Janashakthi records highest net profit in insurance industry
As per released records to date, Janashakthi Insurance recorded Rs. 525.77 million net profit after tax for the year ended 31 December 2007, recording the highest net profit margin from among the five leading insurance companies in the country.
Life Insurance business achieved shows 18 per cent growth, achieved total premiums of Rs. 1.2 billion. General insurance recorded Rs 3.68 billion with a 17 per cent growth in last year. The company is planning an initial Public Offering as the company revenue reached Rs 5.2 billion in 2007 and it was the best achievement over the past 13 years that company has achieved, Chairman of Janashakthi Insurance, W.T. Ellawala.