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
» Welcome our New Members!
Today at 7:21 am by stevenapple

» MULL.N0000
Today at 7:20 am by lux2014

» Gentlemen in the picture
Today at 7:15 am by stevenapple

» why private message disable?
Today at 6:58 am by stevenapple

» BLI bought 25.5% of SFL at 275.00
Today at 6:26 am by Top Trader

» Currently my stock lot
Today at 6:00 am by Balanced_Views

Today at 5:50 am by sungnyon

» Financial instruments such as BG,SBLC specifically for lease
Today at 5:48 am by sungnyon

»  CSE - Percentage wise Top 20 Gainers and Losers in August 2014 & YTD CSE - Percentage wise Top 20 Gainers and Losers in August 2014 & YTD
Today at 5:09 am by Market R

» GREG situation
Today at 3:12 am by dougieboy

» COMD Deal @ 150/= by COMB -(Rumor)
Today at 2:06 am by Jana

Today at 1:19 am by rangananwr

Today at 1:08 am by rangananwr

» LIOC up??????
Today at 1:02 am by Eng Krishantha

» LIOC research report 26th Aug 2014
Today at 12:57 am by rangananwr

» Most Undervalued Finance Share is SFIN with current market price
Today at 12:53 am by rangananwr

» CFVF... buy this is the time
Today at 12:50 am by rangananwr

» First CFVF.N000 second NTB.N000 and PLC.N000 then third OSEA.N000
Today at 12:49 am by Eng Krishantha

» Financial Report about COLO (last Quarter)
Today at 12:48 am by Eng Krishantha

» Need Some Advice for My Shares / BRWN.N0000 & REEF.W0019
Today at 12:43 am by Eng Krishantha

» SFL to takeover at 175
Today at 12:23 am by ccsentha

» COLO Trend
Today at 12:19 am by Eng Krishantha

» who red GREG annual report 13/14
Yesterday at 11:51 pm by SM2014

Yesterday at 11:50 pm by player

» Be careful with GREG.W006
Yesterday at 11:45 pm by dow

» Current accout
Yesterday at 11:29 pm by Market R

» LGL has any good news???
Yesterday at 11:00 pm by rangananwr

» Rumors going greg and tap ready to rock
Yesterday at 10:54 pm by sampath.anuradha

» Super September Super Star CFVF......
Yesterday at 10:35 pm by rangananwr

» GIH Capital Weekly Report
Yesterday at 10:25 pm by CSE.SAS

» GIH Capital Daily Report
Yesterday at 9:50 pm by CSE.SAS

» Technical Analytics & Charts
Yesterday at 7:47 pm by NC

» rich n how you think about this share
Yesterday at 7:43 pm by mjrocker

» Mandatory offer for SDB @ 180-200
Yesterday at 7:29 pm by player

» SFL.N today went up 222 and SFL.P trading 64 which one is good for buy ?
Yesterday at 7:05 pm by WWE

» CITK trades
Yesterday at 6:40 pm by monash

» GIH Capital Daily Alert
Yesterday at 6:28 pm by fawaz4sl

» Best finance company at current market condition?
Yesterday at 6:24 pm by Market R

» HUNA (Hunnasfalls). Trading at huge discount.
Yesterday at 5:53 pm by skyfall

» GREG W & REEF W will go up
Yesterday at 5:43 pm by raezor

» TJL Buying pressure start......
Yesterday at 5:41 pm by raezor

» HVA.N0000 buy or sell ??
Yesterday at 4:30 pm by windi5

» Hapugastenne Plantation (HAPU)
Yesterday at 4:16 pm by MARKETWATCH2

» Watch Seylan Bank Normal Share
Yesterday at 2:37 pm by shadow walker

» Conflict of Interest in Laugfs Gas Chairman and Export Development Board Deals?
Yesterday at 1:49 pm by DealKing

Yesterday at 1:28 pm by kethees

» TOUCHWOOD INVESTMENTS - Assets & Liabilities
Yesterday at 1:22 pm by aliasjjj

» Will ASI fall below 7000 again?
Yesterday at 1:11 pm by Akalanka

» Whats happening on AAF
Yesterday at 12:58 pm by Aubrey Perera

Yesterday at 12:57 pm by stockback

» ලාෆ් ගෑස් තමන්ටම නෞකාවක් මිළ දී ගනියි
Yesterday at 12:29 pm by Gune Malli

» look alhp.n
Yesterday at 12:12 pm by karuna

» Financial Instruments Available For Lease
Yesterday at 12:08 pm by kang64

» May I keep or sell GREG.N0000
Yesterday at 12:05 pm by nickjava

» COCO.N0000........
Yesterday at 11:16 am by nickjava

» ETWO -61 EQIT-???????
Yesterday at 11:07 am by k9

» who knows ASCO
Yesterday at 10:13 am by sampath.anuradha

» Cinnamon Red – ‘the pioneering lean luxury hotel in Sri Lanka’
Yesterday at 9:28 am by Market R

