Prudential Vietnam reaffirms sustainable growth goals in 202

Prudential Vietnam reaffirms sustainable growth goals in 2020


Prudential Vietnam reaffirms sustainable growth goals in 2020
16:00 | 06/04/2021
Prudential secured sustainable growth and efficient business operation in 2020
In 2020, Prudential achieved a total revenue of VND33.97 trillion ($1.48 billion), of which net revenue from insurance activities reached VND24.71 trillion ($1.1 billion), an increase of 12.6 per cent from the previous year. Meanwhile, new business revenue reached VND5.48 trillion ($238.26 million), an increase of 8.7 per cent. In response to the impact of the pandemic, Prudential Vietnam made timely adjustments to its operations including applying new ways of working and optimising costs, resulting in a rise in its pre-tax profit to VND2.79 trillion ($121.3 million).
In 2020, Prudential Vietnam maintained a solvency margin of almost 140 per cent, underscoring its ability to safeguard customers’ finances. The strong results also underscore Prudential’s continued strengths in its insurance business. The company reported total assets of VND124.28 trillion ($5.4 billion), an increase of 19.7 per cent from 2019, while its total investment capital in the economy was VND112.21 trillion ($4.88 billion), an increase of 19.5 per cent.

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