Prudential operating profit up 16% to US$3.2b

Singapore

ASIA-FOCUSED insurer Prudential posted a total adjusted operating profit before tax of US$3.2 billion on Wednesday (Mar 9), up 16 per cent from US$2.8 billion in the year-ago period.

The London- and Hong Kong-listed company saw a 13 per cent rise in new business profit to US$2.5 billion. Annual premium equivalent (APE) sales - a measure of new business activity - were up 8 per cent to US$4.2 billion.