News
FINANCIAL SERVICES | Staff Reporter, Singapore
view(s)

Prudential's profits up 109% to $1.5b in H1

Operating profits for longer-term investment grew to $213.9m.

Prudential records 109% YoY profit growth at $1.5b for the first half of the year. Its new-business premiums also reached $2.4b (€1.5b), an increase by 22% YoY.

Single-premium sales in Singapore climbed up by 66% to $518.7m (€323m), whilst regular premiums rose by 16% to $261.7m (€163m).

Prudential's life business was lifted by its higher operating profit that went up 5% to $3.9b (€2.4b).

New business profit from Asia went up 18% to $1.8b (€1.1b), thanks to growth from eight countries cause by improvements in the agency and bank insurance channels and its leaning towards health and protection.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.