Our VisionTo light the lamp of Insurance in every home and workplace

Our Mission• To be the benchmark for excellence in value delivery • To be a catalyst in wealth creation• To invest in our people, in order to enhance economic potential • To make a difference by giving back to society and the environment

Our ValuesSimplicityWe will thrive to exceed customer expectation through simplicity. We will ensure clarity and transparency in what we do, whilst minimising complexity and barriers that hinder our growth.

InnovationLead in new developments that add value to our stakeholders. CollaborationWe shall keep people at the heart of what we do and drive towards progression, embracing diversity. We are one family and one firm that grows together.

TruthWe are unequivocally ethical and authentic. We believe in giving back to our society.

A versatile personality with over two decades of experience in Finance & Marketing, he is a Fellow Member and former Council Member of the Chartered Institute of Management Accountants, Sri Lanka, and an Associate Member of the Chartered Institute of Marketing. Having served as Secretary to the Board since the inception of the Company in 1994, he was appointed to the Board in 2004. He has also served on the Boards of several public listed and unlisted companies.

An accomplished public speaker, he is a multiple award winner at National and International level Toastmasters contests. He is the former President of the Habitat for Humanity Sri Lanka and a Board Member of World Vision for Sri Lanka. He is a Co-Founder of cable television channels Swarga TV and Swargam TV,as well as the Christian Arts Foundation (Chraft), an organisation that promotes music and drama inSri Lanka.

A member of the Board since 2007,L.C.R. de C. Wijetunge is currently the Chairman Emeritus of Nestlé Lanka PLC and Chairman of Lion Brewery PLC, Ceylon Beverage Holdings PLC and Union Residencies (Pvt) Ltd. He also serves on the Boards of Hunter & Co Ltd, East India Retailing (Pvt) Ltd, Lanka Canneries and Heath & Co Ltd, and is also a Trustee of the Joseph Frazer Memorial Hospital. He is also the President of the Swiss Business Circle of Colombo and Karmiel International (Pvt) Ltd, and the Vice President of Baur Asia.

A member of the Janashakthi Board since 2006, Anushya Coomaraswamy is a Fellow of the Chartered Institute of Management Accountants UK and the Institute of Chartered Accountants of Sri Lanka. Her career, spanning over 20 years in the private sector, comprises of many senior management positions, which also includes that of Group Finance Director, John Keells Holdings PLC. from 1994-2002. She has also served as an Advisor to the Ministry of Finance, Chairperson of the Public Utilities Commission, and Member of the Public Enterprise Reform Commission. She is also an Independent Director of Printcare PLC.

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Board of Directors

L.C.R. de C. Wijetunge5

Ramesh Schaffter4

Anushya Coomaraswamy6

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Board of Directors

Having relinquished her executive role at Janashakthi Insurance PLC as Finance Director in 2007, she has continued to serve in a non-executive capacity, whilst heading Dunamis Capital PLC.

Dunamis is active in the Finance and Property sectors through listed subsidiaries, First Capital Holdings PLCand Kelsey Developments PLC, in which she servesin an executive capacity. She also serves as a Non-Executive Director on the Board of Habitat for Humanity Sri Lanka. With a Masters Degree in Business Administration from the University of Cambridge and a Fellowship of the Chartered Institute of Management Accountants, UK, combined with over two decades of experience in Finance, Marketing and General Management, she is well equipped in multiple disciplines to contribute towards the Company’s success.

Mr. Eardley Perera is a Chartered Marketer and a Graduate of the Chartered Institute of Marketing, UK, with over 40 years of experience in Management. He has undergone Management training in UK, Sweden, South Korea, India, the Philippines and Singapore.He retired from active executive positions in 2005. Currently, he is a Non-Executive Director of a few public companies; Dunamis Capital PLC, First Capital PLC, Keells Food Products PLC, Janashakthi Insurance PLC, and United Motors Lanka PLC; and private companies – M & E (Private) Ltd., Sting Consultants (Private) Limited, Brand Finance Lanka (Private) Limited and MA’s Tropical Foods (Private) Limited. He is also a member of the Board of Study of the Postgraduate Institute of Management, University ofSri Jayewardenepura (PIM) and is actively engaged in Management Education and Consultancy.

