Posted on 3 April 2012 - 05:39am
sunbiz@thesundaily.com
KUALA LUMPUR (April 3, 2012): Syariah-compliant insurer Prudential BSN Takaful (PruBSN) posted a 41% increase in pre-tax profit for the year ended Dec 31, 2011 (FY11) to RM19.7 million from RM13.9 million a year ago.
The takaful operator also recorded gross contributions across all channels of RM527.5 million in FY11, up 32% from FY10.
In FY11, PruBSN had a market share of 29% of the takaful industry with RM231 million in annual contribution equivalent (ACE). Its assets under management grew 39% from RM484.9 million in FY10 to RM674.4 million in FY11.
PruBSN's CEO Azim Mithani said: "For FY11, all of our channels, including direct agency and prudential assurance agency, as well as our partnership channel performed vigorously and consistently. We have also seen a steady increase in our profits reflecting the continuing growth of our business.
"We are optimistic that 2012 will be another year of success as we bring increasing focus on customer service and diversify our product offerings. We remain committed to improving the quality of our business across a number of key metrics."
KUALA LUMPUR (April 3, 2012): Syariah-compliant insurer Prudential BSN Takaful (PruBSN) posted a 41% increase in pre-tax profit for the year ended Dec 31, 2011 (FY11) to RM19.7 million from RM13.9 million a year ago.
The takaful operator also recorded gross contributions across all channels of RM527.5 million in FY11, up 32% from FY10.
In FY11, PruBSN had a market share of 29% of the takaful industry with RM231 million in annual contribution equivalent (ACE). Its assets under management grew 39% from RM484.9 million in FY10 to RM674.4 million in FY11.
PruBSN's CEO Azim Mithani said: "For FY11, all of our channels, including direct agency and prudential assurance agency, as well as our partnership channel performed vigorously and consistently. We have also seen a steady increase in our profits reflecting the continuing growth of our business.
"We are optimistic that 2012 will be another year of success as we bring increasing focus on customer service and diversify our product offerings. We remain committed to improving the quality of our business across a number of key metrics."
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