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Janashakthi Life Soars: Q1 Gross Written Premiums Up 44%, Profit Before Tax Grows 29% 17 th June 2024, Colombo: Janashakthi Life, one of Sri Lanka’s leading life insurers, reported stellar financial results for the first quarter of 2024, solidifying the company’s position for continued growth and stability. Janashakthi Life’s Gross Written Premium (GWP) growth surged by an impressive 44% in Q1 2024 compared to Q1 2023. This significant increase reflects the company’s successful market expansion and its ability to attract new customers. Additionally, other operating revenue soared by 22%, driven by the success of diversified income streams and strategic investments. The Profit Before Tax (PBT) for Q1 2024 also demonstrated robust performance, with a 29% increase over Q1 2023. This growth is indicative of the company’s  effective operational strategies and sound financial management. A notable strategic decision by Janashakthi Life has been the eradication of realized gains, signalling a shift ...