Janashakthi Life soars 3Q with 249% surge in profits, 72% growth in new business premiums

Janashakthi Life, the flagship brand of JXG (Janashakthi Group) closed 3Q 2025 solidifying its performance and growth momentum as one of Sri Lanka’s fastest-growing life insurers. 

Building on the strong progress established in the second quarter, the company continues its upward trajectory with exceptional gains in profitability and business expansion, surpassing industry benchmarks across the key performance indicators. 

The company recorded a 72 percent year-on-year increase in regular new business, reaching Rs.1.227 billion. This growth was driven by an enhanced focus on customer acquisition, customer retention, product diversification and an expanding distribution network. Janashakthi Life also achieved a commendable 249 percent increase in net profit, amounting to Rs.2.793 billion as at end-September 2025, compared to Rs.800 million in the same period last year. Total assets grew to Rs.41.508 billion, underscoring the company’s strong financial foundation and prudent capital management.

The company recorded a claim payout totalling Rs.2.603 billion during the said period, honouring its commitment to its policyholders and reinforcing Janashakthi Life’s expanding customer base and its growing market share within the life insurance sector. The company is further investing in its digital infrastructure for swift and accurate services to its valued policyholders.

Janashakthi Insurance Chairperson Annika Senanayake stated, “Our strong 3Q performance reflects the strategic focus and governance framework that guide the decisions we make. The affirmation of our A- credit rating by Lanka Rating Agency is proof of the trust we have built, the stability of our business model and the disciplined execution of our long-term vision. We remain committed to driving sustainable growth, maintaining robust governance standards and creating enduring value for our policyholders, shareholders and stakeholders alike.”

Janashakthi Insurance Director/Chief Executive Officer Ravi Liyanage added, “These results reflect the strength of our people and the efficiency of our operations. Through prudent financial management and a clear focus on innovation, we have enhanced returns to our policyholders as well as investors. Our teams continue to deliver excellent results by anticipating customer needs and providing meaningful life insurance solutions that combine protection with value. We are confident that this disciplined progress will sustain our forward drive and reinforce Janashakthi Life’s position as a trusted leader in the industry.”

Janashakthi Life enters the final quarter of 2025 with strong progress and a clear vision to accelerate its growth direction. With a strengthened financial position and a well-diversified product portfolio, the company remains well-positioned to deliver continued value to its shareholders, policyholders and the broader market.