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PRU Prudential Plc

735.20
-7.40 (-1.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.40 -1.00% 735.20 736.20 736.80 758.80 736.40 750.40 22,643,025 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6178 11.92 20.27B

Prudential Nine-Month Life Insurance New Business Profit Rose 17%

16/11/2017 7:06am

Dow Jones News


Prudential (LSE:PRU)
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By Ian Walker

 

Prudential PLC (PRU.LN) said Thursday that life-insurance new-business profit for the first nine months of the year increased 17% to 2.47 billion pounds ($3.26 million), reflecting higher sales and more favorable economics.

It added that the group continues to benefit from powerful and enduring demand drivers and its established platforms in Asia, the U.S., and the U.K. and Europe.

In asset management, both M&G Prudential and Eastspring have delivered a positive performance, with combined third-party retail and institutional net inflows of GBP12.8 billion, it said. This compares with net outflows of GBP8.0 billion during the same period in 2016.

The estimated group shareholder Solvency II surplus--a measure of financial stability--at Sept. 30 was GBP12.8 billion, equivalent to a cover ratio of 201% compared with GBP12.5 billion and a cover ratio of 201% on Dec. 31, 2016, Prudential said.

Prudential added that its businesses are well placed for long-term growth and the continued delivery of value for both customers and shareholders.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

November 16, 2017 01:51 ET (06:51 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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