Prudential Vietnam continues taking the pole
Prudential Vietnam
Prudential Vietnam has reached new business premium of VND615 billion ($30 million), up 21.2 per cent year-on-year. The total premium income increased to VND2.8 trillion ($137 million), up 12.3 per cent year-on-year. With the market share of 38 per cent, the company reaffirmed its No.1 position in Vietnam’s life insurance market.
Its total asset went up by 13.3 per cent year-on-year to VND 30 trillion ($1.5 billion) with total policyholder payments of VND1.248 trillion for 104.747 cases for the first half of 2011.
Aside from these great financial results, Prudential takes pride in being one of the leading organisations in corporate social responsibility (CSR) in Vietnam. Earlier this year, Prudence Foundation Vietnam, a CSR arm of Prudential Vietnam, has committed $10 million to social activities benefiting local communities in Vietnam for the next five years.
Prudential Plc, the parent company also achieved a resilient balance sheet, with a capital surplus of £4.1 billion ($6.6 billion) at the half year.
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