Prudential Life Insurance experienced strong growth in the first half of 2012, with total income rising by 41.5 percent to Rp 9 trillion ($945 million), compared with the same period last year. The company, which has more than 1.5 million policy holders, said the success was supported by Rp 4.9 trillion in premium income from new business — a 43.7 percent increase from 2011.
Shariah business was also up 25.7 percent to a total premium inflow of Rp 496 billion.
“We have maintained our business momentum and delivered consistent growth over the first half of 2012,” said William Kuan, Prudential Life Insurance chief executive. “This is a testament to the support and trust of our customers and the hard work of our sales force and staff who have helped more and more Indonesians acquire life insurance protection.”
The company paid out Rp 2.8 trillion in claims and benefits in the first half of the year, it said.
“We will continue giving back to the public through various efforts, whether through charitable activities, investing back into the economy, recruitment and supporting the welfare of more than 180,000 sales force and 1,500 staff,” Kuan said.
Prudential Indonesia is the biggest contributor to the Prudential Group’s Asian business, contributing 23 percent of the total Asian new business by annualized premium equivalent, as of June 30.
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