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
» Seylan Bank PAT grows 21% – exceeds Rs 1.2 billion during 1H 2014
Today at 7:28 am by kabba

» Story of Otara Gunawardena - ODEL
Today at 12:31 am by Market R

» Invest in NTB or SEYB ?
Today at 12:12 am by stocksira

» Technical Analytics & Charts
Today at 12:07 am by kabba

» Best single share to buy for mid - long term (6 month - 1 yrs)
Yesterday at 11:44 pm by Top Trader

» CSE XD DATE AGM & PAYMENT ANNOUNCEMENTS
Yesterday at 11:37 pm by kabba

» I want to know about UBC
Yesterday at 11:37 pm by Runnerx

» The following may publish healthy June quarter result
Yesterday at 11:35 pm by Top Trader

» COCR target price???
Yesterday at 11:34 pm by Top Trader

» singalanka
Yesterday at 11:33 pm by Top Trader

» CIFL deal is confirmed
Yesterday at 11:18 pm by Top Trader

» Danno dinanno...........
Yesterday at 11:16 pm by SHARK

» SFL to takeover at 175
Yesterday at 9:31 pm by Market Sucker

» SFL P to converted?
Yesterday at 9:29 pm by Market Sucker

» Monday YORK will touch 18
Yesterday at 8:57 pm by Top Trader

» Can WATA.N0000 reach 20+
Yesterday at 8:56 pm by chathu55

» CLPL financial report profits up
Yesterday at 8:32 pm by Top Trader

» JOHN KEELLS HOTELS PLC
Yesterday at 8:29 pm by Lalindra

» CLPL 00W13?
Yesterday at 8:29 pm by Top Trader

» Another run from big banks.
Yesterday at 8:21 pm by Market R

» Commercia credit
Yesterday at 6:16 pm by Runnerx

» PABC profit 175m 6 month
Yesterday at 5:20 pm by dilruk raja

» Snap Shot of My Share Portfolio
Yesterday at 5:07 pm by stevenapple

» any comment ... BIL Right Issue
Yesterday at 4:13 pm by skyfall

» PEG HOTEL - NEED YOUR ADVICE
Yesterday at 3:38 pm by kethees

» GOT 100% GAIN FROM CLPL.W0013
Yesterday at 3:12 pm by newguy

» keep an Eye on COCO.
Yesterday at 2:32 pm by sumudu.kumarasinghe

» Possitive news for Bogala Graphite
Yesterday at 2:26 pm by lux2014

» Today belongs to CIFL
Yesterday at 2:20 pm by troy

» SHL (Softlogic Holdings): Hidden Value
Yesterday at 1:53 pm by A2Z

» Keep eye on CHOT
Yesterday at 1:45 pm by skyfall

» What's happening with PALM?
Yesterday at 1:37 pm by skyfall

» CLPL.W only 5 million shares in the market nearly 80% some one bought
Yesterday at 1:10 pm by Niroshana1982

» What are the good banking stocks
Yesterday at 12:34 pm by VALUEPICK

» BFL not moving ??????
Yesterday at 12:32 pm by VALUEPICK

» TFIL Rumours or fact ?
Yesterday at 12:28 pm by Aubrey Perera

» Plantation stocks to watch out for
Yesterday at 12:14 pm by VALUEPICK

» Court orders Touchwood to submit documents by August 7 .
Yesterday at 11:47 am by SHARK

» Sri Lanka to host Global Rubber Conference 2014
Yesterday at 11:40 am by Market R

» TJL what is happening???
Yesterday at 11:38 am by lux2014

» High Risk Shares
Yesterday at 10:32 am by Invest_Wisely

» What will happen to CLPL N
Yesterday at 10:29 am by Niroshana1982

» Oscillators
Yesterday at 10:07 am by Pethi

» Colombo Fort Land & Building (CFLB)
Yesterday at 9:28 am by Invest_Wisely

» Hikkaduwa Beach Resort (CITH) & Commercial Development (COMD)
Yesterday at 9:21 am by Invest_Wisely

» Help with CLPL W13
Yesterday at 9:20 am by NZ BOY

» ELPITIYA PLANTATIONS, JOHN KEELLS HOTELS - DIVIDEND ANNOUNCEMENTS
Yesterday at 9:19 am by piyalpy

» Ceylon Investment (CINV)
Yesterday at 9:15 am by Invest_Wisely

» Good news for LIOC
Yesterday at 9:13 am by dineshfernando

» PABC and SEYLAN 30.06.2014
Yesterday at 8:44 am by WildBear

» NDB-DFCC merger should not leave stakeholders feeling stressed
Yesterday at 6:45 am by Harry82

» Stock market stays firm with 15% YTD return, Rs. 11 b net inflows
Yesterday at 6:41 am by dhanurrox

