Yahoo  Oct 2  Comment 
The department store operator said about 12,000 retirees and surviving beneficiaries of the company's qualified pension plan had elected to receive lump-sum payments. "Although the plan has been fully funded since 2009, owing to successful...
Wall Street Journal  Oct 2  Comment 
The Economic Times  Sep 16  Comment 
As recently as last week, we have seen PFC place Rs 2,000 crore with pension funds for 5 years and 10 years tenure at very competitive rates.
Financial Times  Sep 15  Comment 
Appointment comes as insurer tries to surmount a series of tough new regulatory hurdles
The Economic Times  Sep 11  Comment 
"We focus a lot more on the bottom-up selection, so clearly valuation becomes the most important criteria," says Mrinal Singh
Forbes  Sep 8  Comment 
In a landscape of international art fairs both established and fringe, START cuts an interesting figure. An international contemporary art exhibition presented by Prudential and hosted at the Saatchi Gallery gives START all the necessary...
The Economic Times  Sep 8  Comment 
Still, if you have to invest Rs 100 in the market for a 3-year paradigm, I would suggest that your investor should invest Rs 20 today.
The Hindu Business Line  Sep 5  Comment 
The fund’s slant towards large-caps protects it against market volatility
The Hindu Business Line  Aug 30  Comment 
The fund weathers choppy phases through tactical shifts into quality large-caps
The Economic Times  Aug 24  Comment 
The best time to buy is when FIIs are selling, said S Naren, chief investment officer, ICICI Prudential Mutual Fund in an interview with ET.


Prudential plc (LON: PRU) is a UK-based financial services company with operations in the United Kingdom, the United States and Asia. It operates in the United Kingdom through its subsidiaries, primarily The Prudential Assurance Company Limited (PAC), Prudential Annuities Limited (PAL), Prudential Retirement Income Limited (PRIL) and M&G Investment Management Limited.[1] In the United States, Prudential’s main subsidiary is Jackson National Life Insurance Company.[1] The company also has operations in Hong Kong, Malaysia, Singapore, Indonesia and other Asian countries.[1]

Prudential has two segments: insurance operations and asset management operations. Prudential offers a range of retail financial products and services, and asset management services. The retail financial products and services include life insurance, pensions and annuities, as well as collective investment schemes.[1]

Business Growth

Prudential's new business profit was up 25% to £2.0 billion from £1.6 billion in 2009.[2] IFRS operating profit based on long-term investment returns increased 24% to £1.9 billion from £1.6 billion in 2009.[2]

Sales of Asian life insurance in 2010 were up 23% to £3.5 billion and margins increased to 58% from 57% in 2009.[2] Performance in Asia was driven by Indonesia (up 49%), Malaysia (up 40%), Hong Kong (up 19%) and Singapore (up 37%).[2]

In the U.S., sales of life insurance totaled £1.2 billion compared to £912 million in 2009, with profits rising 15% to £761 million.[2] Prudential took advantage of the extreme dislocation prevalent in the corporate bond market. Jackson has capitalized on the weakened competitive environment in the U.S. life insurance market and has emerged as one of the top three players in the variable annuity market in terms of sales and number two in terms of net flows.

In the UK, Prudential delivered total retail and bulk annuity sales of £820 million compared to £723 million in 2009 and new business profit of £365 million compared to £230 million in 2009.[2]

Trends and Forces

Growing demand for insurance and financial services in emerging Asian countries benefits Prudential

In recent years, Asia has been Prudential's main source of financial growth. The emerging markets of South-East Asia such as Indonesia, Malaysia, Vietnam, the Philippines, Thailand, Hong Kong, and Singapore are particularly attractive. Distribution remains critical to Prudential's business in Asia, with its unique combination of proprietary agency distribution and bank partnerships continuing to deliver excellent results. Prudential is poised to take advantage of the growing wealth of the Asian middle class.[2]

The retirement of the Baby boomer generation represents a growth opportunity for Prudential's U.S. operations

In the United States, 78 million "baby boomers" are set to retire. Prudential is poised to benefit by offering retirement products, such as annuities, to these retirees.[2]

In the U.S., Prudential has maintained its focus on value over sales volume growth, ensuring sales are delivered at highly profitable margin levels. Additionally, the flight to quality during the 2008 Financial Crisis has allowed Prudential's U.S. business to increase sales volumes and market share. Prudential plans to increase its number of licensed agents in the U.S. and registered representatives to more than 130,000.[2]


Prudential, which competes primarily in the U.S., UK, and Asian markets, competes with large insurance and financial services companies from across the world such as MetLife (MET) and Lloyds Banking Group (LYG).


  1. 1.0 1.1 1.2 1.3 Google Finance: LON: PRU
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 Prudential plc Annual Report 2010
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