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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22.60 | 2.92% | 796.80 | 792.60 | 793.00 | 796.80 | 772.60 | 788.40 | 9,700,371 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Life Insurance | 12.19B | 1.7B | 0.6432 | 12.33 | 20.48B |
From Mar 2020 to Mar 2025
By Adam Clark
Prudential PLC (PRU.LN) on Monday outlined the expected capital and debt position of its M&G Prudential business ahead of its planned demerger.
The insurer said M&G Prudential will initially have a shareholder Solvency II ratio, a key measure of balance sheet strength, of 170%. The demerged unit will hold subordinated debt of around 3.5 billion pounds ($4.6 billion).
Prudential said the expected capital and debt positions are subject to approval from the demerged entity's board.
The insurer said in March that it would split its operations to create an independent savings-and-investment provider in the U.K. and Europe, which currently operates under the name M&G Prudential. Prudential PLC will continue to focus on high-growth opportunities in Asia, the U.S. and Africa.
The timeline of the demerger is yet to be announced, although both businesses are set to remain headquartered in the U.K. and listed on the London Stock Exchange.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
September 17, 2018 02:27 ET (06:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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