Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Latest topics
» Market Coming down & Does any one predict when it's ok
Today at 11:15 pm by Fairtrade

» AAF rapid expansion
Today at 11:14 pm by surenme

» MADU- keep on eye
Today at 11:11 pm by hariesha

» CABO...............!!!!!!!!!!
Today at 11:10 pm by Fairtrade

» CHICKEN RUN AND BUDGET....
Today at 11:06 pm by stockback

» CFL price ??????
Today at 11:04 pm by Fairtrade

» Dialog will acquire Etisalate
Today at 10:48 pm by fff4sl

» Nifl hold or sell?
Today at 10:17 pm by Jana

» Sri Lanka's Bankrupted Personalities still living high amidst Companies go Bankrupt, and Shareholders, Creditors lost 'Big Time'!
Today at 10:15 pm by StockGuru

» Singer Sri Lanka may sell Regnis Lanka to Softlogic for 1.5 times above Net Asset Value
Today at 9:56 pm by StockGuru

» AAF special?
Today at 9:55 pm by piras

» Weekly change in Foreign Holding of Shares, Foreigners collecting LIOC,RICH,SAMP,LMF,HNB,TKYO
Today at 9:52 pm by StockGuru

» 17th October 2014 Net Foreign Sales & Purchases
Today at 9:33 pm by investorsl

» Nifl hold or sell?
Today at 9:17 pm by dextor

» Asia Asset Finance
Today at 9:14 pm by sampath.anuradha

» AAF.N Mandatory offer announced
Today at 9:12 pm by sampath.anuradha

» MADU Ready for bull
Today at 8:41 pm by Nuwan Samarawickrama

» Gainer - what happen to your CFVF dividend
Today at 8:39 pm by IO3+O

» IS TKYO.N/TKYO.X COMING DOWN?
Today at 8:18 pm by fernando123op

» DON'T SELL NIFL YET
Today at 8:03 pm by thankrishan

» CALF, SFIN, CFL
Today at 7:45 pm by indi009

» CSE XD DATE AGM & PAYMENT ANNOUNCEMENTS
Today at 7:22 pm by kabba

» Trinco Port to become industrial harbour
Today at 7:03 pm by RPPA

» Glass Report Out.
Today at 7:01 pm by stockback

» Any Idea About MAL
Today at 6:55 pm by ranferdi

» Shaining Glasss............GLAS.N0000`N
Today at 6:51 pm by stockback

» Technical Analytics & Charts
Today at 6:49 pm by SHARK aka TAH

» CFVF AND CSEC......???
Today at 5:57 pm by kuma524

» CFL after the Announcement
Today at 5:43 pm by stocker

» BANSEI ROYAL RESORTS HIKKADUWA - CORPORATE DISCLOSURE
Today at 4:48 pm by sudheeee

» Textile run near future
Today at 4:31 pm by omegaplus

» CDB.X and CDB.N
Today at 4:29 pm by chapt

» How to Invest in a Bull Market
Today at 4:18 pm by piras

» Friends any news about greg N ,greg W
Today at 4:16 pm by IO3+O

» AEL over 10% stake eyed by China Merchants Holdings
Today at 4:00 pm by StockGuru

» Did UNP National Organizer Daya Gamage's Bimputh Lanka bought UNP Assistant Leader Ravi Karunanayake's Proxy account shares in Sinhaputhra Deal?
Today at 3:58 pm by StockGuru

» Will CFVF Declare a Dividend Next week?
Today at 3:58 pm by Nuwan Samarawickrama

» COMD moving BIG seller escape
Today at 3:56 pm by Jana

» Pivot Points ASI & S&PSL20-Tribute to Zoozzoo
Today at 3:54 pm by SHARK aka TAH

» Tomorrow UBC.N0000?
Today at 3:43 pm by chapt

» why vpel is silent yet?
Today at 3:34 pm by SHARK aka TAH

» WHAT WILL HAPPEN TO COCR? Pls Help me.............................
Today at 2:24 pm by Lahiru08

» DON'T HOLD ON TO ALUF
Today at 2:20 pm by RPPA

» Thailand Plans Aid to Rubber Farmers as Prices Fall
Today at 2:03 pm by jonny

» WHY CALF.N000
Today at 2:02 pm by piras

» Any comments on Lucky Lanka Milk Processing Company LtdLLMP.N0000:CSE
Today at 1:57 pm by Mahawawtta

