News & market updates

The Colombo market opened April higher, with the ASPI up 119 points (0.76%) on turnover of Rs. 1.9 billion. Banking stocks saw early selling around XD dates while blue-chips and capital goods (e.g. Hayleys, John Keells, Melstacorp) were key contributors.

Janashakthi Insurance (JINS.N0000) posted Rs. 5.7 billion Profit Before Tax in 2024, its second consecutive year above Rs. 5 billion. The company reported Rs. 6.6 billion in premium income, Rs. 38 billion in assets, Rs. 4.2 billion in claims/maturities and a capital adequacy ratio above 277%.

Janashakthi Life (Janashakthi Insurance PLC) reported LKR 5.7 billion profit before tax for the period, its second consecutive year above LKR 5 billion. Revenue grew 44% with premiums over LKR 6.6 billion; total assets were LKR 38 billion and capital adequacy exceeded 277%.

Janashakthi Limited (JXG) outlines its evolution as a diversified financial conglomerate operating insurance, finance and leasing through subsidiaries Janashakthi Insurance (JINS), First Capital (CFVF) and Janashakthi Finance (BFN). The profile highlights leadership, workplace awards, innovation efforts and the Janashakthi Foundation's philanthropy.

Janashakthi Group (JXG) reported group revenue of LKR 18.34 billion and EBIT of LKR 6.18 billion for the nine months ended 31 Dec 2024. Key subsidiaries—First Capital Holdings (revenue LKR 10.72bn, PAT LKR 4.53bn; First Capital Treasuries held LKR 66.19bn in govt securities), Janashakthi Insurance (GWP +44%, PAT LKR 3.53bn) and Orient Finance (PAT LKR 254m)—drove performance and the group was upgraded to BBB- by LRA.

Janashakthi Group (JXG) reported group revenue of Rs.18.34 billion and EBIT of Rs.6.18 billion for the nine months to 31 Dec 2024. Key contributors were First Capital Holdings (Rs.10.72bn), Janashakthi Insurance (Rs.4.89bn) and Orient Finance (Rs.3.52bn), and the group received a BBB- LRA rating.

Janashakthi Insurance (JINS.N0000) reported Rs. 6.6 billion in Gross Written Premiums for 2024, a 43% year-on-year increase, and held its 'Drive Me' campaign awards recognising top sales performers.

Janashakthi Insurance Company PLC reported LKR 6.6 billion in Gross Written Premiums for 2024, a 43% year-on-year increase. The company held its 'Drive Me' campaign awards in January 2025 to recognise top sales performers.

Janashakthi Limited (JXG) launched the JXG Management Trainee Programme 2025, an 18-month cross-functional training initiative exposing trainees to Insurance, NBFI, Investment and shared services to develop future leaders.

Janashakthi Insurance Company PLC (Janashakthi Life) recorded LKR 6.6 billion in Gross Written Premiums for 2024, a 43% increase year-on-year. The company credited stronger sales, digital integrations and the launch of the online 'Janashakthi Heart Guard' product for the growth.

Janashakthi Life (Janashakthi Insurance Company PLC) reported Rs. 6.6 billion gross written premium in 2024, a 43% increase year-on-year. Management cited strong salesforce performance, digital integration and the launch of the online Janashakthi Heart Guard product.

Janashakthi Insurance PLC appointed Annika Senanayake as Chairperson, effective 1 January 2025.

Janashakthi Insurance Company PLC has appointed Annika Senanayake as Chairperson, effective 01 January 2025. She brings over 15 years' experience at IWS Holdings Group and prior roles including Independent Non-Executive Director at Sampath Bank, and is expected to provide strategic leadership for the company.

Janashakthi Life (Janashakthi Insurance) completed its Year 5 Shilpa Shakthi Scholarship Programme, providing scholarships and educational support to over 5,000 students across more than 50 schools in Colombo, Kandy, Matale and Hettipola.

SLT-MOBITEL launched December 2024 Seasonal Offers including a free 4G LTE postpaid connection worth Rs.1,000 and 25GB bonus data monthly for 12 months for existing Fibre/ADSL customers. The campaign (mobile offers extend into Jan 2025) also features device discounts up to 50%, security/storage bundles, roaming deals and prize giveaways including promotions tied to Janashakthi's Critical Illness Cover.

Janashakthi Life (Janashakthi Insurance Company PLC) says its 'Nidahas Adahas' youth art programme attracted 12,000 submissions and awarded cash prizes to winners. The company also exhibited top entries (top 100 per age category) at the Sri Lanka Foundation Institute and ran workshops for participants.

Janashakthi Insurance (Janashakthi Life) reopened its newly relocated Medawachchiya branch to enhance customer service accessibility. CEO Ravi Liyanage and Deputy CEO Niranjan Thangarajah attended the opening and reiterated the company's commitment to improving customer experience.

Janashakthi Life held a five-day awards trip to Thailand from 4 October, honoring more than 75 top performers with an awards ceremony and activities. The event marks the first time the company held the recognition trip abroad to reward and motivate staff.

Janashakthi Life (Janashakthi Insurance) held a five-day awards ceremony in Thailand starting 4 Oct 2024 to honour more than 75 top performers with international trips and team-building activities, marking the first time the company held the event abroad.

Janashakthi Limited (JXG.N0000) held a Breast Cancer Awareness Month webinar with Asiri Health in October 2024 to educate employees; the initiative was extended across group units including Janashakthi Insurance.

Janashakthi Insurance Company PLC (Janashakthi Life) opened a new branch in Matugama to expand its life insurance distribution and improve customer access.

Janashakthi Insurance Company PLC opened a new branch in Matugama to expand access to its life insurance products and customer services.

Janashakthi Life (Janashakthi Insurance Company PLC) reported 45% growth in gross written premiums and a 111% rise in other operating revenue in H1 2024. The insurer paid over Rs.2.2bn in claims, distributed Rs.3bn in dividends and saw market capitalisation rise 43% year‑on‑year.

Janashakthi Insurance Company PLC reported H1 2024 gross written premiums up 45% and other operating revenue up 111% year‑on‑year. The company also paid over LKR 2.2bn in claims, distributed LKR 3bn in dividends and saw market capitalisation rise 43%.