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» what is the meaning of hexp and what i said
by hiransilva23 Yesterday at 11:39 pm

» HEXP Dumping Dont buy
by stockback Yesterday at 11:30 pm

» Stock less than 10/= with next run?
by pfxavier Yesterday at 11:30 pm

» HEXP Should Pass 75+++++++ With in Few Days
by hiransilva23 Yesterday at 10:18 pm

» Sri Lanka foreign reserves USD6.4 bln in July: CB official
by worthiness Yesterday at 9:53 pm

» නිත්‍ය තැන්පතු පහසුකම් අනුපාතිකය (SDFR) 7% දක්වා සහ නිත්‍ය ණය පහසුකම් අනුපාතිකය (SLFR) 8.5% දක්වා පදනම් අංක 50 බැගින් ඉහළ නැංවීමට මුදල් මණ්ඩලය ඊයේ (28) සිට පියවර ගන්නා ලදී.
by worthiness Yesterday at 9:47 pm

» Teller when will the HEXP reach Rs 130 or 150
by hiransilva23 Yesterday at 9:46 pm

» Aiyo HEXP Game Over its very risk now profit more than 80%
by Teller Yesterday at 8:56 pm

» HEXP With Huge Expectation
by Teller Yesterday at 8:49 pm

» AFSL can be a gem..
by antony thomaspulle Yesterday at 7:46 pm

by Shammi Dharshana Yesterday at 7:39 pm

» පෝට්සිටි අවසන් තීන්දුව ලබන අඟහරුවාදා
by fireshelter Yesterday at 5:11 pm

» HEXP view of
by Miss-Sangeetha Yesterday at 3:58 pm

» Why Stocks Move in Stock Markets
by hiransilva23 Yesterday at 2:35 pm

» Stock Market Quotes
by agrawalmadhuri154 Yesterday at 12:46 pm

» Nation Lanka Finance PLC - Growing with stability
by NZ BOY Yesterday at 10:38 am

» AAF finacials
by TARGET Yesterday at 10:28 am

» Make Over 200% Profit In Forex Monthly Plus Other Ways Of Making Money
by devinda Yesterday at 10:28 am

» “මහ බැංකුව හරියට වෛද්‍යවරයෙක් වගෙයි. රෝගියාට අවශ්‍ය වන්නේ රෝගය කලින් හඳුනාගනෙ ඊට ප්‍රතිකාර යෙදීමයි
by sampath.anuradha Yesterday at 10:04 am

» Market Update as at 29th July 16
by nimantha80 Yesterday at 8:53 am

» Tokyo journey...
by eco Yesterday at 8:52 am

» Financial reports.Q2-2016
by sanjulanka Yesterday at 5:55 am

» HEXP 130-150 + journey confirmed.
by Teller Yesterday at 12:12 am

» Construction shares booming.
by Chinwi Fri Jul 29, 2016 10:47 pm

» foreign flow for this week ended 29th July
by vic19 Fri Jul 29, 2016 10:19 pm

» Regarding HEXP
by trader7 Fri Jul 29, 2016 9:27 pm

» STAF.N0000 will give you a handsome return in the coming weeks
by Teller Fri Jul 29, 2016 8:27 pm

» Market Ready for Mega Bull run
by Mubin Mustafa Fri Jul 29, 2016 4:19 pm

» UBC 20 + very soon
by Mubin Mustafa Fri Jul 29, 2016 4:11 pm

» කොටස් වෙළෙඳ පොළේ පහළ වැටීමට වගකිව යුත්තේ කවුද?
by nimantha80 Fri Jul 29, 2016 12:21 pm

» CSE Publisher පාඨමාලා
by saliya1000 Fri Jul 29, 2016 11:41 am

» Forex trading through Binary Option
by kumara1126 Fri Jul 29, 2016 11:21 am

» JKH KING reported better results
by NZ BOY Fri Jul 29, 2016 11:09 am

» Valuable Small Capital Shares HEXP , ALUF ,ASCOT, CHOU
by Gainer Fri Jul 29, 2016 11:06 am

» CHOU Cash in Bank 91 Million and This per Share Cash 7.00+
by Gainer Fri Jul 29, 2016 11:02 am

» Any update on CB rates?
by EquityChamp Fri Jul 29, 2016 10:49 am

» Foreign Buying CSF Continuously
by troy Fri Jul 29, 2016 10:34 am

» TOKYO Cement
by EquityChamp Fri Jul 29, 2016 10:31 am

» Capital Trust lose its top position in JKH Warrants
by Chinwi Fri Jul 29, 2016 10:02 am

» Sri Lanka Central Bank Governor Dr. Indrajit Coomaraswamy is scheduled to visit the Colombo Stock Exchange (CSE) on Thursday, 28 July 2016.
by samaritan Fri Jul 29, 2016 9:45 am

» HPWR-Grossly undervalued
by Yahapalanaya Fri Jul 29, 2016 7:57 am

» LB Finance PLC
by EquityChamp Fri Jul 29, 2016 7:14 am

by soileconomy Fri Jul 29, 2016 7:13 am

» Swisstek (Ceylon) PLC - A Growth Stock
by EquityChamp Fri Jul 29, 2016 7:07 am

» C W Mackie PLC - Sustainable Earnings outlook
by Harry82 Fri Jul 29, 2016 6:54 am

by sureshot Fri Jul 29, 2016 6:50 am

by W M C Elmo Fernando Fri Jul 29, 2016 6:35 am

» what are the undervalued/fundamentally strong finance / Bank shares at the moment???
by Harry82 Fri Jul 29, 2016 5:53 am

