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Prudential Indonesia records Rp 25 trillion premium income in 2019

15 April 2020 11:51

JAKARTA - PT Prudential Life Assurance (Prudential Indonesia) has retained its leadership in the Indonesian life insurance industry, reflected in the total premium income of Rp 25 trillion in 2019.

This revenue is supported by solid growth of strong new business premiums of 15% driven by growth from new business distribution channels; agency and bancassurance. The company also recorded total assets under management of Rp 74.5 trillion and total assets of Rp 80.7 trillion in 2019. Total premium income, total under management funds, and total assets of Prudential Indonesia were the highest in the industry.

Jens Reisch, President Director of Prudential Indonesia said, "We are grateful that the company continues to show strong growth thanks to increasing customer trust and solid fundamentals, such as healthy capital, strong digital capabilities to meet customer needs, along with good corporate governance and responsible investment practices. Because of our strengths, we are better equipped to face the challenges in 2020 that have started even since the beginning of the year."

Throughout 2019, Prudential Indonesia also realizes its commitment in presenting comprehensive long-term protection for customers through payment of total claims of Rp 15.6 trillion, growing 27% compared to the same period in the previous year. (LM)

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