East West Insurance Company Limited has reported a strong improvement in profitability for the six months ended June 30, 2026, with profit for the period nearly doubling compared with the same period last year.
According to the company’s financial statements, profit for the period rose to Rs1.08 billion, compared with Rs547.4 million in the corresponding period of 2025. This represents an increase of around 98% year-on-year.
The company’s earnings per share (EPS) also increased substantially, reaching Rs3.49 for the six-month period, compared with Rs1.77 a year earlier.
Insurance premiums show strong growth
East West Insurance recorded net insurance premium of Rs4.61 billion during the first half of 2026, up from Rs3.25 billion in the same period of 2025. The increase indicates stronger premium generation during the period.
At the same time, net insurance claims increased to approximately Rs2.10 billion, compared with Rs1.54 billion previously. Insurance claims and acquisition expenses stood at around Rs3.05 billion, compared with Rs2.34 billion in the first half of 2025.
Despite higher claims and expenses, the company reported an underwriting result of Rs853.99 million, compared with Rs521.72 million a year earlier.
Investment income provides additional support
Investment performance also contributed to the company’s improved bottom line. Investment income increased to Rs646.21 million in the six months ended June 30, 2026, compared with Rs338.90 million in the same period last year.
The company also reported Rs62.66 million in other income, while finance costs remained relatively small at Rs2.80 million.
As a result, profit from operating activities climbed to Rs1.38 billion, compared with Rs709.19 million in the first half of 2025.
Second-quarter performance also improves sharply
East West Insurance delivered an especially strong performance during the April-June quarter.
For the three months ended June 30, 2026, the company posted profit of Rs598.33 million, compared with just Rs90.30 million in the same quarter of 2025.
Quarterly EPS increased to Rs1.93, compared with Rs0.29 in the corresponding quarter last year.
Asset base expands
The company’s financial position also strengthened during the period. Total assets reached Rs19.52 billion as of June 30, 2026, compared with Rs17.92 billion at the end of December 2025.
Total equity increased to Rs7.24 billion from Rs6.16 billion, while total liabilities stood at approximately Rs10.69 billion.
The balance sheet shows investments of approximately Rs11.43 billion, compared with Rs10.37 billion at the end of 2025, reflecting the company’s sizeable investment portfolio.
Operating cash flow remains positive
East West Insurance generated Rs948.77 million in cash from operating activities during the first half of 2026, although this was lower than the Rs1.92 billion generated in the same period last year.
The company ended the period with cash and cash equivalents of Rs1.96 billion, compared with Rs845.11 million at June 30, 2025.
Overall, East West Insurance’s first-half results point to a significant improvement in profitability, supported by stronger insurance premiums, improved underwriting performance and higher investment income. The near doubling of earnings and substantial increase in EPS mark a strong first half for the company in 2026.
