Prudential Vietnam Life Insurance Co. Ltd has put its 2011 total premium revenue at VND6 trillion, a 12 percent year-on-year increase, re-enforcing its leading position with 39 percent market share.
Its new business premiums grew to a record high of nearly VND1,400 billion while total investment income reached over VND2,800 billion, rising by 28 percent against the previous year.
The insurer reported VND993 billion in pre-tax profit. This was the eighth consecutive year Prudential had reported profits from its operations in Vietnam.
The firm has also announced a special bonus of VND430 billion to around 104,000 customers. Prudential customers who owned participating policies issued before January 1, 2006 and maturing between January 1, 2008 and March 31, 2013 are eligible for this bonus.
This is the second time Prudential has announced a special bonus to its eligible customers. In 2007, Prudential awarded a special bonus of VND521 billion to 740,000 customers thanks to its exceptional investment performance.