Janashakthi Life, a flagship brand of the Janashakthi Group (JXG) and a prominent player in Sri Lanka’s insurance sector, has begun the financial year 2026 on a powerful note, posting robust growth across all key financial and operational indicators for the quarter under review.

The company reported Gross Written Premiums (GWP) of LKR 2.6 billion, marking an impressive 42% year-on-year increase. This strong performance underscores sustained market demand, improved distribution efficiency, and growing customer confidence in Janashakthi Life’s evolving insurance proposition.

Investor sentiment strengthened markedly during the period, with market capitalisation rising sharply from LKR 17 billion to LKR 29 billion—an increase of approximately 70%. The share price also climbed significantly from LKR 73.60 in Q1 2025 to LKR 127.70 in Q1 2026, reflecting heightened investor confidence and improved market valuation of the company’s long-term growth trajectory.

The company’s balance sheet further reinforced its financial stability, with total assets expanding to LKR 41 billion. This growth signals a solid capital base and enhanced capacity to support future expansion and long-term sustainability.

New business performance also remained strong, recording a 25% year-on-year increase, driven by strengthened customer engagement strategies and a more agile, performance-driven distribution network. Meanwhile, claims and benefits paid rose to LKR 985.8 million, a 26% increase compared to the same period last year—highlighting the company’s continued commitment to honouring policyholder obligations promptly and responsibly, while maintaining strict actuarial discipline.

Commenting on the results, Chairperson of Janashakthi Insurance PLC, Annika Senanayake, noted that the performance reflects a disciplined and structured approach to business growth.

“Growth in premium income of 42% is a clear indication of disciplined execution, strengthened governance, and a consistent focus on delivering value to policyholders while ensuring financial sustainability,” she said.

Director and Chief Executive Officer, Ravi Liyanage, echoed this sentiment, highlighting the strength of the company’s strategic direction and execution capabilities.

“These results demonstrate meaningful traction in new business growth, supported by a sharper customer focus and enhanced distribution productivity,” he said. “At the same time, we continue to strengthen profitability through prudent risk selection and operational efficiency, ensuring that growth remains both sustainable and scalable. The significant increase in market capitalisation reflects a clear shift in investor confidence, with performance well above industry averages.”

The latest quarterly performance reinforces Janashakthi Life’s upward trajectory, anchored in sustainable expansion, financial prudence, and long-term stakeholder value creation, further strengthening its position within Sri Lanka’s competitive insurance landscape.

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