Jakarta – PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia) today announces its financial results for the second quarter of 2007.
Regular premium new business increased by 66 percent in the second quarter compared to one year ago and has achieved a year-to-date increase of 51 percent over the first half of 2006. This growth is the result of higher agency and bancassurance sales.
Single premium business increased 220 percent in the second quarter versus the same quarter last year and year-to-date sales are up 236 percent, following strong sales of Manulife’s mutual fund products and single premium unit-linked insurance. Assets under managment increased 63 per cent year-to-date compared with the same period in 2006.
“We are pleased to announce that our strong growth of the first quarter has continued into the second quarter, led by increases in sales of mutual funds and via our bancassurance channel. We are delighted with the progress our business is making in 2007 - our 22nd year of operations in Indonesia,” said Mr. David Beynon, Manulife Indonesia’s President Director.
About Manulife Indonesia
Manulife Indonesia offers the most comprehensive products and services in the Indonesian financial services industry through Life Insurance, Employee Benefits and Wealth Management products. Headquartered in Jakarta, Manulife Indonesia operates through a network of around 100 branch offices in more than 20 cities throughout the country, supported by approximately 5,000 employees and full-time professional agents who serve more than 1,000,000 customers. In June 2007, Manulife Indonesia won Insurance Award 2007 as the Best Life Insurance Company in the class of companies with equity in excess of IDR 250 billion fromMedia Asuransimagazine. In the same month, the company was listed in the Top 3 Life Insurance Companies in 2007 byInvestormagazine. And this July, Manulife Indonesia’s successes were further underlined by an “Excellent” designation fromInfoBankmagazine in its 2007 insurance rating.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$410 billion (US$386 billion) as at June 30, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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For further information, please contact:
Assistant Vice President
Tel (031) 568 6990
Fax (031) 568 6991