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Thursday, 11 September 2008
FY 2008 Results - Hong Leong Assurance
For the FY June 2008, Hong Leong Assurance (HLA) posted a lower pre-tax profit of RM105.7 mil, compared with RM117.5 mil in FY 2007. HLA attributed the results to the poor market performance.Other facts:
- Revenue: RM1.49 bil (2008) vs RM1.43 bil (2007), growth: 4%
- Gross premium: RM1.21 bil (2008) vs RM1.17 bil (2007)
- Life gross premium: RM782.1 mil (2008) vs RM740.1 mil (2007), growth: 5.7%
- General gross premium: RM425.8 mil (2008) vs RM433.4 mil (2007). Reason: tighter risk management, better underwriting profit.
Business performance/strategies:
- Overwhelming response to new product: Premier Cash
- Increase life agency force from 3,000 to 4,000 in FY 2009
- Distribution: to leverage on Hong Leong Bank's wide network of branches
Source: Business Times
Labels: Business Targets, HLA
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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