» CALF ONLY FOR DAY TRADING
Today at 1:56 pm by Nuwan Samarawickrama

» To RPPA with greetings
Today at 1:47 pm by jonny

» BOND RATES DWN BY 0.25%
Today at 1:43 pm by RPPA

» LIOC 47/- CHANCE
Today at 1:37 pm by RPPA

» Greg & TAP
Today at 1:25 pm by RPPA

» VFIN to move now
Today at 1:09 pm by kabba

» Good News for #VPEL and other hydro-power companies!
Today at 1:06 pm by Sarabulathwita

» A FEW GOLDEN RULES FOR NEWBIES
Today at 1:05 pm by Ernie Tissera

» CSD.N0000..
Today at 1:00 pm by dow

» Now Don't miss the train for these stocks:Madu Bfl Tafl Gran Mprh Udpl Bala Tpl Mask Bopl cars hari Soy Rcl Cera Shl flch rwsl Sfl Elpl Hopl
Today at 12:50 pm by thankrishan

» JINS.N0000
Today at 12:46 pm by Nuwan Samarawickrama

» NIFL.0000 Buying Presure Again
Today at 12:40 pm by Nuwan Samarawickrama

» WHAT ABOUT RHICH.N000
Today at 12:35 pm by sampath.anuradha

» IS UML UNDERVALUED ....
Today at 12:24 pm by suku502

» COLO HELP ....
Today at 12:16 pm by suku502

» ODEL SHARE PRICE WILL MOVE
Today at 11:42 am by RPPA

» Rubber prices to bottom out in 6-12 months-Olam CEO
Today at 11:02 am by VALUEPICK

» world markets up again
Today at 11:00 am by VALUEPICK

» Who are these 5 Hidden Members?
Today at 10:56 am by zoozzoo

» SFIN තව ඉහල යයිද?
Today at 10:56 am by jsamarasinghe

» Emerging markets guru Mobius upbeat over Sri Lanka
Today at 10:46 am by VALUEPICK

» CFL target price??????????
Today at 10:35 am by sampath.anuradha

» HPFL and MEL
Today at 10:21 am by IO3+O

» ALUF Financials out....
Today at 10:19 am by OzTRADER

» Jana CFL thx
Today at 10:13 am by Wessa123

» BLUE Oppertunity
Today at 9:52 am by sureshot

» BIL.N0000 is it worth holding?
Today at 9:27 am by Wessa123

» Take advantage of low labour costs
Today at 8:58 am by SHARK aka TAH

» LIOC . good to buy
Today at 8:48 am by CSE1

» CFVF – Review 30.09.2014 Financials & Target Price
Today at 8:41 am by NZ BOY

» Experts, wthat do you think about CFVF...?
Today at 8:08 am by shadow walker

» SFS & AFSL & SFIN Why they not comply with centeral Bank program
Today at 6:36 am by Leonard

» SHL any Idea any one
Today at 12:02 am by fireshelter

» CHOU Last Friday Huge Collection
Yesterday at 11:56 pm by fireshelter

» TODAY I AM 1 MONTH OLD TO THE FORUM (RPPA)
Yesterday at 11:53 pm by RPPA

» First capital holdings
Yesterday at 11:19 pm by dineshfernando

» COMD coming down ?
Yesterday at 11:08 pm by RPPA

» Is it worth UBC.N0000?
Yesterday at 10:44 pm by SM2014

» STOCK MARKET POEMS AND KAVI
Yesterday at 10:37 pm by Roboticfx

» 2015 Budget Vehicle Tax?
Yesterday at 10:34 pm by stockback

» Jana ,Gainer & N Z Boy What is next REEF or GSF
Yesterday at 10:31 pm by gayanath1983

» For those who wants to know :-)
Yesterday at 10:25 pm by gayanath1983

» CFVF....EPS more than6 in this quarter..
Yesterday at 10:18 pm by gayanath1983

» අපි ඒෂීයා සෙකුරිටිස් මිලදි ගත්තා- York Street Partners හා Dumith Fernando සේවකයින් අමතමින් කියයි
Yesterday at 10:04 pm by m2_yapa