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Manjula Mathews7

Eardley Perera8

22Industry Presence

2,200Staff Strength

Janashakthi Insurance

109Branch Network

*2015 internal statistics

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Industry Firsts

Paper Re-cycling

10,008E-Waste Re-cycling

1,299Fuel Consumption

of Company Vehicles

22,563

Carbon Footprint:

Motor• Installment-based motor premium payments

• ‘Safety Net’, a high-technology vehicle tracking security system

• ‘Vehicle Emergency Roadside Assistance Service’

• ‘Full Option Locator’ Mobile App

• ‘Easy Claim Service’, enabling customers to claim payments through ATMs

Life• Introduced ‘Janashakthi Green Light’, becoming the

only Insurance provider in the whole South East Asian Region to offer Life Insurance to people living with HIV.

• Introduced Life Unlimited, the first and only cover to offer free lifetime hospitalisation cover even after the policy matures.

years

1992

1994

Janashakthi Life Insurance Company Ltd. was incorporated in Sri Lanka as a public company

with limited liability on the 29th of October 1992.

Janashakthi Life Insurance Co. Ltd. commenced operations as Sri Lanka’s first specialised

Life Insurer, on 15th September 1994.

1995Janashakthi General Insurance Co. Ltd was established as Sri Lanka’s first specialised General Insurer on 20th September 1995.

1996Janashakthi took the concept of insurance to

people’s doorsteps, with a rapid regionalisation programme and established one of the widest

branch networks in the industry.

1997Janashakthi Life made a significant profit and the company declared its first bonus to policyholders. Janashakthi also launched an aggressive advertising and marketing strategy through the Sri Lanka vs India Cricket Test series sponsorship.

1998Janashakthi undertook major Corporate Social

Responsibility activities with several projects involving Highway Safety for pedestrians.

1999Operationally, Life and General Divisions were merged into one.

2000Janashakthi Life and Janashakthi General were fully

merged to form Janashakthi Insurance Co. Ltd.

2001The Company acquired a controlling interest in National Insurance Corporation Ltd. Janashakthi also marked a record year with a premium income exceeding Rs.1 billion. The Life Operations Department received the ISO 9002 International Service Quality Accreditation and was also the first insurer in Sri Lanka to receive this certification.

2002Janashakthi launched a branch office in Male, and

became the first private insurer in Sri Lanka to open a representative office overseas.

2003The Janashakthi Group diversified into Banking, Development Banking, Financing, Property Development and Agriculture by investing strategic stakes in different companies.

2004Janashakthi in its 10th year of operations reached a unique achievement of booking a Rs. 3.1 billion

premium income and thus became the only Insurer in Sri Lanka to surpass the Rs. 3 billion

mark within the first 10 years of operations.

2005Janashakthi settled claims worth over Rs. 5 billion in the aftermath of the 2004 tsunami, the highest by any Sri Lankan Insurer.

Company History

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2006Janashakthi Insurance was adjudged the ‘No.1 Service Brand

of the Year’ at the SLIM Brand Excellence Awards 2006, having competed against market leaders in insurance,

leading banks, finance companies and other large conglomerates. Janashakthi Full Option was adjudged the

‘Most Innovative Service Brand’, whilst Janashakthi Insurance, also emerged as the Best Local Service Brand.

2007Janashakthi became the only Insurance company to be awarded at the SLIM Brand Excellence Awards in 2007.

2008Janashakthi was listed in the Colombo Stock

Exchange with an Initial Public Offering, which was oversubscribed four and a half times.

2009Awarded the prestigious ‘Award for Brand Leadership - Service Industry’ and the ‘Award for Social Marketing’ at the 18th World Brand Excellence Awards 2009, conducted by the World Brand Congress.

