Lippo Life's profits up

Lippo Life's profits up

JAKARTA (JP): Publicly-listed life insurance firm PT Lippo
Life announced a 86 percent increase in its net profit to Rp 20.1
billion (US$8.5 million) last year from Rp 10.8 billion the
previous year.

The company said on Saturday that its premium revenues rose by
27.8 percent to Rp 386.6 billion last year from Rp 302.3 billion
in 1994.

Of last year's total premium revenues, Rp 86.6 billion came
from investment revenues, which indicated a 183 percent leap over
the previous year's Rp 30.6 billion.

Lippo Life, which claims a 18 percent share gain in the
country's life insurance market, recorded total assets of Rp
630.7 billion as of last December, compared to Rp 409.7 billion
as of the end of 1994. (rid)