» Union Bank of Colombo PLC - A bank in a staggering growth path
by TARGET Fri Jul 29, 2016 4:37 am

» Must read..fake forex trading
by TARGET Fri Jul 29, 2016 4:33 am

» Most under valued share in Banking Sector
by BnP Thu Jul 28, 2016 11:43 pm

by Teller Thu Jul 28, 2016 10:40 pm

» ACME what experts think
by Teller Thu Jul 28, 2016 10:34 pm

» hexp 150 target with තියුණු කටු අතරේ.
by Teller Thu Jul 28, 2016 9:37 pm

» Tfc mokada wenne. ,
by hiransilva23 Thu Jul 28, 2016 9:10 pm

» Next few week are important for cse
by Teller Thu Jul 28, 2016 8:04 pm

» how to earn point of Reputation
by vic19 Thu Jul 28, 2016 3:30 pm

» JKH.N ????
by nimantha80 Thu Jul 28, 2016 2:48 pm

» SEMB new interest
by mahasona Thu Jul 28, 2016 1:03 pm

» CSF Collection around 1.90
by troy Thu Jul 28, 2016 11:46 am

» Why AAIC Should trade above RS.50/-
by aero Thu Jul 28, 2016 11:36 am

» Ada market eka kanne HEXP
by Vacations To Sri Lanka Thu Jul 28, 2016 10:45 am

» ATL.N.....NEXT Runner
by sharemarket Thu Jul 28, 2016 10:13 am

» CIFL..New journey
by nimantha80 Thu Jul 28, 2016 10:05 am

» How to make money online from home
by kumara1126 Thu Jul 28, 2016 9:59 am

» HVA flat-out @ 7.40 uptrend ready on a green quarter report
by anjelo Thu Jul 28, 2016 9:56 am

» one by one understanding hexp
by hanuma Thu Jul 28, 2016 9:49 am

» LIOC.N0000
by Vacations To Sri Lanka Thu Jul 28, 2016 9:43 am

» The Retailers Dream Of The JKHW23
by troy Thu Jul 28, 2016 9:41 am

» Union bank impressive performance. UBC
by soileconomy Thu Jul 28, 2016 6:40 am

by Teller Thu Jul 28, 2016 4:17 am

» this year is main object of hexp
by hiransilva23 Wed Jul 27, 2016 11:21 pm

» Sri Lanka 06-month, 01-year Treasuries yields ease
by kumarweerarathne Wed Jul 27, 2016 10:35 pm

» hexp after the 100
by pollaeliye Wed Jul 27, 2016 10:27 pm

» 1.8 million shares To hexp .
by karuna Wed Jul 27, 2016 10:15 pm

by sameboy Wed Jul 27, 2016 9:48 pm

» kindly request from all the members.
by Miss-Sangeetha Wed Jul 27, 2016 7:55 pm

» i designing exit from the forum
by wisdom78 Wed Jul 27, 2016 7:06 pm

» Welcome our New Members!
by Upendra Dasanayaka Wed Jul 27, 2016 7:05 pm

» HEXP Land deal unanimously approved at the EGM - 420 Million
by Chinwi Wed Jul 27, 2016 6:47 pm

» AAIC & HEXP going to up
by Yahapalanaya Wed Jul 27, 2016 5:57 pm

» Trade with Binary option
by kumara1126 Wed Jul 27, 2016 4:15 pm

» Monetary policy annoucement
by nimantha80 Wed Jul 27, 2016 4:03 pm

» ADB approves USD115mn loan for power sector in Sri Lanka
by Bullrunner7 Wed Jul 27, 2016 3:45 pm

» Laxapana Batteries - A New Begining
by kapifm Wed Jul 27, 2016 3:43 pm

» MFL Run .............
by hiransilva23 Wed Jul 27, 2016 1:27 pm

» GRAN should move from tomorrow.
by EquityChamp Wed Jul 27, 2016 12:13 pm

» CB pledges to consolidate macroeconomic policies to attract investment - See more at:
by fireshelter Wed Jul 27, 2016 11:39 am

» What will give a good return next???
by Shehan Dhanushka Wed Jul 27, 2016 11:07 am

» lcem is good share for buy
by Shehan Dhanushka Wed Jul 27, 2016 10:42 am

» MGT.N0000........
by Vacations To Sri Lanka Wed Jul 27, 2016 10:04 am

by worthiness Wed Jul 27, 2016 9:58 am

» GREG Huge Collection is on.
by ranferdi Wed Jul 27, 2016 9:56 am

» BFN with result Fly Towards Rs.30
by fireshelter Wed Jul 27, 2016 9:55 am

» CSE will open today @9.40
by kassachandimal Wed Jul 27, 2016 9:41 am

» GSF.........Summit Finance
by kapifm Wed Jul 27, 2016 9:26 am

» CFVF what is the reason going up?
by gayanath1983 Wed Jul 27, 2016 9:12 am

» Sanstha Holcim owneship goes to Thailand for US$ 400 million
by Chinwi Wed Jul 27, 2016 9:07 am

» Any news regarding RICH?
by Ryan Hudson Wed Jul 27, 2016 9:06 am

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

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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
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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

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