Sri Lanka Insurance was converted to a private limited liability company for a brief period of 6 years and was reinstated as a nationalized entity on 4th June 2009. The return of ownership to the state has further strengthened the company , which today is the largest government owned insurer in Sri Lanka with an unparalleled managed asset base of over Rs 132 billion, the largest life fund in the insurance industry of Rs 60 billion and a strong capitalization of Rs 6 billion.