» Your Views
Yesterday at 9:27 am by dougieboy

» Will Glass shine on Monday?
Yesterday at 9:26 am by Sarabulathwita

» Help with PF
Yesterday at 9:24 am by Market R

» GREG N !!!!
Yesterday at 9:20 am by Sarabulathwita

Yesterday at 8:58 am by gayanath1983

» UBC.N000 (Union Bank)
Yesterday at 8:58 am by Sarabulathwita

Yesterday at 8:36 am by piyalpy

» what is most under valued in each sector ?
Yesterday at 7:34 am by stockboy

» Laugfs to exit financial services with good capital gain
Yesterday at 7:06 am by nickjava

» is HNB-x undervalue?
Yesterday at 7:02 am by nickjava

» LGL LKR 900 million Acquisition
Yesterday at 6:57 am by nickjava

» will TYRE get benifited from decreasing Rubber price?
Yesterday at 6:53 am by Balanced_Views

» HVA second run will begin today...........
Yesterday at 6:30 am by stevenapple

» Attn: Mr. Shark, Sstar, Stevan Apple....
Yesterday at 6:00 am by stevenapple

» why there doesn't seem any interest in SFL?
Yesterday at 12:10 am by AAABoy

» Current situation In srilanaka.......
Mon Sep 01, 2014 11:28 pm by kcrRanz

» AGST What 's the news any one knows about that
Mon Sep 01, 2014 11:06 pm by Dr Stock

» Welcome New Admins, Co-Admins and Moderators
Mon Sep 01, 2014 11:03 pm by SHARK

» What do you think about COLO.N
Mon Sep 01, 2014 10:55 pm by shadow walker

» GREG Warrant Ganna Epaaaaaaaaaaaaaaa
Mon Sep 01, 2014 10:46 pm by Sarabulathwita

» GLASS Chart by NC
Mon Sep 01, 2014 10:40 pm by Sarabulathwita

» ECL can move up?
Mon Sep 01, 2014 10:36 pm by Dr Stock

» SDB.NOOO Any news ?
Mon Sep 01, 2014 10:32 pm by Dr Stock

» CFVF movment of this week
Mon Sep 01, 2014 10:10 pm by rangananwr

» Stepping Down as Co-Admin
Mon Sep 01, 2014 9:53 pm by Luqmaans azam

» Final chance to get out from the market ?
Mon Sep 01, 2014 8:47 pm by stoka

» GLAS.N .......
Mon Sep 01, 2014 6:42 pm by NC

» Why are we trying so hard to kill the market again?
Mon Sep 01, 2014 5:56 pm by Lalindra

» Will OSEA Hit Rs 30/- In Coming Days ?
Mon Sep 01, 2014 5:55 pm by bandulawee

» No Right Issue for MTD Walkers (KAPI)
Mon Sep 01, 2014 5:20 pm by SupunD

» TJL entering at the current price..
Mon Sep 01, 2014 5:10 pm by Balanced_Views

» TPG strikes biggest Sri Lanka buyout deal with $113 mln Union Bank buy
Mon Sep 01, 2014 5:01 pm by kuma524

» Super September in 2014?
Mon Sep 01, 2014 3:12 pm by nickjava

»  Dividend Records - 2013
Mon Sep 01, 2014 3:07 pm by AAABoy

Mon Sep 01, 2014 2:21 pm by AAABoy

» Dividends in 2013
Mon Sep 01, 2014 1:56 pm by nickjava

Mon Sep 01, 2014 1:23 pm by sanju351

» Pegasus hotel - Will it reach Rs 55
Mon Sep 01, 2014 1:08 pm by kethees

» CFLB.N000...........
Mon Sep 01, 2014 1:08 pm by kcrRanz

» Glass over value?
Mon Sep 01, 2014 1:03 pm by ASjay

» TFIL - Major Acquisition Target?
Mon Sep 01, 2014 12:45 pm by Aubrey Perera

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

What would be the highest ASI point during 2014?


View results

Forum Rules & Guidelines
Sri Lanka Equity Analytic

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. 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, 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: 1175
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

Senior Equity Analytic
Senior Equity Analytic

Posts: 70
Points: 1281
Reputation: 1
Join date: 2011-05-31
Age: 24

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