The David Pieris Group is further strengthening its international presence through the acquisition of 50% ownership in Navire Logistics Services L.L.C, a reputed logistics company operating in Dubai and Oman. This strategic move marks a significant milestone in the Group’s ambition to expand operations beyond Sri Lanka and establish a stronger foothold in global markets.
In Sri Lanka, the Group’s logistics arm, D P Logistics (Private) Limited (DPL), has already established itself as a leading provider of comprehensive logistics solutions, including warehousing, transportation, freight forwarding, project logistics, inland distribution, and custom house brokering. DPL ranks among the top ten players in warehousing and 3PL operations, and manages one of the largest container fleets in the country. Despite operating in a highly fragmented freight forwarding market, DPL continues to capture a growing share, reinforcing its reputation as one of the few local companies with expertise across all logistics disciplines.
The Group’s international expansion follows its 2022 acquisition of Pulsar Shipping Agencies (Pvt.) Limited, the shipping arm of Expolanka Holdings PLC, which broadened the Logistics & Shipping Cluster to include ship agency, husbandry services, and marine logistics. The latest acquisition of Navire Logistics further positions the David Pieris Group as a key player in regional and global logistics markets, building on its expertise and long-standing reputation in Sri Lanka.
Softlogic Life Grows 29% with GWP of Rs. 28.2 Bn for 9 months
Softlogic Life Insurance PLC continued its exceptional growth trajectory in the third quarter of 2025, reporting a Gross Written Premium (GWP) of Rs. 28.2 billion for the nine months ending 30 September 2025, representing a robust 29% year-on-year growth.
The company also recorded Profit Before Tax (PBT) of Rs. 3.3 billion and Profit After Tax (PAT) of Rs. 2.3 billion. Total assets reached Rs. 59 billion, with equity standing at Rs. 11.6 billion. The company maintained a strong Return on Equity (ROE) of 24% and a Capital Adequacy Ratio (CAR) of 298% as at 31 December 2024, well above the regulatory requirement of 120%.
Reaffirming its commitment to policyholders, Softlogic Life disbursed Rs. 13.5 billion in claims and benefits during the nine months ending 30 September 2025. Of this, Rs. 9.5 billion was for health and protection-related claims (excluding maturities and surrenders), compared to Rs. 8 billion in 2024, underlining the company’s leadership in the health insurance sector, where it commands a 36% market share as of end-2024.
The company’s commitment to fast and fair claims settlement remains a hallmark of its brand, with over 98% of claims settled within a single day, serving more than 1.3 million Sri Lankans and reinforcing public trust in the company as a partner safeguarding health and well-being.
Building on this momentum, Softlogic Life successfully completed the acquisition of 100% of Allianz Life Insurance Lanka Limited, marking the first instance in Sri Lanka of a life insurance company acquiring another life insurance company. This landmark transaction strengthens Softlogic Life’s growth trajectory, enhances its ability to deliver value to policyholders, and reinforces its position as a leader in the local insurance market.
David Pieris Group Expands Its Global Footprint