Prudential reports 11% rise in business profit, buoyed by strong performance in China and Southeast Asia
2025-05-03 00:09:54
FTSE 100 insurer Prudential has reported a surge in new business profit for the first nine months of its financial year, citing "broad based growth" across its international markets.
In its third-quarter trading update, the Asia-centric insurance giant revealed it had achieved £2.35 billion in new business profit globally, marking an 11% increase from the same period last year, with significant contributions from China, Southeast Asia, and Africa, as reported by City AM.
Prudential's annual premium equivalent (APE) sales reached $4.64 billion (£3.6 billion) over the period, representing a 7% uptick on a constant exchange rate basis.
"Our multi-channel distribut
