Janashakthi Life has recorded a Rs. 5.7 billion Profit Before Tax for the period under review. This is the second consecutive year the company has surpassed the Rs. 5 billion mark in PBT, a media release from the company stated.
Looking ahead, the company is poised to maintain its momentum as the fastest-growing insurance provider in 2025. The company has already deployed strategies for market and distribution expansion in keeping with product / market as a matrix for growth. Some of the innovative products are being developed for emerging segments of the life insurance market in 2025.
Plans are already in place to deliver best-in-class service through focused customer lifecycle management.
The company is also executing robust digitalisation initiatives to strengthen its position as a pioneer in digital innovation. Janashakthi Life’s total assets amount to Rs. 38 billion at the close of 2024, reflecting robust growth. This underscores the financial strength and stability of the company, ensuring long-term security and sustainability for its stakeholders.
A key financial indicator, the Capital Adequacy Ratio of over 277%, highlights the company’s prudent financial management and reinforces confidence among all stakeholders”, added Liyanage. Chairperson of Janashakthi Insurance, Annika Senanayake said, “At Janashakthi Life, our resolute focus is on creating sustainable value for all stakeholders. Our performance in 2024 reflects not only our financial strength but also our deep commitment to supporting our policyholders when it matters most.”
