Janashakthi Life delivers 36% revenue growth, ‘outperforming the industry’
Janashakthi Life, the flagship company of JXG (Janashakthi Group), delivered a strong first-half performance in 2026, with Gross Written Premiums (GWP) increasing by 36% year-on-year to Rs. 5.11 billion. The Company’s growth significantly outpaced the industry’s 20.8% growth during the period, reflecting continued demand for its life insurance solutions and progress in expanding its customer […]
Janashakthi Life, a subsidiary of JXG, experienced a remarkable 36% increase in revenue for the first half of 2026, surpassing the industry's 20.8% growth rate. This impressive growth showcased the company's continued demand for its life insurance products and its successful efforts in expanding its customer base and market presence.
During the same period, the company's total assets grew to Rs. 41.14 billion from Rs. 40.37 billion the previous year. Despite paying Rs. 2.24 billion in claims and benefits, Janashakthi Life remained profitable, recording a Profit Before Tax (PBT) of Rs. 271 million. The company's Chairperson, Annika Senanayake, highlighted the strong business performance and the potential opportunities for further development of the life insurance market in Sri Lanka.
Janashakthi Life's Director/CEO, Ravi Liyanage, emphasized the company's focus on building a sustainable and profitable business, improving customer accessibility, and maintaining a strong market position through disciplined growth and enhanced service quality. The company's recognition as one of Sri Lanka's 50 Best Workplaces for 2026 and among Brand Finance's Sri Lanka 100 Most Valuable Brands further underscores its commitment to building a high-performing organization.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
