Janashakthi Life recorded a strong financial performance during the first half of 2026, with Gross Written Premiums (GWP) rising 36 percent year-on-year to Rs. 5.11 billion.
The insurer’s premium growth was well ahead of the 20.8 percent expansion recorded by the overall industry during the same period. The performance reflects continued demand for Janashakthi Life’s insurance solutions, alongside its efforts to broaden its customer base and strengthen its position within Sri Lanka’s life insurance market.
The company also recorded growth in its asset base. Total assets stood at Rs. 41.14 billion at the end of the second quarter of 2026, compared with Rs. 40.37 billion at the close of 2025. The increase provides Janashakthi Life with a stronger financial foundation as it expands its policyholder base and continues investing in the capabilities needed to support future growth.
Supporting policyholders remained a key focus during the period. Janashakthi Life paid Rs. 2.24 billion in claims and benefits during the first six months of the year. These payments provide financial assistance to individuals and families during important and often difficult stages of their lives, underlining the role of life insurance in providing long-term financial protection.
The company remained profitable during the first half, reporting Profit Before Tax (PBT) of Rs. 271 million, excluding the surplus transfer for the period. Following the declaration of the surplus transfer, the final profitability position is expected to be considerably higher. Janashakthi Life said it remains focused on improving earnings quality, controlling costs and ensuring that business expansion translates into sustainable financial performance.
Janashakthi Insurance PLC Chairperson Annika Senanayake said the first-half results demonstrate the strength of the life insurance business and highlight further opportunities for developing Sri Lanka’s insurance market.
She said the company is working towards sustainable growth supported by strong fundamentals while seeking to make insurance accessible to a broader section of the population. As part of JXG, Janashakthi Life is also positioned to make use of the Group’s wider financial services ecosystem as it continues to expand its presence in the market.
Director/CEO Ravi Liyanage highlighted the company’s performance across its major business segments. He said GWP increased by 36 percent during the first half, reaching Rs. 5.11 billion, while regular business, group life and single premium segments all recorded growth ahead of the wider industry.
According to Liyanage, the performance reflects the company’s challenger approach to the market. With assets under management surpassing Rs. 41 billion, Janashakthi Life is also strengthening the scale and stability of its operations.
The company plans to build on this momentum during the remainder of 2026 by focusing on distribution expansion, productivity improvements and disciplined cost management. Enhancing the customer experience will also remain a priority, with the insurer aiming to provide consistent service throughout the duration of customers’ insurance contracts.
The first-half results give Janashakthi Life a strong foundation for its plans for the rest of the year. The company intends to continue expanding access to life insurance, strengthening relationships with policyholders and developing products and solutions that address changing financial needs.
With premium growth significantly exceeding the industry rate, an expanding asset base and substantial claims and benefits paid to customers, Janashakthi Life is continuing to increase its scale across its core operations. Its strategy remains centred on disciplined expansion, stronger execution and improving the quality and sustainability of business performance.
The company’s recent recognition has further strengthened its market profile. Janashakthi Life was included among Sri Lanka’s 50 Best Workplaces for 2026 by Great Place To Work Sri Lanka and was also featured in Brand Finance’s Sri Lanka 100 Most Valuable Brands ranking.
