Janashakthi Life, the leading subsidiary of JXG (Janashakthi Group), reported a robust performance in the first half of 2026, achieving a 36% year-on-year increase in Gross Written Premiums (GWP), totaling Rs. 5.11 billion. This growth rate significantly surpassed the industry average of 20.8%, indicating a sustained demand for its life insurance products and successful efforts in enhancing its customer base and market footprint.
The company’s financial position also showed marked improvement, with total assets rising to Rs. 41.14 billion by the second quarter of 2026, up from Rs. 40.37 billion at the close of 2025. This asset growth signals the company’s expanding operations and provides a solid foundation to support a growing number of policyholders while investing in necessary advancements for future growth.
In the first half of 2026, Janashakthi Life disbursed Rs. 2.24 billion in claims and benefits, underscoring its dedication to assisting policyholders during critical times. These payments offer vital financial support to individuals and families, emphasizing the essential role of life insurance in safeguarding their economic stability and long-term security.
The company maintained profitability during this period, reporting a Profit Before Tax (PBT) of Rs. 271 million, excluding the surplus transfer for the reporting period. Following the surplus transfer declaration, profitability is anticipated to increase significantly. Janashakthi Life remains committed to enhancing earnings quality, effectively managing costs, and converting business growth into lasting improvements in overall performance.
Annika Senanayake, Chairperson of Janashakthi Insurance PLC, remarked, “Our first-half performance showcases the strength of Janashakthi Life and the opportunities available for further growth in Sri Lanka’s life insurance sector. We are dedicated to fostering a business that harmonizes sustainable growth with solid fundamentals, while making insurance more accessible to a broader demographic. As part of JXG, Janashakthi Life is strategically positioned to utilize the Group’s financial services ecosystem, thereby bolstering its market position.”
Ravi Liyanage, Director/CEO of Janashakthi Insurance PLC, stated, “The first half demonstrated significant growth across key business segments, with GWP rising by 36% to Rs. 5.11 billion. The company has excelled in all major areas, including regular, group life, and single premium business, outpacing the competition and illustrating its role as a market challenger. We are enhancing our stability, surpassing LKR 41 billion in assets under management. Our focus now shifts to building on this momentum through enhanced distribution, improved productivity, and disciplined cost control, all while providing an unparalleled customer experience throughout the service contract duration.”
The performance in the first half sets a solid groundwork for Janashakthi Life to pursue its growth strategies for the remainder of the year. The company plans to continue expanding access to life insurance, strengthening customer relationships, and developing solutions that align with evolving financial needs.
With its GWP growth significantly outpacing the industry, an expanding asset base, and increased claims and benefits provided to policyholders, Janashakthi Life is actively scaling its core operations. The company remains focused on disciplined growth, enhanced execution, and elevating performance quality, aiming to create sustainable value for policyholders, shareholders, and the broader business landscape.
Further solidifying its prominent market position, Janashakthi Life has been recognized as one of Sri Lanka’s 50 Best Workplaces™ for 2026 by Great Place to Work® Sri Lanka, as well as being named among Brand Finance’s Sri Lanka 100 Most Valuable Brands. These accolades highlight the company’s ongoing commitment to building a strong brand, delivering customer value, and fostering a high-performing organization.