» Cheers everyone!
Yesterday at 4:16 am by Gintonic

» Getting Started In Stocks
Yesterday at 3:38 am by SHARK

» What happent to UBC!
Yesterday at 2:26 am by Eng Krishantha

» PCHH...........
Yesterday at 1:44 am by Eng Krishantha

» Sri Lanka's Union Assurance to sell general insurance to Canada firm
Yesterday at 1:30 am by Market R

» I WILL NOT EAT LUCKY YOGURT AGAIN
Thu Jul 31, 2014 11:09 pm by ddrperera

» Tomorrow is a LUCKY Day..........?
Thu Jul 31, 2014 10:43 pm by cse1981

» free lanka capital
Thu Jul 31, 2014 10:18 pm by lakmal87

» What do uu think about KHC...?
Thu Jul 31, 2014 9:58 pm by m.merlock

» About..SFL preference share.
Thu Jul 31, 2014 8:50 pm by keeper

» watch out SFS
Thu Jul 31, 2014 8:43 pm by hasarel

» CSD Future
Thu Jul 31, 2014 8:29 pm by indi009

» Good to collect Adam?
Thu Jul 31, 2014 8:27 pm by Runnerx

» WHY IS CHANGE NEEDED ?
Thu Jul 31, 2014 6:48 pm by cse1981

» Announcement - Best Contributor of The Month
Thu Jul 31, 2014 5:27 pm by yellow knife

» CSE SMS Media Release
Thu Jul 31, 2014 4:17 pm by SHARK

» VIFIN going to touch 50
Thu Jul 31, 2014 4:03 pm by Harry82

» JANASHAKTHI INSURANCE PLC
Thu Jul 31, 2014 3:55 pm by kethees

» ELPL moving slowly
Thu Jul 31, 2014 3:26 pm by Market R

» Rumors going on following stocks
Thu Jul 31, 2014 3:25 pm by gamaya

» Any Dividend Announcements?
Thu Jul 31, 2014 3:25 pm by Market R

» CFLB,KAPI and YORK rally will start soon
Thu Jul 31, 2014 3:15 pm by MoneyTree

» New Breed of Members are Online!!
Thu Jul 31, 2014 3:15 pm by SHARK

» Well Come Romen Regins WWE Champ :D
Thu Jul 31, 2014 2:41 pm by NZ BOY

» Ready to sux SFL
Thu Jul 31, 2014 2:35 pm by UAEBOY

» Last Day - help me
Thu Jul 31, 2014 2:33 pm by shadow walker

» Lucky Lanka Milk Processing Company Limited
Thu Jul 31, 2014 1:42 pm by Market R

» SWADESHI INDUSTRIAL, RAIGAM WAYAMBA - DIVIDEND ANNOUNCEMENTS
Thu Jul 31, 2014 1:28 pm by keeper

» CLPL W13 CONVERSION
Thu Jul 31, 2014 12:58 pm by Sanji11

» IMF warns sri lanka
Thu Jul 31, 2014 11:40 am by stevenapple

» HOPL run is close.
Thu Jul 31, 2014 11:31 am by cse1981

» VONE the ONE
Thu Jul 31, 2014 11:22 am by Pethi

» DPL may rock
Thu Jul 31, 2014 11:08 am by CARACALLA

» What do you think about TFIL
Thu Jul 31, 2014 10:44 am by Aubrey Perera

» Massive Growth on Watawala Plantations - WATA
Thu Jul 31, 2014 10:29 am by Market R

» Orient Finance PLC - Profit up 102 %
Thu Jul 31, 2014 9:49 am by Harry82

» TKYO, HHL, TJL, LIOC soon - quarterly reports out soon!
Thu Jul 31, 2014 9:23 am by hettdas

» The Best 5 Shares to Buy
Thu Jul 31, 2014 9:11 am by shadow walker

» E-STATEMENT SERVICE TO CDS ACCOUNT HOLDERS
Thu Jul 31, 2014 8:56 am by VISA

» 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera
Thu Jul 31, 2014 6:43 am by shadow walker

» Asia Capital to lose Park Street Hotel property management from December 2014
Thu Jul 31, 2014 3:18 am by StockGuru

» I'm new here
Thu Jul 31, 2014 12:35 am by Eng Krishantha

» CHOT at Rs14.10
Thu Jul 31, 2014 12:15 am by Eng Krishantha

» Orient Finance PLC has achieved another milestone by surpassing the Rs. 2 billion
Thu Jul 31, 2014 12:13 am by Eng Krishantha

» JOHN KEELLS HOLDINGS PLC
Thu Jul 31, 2014 12:10 am by Eng Krishantha

» Probable Share Holding Structure of PCHH
Wed Jul 30, 2014 11:57 pm by Eng Krishantha

» how is mbsl ?
Wed Jul 30, 2014 11:39 pm by Eng Krishantha

Virtual Stock Market Game
Virtual Stock Market Game - Vstox
Entertainment
Sri Lanka Equity - Entertainment
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.

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: 1143
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: 1249
Reputation: 1
Join date: 2011-05-31
Age: 23

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

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