FINANCIAL SERVICES | Staff Reporter, Singapore

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.

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