Sri Lanka Janashakthi Insurance 2009 net up 46.3-pct

Sri Lanka's Prime Minister Ranil Wickremesinghe arrives with flowers to receive blessings at the Gangaramaya Buddhist Temple, Colombo, Sri Lanka on Wednesday 4 April 2018. On wednesday (4), Wickremesinghe survived a no-confidence motion in the Sri Lankan parliament with a 46 vote majority after a 12-hour debate with 122 MPs voted in his support while 76 MPs voting to remove the prime minister. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

Mar 01, 2010 (LBO) – Sri Lanka’s Janashakthi Insurance’s net profits rose 46.3 percent to 657 million rupees in 2009, helped by stronger underwriting results while investment income was flat, the firm’s annual accounts showed. Revenues rose 7.7 percent to 5.98 billion rupees. Gross written premium rose 6.6 percent to 5.70 billion rupees and net premium after re-insurance was up 8.57 percent to 5.11 billion rupees.

Underwriting results were up 19.5 percent to 1.14 billion rupees.

Investment and other incomes were up 2.47 percent to 1.01 billion rupees. The firm had gross assets of 10.7 billon rupees and net assets of 2.29 billion rupees. The firm is reporting earnings per share of 1.81 rupees.