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Prudential H1 operating profit up 8% to US$1.7b as sales recover 

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Tan Nai Lun
Vivienne Tay

Tan Nai Lun &

Vivienne Tay

Published Wed, Aug 10, 2022 · 01:52 PM
    • Annual premium equivalent sales - a measure of new business activity - were up 9 per cent to US$2.2 million, as conditions started to normalise in most markets.
    • Annual premium equivalent sales - a measure of new business activity - were up 9 per cent to US$2.2 million, as conditions started to normalise in most markets. PHOTO: DESMOND WEE, ST

    ASIA-FOCUSED insurer Prudential on Wednesday (Aug 10) posted an adjusted operating profit of US$1.7 billion for the half year ended Jun 30, 2022, led by gains in the group’s life and asset management segments.

    Adjusted operating profit was up 8 per cent on a constant exchange rate basis, and up 6 per cent on an actual exchange rate basis, compared with the US$1.6 billion recorded in the year-ago period.

    “It’s a resilient set of results, and I think it demonstrates our execution capability, even in these extraordinarily volatile operating and market conditions,” said Prudential’s group chief executive Mark FitzPatrick, at an earnings call following the release of the results.

    PrudentialFinancial resultsInsurance

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