Home / profit / New-business profit rose to 71 million in UK insurance

New-business profit rose to 71 million in UK insurance

Jackson, Prudential’s U.S. business, also posted a 26 percent rise in new-business profit to 224 million pounds, while the UK insurance arm’s new-business profit rose 15 percent to 71 million.
Bernstein analysts said the impact on Prudential’s solvency capital ratio, showing a 68-percentage-point drop to 103 percent, was “reasonably-sized”.
Regarding its first-quarter performance, Prudential said new-business profits rose to 856 million pounds ($1.12 billion), including a 26 percent rise in Asia on a constant currency basis, to 561 million pounds.
The moves are the latest in a number of management changes at Prudential since Mike Wells became chief executive in 2015.
M&G, Prudential’s UK fund management arm, saw net inflows from retail and institutional investors of 3.6 billion pounds.

Prudential profit

Regarding its first-quarter performance, Prudential said new-business profits rose to 856 million pounds, including a 26 percent rise in Asia on a constant currency basis, to 561 million pounds.
Jackson, Prudential’s U.S. business, also posted a 26 percent rise in new-business profit to 224 million pounds, while the UK insurance arm’s new-business profit rose 15 percent to 71 million.
M&G, Prudential’s UK fund management arm, saw net inflows from retail and institutional investors of 3.6 billion pounds.
Total assets under management rose 4 percent over the quarter to 275 billion pounds.
The moves are the latest in a number of management changes at Prudential since Mike Wells became chief executive in 2015.

according to

Prudential said new-business profits rose to 856 million pounds

new-business profits

Jackson, Prudential’s U.S. business, also posted a 26 percent rise in new-business profit to 224 million pounds, while the UK insurance arm’s new-business profit rose 15 percent to 71 million.
Regarding its first-quarter performance, Prudential said new-business profits rose to 856 million pounds ($1.12 billion), including a 26 percent rise in Asia on a constant currency basis, to 561 million pounds.
M&G, Prudential’s UK fund management arm, saw net inflows from retail and institutional investors of 3.6 billion pounds.
Total assets under management rose 4 percent over the quarter to 275 billion pounds.
The moves are the latest in a number of management changes at Prudential since Mike Wells became chief executive in 2015.

 

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