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Prudential (LSE:PRU) Forecasts Steady Progress Towards 2027 Profit Targets Amid Higher Sales

Fri 13 Dec 24, 09:07 AM |

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Highlights

Prudential PLC (LSE:PRU) specializes in offering health & life insurance and asset management products across Africa and Asia.

In the first half of financial year 2024, (H1FY24), Prudential reported a slight decline of 1.4% in new business profit, to USD 1,468 million, compared to USD 1,489 million in H1FY23. This decrease of USD 21 million was primarily driven by adverse channel and country mix effects, though an 8% rise excluding economic impacts reflected higher volumes in Taiwan, Singapore, and Hong Kong domestic businesses. In contrast, the EEV operating profit increased by 8.6 to USD 2,296 million. It was driven by higher profits from in-force insurance and the Eastspring asset management business.

Recent Business Update

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