Janashakthi Life has once again proven its mettle, delivering a stellar performance in Q2 2025 and solidifying its position as one of Sri Lanka’s fastest-growing life insurers. Building on the strong momentum established in the first quarter as the fastest growing insurance company, the company continues its upward trajectory with exceptional gains in profitability and business expansion surpassing industry benchmarks across key performance indicators.
Continuing its consistent growth path, Janashakthi Life’s first-year premium saw an impressive 61% increase over the same period last year, demonstrating not only strength but also exceptional agility in a challenging economic climate. As the flagship company of JXG (Janashakthi Group), Janashakthi Life announced its financial results for the second quarter year-to-date (Q2 YTD) 2025, showcasing strength, strategic clarity, and sustainable growth.
Regular long-term business grew by 32% year-on-year, underscoring the company’s ability to deepen long-term customer value while ensuring steady income streams. Gross Written Premiums (GWP) reached LKR 3,769 million, reflecting a robust 27% year-on-year increase, even amid broader market pressures, clearly marking Janashakthi Life as an outperformer in the sector.
Profitability surged with a net profit of LKR 1,318 million – a significant 70% increase compared to LKR 777 million in the same period last year. Total assets rose to LKR 39 billion as of end-June 2025, reinforcing the company’s strong financial foundation and capacity to scale further.
The company’s relentless focus on product innovation and customer experience paid off handsomely, with new business premiums soaring by 73% in regular first-year premium. This reflects Janashakthi Life’s strategic intent to grow sustainably while catering to the evolving needs of Sri Lankan families. The result is a notable increase in market share in certain life insurance categories, further cementing its position as a key industry player.
During the period under review, the company paid claims and benefits totaling LKR 1,589 million, reaffirming its steadfast commitment to policyholders and its role as a trusted and dependable insurance partner.
The strong Q2 performance is a clear endorsement of Janashakthi Life’s strategic priorities, effective execution, and customer-first mindset. The business has not only scaled growth but has also delivered excellence in every area, from distribution and product diversification to operational strength and financial returns.
Commenting on the results, Annika Senanayake, Chairperson of Janashakthi Insurance PLC, said,
“These results reflect the exponential progress we have made in delivering value to our customers, employees, and shareholders. The sustained growth in our topline and bottom-line is a direct outcome of the clarity in our strategic direction and the strength of our team. As we continue to grow our footprint, we remain focused on strengthening trust, deepening relationships, and building a future-ready business.”
Ravi Liyanage, Director/Chief Executive Officer of Janashakthi Insurance PLC, shared his thoughts on the performance, “The results denote strategies deployed during the period providing rich rewards, and it connotes meticulous execution. In particular, the matrix of products and distribution is leveraging well in achieving consistently extraordinary performance. Profitability is looking even stronger with 70% year-to-date growth and stronger contribution in Q2. The growth in new business and profitability highlights our ability to stay connected to customer needs and deliver solutions that matter. Looking ahead, we remain committed to driving sustainable growth, enhancing operational efficiency, and expanding our footprint across the country even stronger and deeper.”
With eyes set firmly on the future, Janashakthi Life is poised to carry forward this winning momentum into the second half of the financial year. The company’s strategic focus remains on advancing digital innovation, strengthening its distribution network, and building lasting relationships with customers—ensuring long-term value for all stakeholders.
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Janashakthi Insurance PLC
Founded in 1994 as a Life Insurance company, Janashakthi Insurance PLC (Janashakthi Life) made its mark in the industry as an innovator and household name for nearly 30 years. Janashakthi Insurance PLC is licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL). The company has a strong presence across the island, with an expanding network of over 75 branches and a dedicated call centre. In line with its purpose of “uplifting lives and empowering dreams”, Janashakthi Life remains committed to becoming a leader in the Life Insurance industry by delivering a service beyond Insurance to its customers and stakeholders. Janashakthi Insurance PLC is a member of JXG (Janashakthi Group) that operates in the Insurance, Finance, and Investment sectors.
Janashakthi Insurance PLC Board of Directors comprises of Annika Senanayake Prakash Schaffter, Ravi Liyanage, Ramesh Schaffter, Warini De Costa, Dr. Nishan de Mel, Sivakrishnarajah Renganathan, Dr. Gehan Gunatilleke and Dilip de S. Wijeyeratne.