ABOUT
ECONOMY OF PRUDENTIAL
Each year, The Prudential Foundation invests more than $25 million in grants to
support the revitalization of communities and the community engagement efforts
of Prudential employees. We are living in a global, knowledge-based economy.
The long-term prospects of our nation depend on our ability to educate all of
our citizens at equal and high levels. Similarly, for our communities to thrive
in this economy, we must be focused on creating jobs, strengthening job skills,
and creating vibrant places to live and work.
Performance Prudential Indonesia when compared with the same period in 2009,
the total premium income grew by 36%, while the total premium income of Rp
Syariah units. 923 billion, or an increase of 44%. Total new business amounting
to Rp. 3.6 trillion, growing by 45% ith total assets under management amounted
to Rp. 21.9 trillion, growing by 44% over the same period in 2009. Total assets
of the company increased by 44% to Rp. 25 trillion. Starting from mid-2010, the
total number of customers has exceeded the 1.1 million inhabitants. Level of
the company’s financial health is measured from Risk Based Capital (RBC) of
766%, so far beyond the minimum requirements set by the Ministry of Finance of
120%.
In order to promote sustainable communities and improve social outcomes for
community residents, The Prudential Foundation focuses its resources on the
following area is Economic Development. We seek to enhance the vitality
of communities by improving the capability of people to earn income and attain,
preserve, and grow financial assets. We believe that low-income families can
acquire assets and become more financially secure if given the opportunity;
that workforce development works best when it is tied to the needs of local
employers and creates jobs that offer stable employment, a livable wage, and
access to affordable benefits; and that small-business development is an
important driver of economic growth and job creation. We also believe that
strong communities leverage and build on community assets (e.g., parks,
schools, educational, medical or cultural institutions, transit networks) to
bring needed resources and/or services to the community.
In the 3rd quarter of 2010 Prudential Asia life insurance business recorded a
rise in acquisition premium berasarkan Annualized Premium Equivalent (APE) by
32% to USD 1066 billion. prudential resulting in a strong performance for the
group’s growth strategy. The Foundation strives to support arts and culture
that contribute to the local economy and provide diverse opportunities for
individuals to experience and participate in the arts. We believe access to and
participation in the arts is essential to a thriving and vibrant community and
its members.
Some of the major achievements performance Prudential Indonesia per December
31, 2010 are as follows:
1.
Total premium income of Rp. 10.1 trillion, an increase of 38.9% compared to
2009.
2. New business premium income of Rp. 5.3 trillion, an increase of 59.9% compared to 2009.
3. Total premium income of Rp Sharia. 1.3 trillion, an increase of 41.9% compared to 2009.
4. Prudential Asset Indonesia increased to Rp. 25.1 trillion, an increase of 45.2% compared to 2009.
5. Risk Based Capital Ratio increased to 766%, so far beyond the minimum requirements of the finance ministry RI of 120%, indicating that the level of the financial health of the company is on a very strong position.
2. New business premium income of Rp. 5.3 trillion, an increase of 59.9% compared to 2009.
3. Total premium income of Rp Sharia. 1.3 trillion, an increase of 41.9% compared to 2009.
4. Prudential Asset Indonesia increased to Rp. 25.1 trillion, an increase of 45.2% compared to 2009.
5. Risk Based Capital Ratio increased to 766%, so far beyond the minimum requirements of the finance ministry RI of 120%, indicating that the level of the financial health of the company is on a very strong position.
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