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Islamic Finance Briefing - Categorized | Insurance (Takaful), Performance more

Takaful operator PruBSN pre-tax profit up 41pct in FY11

Posted on 03 April 2012

Shariah-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………………………………………..Full Article: Source

 
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