|Bid||20.50 x N/A|
|Ask||22.50 x N/A|
|Day's range||22.25 - 22.25|
|52-week range||22.25 - 25.40|
|Beta (3Y monthly)||0.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.63 (2.85%)|
|1y target est||14.00|
JAKARTA and HONG KONG - Media OutReach - 10 June 2019 - PT Prudential Life Assurance ("Prudential"), a business unit of Prudential Corporation Asia, today announced a strategic partnership with PT Visionet International ("OVO"), a leading digital payments, rewards and financial services platform in Indonesia. The partnership significantly enhances Prudential's reach in one of Asia's fastest-growing insurance markets with a digitally-savvy population.
HONG KONG and LONDON - Media OutReach - 31 May 2019 - Prudential Corporation Asia ("Prudential") (2378.HK) today announced it has established a strategic partnership with UK-based health technology and services company Tictrac to provide personalised wellness services to consumers in Asia, engaging them on their lifestyle goals and helping them lead healthier, longer lives. The collaboration reinforces Prudential's broader commitment to making healthcare affordable and accessible across the region by leveraging digital health technologies and best-in-class partnerships.
Yangon, Myanmar, Apr 5, 2019 - (Media OutReach) - Prudential plc, one of the world's leading financial services groups, has been selected as a "preferred applicant" for the licence to establish a wholly-owned life insurance business in Myanmar. The selection was announced by the Ministry of Planning and Finance (MoPF) on 5 April and is a key step in the process to receive a full licence to provide life insurance products and services to the Myanmar population. Mr Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said, "We are very grateful for the support we have received from the Myanmar government.
YANGON,MYANMAR - MediaOutReach - 5 APRIL 2019 - Prudential plc, one of the world's leading financialservices groups, has been selected as a "preferred applicant" for the licenceto establish a wholly-owned life insurance business in Myanmar. The selectionwas announced by the Ministry of Planning and Finance (MoPF) on 5 April and isa key step in the process to receive a full licence to provide life insurance productsand services to the Myanmar population. MrNic Nicandrou, Chief Executive of Prudential Corporation Asia, said, "We arevery grateful for the support we have received from the Myanmar government.Prudential has been operating in the region for more than 95 years, serving theevolving needs of over 15 million customers.
Britain's biggest insurer, Prudential, has transferred 36 billion pounds in customer assets to its new Luxembourg subsidiary ahead of Brexit, it said on Wednesday, as the company reported a six percent rise in operating profit. Insurers and banks have been shifting hundreds of billions of pounds in assets to European Union subsidiaries regardless of the form Brexit takes, reversing decades of European financial market integration and chipping away at the City of London’s dominance. British Prime Minister Theresa May suffered a second, heavy parliamentary defeat on the withdrawal deal she struck with the EU on Tuesday, leaving open the possibility of an abrupt, economically damaging Brexit without a transition arrangement.
A loss in Prudential's individual life insurance business and lower operating income in its asset management unit were among the factors that drove the company's fourth-quarter performance. The No. 1 U.S. life insurer by assets reported adjusted operating income, which excludes realized gains and losses from investments, of $1 billion (£772 million), or $2.44 per share, compared with $1.2 billion, or $2.69 per share, in the year-ago quarter. Adjusted operating income for PGIM, Prudential's asset management arm, fell 20.6 percent to $243 million from $306 million a year earlier, the company said.
China's Union Life Insurance is planning to sell a controlling stake, and the deal could attract locals and foreigners looking to tap into the country's growing demand for insurance products, three people familiar with the matter said. Union Life, expected to be valued at $1.5 billion to $2 billion, plans to sell as much as 51 percent, with an option to raise that to 100 percent later, said the people, who declined to be named as the deal process is not public yet. AIA, the world's second-largest life insurer by market value, and the Asian unit of Prudential are among the foreign players likely to submit initial bids due over the next few weeks, the people added.
The Philadelphia-based company said it had net income of 22 cents per share. The bank holding company posted revenue of $10.4 million in the period. Its adjusted revenue was $6.4 million. Prudential Bancorp ...
HONG KONG, Jan 14, 2019 - (Media OutReach) - CITIC-Prudential Life Insurance Company Limited ("CITIC-Prudential") has received approval from the China Banking and Insurance Regulatory Commission ("CBIRC") to begin preparatory work for the establishment of a new branch in Shaanxi province -- the company's 20th branch in China. The expansion is part of CITIC-Prudential's commitment to extend its footprint in China and serve the protection and savings needs of millions of consumers in one of the country's most prominent regions. Nic Nicandrou, Chief Executive of Prudential Corporation Asia and Chairman of CITIC-Prudential, said: "China is central to Prudential's growth strategy and represents our third-largest growth market in Asia.
We are in desperate need to pay off the credit card for last month. The deadline to pay £5,000 has come and gone. We also have a cruise booked and paid for, which we are going on for five weeks.
HONG KONG, Jan 3, 2019 - (Media OutReach) - In Asia, billions of people are looking to progress in life -- with big dreams, energy and a work ethic to match. For consumers of today and tomorrow who are living life at full speed in a digital world, Prudential Corporation Asia is reinforcing its commitment with "Listening. Prudential is also launching a campaign called "We DO", designed to celebrate, acknowledge and centre around the drive and optimism of people who do and what the company can do for them.
HONG KONG, Dec 6, 2018 - (Media OutReach) - Prudential Corporation Asia (2378.HK) and Prudential Hong Kong have won top honours in this year's AsianInvestor's Institutional Excellence Awards. At the awards ceremony held in Singapore on 5 December, Prudential Corporation Asia was named the winner in the institutional category (Insurance) while Prudential Hong Kong attained the accolade in the market category (Hong Kong). In its fifth year, the Institutional Excellence Awards programme recognises the region's leading asset owners in terms of their investing prowess and excellence.
The Philadelphia-based company said it had profit of 27 cents per share. The bank holding company posted revenue of $10.1 million in the period. Its adjusted revenue was $6.7 million. For the year, the ...
Years of flattering fund reports from Prudential convinced David Mitchell, 69, that he was due a fair-sized pension. When it didn't materialise, he launched a decade-long campaign for answers in plain English. But experts say financial firms are still bamboozling consumers and putting them at risk.
HONG KONG/BEIJING, Nov 19 (Reuters) - China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said. Britain's Prudential Plc and Canada's Sun Life Financial Inc are among insurers who expressed interest in recent months in owning more of their China operations. China has set an agenda to open up its financial sector and has already taken steps this year to relax foreign ownerships in securities ventures.
Prudential , Britain's largest insurer, said new business profit from its life insurance operations rose 17 percent in the first nine months of the year, driven by another robust performance in Asia. After a tough year for many asset managers, however, Prudential said its two fund management units, M&G Investments and Asia-focused Eastspring, had both posted net outflows of external client money. "A key positive in Prudential's trading update is a move up in Asian volume growth," said KBW analyst Greig Paterson in a note to clients, flagging an 'outperform' rating and 2,100 pence price target, although he called the outflows "disappointing".