Prudential delivers strong 2019 performance

Friday, Apr 10, 2020 13:57

A Prudential Vietnam office in HCM City. The British company has reported strong growth across key financial metrics last year. — Photo courtesy of the company

Prudential Vietnam Assurance Private Ltd (Prudential) has announced its business results for 2019 with strong growth across all key financial metrics.

The British company reported revenues of VND27.54 trillion (US$1.17 billion), including VND21.952 trillion ($936.3 million) from insurance operations, a year-on-year increase of 15.4 per cent.

Pre-tax profit-increased to VND 2.69 trillion ($114.7 million).

It settled claims worth VND6.257 trillion ($266.8 million).

The company’s total assets were valued at VND103.82 trillion ($4.4 billion) by the end of 2019, a year-on-year increase of 15.3 per cent. Its total investment into the economy was VND93.93 trillion ($4 billion), an increase of 15.2 per cent over 2018.

Clive Baker, the CEO of Prudential Vietnam, said: “As demand for healthcare continues to rise in Viet Nam, I strongly believe insurers should play a supporting role alongside the Government’s efforts to help Vietnamese individuals and communities on their healthcare journey.

“Through 2019 and indeed over the course of our 20-year journey in Viet Nam, Prudential has continuously strived to provide all Vietnamese with comprehensive healthcare solutions while contributing to the country’s development. By applying more advanced technologies, Prudential is proud to be making it easier than ever for Vietnamese to protect their health and grow their wealth.” — VNS

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