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PRU Prudential Plc

722.80
30.60 (4.42%)
18 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
  30.60 4.42% 722.80 723.00 723.40 723.20 695.80 704.00 25,546,512 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6178 11.70 19.91B

Prudential PLC Considering $2.5 Billion-$3.0 Billion Equity Raise; 2020 Pretax Profit Rose

03/03/2021 9:22am

Dow Jones News


Prudential (LSE:PRU)
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From Apr 2019 to Apr 2024

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By Ian Walker

 

Prudential PLC said Wednesday that it is considering an equity raising of $2.5 billion to $3 billion once the demerger of its U.S. business has completed, as it reported a 9.3% rise in net profit for 2020.

The insurance-and-investment business said any equity raising will be through a global offering to institutional and Hong Kong retail investors.

Prudential expects to complete the demerger of Jackson Financial Inc. in the second quarter of this year. The company previously said it plans to spin off the U.S. business in the second quarter of this year and list it on the New York Stock Exchange.

Prudential made an IFRS net profit from continuing operations of $2.12 billion for the year compared with $1.94 billion in 2019.

Adjusted operating profit--one of the company's preferred metrics which strips out exceptional and other one-off items--was $5.51 billion compared with $5.31 billion.

 

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

 

(END) Dow Jones Newswires

March 03, 2021 04:07 ET (09:07 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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