LOLC Life Assurance has expanded its branch network across key locations in Sri Lanka, strengthening its focus on customer accessibility, service convenience, and inclusive life insurance solutions.
As part of this expansion, the company has opened new branches in Mathugama and Beruwala, both positioned in strategically important regional markets. The new outlets aim to bring life insurance services closer to customers while enhancing responsiveness and improving overall service delivery at community level.
The Beruwala branch, located on Galle Road, and the Mathugama branch on Aluthgama Road were officially opened by Jayantha Kalinga along with senior company management.
In addition, LOLC Life Assurance has relocated its Jaffna branch to Stanley Road in Jaffna, creating a more modern and accessible customer environment aligned with the region’s growing economic activity. The reopening was attended by Chandana L. Aluthgama and Jayantha Kalinga.
The company stated that these developments reflect its broader strategy to strengthen its physical distribution network while maintaining high standards of service excellence and operational efficiency. Through continued investment in branch expansion, LOLC Life Assurance aims to reinforce its role as a long-term financial protection partner for individuals and families across the country.
Janashakthi Life records strong 42% GWP growth, reaching LKR 2.6 billion
Janashakthi Life, a leading insurance brand under Janashakthi Group, began the 2026 financial year on a strong note, delivering solid performance across key financial and operational metrics for the quarter ended.
The company reported Gross Written Premiums of LKR 2.6 billion, marking a 42% increase compared to the same period last year. This growth reflects sustained market demand, stronger distribution performance, and continued confidence in Janashakthi’s evolving insurance value proposition.
During the period under review, the company’s market capitalisation rose to LKR 29 billion from LKR 17 billion in the corresponding period, indicating improved investor sentiment and strong value creation for shareholders. The share price also increased from LKR 73.6 in Q1 2025 to LKR 127.7 in Q1 2026, reflecting significant growth in market performance.
Total assets grew to LKR 41 billion, strengthening the company’s balance sheet and enhancing its capacity for long-term expansion. New business volumes increased by 25% year-on-year, supported by improved customer engagement and a more efficient distribution network. Claims and benefits paid rose by 26% to LKR 985.8 million, highlighting the company’s continued commitment to timely and reliable policyholder settlements.
Commenting on the results, Annika Senanayake said the performance reflects disciplined execution, strengthened governance, and a consistent focus on delivering value while maintaining financial stability.
Ravi Liyanage noted that the results demonstrate strong strategic execution, improved customer focus, and enhanced distribution productivity, while maintaining sustainable and scalable growth supported by prudent risk management and operational efficiency.
Overall, the quarter’s performance reinforces Janashakthi Life’s upward growth trajectory, driven by financial discipline, strategic expansion, and continued strengthening of its position in Sri Lanka’s insurance sector.
LOLC Life Assurance Expands Branch Network to Improve Customer Access
