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ING Group reports positive performance.
Byline: Charoen Kittikanya
Mar. 10--The Dutch financial-services firm ING Group is upbeat about the steady growth of its life-insurance operations through Thai ING Life, following a 42.6 percent growth in total premiums in 2005 to 2.48 billion baht.
According to James Brown, chief executive officer of ING Life in Thailand, ING achieved 28 percent growth in first-year premiums, generating 920 million baht against industry growth of only 3 percent, while its renewal premiums increased 91 percent to reach 1.56 billion baht.
ING Group performed well last year with total net profit rising 25.3 percent to 7.2 billion euros (337.1 billion baht) on the ...
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Source: HighBeam Research, ING Group reports positive performance.