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Semester-2010, Premiums Rise 69.8% Financial Panin

JAKARTA. Performance risk underwriting company PT Panin Finance Tbk kinclong in this first half of 2010. Look it, this company premiums skyrocketed up 69.8% to Rp 562.2 billion in the first half of 2010 is compared with the achievements in the period last year to Rp 331 billion.

As a result, as conveyed President Heru Yuwono Panin Life in its financial statements, the company recorded net profit rose nearly 94.6% in the first six months in 2010. "Namely, from Rp 193.3 billion in the first half of 2009 to Rp 376.2 billion in half this year," said Heru, Sunday (eighth).

Actually, the gross premium income also contribute greatly to the company. Unfortunately, claims and benefits payable for the company during the first half of this year has also increased.

As of June 2010, Panin Financial was forced to pay claims amounting to Rp 664.8 billion from Rp 292.1 billion in June 2009. "In addition, investment returns also declined slightly from Rp 513 billion in the first half of 2009, to Rp 506 in the first half of this year," he explained.


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