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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 ...

Jun 17, 2024 Posted by In Articles Tagged , , , ,
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Janashakthi Life records highest ever PBT of LKR 5.2Bn. 186% growth from last financial year 19th April 2024, Colombo: Janashakthi Life, one of the leading life insurance companies in Sri Lanka, has recorded remarkable growth in profitability for the financial year 2023. Marked by a record profit before tax of LKR 5.2 billion, along with a resounding growth of 201% in profit after tax compared to 2022. This achievement is the highest in the entire history of Janashakthi Life. It underscores the company’s robust financial health and strategic proficiency in navigating market challenges. The key financial indicators, such as a Capital Adequacy Ratio of 272%, a Liquidity Ratio of 3.9 times, an ROE of 27%, Earnings Per Share of LKR 18.25, and LKR 3.4 billion in claim settlements, solidify the prudent financial management from the perspective of all stakeholders. “One of the key factors that contributed to Janashakthi Life’s success ...

Apr 20, 2024 Posted by In Articles Tagged , , , , , , , ,
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Janashakthi Life Crowned as ‘Domestic Life Insurer of the Year’ for Second Time 11th July 2023, Colombo:  Janashakthi Life, a pioneering life insurance provider in Sri Lanka, has once again demonstrated its industry excellence by securing two prestigious accolades at the highly acclaimed Insurance Asia Awards. The event, which brings together Asia’s foremost insurance companies, celebrates their exceptional initiatives, innovative products, and ground-breaking solutions. Standing out, Janashakthi Life emerged as the proud recipient of two coveted titles: “Domestic Life Insurer of the Year – Sri Lanka” and “Digital Insurance Initiative of the Year – Sri Lanka.” These accolades reflect the company’s unwavering commitment to pioneering insurance solutions, even amid challenging macro-economic conditions, resulting in a strong financial performance. ...

Jul 11, 2023 Posted by In Articles Tagged , ,
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