Prudential Vietnam continues strong growth
(Baonghean) - Prudential Vietnam Life Insurance Company Limited (Prudential) announced its 2018 business results, continuing to affirm its stable growth and strong financial potential.
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The 2018 business results report recorded Prudential's strong growth through key financial indicators. Specifically, Prudential achieved revenue of VND 19,019 billion from insurance business activities, up 18.7% and new annual premium revenue reached VND 4,480 billion, up 14.2% compared to 2017. Pre-tax profit reached VND 1,382 billion as well as maintaining high liquidity with a solvency margin of over 130%, ensuring customer benefits.
Prudential also showed its potential in insurance and investment business with total assets reaching VND90,024 billion, of which total investment capital in the economy reached VND81,508 billion, up 21.4% and 23% respectively compared to last year.
Prudential continues to demonstrate its long-term commitment to operating and contributing to the development of the Vietnamese economy through strong investment in government bonds with a total value at the end of 2018 reaching VND 62,667 billion with many terms up to 20 and 30 years.
Over the past year, Prudential continued to carry out its mission of providing financial protection solutions to families across the country, with insurance benefits paid to customers reaching over VND 6,703 billion, an increase of 7.1% compared to 2017.
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In addition to the positive business results of 2018, on April 6, Prudential was honored in the top 10 foreign-invested enterprises in Vietnam at the Golden Dragon Awards ceremony, and was the only insurance company on this list.
This is also the 16th time Prudential has received the prestigious award organized by Vietnam Economic Times for foreign-invested enterprises operating in Vietnam. The award once again affirms Prudential's leading position in the life insurance sector and its positive contributions to the country's socio-economic development.
Previously, Prudential also continuously recognized its leading position among foreign insurance companies through prestigious awards, typically Top 50 Outstanding Vietnamese Enterprises in 2018 by Vietnam Report, and "Top 10 Sustainable Enterprises in Vietnam" in 2018, Trade - Service industry group reviewed by Vietnam Chamber of Commerce and Industry and one of the best workplaces in Asia in 2018 voted by HR Asia.
The above achievements are the result of Prudential’s customer-centric efforts. Accordingly, Prudential has continuously improved its products to provide effective financial protection, savings and investment solutions, improve customer service quality and bring convenience and a seamless digital experience at every point of customer interaction with Prudential.In addition to its mission of bringing a financially protected future to Vietnamese families, Prudential is also dedicated to meaningful community projects with a contribution of VND 175 billion in the period 2012-2018 alone.
2019 marks 20 years of sustainable development for Prudential in Vietnam. The new slogan “Listen. Understand. Act” affirms the commitment to prioritizing customers, emphasizing human connection, simplicity and creativity in all business activities.
“We appreciate the companionship and trust that customers have given Prudential in protecting the financial future for themselves and their families over the years.
Inheriting a long history of experience and developing on a solid foundation, Prudential is always a pioneer in developing products and services and bringing good values for a more progressive life for customers. We also inspire many generations across the country, together creating and spreading sustainable values for a brighter Vietnam"
Mr. Clive Baker - General Director of Prudential Vietnam
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