Prudential’s market share reaches 39.2pct in Vietnam

Prudential Corporation (Prudential pic) officially announced H1 business result with high growth in first six months.

The corporation gained fairly high growth in all important financial indexes year-on-year. In details, operating profit (counting via international financial reporting standards) gained 968 million pound, up 41 percent, total APE revenue 1.655 billion pound, an 28 percent – increase, capital surplus 3.4 billion pound and dividend ratio at 5 percent increase

Asia market has the highest growth of this firm with revenue from new insurance contracts about 713 million pound, up 36% year-on-year, progressive profit 262 million, up 24%. In Vietnam the firm remains the leader in the field of life insurance at 39.3% of market share and 78,000 agents, 508 billion dong APE revenue, up 28% against the same period last year.

The corporation gained the good result in H1 thanks to capital centralization on markets and high growth of insurance products.

The company hopes to achieve similar growth in last half of this year, said Tidjane Thiam, director general of the corporation. – TBKTVN

Tags: Prudential Vietnam, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market

Posted by VBN on Aug 16 2010. Filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry