Prudential's 2022 Operating Profit Rose on Strategic Re-Positioning
15 Mars 2023 - 5:57AM
Dow Jones News
By Justina Lee
Prudential PLC said operating profit rose in 2022, supported by
a strategic re-positioning to focus solely on Asia and Africa.
The company's annualized premium equivalent sales for the year
rose 9% to $4.39 billion, it said Wednesday.
The insurance-and-investment business made an IFRS adjusted
operating profit of $3.375 billion, compared with $3.233 billion a
year earlier, it said. This is one of the company's preferred
metrics, which strips out exceptional and other one-off items and
is a closely watched figure for the industry.
The company declared a full-year dividend of 18.78 cents a
share.
The insurance company said it is seeing encouraging progress
from the lifting of Covid-19 measures across the region.
"Demand for savings products across the Hong Kong business is
driving the increase in APE sales in the first two months of 2023,"
it said.
However, the company also noted that operating conditions may
remain challenging due to the volatile macroeconomic environment
and higher inflation.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
March 15, 2023 00:42 ET (04:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Prudential (NYSE:PUK)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Prudential (NYSE:PUK)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
