Bangkok--22 Apr--Immediate Resources
Rowan D’Arcy President & CEO of The Ayudhya Insurance PCL announced 2010 performance showing better-than-the insurance industry’s growth. In all, AYUD showed 24.1% in net earned premiums on gross written premium income of Bht. 2.09 billion.
Rowan D’Arcy said that “AYUD grew its gross written premium income by 14.5%, at Bht. 2.09 billion, while net earned premium income grew by 24.1% or Bht. 1.26 billion. The company increased the number of policies from 248,402 to 281,970 during 2010. Investment income also increased by 33.06% or Bht. 313.1 million. Profit before tax increased by 6.54%, and earnings per share by 18.3%”.
Contributing factors to the outstanding performance include a well-diversified business model, with a stringent control of portfolio balance to strong capital base to smart financial investments.
On financial investment side, Mr. Chusak Salee, Managing Director of AYUD added that “AYUD is very cautious in making investments and selects only premium quality investment assets. Our strategy is very clear: 70-75% securities and the rest in the SET stocks. Consequently, AYUD was able to achieve better rate of returns on investment income at Bht. 313.1 million, or 33.06%”.
This year, AYUD plans for more new product launches with its close alliance, Bank of Ayudhya (BAY), on PROMPT packaged products, and the other is with its new alliance, CIMB Thai Bank. The new packaged insurance products are sold under EASY — PA EASY, and AUTO EASY 3+. All are sold through bancassurance units of the banks.
For further information, please contact:
Immediate Resources Limited
Khun Suthinart Suwannalak
Tel. 0-2627-9337, or 087-933-7799
E-mail:
[email protected]