JAKARTA: PT Asuransi Jiwa Manulife Indonesia Pension Fund allocated IDR4.57 trillion investment as of December 2011, up 16.28% from IDR3.93 trillion a year earlier.
Based on financial statement published on Monday, April 30, 2012, the company allocated IDR2.58 trillion to time deposit portfolio or 56.45% higher from the total investments. Such investment jumped almost twofold from IDR890.23 billion in 2010.
Investment on government bond fell 41.33% to IDR1.32 trillion last year. Manulife Pension Fund increased its equity investment by 30.69% to IDR630.92 billion from IDR482.74 billion.
The company, which is chaired by Alan Edward Merten, recorded IDR360.76 billion income or slightly decreased by 1.52% from IDR366.33 billion last year.
Investment expense rose 16.88% to IDR4.50 billion from IDR3.85 billion last year.
Its return on investment slightly declined 1.71% to IDR356.26 billion from IDR362.47 billion in 2010. Meanwhile, profit after tax reached IDR308.22 billion or down 3.46% from IDR319.27 billion.
Based on the cash flow statement, Manulife Pension Fund received IDR828.75 premiums. The payment of pension benefits reached IDR280.48 billion in 2011. (T06/msw)
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