Janashakthi Life recorded 49% year-on-year increase in Gross Written Premiums (GWP) for Q1 2025, totaling Rs. 1,830 million — up from Rs. 1,231 million in Q1 2024. The company’s strong top-line growth reflects its strategic focus on customer acquisition, market expansion, and product innovation.
Regular First Year Premium (FYP) grew by a 86% over last year demonstrating its ability to attract a broader customer base.
Similarly, the New Business Premiums also surged by 78%, underscoring Janashakthi Life’s growing market share. The company’s total assets rose to Rs. 38,849 million as of March 31, 2025, a 3% increase from the previous year.The net profit for the quarter stood at Rs. 292 million after tax. Janashakthi Life also paid out Rs. 782 million in claims and benefits during the quarter, further strengthening its position as a reliable partner for policyholders. Director/CEO of Janashakthi Insurance PLC, Ravi Liyanage said, “We are proud to report another quarter of exceptional topline growth and standing tall in the Life insurance industry as the fastest growing life insurer during the period under review. Major drivers of this growth is the enhancement of well-articulated distribution strategy together with the careful selection of product mix to serve emerging consumer needs. Innovation, digitalisation and robust performance management have also been significant areas of focus. Company is well poised to deploy its aggressive market acquisition strategy to stay ahead of competition carving out not only traditional market segments but also brand would diffuse its presence to a larger audience identified and defined for its immediate future.
Janashakthi Life remains committed to expanding its market presence, investing in innovation, and delivering customer-centric insurance solutions that align with its mission to empower lives and secure futures. 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 over a span of over 30 years.
