FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Latest topics

» Focus on Government controlled entities
by K.R Today at 8:06 am

» LOLC FINANCE PLC (LOFC.N0000)
by RAVI1980 Yesterday at 4:39 pm

» Sri Lanka cleared to borrow cheaper IDA funds by World Bank
by K.R Yesterday at 10:14 am

» PLR (Prime Lands) Next Value counter.. Fair Value Rs 20
by Anushka Perz Yesterday at 12:19 am

» NESTLE Target Price Rs.1500-INVESTMENT IN BUILDING A NEW VACUUM BAND DRYER AT THE STATE-OF-THE-ART FACTORY IN KURUNEGALA.
by Anushka Perz Yesterday at 12:15 am

» What will happen tomorrow?
by ErangaDS Mon Dec 05, 2022 9:12 am

» Paris Club proposes 10-year moratorium on Sri Lanka debt, 15 years of debt restructuring
by K.R Sun Dec 04, 2022 11:27 pm

» PMB/PLC/PINS
by K.R Sun Dec 04, 2022 8:00 pm

» Banking Sector Faces Tight Liquidity
by DeepFreakingValue Sat Dec 03, 2022 4:15 pm

» Sri Lanka: Exchange Rate Movement
by DeepFreakingValue Sat Dec 03, 2022 3:46 pm

» Fitch downgrades Sri Lanka’s rating further
by CHRONICLE™ Sat Dec 03, 2022 9:12 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Dec 02, 2022 7:11 pm

» Sri Lanka banks may need more regulatory, accounting forbearance
by CHRONICLE™ Fri Dec 02, 2022 2:05 pm

» Banking Sector Vulnerability to Domestic Debt Restructuring
by God Father Fri Dec 02, 2022 9:29 am

» Palm Oil is going up again
by ErangaDS Thu Dec 01, 2022 3:09 pm

» The rupee was now ‘heavily undervalued’ based on fundamentals - Central Bank Governor Nandalal Weerasinghe
by K.R Thu Dec 01, 2022 8:58 am

» Shares to Sell
by Tax Wed Nov 30, 2022 5:36 pm

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by cheetah Wed Nov 30, 2022 10:10 am

» Will anyone else do this? Commercial Bank debentures.
by reyaz Wed Nov 30, 2022 7:18 am

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Wed Nov 30, 2022 1:45 am

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_lcap16%Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_rcap 16% [ 43 ]
Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_lcap21%Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_rcap 21% [ 58 ]
Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_lcap30%Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_rcap 30% [ 83 ]
Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_lcap34%Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015 Vote_rcap 34% [ 93 ]

Total Votes : 277

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015

Janashakthi Insurance PLC in Rs 2.5 Bn GWP in 1Q 2015

2 posters

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Being awarded two Gold Awards at the National Business Excellence Awards 2014, Janashakthi Insurance looks forward to continue its journey of lighting the lamp of insurance in every home and work place.

Responding positively to regulatory reforms, Janashakthi Insurance recorded a 13.4% growth in the first quarter, after setting up a new entity known as Janashakthi General Insurance Ltd. The new entity, which commenced......operations on the 1st of January, 2015, handles the Non-Life Insurance business. The parent company Janashakthi Insurance PLC, will act as the holding company engaging in the Life Insurance business.


Commenting on the performance for the first quarter of 2015, Janashakthi Insurance CEO, Jude Fernando said "At the end of first quarter Janashakthi delivered a Gross Written Premium of Rs.2.5Bn adding nearly 300Mn to GWP vs first quarter of 2014. This is a healthy start for the company and we hope to continue on this growth momentum"


The GWP of Janashakthi General Insurance Ltd, (the Non-Life Insurance segment) was Rs.1.9Bn compared to Rs.1.7Bn in the previous year, reflecting an overall growth of 12.0%. The changes made within the Life Insurance segment in 2014, has shown positive results. This is further validated with the Life insurance business recording a GWP of Rs.605Mn, growing the portfolio by 17.8% in first quarter 2015.


In addition, the company managed to pay out Rs.1.1Bn in claims as of Q1 2015, an impressive achievement given the prevailing market conditions. Total Assets of the Company have crossed Rs.21.1Bn as at end of the first quarter 2015.
Janashakthi Insurance PLC Managing Director, Prakash Schaffter commented on profit delivery by saying "The Group has posted a consolidated net profit of LKR 106Mn during the quarter ended 2015 in comparison to LKR 156Mn in the same period last year. The drop in profit was mainly due to the market to market loss of LKR 71Mn accounted during the period under review. However the subsequent bullish run of stock market enabled the company recover from this position. We are confident of improved performance in the future."


Janashakthi continued to build its brand equity and awareness in Q1 2015 by driving product innovations. The Launch of the Easy claim product in March 2015 has helped build a positive brand awareness and confidence amongst consumers. Easy Claim is a unique proposition that allows the customers to withdraw claim payments from an ATM without any delay.
The company continues to be true to its values by giving back to society through the numerous CSR activations. Such an activation rolled out early this year was the road safety project that was initiated in Unwary Eliya along with the island wide road safety messaging project.


The cornerstone to Janashakthi's exceptional performance is its people and their strong commitment and response to market needs, which will continue and grow stronger in the year 2015.

Courtesy: Ceylon Financial Times 22 May 2015

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

First identify whether your investment goal for JINS was for long term or short term.

Short term: 
If you buy for trading with little profit or maybe 10% in month or 2 , then you goal is short term. If that is the case 

Buy at specific value ex Rs 22 and set you goal to sell at ex Rs25. Even if JINS looks to go more you sell when your target is met. If JiNS looks like falling below Rs 22 after you buy, then you sell at small loss. Say Rs 21. It called cutting losses. Also at some point if you turn good at pattern reading or technical analysis then sometimes you sell JINS at Rs 24 if things look bad. Thats part of trading also and I gave it in a but shell. 

Seems to me you are concerned about Short term. So you goal was such? 

Long term : 

Holders do not worry about short term fluctuaions like this. They calculate say 2 year targets and want 40% + Dividends. After study they enter at Rs22 and want to sell at Rs 30 within 2 years. ( sometimes it can drop to Rs 20 in short term but they don't worry. They know their company. They look at ultimate goal. Also sometimes Rs 30 can come before 2 years. At that time you decide to sell or analyze at that time to see it is worth more. 

I hope you see the difference. 

So ask your self again : Are you Short term or long term with JINS..


I hope I explained in detail enough. 

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum