Prudentialife Posts 23.41% Market Share for January

Prudentialife Plans, Inc. posted the highest number of pre-need plans sold with 10,174 plans or a remarkable 23.41% consolidated market share for the month of January 2005.

In the latest report by the Securities and Exchange Commission (SEC), PLPI leads in selling pre-need products. For life, Prudentialife posted 60.33% market share with 8,544 plans sold; 8.92% market share for pension with 1,110 plans sold; and 10.23% market share for education with 520 plans sold.

For January to December 2004 SEC report. Prudentialife captured a consolidated market share of 20.05% with 77,766 plans sold. Prudentialife sold 21,868 life plans attaining 25.16% in the market share; 34,830 pension plans with 19.57% market share; and 21,068 education plans or equivalent of 19.12% market share.

Prudentialife President Jose Alberto T. Alba assured both planholders and employees that Prudentialife has the capability to service its obligations. "The company's trust fund is P12.5 billion as of March 31, 2005 and posted a Net Income of over P300 million last fiscal year. In fact, the latest actuarial valuation shows that Prudentialife has an excess of P1.0 billion in its trust fund," he said.