Janashakthi Life records 42% GWP growth to Rs.2.6bn

70% increase in market capitalisation 

From left: Chairperson Annika Senanayake and Director and CEO Ravi Liyanage

Janashakthi Life commenced the financial year 2026 on a strong footing, delivering robust results across key financial and operational indicators for the quarter ended. 

The company recorded gross written premiums (GWP) of Rs.2.6 billion, reflecting a significant 42 percent growth compared to the corresponding period last year. This performance reinforces sustained market demand, strengthened distribution effectiveness and continued trust in Janashakthi’s evolving insurance value proposition.

At the end of the period under review, the company’s market capitalisation has moved to Rs.29 billion, compared to the corresponding figure of Rs.17 billion. This is a true reflection of investor confidence, demonstrated by the brand against the backdrop of very significant value creation to its shareholders. Share price moved from Rs.73.6 in 1Q 2025 to Rs.127.7 in 1Q 2026, reflecting 1.72 times market capitalisation to shareholder equity.

The company’s balance sheet further strengthened, with total assets rising to Rs.41 billion, signalling a solid financial foundation and expanding capacity to support sustained long-term growth.

New business growth during the quarter recorded a notable 25 percent increase year-on-year, driven by enhanced customer engagement strategies and a more agile distribution network. At the same time, claims and benefits paid amounted to Rs.985.8 million, reflecting a 26 percent increase compared to the same period last year, reaffirming the company’s commitment to honouring its obligations to policyholders with speed and reliability, while maintaining actuarial discipline.

Janashakthi Insurance Chairperson Annika Senanayake stated, “This quarter’s performance reflects a deliberate and structured approach to building a well-positioned insurance business. The growth in premium income of 42 percent is clear indication of disciplined execution, strengthened governance and a consistent focus on delivering value to policyholders while ensuring financial sustainability.”

Janashakthi Insurance Director and CEO Ravi Liyanage noted, “The results for 1Q 2026 demonstrate the strength of our strategic direction and execution capabilities. We are seeing meaningful traction in new business growth, supported by a sharper customer focus and enhanced distribution productivity. At the same time, we continue to strengthen profitability through prudent risk selection and operational efficiency, ensuring that growth is both sustainable and scalable.”