2010Global awards for Brand Excellence in

‘Brand Leadership in Banking & Financial Services’ and ‘Overall Brand Leadership’ by the World Brand

Congress.

2011Global awards for Brand Excellence in ‘Brand Leadership in Banking & Financial Services’ and ‘Overall Brand Leadership’ by the World Brand Congress. Winner of the ‘Business Innovation Award’ at the Asia Leadership Awards.

2012Founder and Deputy Chairman

Mr. C. T. A. Schaffter was awarded the‘Lifetime Achievement Award’ at the

16th Asia Insurance Industry Awards 2012, conducted by the Asia Insurance Review.

Won 4 awards for ‘Industry Leadership’, ‘Brand Leadership’, ‘Brand Innovation and Overall Brand

Leadership’ in the Banking & Financial Services category at the Asia Leadership Awards. Awarded

‘Best CSR Practice Award’ and ‘Brand Excellence Award in Banking Financial Services & Insurance’

at the CMO Asia Awards.

2015Janashakthi split its Life and Non-Life Insurance operations in line with regulatory changes and as at 1st January 2015, the company operates as two separate entities – Janashakthi Insurance PLC (JIPLC), the parent company managing the Life Insurance business, and Janashakthi General Insurance Limited, a new entity which was created as a wholly-owned subsidiary of JIPLC, to which the Non-Life business was transferred.

Janashakthi General Insurance Limited acquired a 100% stake in AIA General Insurance Lanka Limited in October 2015. Significantly, Janashakthi Insurance PLC was the first and only local insurer to embark on an acquisition post-split.

Company History

Branch Ne�ork

Geographical Strength:

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Regional Office

District Office

Development Office

Area Development Offices

Colombo-based Branches

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ReinsurerStrength

GeneralName of the Reinsurer Rating

Financial Strength Credit

Hannover Rueck SE, Malaysia. A + aa -

A a +

Sirius International Insurance Corporation (Publ), United Kingdom.

A a

African Reinsurance Corporation, Africa. A - a -

General Insurance Corporation of India. A - a -

Malaysian Reinsurance, Berhad. A - a -

Trust International Insurance & Reinsurance Co. B.S.C., Bahrain.

A - a -

Emirates Retakaful Limited, Dubai. B ++ bbb +

Milli Reasurance T.A.S., Turkey. B + bbb -

Saudi Reinsurance Company, Saudi Arabia. BBB+ bbb +

National Insurance Trust Fund (NITF), Sri Lanka. Sovereign Guarantee

LifeName of the Re-Insurer Credit Rating

Hannover - Life Reinsurance Co. Ltd A+

SCOR Global Life SE A

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GLOBAL RECOGNITION:

World Brand Congress • 2011 : Award for Brand Leadership • 2011 : Brand Leadership Award (Overall) • 2012 : Award for Brand Leadership • 2013 : Brand Leadership Award (Overall) • 2014 : Sustainable Marketing Excellence Award

CMO Asia Awards • 2011 : Award for Brand Leadership • 2012 : Award for Brand Leadership • 2012 : Overall Brand Leadership – Banking, Financial Services & Insurance Category • 2013 : Award for Overall Brand Leadership • 2013 : Award for Corporate Social Responsibility • 2014 : Award for Brand Excellence

Asian Brand Leadership Awards • 2009 : Award for Brand Leadership • 2012 : Award for Brand Leadership• 2012 : Award for Brand Innovation• 2012 : Overall Brand Leadership – Banking & Financial Services Category • 2012 : Award for Industry Leadership• 2013 : Award for Overall Brand Leadership

Accolades andAchievements

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NATIONAL RECOGNITION SLIM Brand Excellence Awards • 2011 : Service Brand of the Year – Janashakthi Corporate Brand (Silver)• 2011 : CSR Brand of the Year – Janashakthi Corporate Brand (Bronze)

Effie Awards 2009 • Bronze Award in Corporate Reputation / Professional Services Category

