Janashakthi Life says it does well in 2021

Janashakthi Insurance PLC has recorded a 45 per cent growth in Gross Written Premium for the financial year ended December 31, t 2021, reaching a total income of Rs. 7.2 billion for the period under review.

The life insurer posted a profit before tax of Rs. 1.2 billion at the end of the financial year, and an investment income of Rs. 1.9 billion for the same period. Meanwhile, net claims and benefits to policyholders during the same period was at Rs. 4.7 billion, the company said in a media release.

“The praiseworthy achievement and viable financial growth that we attained during the financial year 2021 notwithstanding pandemic- triggered macro- economic challenges speak volumes about ability to navigate troubled waters using time- sensitive, insight driven strategies.

As such, we have been able to meet the expectations of our stakeholders and grow in a sustainable manner during the year,” said Prakash Schaffter, Deputy Chairman of Janashakthi Insurance PLC.

Janashakthi Life successfully achieved several great milestones in 2021. Some of the key achievements were receiving a record- breaking total income of over Rs. 7.2 billion with a growth of 14 per cent over the last year (Rs. 6.2 billion in 2020) and a commendable Gross Written Premium growth of 45 per cent over the corresponding period under review.