Janashakthi Life, a leading life insurance provider in Sri Lanka, is pleased to announce exceptional
financial results for the first-half of 2024. The company achieved record-breaking growth across key
performance indicators, with a notable 45% increase in Gross Written Premiums (GWP) compared to
the period under review in 2023. This significant growth reflects the company’s steady growth and an
expanding customer base.
In addition to the impressive GWP growth, Janashakthi Life has experienced a substantial rise in Other
Operating Revenue, which has surged 111% year-on-year. The company’s market capitalization has
also experienced considerable growth, increasing by 43% during the first half of 2024 relative to the
same period in 2023. These achievements highlights the company’s strategic investments, diversified
income streams as well as the continued investor confidence.
Furthermore, during the first two quarters, Janashakthi Life has paid over LKR 2.2 billion in claims,
fulfilling all customer obligations and expectations, in line with its promise to indemnify policyholders
in their most critical times of need. The company has also distributed LKR 3 billion in dividend further
showcasing its robust financial health and dedication to rewarding investors and other stakeholders.
“The record growth in premiums, revenue, and market capitalization, alongside our increased claims
payments and dividends, is a testament to our commitment to delivering value to our stakeholders,”
stated Ravi Liyanage, Director/CEO of Janashakthi Life. “Janashakthi Life has ambitious plans for the
current financial year and we are fully committed in delivering them,” he further added.
Staying true to its corporate purpose of “uplifting lives and empowering dreams”, Janashakthi Life has
always strived to deliver greater value to all its stakeholders ethically and transparently. On the
customer front, the insurer brings this to life through its ground-breaking insurance solutions and
services that cater to their evolving needs at every stage of their lives. Extending this purpose to the
society at large, Janashakthi Life aspires to make a greater contribution to social sustainability in
society at large.
Over a span of 29 years, Janashakthi Insurance PLC has continued to revolutionize the insurance
industry and journeyed forward to become a force to be reckoned with. Its island-wide network of 79
branches enable people from all walks of life to access its unique insurance solutions.