National Business Excellence Awards • 2011 : Bronze Award Insurance Category • 2012 : Silver Award Insurance Category • 2013 : Gold Award Insurance Category• 2014 : Gold Award Insurance Category; Gold Award Capacity Building

Annual Reports Awards by ICASL • 2012 : Bronze Award Insurance Category • 2014 : Merit Award Market Reach

Best CSR Projects Awards by Ceylon Chamber of Commerce • 2012 : Certificate for Rural Athletic Sponsorship

SLITAD People Development Awards • 2013 : Bronze Winner • 2014 : Silver Winner • 2015 : Gold Winner

Accolades andAchievements Contd.

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CorporateSocialResponsibili� Our Focus towards our Community

At Janashakthi, a clear vision of Corporate Social Responsibility (CSR) is embedded within, and reflects the core values of the organization. Janashakthi’s mission and values clearly state its responsibility towards the community it operates in, by ‘lighting up the lives’ of Sri Lankans.

Throughout its two decade journey in Sri Lanka, Janashakthi has established its corporate positioning as a company built on strong values; values that have contributed towards its robust standing in the community today, and significantly, the company’s success. We believe in providing ‘a guiding light’ to our community, by tending to the needs of those in our community. In this manner, we have embarked on many CSR initiatives over the years that we believe have enhanced the lives of our fellow Sri Lankans.

Lighting up lives by reaching out to communities through our brands and corporate values

Reaching out to help those who have been affected by HIV

Janashakthi Insurance, in a breakthrough move in the Life insurance indstry, extended Life Cover to those diagnosed with HIV. A first of its kind not only in Sri Lanka, but in all of the Asia Pacific, Janashakthi ‘Green Light’ offers a cover to HIV patients, stepping away from the industry norm of an ‘HIV exclusion’. Janashakthi is the only Insurer that has not made this exclusion in its Life policies for basic Life Cover from day one of its operations.

Grade 5 Scholarship programme – ‘Janashakthi Shilpa Shakthi’

Janashakthi Life organized seminars for students sitting for the Grade 5 Scholarship examinations in Sri Lanka with the aim of inspiring and stimulating talented youngsters to go beyond their limits and excel in everything they do through seminars and workshops held under its ‘Shilpa Shakthi’ brand.

Janashakthi further awarded scholarships to the students who had achieved outstanding results at the Grade 5 Scholarship examinations.

Giving equal opportunity to youth across the country via ‘Janashakthi Tea Leaf Project’

The Tea Leaf Trust is an NGO-based language school located in both Maskelliya and Hatton that empowers youth in the area to develop their language skills. Janashakthi stepped in to support this worthy initiative by providing students of this establishment with a three month internship programme at Janashakthi, inclusive of all expenses paid, which enables the candidates to further practically use their knowledge and skills in a work environment. The ‘Janashakthi – Tea Leaf Project’ internship programme thus provides a stepping stone to these students, even resulting in a large number of these students being absorbed to the permanent cadre at Janashakthi, and their subsequent progress up the corporate ladder.

Promoting higher education amongst students through rewards and recognition

This initiative is aimed at empowering undergraduates of the ‘Insurance and Valuation Programme’ from the Wayamba and Uva Wellassa Universities by awarding gold medals to the high flyers of this programme. Students with high academic qualifications in the field of Insurance are subsequently invited to be part of a corporate environment at Janashakthi and embark on a journey of enhancing their knowledge, whilst simultaneously adding value to the organization.

CorporateSocial Responsibili� (Contd.)

Technical advice extended to motorists via Janashakthi Vehicle Health Camp

Combining brand awareness whilst helping people, the Janashakthi ‘Motor Clinic’ is yet another industry first introduced.

Where Janashakthi has joined hands with reputed entities to provide expert guidance on motor care at no additional cost. This service has been extended to society at large since 2012 onwards across the island.

