Janashakthi Life receives LRA’s A- credit rating

Janashakthi Life, the flagship company of JXG (Janashakthi Group), has been reassured confirming its governance, trust, stability and performance with the award of A- credit rating by Lanka Rating Agency (LRA). 

This independent recognition highlights the company’s strong financial position, commitment to transparency and long-term stability.

As Janashakthi Life proudly celebrates 31 years of operations during the month of September 2025, which is also the Insurance Month, this milestone comes at a pivotal time for the company. Having outpaced the industry as the fastest-growing insurer in 1Q 2025 with a 49 percent growth in gross written premium and having exceeded key industry benchmarks across first year premium, long-term business, gross written premium, and new business during the first half of the year, this recognition further underscores the insurer’s strong and sustained growth development.

The rating reflects Janashakthi Life’s robust governance framework, ensuring transparency, accountability and compliance with industry best practices. Its approach to professional management, supported by an experience leadership team and clear processes, enables the company to navigate challenges effectively while pursuing sustainable growth. 

The companies unwavering commitment  to creating long-term value for policyholders and stakeholders emphasises its focus on financial stability, customer-centric innovation and ethical business conduct. Together, these factors reinforce the company’s resilience and position it as a trusted and responsible player in the insurance sector. 

Risk-based capital adequacy ratio reflects strong organic capital generation, exceeding industry benchmarks without dependence on external support. 

Janashakthi Insurance Director/CEO Ravi Liyanage stated, “Janashakthi Life’s robust foundations are reaffirmed by this strong credit rating.”

Janashakthi Insurance Chief Financial Officer Jude Shanmugam stated, “Our strong financial management procedures and ability to withstand a challenging operating environment are reflected in our A-rating.”