» mandatory offer..
Yesterday at 9:32 pm by gayanath1983

» Mandatory Offers
Yesterday at 9:10 pm by gayanath1983

» Future Investment
Yesterday at 8:54 pm by gayanath1983

» What is the best share out of MADU.N0000, MASK.N0000 & UDPL.N0000
Yesterday at 6:14 pm by CSE1

» WHY ODEL SHOULD GO UP
Yesterday at 6:02 pm by RPPA

» We Expected Big rally of below counters but still silent
Yesterday at 6:02 pm by CARACALLA

» HOPL or MADU????
Yesterday at 5:41 pm by Bolinger

» BRWN - loss making to profit ???????
Yesterday at 5:20 pm by fernando123op

» CFVF one of the best companies to hold for the next 6 months
Yesterday at 5:04 pm by RPPA

Ask ORACLE Before you Buy or Sell Shares!
Ask ORACLE
Virtual Stock Market Game
Virtual Stock Market Game - Vstox
Entertainment
Sri Lanka Equity - Entertainment
Poll

What would be the highest ASI point during 2014?

 
 
 
 
 

View results

Forum Rules & Guidelines
Sri Lanka Equity Analytic
Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.


Janashakthi, 2011 1H’s “most profitable” from among all quoted insurance companies.

Post new topic   Reply to topic

View previous topic View next topic Go down

Janashakthi, 2011 1H’s “most profitable” from among all quoted insurance companies.

Post by DJ solo on Wed Sep 14, 2011 6:45 pm


Records a growth of 93% PAT


Colombo. Tuesday 30 August 2011. Recording a Profit after Tax of Rs. 280 Mn for 1H 2011, Janashakthi Insurance PLC (JIPLC) became the most profitable insurer from among all quoted insurance companies in Sri Lanka. This is a growth of 93% in comparison to a profit after tax of Rs.145 Mn in 2010 in the same period and is considered a remarkable achievement given the nature of the industry which has 19 players competing.


Prakash Schaffter, Managing Director of JICPLC said, “Despite aggressive competition in Sri Lanka’s insurance industry and with such a large number of players, we are proud to record the highest profit quantum”.


Schaffter attributed this achievement to the Company’s strategy of focusing on the bottom line while offering a wide array of insurance products and services with unmatched benefits to policyholders, coupled with exceptional service standards. “This enabled us to retain our existing customers together with timely settlement of claims which amounted to over Rs. 1.4 Bn during the first half of 2011”, he added.


The Company showed a consolidated GWP growth of 23%. Janashakthi’s Motor Gross Written Premium (GWP) amounted to Rs. 1.7 Bn which is an increase of 18% over the 2010 first half of Rs. 1.5 Bn while the Life GWP amounted to Rs. 869 Mn. which is an increase of 23% over the 2010 first half of Rs. 707 Mn. The Non Motor GWP amounted to Rs. 736 Mn which is an increase of 39% over the 2010 first half of Rs. 531 Mn.


“Our proven track record has helped us gain the confidence of the general public. We have the highest stated capital among Public Quoted Insurance Companies, amounting to over Rs. 1.49 Bn. This is over 7.5 times the statutory requirement. We’re also backed by a rapidly accumulated asset base of over Rs. 12 Bn of which Rs. 4.1 Bn is in government securities. We also enjoy an extensive island wide branch network of over 100”, Schaffter added.


Said Paddy Weerasekera, Head of Marketing, “During 2011, our primary focus is to extend the benefits of our flagship brands such as Janashakthi Full Option, Janashakthi Life Unlimited, Janashakthi Awaranaya. Added to this will also be a number of innovative products in keeping with the current economic and consumer preferences. In fact we will further enhance the deployment of technology to enable faster service delivery and to empower our sales force to serve our customers better”.


DJ solo
Equity Analytic
Equity Analytic

Posts: 48
Points: 1222
Reputation: 3
Join date: 2011-08-14
Age: 27
Location: London

Back to top Go down

Re: Janashakthi, 2011 1H’s “most profitable” from among all quoted insurance companies.

Post by dragz on Thu Sep 15, 2011 1:23 pm

the share is still 15.60

dragz
Senior Equity Analytic
Senior Equity Analytic

Posts: 70
Points: 1328
Reputation: 1
Join date: 2011-05-31
Age: 24

Back to top Go down

View previous topic View next topic Back to top


Permissions in this forum:
You cannot reply to topics in this forum