{
    "success": true,
    "data": {
        "id": 1288658,
        "msgid": "principals-solvency-soars-1447893297",
        "date": "2000-02-03 00:00:00",
        "title": "Principal's solvency soars",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Principal's solvency soars JAKARTA (JP): Principal Indonesia announced on Wednesday its solvency margin reached 821 percent at the end of 1999, based on the new required risk-based capital calculation. The company said this figure was far above the government's minimum requirement of 5 percent for the first quarter of this year, and far above the United States standard, which ranged between 120 percent and 150 percent.",
        "content": "<p>Principal's solvency soars<\/p>\n<p>JAKARTA (JP): Principal Indonesia announced on Wednesday its<br>\nsolvency margin reached 821 percent at the end of 1999, based on<br>\nthe new required risk-based capital calculation.<\/p>\n<p>The company said this figure was far above the government's<br>\nminimum requirement of 5 percent for the first quarter of this<br>\nyear, and far above the United States standard, which ranged<br>\nbetween 120 percent and 150 percent.<\/p>\n<p>\"With this high solvency margin, we can provide security to<br>\nour customers and continue to grow at a rapid rate,\" company<br>\npresident F. Doug Rasmussen said in a statement.<\/p>\n<p>He said at the end of 1999, Principal Indonesia acquired<br>\nadditional capital totaling US$4 million (around Rp 27.6 billion)<br>\nfrom its U.S.-based parent company Principal Financial Group.<\/p>\n<p>He said the capital injection demonstrated Principal Financial<br>\nGroup's commitment to the pension business in Indonesia and<br>\nincreased its shares in Principal Indonesia to 90 percent.<\/p>\n<p>Assets managed by Principal Indonesia rose to Rp 150 billion<br>\nlast year, representing 94 companies and 10,000 employees.<\/p>\n<p>Principal Indonesia focuses its business on retirement plans<br>\nand other services, including insurance. (jsk)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/principals-solvency-soars-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}