Vehicle Relief Service for motorists during key festivities and religious pilgrimages

This is a service extended to pilgrims who travel to their various destinations via vehicles. Sri Lanka’s cultural calendar constitutes of many key religious events across many geographical locations, to which thousands of pilgrims travel during their festive times. Janashakthi pioneered a 24-hour vehicle repair service free of charge to all motorists, ‘Janashakthi Full Option Vehicle Relief Service’ provided via a mobile vehicle repair facility as a public service, regardless of who their original Insurance provider was.

Promote road safety awareness in schools and equipping students with safety materials

Janashakthi Insurance reaffirmed its commitment to traffic safety by providing special reflective traffic warden uniforms and traffic cones to students to engage in thier traffic warden duties in a safe and responsible manner. This was implemented following an urgent need communicated to Janashakthi by local Police and school principals in Katharagama and Moneragala.

Janashakthi will continue to expand this project with the objective of contributing towards reducing tragic traffic accidents through training and awareness on road safety.

Recognising selfless acts of civilian bravery ‘Janashakthi – National Civilian Bravery Awards’

In October 2015, Janashakthi launched a new integrated Marketing Communication campaign across all channels, which positioned Insurance as a provider of light during times of darkness. Analogies of a railway guard was effective in positioning the Insurance Salesperson as yet another ‘unsung hero’.

Janashakthi then extended this campaign via the corporate platform by partnering with the Foundation of Civilian Bravery of Sri Lanka to roll out the ‘Janashakthi – National Civilian Bravery Awards’ to recognize ‘unsung heroes’ - civilians who selflessly risked their lives to save the life of another. The event was conducted at a national level, engaging the participation of the masses across all provinces in Sri Lanka.

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Life ProductPortfolio

JanashakthiShilpa Shakthi

JanashakthiLife Investment Account

JanashakthiLife Saver

A unique Life Insurance policy for children that offers a range of unique benefits and protection until your child reaches 50 years of age.

A unique educational policy that builds a fund to ensure adequate financial resources are available to support your child’s needs.

A unique pension and savings plan that assists you to build a substantial pension fund allowing you to enjoy a happy, stress-free retirement.

A non-traditional Life Insurance policy that combines the positives of a bank account and a Life Insurance policy, giving the policyholder a higher return and life protection.

JanashakthiCash Advance

JanashakthiFamily Plus

JanashakthiGolden Bond

JanashakthiLoan Guard

A unique Life Insurance policy which pays you back every 3 years, and can support your emerging needs.

A unique Life Insurance policy which increases your cover by 10%every year, to provide for increasing needs and the effects of inflation.

JanashakthiLife UnlimitedThe first and only Life Insurance cover which provides free lifetime hospitalisation cover even after the policy matures.

A unique Life Insurance policy which covers valuable assets, preventing them from being lost in the event of debt repayment.

A policy offered to a group consisting of more than 20 individuals.

A 3 year investment product with a fixed rate of return coupled with a Life cover.

JanashakthiJeevitha VardanaA unique Life Insurance policy which increases your cover by50% every 5 years, to provide for increasing needs and the effects of inflation.

Endowment Products

Investments / Savings Products

Mortgage Protection Group Life Product

JanashakthiJanasevayaGroup Insurance

JanashakthiJeevitha Thilina

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Janashakthi Business Awaranaya

Janashakthi HomeAwaranaya

Janashakthi Worldwide Travel

JanashakthiHotel Plus

JanashakthiJanarakshana

Motor Insurance

Non Motor Insurance

General Products

Sub Products

General ProductPortfolio

A comprehensive protection plan for traders, providing a wide range of covers against financial losses and other contingencies at an affordable cost.

A unique packaged insurance plan which provides Rs.1 Million accidental death and total permanent disability covers along with hospitalisation benefits.

An Insurance cover that provides US$ 50,000/- Indoor hospitalisation cover andUS$ 100,000/- personal accident cover, along with a host of another benefits during overseas travel, whether it’s business or leisure.

JanashakthiMedical InsuranceA high value Medical Insurance cover for Sri Lankans and Sri Lankan expatriates who seek overseas medical benefits at an affordable cost.

