Prudential ( (GB:PRU) ) has shared an announcement.
Prudential PLC reported its full-year 2024 financial results, highlighting an 11% increase in new business profit and a 10% rise in adjusted operating profit before tax. The company emphasized its strategic focus on improving operational capabilities and capitalizing on growth opportunities in Asia and Africa. Prudential’s strong capital position, with a free surplus ratio of 234%, supports its ongoing share buyback program and dividend increase. The company is also considering a partial divestment of its shares in ICICI Prudential Asset Management Company Limited, with plans to return net proceeds to shareholders, underscoring its commitment to disciplined capital management and enhancing shareholder returns.
More about Prudential
Prudential PLC operates in the insurance and financial services industry, primarily offering life insurance, health insurance, and asset management services. The company focuses on markets in Asia and Africa, where there is growing demand for long-term savings, protection products, and wealth management solutions.
YTD Price Performance: 21.54%
Average Trading Volume: 7,749,506
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £20.22B
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