Janashakthi Life enters most stable league in company rating: A-

Janashakthi Insurance Director/CEO Ravi Liyanage and Chief Financial Officer Jude Shanmugam 

Janashakthi Life has been reassured confirming its governance, trust, stability and performance with the award of A- credit rating by Lanka Rating Agency. This independent recognition highlights the company’s strong financial position, commitment to transparency and long-term stability.

As Janashakthi Life proudly celebrates 31 years of operations during the month of September 2025, which is also the Insurance Month, this milestone comes at a pivotal time for the company. Having outpaced the industry as the fastest-growing insurer in Q1 2025 with a 49% growth in Gross Written Premium and having exceeded key industry benchmarks across First Year Premium, Long-term Business, Gross Written Premium, and New Business during the first half of the year, this recognition further underscores the insurer’s strong and sustained growth development.

The A- rating reflects Janashakthi Life’s robust governance framework, ensuring transparency, accountability, and adherence to industry best practices. Its professional management, guided by an experienced leadership team and well-defined processes, enables the company to navigate challenges effectively while pursuing sustainable growth. The company’s unwavering commitment to creating long-term value for policyholders and stakeholders underscores its focus on financial stability, customer-centric innovation, and ethical business conduct. Collectively, these factors reinforce Janashakthi Life’s resilience, positioning it as a trusted and responsible player in the insurance sector. The risk-based Capital Adequacy Ratio demonstrates strong organic capital generation, exceeding industry benchmarks without reliance on external support, and highlights the strength of the internal risk management framework and the company’s ability to sustain capital growth. In parallel, consistent investment yields continue to outperform industry norms, underscoring superior investment management capabilities. The improvement in leverage ratio further demonstrates enhanced financial discipline and sound risk management practices. Based on the current trajectory, Janashakthi Life is positioned within the next 2–3 quarters to achieve an expense ratio that places the company at the forefront of industry efficiency, reinforcing both our competitive pricing power and operational excellence.

Janashakthi Insurance PLC Director/CEO Ravi Liyanage commented on the achievement, stating, “Janashakthi Life’s robust foundations are reaffirmed by this strong credit rating. It is an acknowledgement of our steadfast dedication to transparency, stability and customer trust, ensuring our policyholders that their policy benefits are secure in the long run due to our long-term focus to deliver on our every promise in protecting our policyholders and their family’s future. This milestone is a celebration of our journey as a homegrown brand and a testament to the continued faith that our customers have in us.”

Adding to this, Janashakthi Insurance PLC Chief Financial Officer Jude Shanmugam stated, “Our strong financial management procedures and ability to withstand a challenging operating environment are reflected in our A-rating. It strengthens stakeholder trust in the company’s capacity to fulfill its commitments and justifies our approach of promoting sustainable growth. Further, Janashakthi Life, recorded strong results for Q2 YTD 2025, continuing its growth momentum. First-year premiums grew by 61% year-on-year, reflecting agility in a challenging economic climate. Regular long-term business rose by 32%, strengthening long-term customer value and steady income streams. Gross Written Premiums (GWP) increased 27% to Rs. 3,769 million, positioning the company as a sector outperformer. Net profit surged 70% to Rs. 1,318 million from Rs. 777 million last year, while total assets climbed to Rs. 40 billion by end-June 2025, reinforcing its solid financial base and growth capacity.

The A- rating reflects not only Janashakthi Life’s robust financial performance but also the dedication of its team, whose efforts have reinforced the company’s position as one of Sri Lanka’s most trusted life insurers. As Janashakthi Life marches its three-decade journey, the company remains committed to building long-term value by staying true to its core values integrity, collaboration, respect, performance driven and innovation.