Provides financial protection against unforeseen eventualities leading to destruction or damage of your home.

A comprehensive insurance cover for any Star Class or Boutique hotel operating in Sri Lanka.

JanashakthiTitle InsuranceAn insurance policy that covers both owners and lenders against loss or damage that can occur due to liens, encumbrances or defects in the title to an immovable property.

Janashakthi ‘Full Option’ is an all-inclusive insurance policy that is designed to give you maximum protection without hassle. These benefits include around-the-clock customer care, on-site claim approval, cash for replacement vehicle, repairs at Janashakthi Auto Centre (the only collision repair centre fully owned by an insurance company), 15 day automatic third party cover, personal accident insurance for occupants, pedestrian cover and cash for hospitalisation.

Corporate PortfolioFire Engineering Medical Marine Liability Miscellaneous

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Decade at a Glance

Statement of Income

2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

Group

‘000

Gross Written Premium 10,664 8,984 8,727 7,985 7,128 6,158 5,705 5,363 4,884 4,161Net Earned Premium 8,978 7,634 7,505 6,839 6,076 5,454 4,967 4,562 4,1146 3,341Other Revenue 2,134 2,155 2,443 1,428 1,023 1,336 1,021 993 1,089 1,428Total Revenue 11,112 9,789 9,948 8,267 7,099 6,790 5,988 5,555 5,203 4,769Net Acquisition Cost (1,701) (1,463) (1,392) (1,245) (1,114) (921) (888) (838) (642) (489)

(5,135) (4,215) (4,133) (3,463) (3,044) (3,078) (2,637) (2,370) (2,289) (1,761)Other Expenses (2,357) (2,168) (1,973) (1,778) (1,502) (1,406) (1,413) (1,444) (1,520) (1,433)Increase in Life Insurance Fund (893) (844) (1,355) (917) (906) (574) (300) (400) (203) (283)

1,0245 1,099 1,0945 863 534 811 750 503 549 803Income Tax Expense (60) (38) (89) (63) (39) (41) (92) (54) (23) (57)

965 1,061 1,006 800 494 770 657 449 526 746

Non Life InsuranceGross Written Premium 8,113 6,813 6,533 5,960 5,256 4,472 4,273 3,937 3,678 3,137Net Earned Premium 6,510 5,506 5,371 4,853 4,233 3,798 3,573 3,168 2,940 2,343Other Revenue 1,218 1,200 1,135 815 667 942 647 591 677 1,183Total Revenue 7,728 6,706 6,506 5,667 4,900 4,740 4,219 3,759 3,617 3,526Net Acquisition Cost (986) (901) (931) (795) (669) (560) (537) (477) (355) (260)

(4,296) (3,549) (3,471) (3,031) (2,619) (2,641) (2,300) (2,076) (1,970) (1,462)Other Expenses (1,597) (1,561) (1,415) (1,282) (1,079) (1,033) (1,037) (1,023) (1,022) (1,065)

849 695 689 560 534 506 345 183 270 740

Life InsuranceGross Written Premium 2,551 2,170 2,194 2,025 1,872 1,685 1,432 1,426 1,206 1,024Net Earned Premium 2,469 2,128 2,134 1,986 1,843 1,656 1,394 1,394 1,175 998Other Revenue 1,056 955 1,308 613 356 395 375 402 412 245Total Revenue 3,525 3,083 3,442 2,599 2,199 2,050 1,769 1,796 1,587 1,243Net Acquisition Cost (715) (562) (462) (450) (444) (361) (351) (360) (288) (229)

(839) (666) (662) (433) (425) (438) (337) (294) (319) (299)Other Expenses (761) (607) (558) (496) (423) (373) (376) (421) (499) (368)Increase in Life Insurance Fund (894) (844) (1,355) (917) (906) (574) (300) (400) (203) (283)Surplus from Life Insurance Fund

316 404 406 304 - 305 405 321 279 64

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