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 ...
Blog Archives
Dilip de S. Wijeyeratne Appointed to Janashakthi Life Board 01st March 2024, Colombo: Janashakthi Life, a member of the Janashakthi Group, announces the appointment of Dilip de S. Wijeyeratne as an Independent, Non-Executive Director to the Company’s Board of Directors, effective from 14th February 2024. Dilip de S. Wijeyeratne is a senior finance/banking professional and a principal consultant who provides advisory services to companies globally to expand operations within the Middle East, Sri Lanka, and Australia. Wijeyeratne is an Associate Member of the Institute of Chartered Accountants of Sri Lanka (ACA), a Fellow Member of the Chartered Institute of Management Accountants, UK (FCMA), and a Graduate Member of the Australian Institute of Company Directors (GAICD). He is currently the Senior Independent, Non-Executive Director of Sampath Bank PLC, the Senior Independent, Non-Executive Director of Singer Sri Lanka PLC, and the Senior Independent, Non–Executive Director of Hayleys Fibre PLC. He was also ...
Janashakthi Group Strengthens Group Synergies with Strategic Share Transfer 27th December 2023, Colombo: Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC. This transfer is aimed at fostering a more cohesive and integrated approach across Janashakthi Group’s key business units, aligning the strategic interests of Janashakthi Insurance PLC with First Capital Holdings PLC and creating a more unified and efficient Group structure. Despite the transfer, Janashakthi Group still holds 83% of First Capital shares. Ramesh Schaffter, Managing Director and Group CEO of Janashakthi Group, stated, “Consolidating the ownership structure within the Group will not only enhance operational synergies but also position us for sustained growth and success. This strategic alignment reinforces our commitment to delivering greater value ...
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. ...
Janashakthi Life Celebrates MDRT Achievers at ‘Road to MDRT 2023’ Inauguration 30th May 2023, Colombo: Janashakthi Life, a pioneering life insurance provider in Sri Lanka, recently held the inauguration of “Road to MDRT” at the Marino Beach Hotel in Colombo. The event focused on a comprehensive training program conducted by the company’s Learning and Development department: The program showcased effective tools, methods, and techniques aimed at enhancing performance. Additionally, the event recognized and celebrated the exceptional achievements of the top performers in the company. Esteemed Chief Guest Chandra Schaffter, Founder and Chairman Emeritus of the Janashakthi Group graced the event, while the Management team of Janashakthi Life, along with the group of MDRT (Million Dollar Round Table) aspirants, were also in attendance. ...
