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Prudential Results: Headlines Indicate Net Profit Miss

FINANCIALS

Prudential (PRU LN) results headlines look like a headline profit miss but a beat on new business – more to follow:


  • PRUDENTIAL FY NEW BUSINESS PROFIT $3.13B (cons: 2.95bn)
  • PRUDENTIAL FY ADJ. OPER PROFIT $2.89B (cons: 2.91bn)
  • PRUDENTIAL FY IFRS PROFIT AFTER TAX $1.7B (cons: 1.9bn)
  • Prudential: 2023 Bancassurance New Business Profit Fell 8% to $793.0M >2378.HK
  • Prudential: Bancassurance New Business Fell Due to Tough Market Conditions in Mainland China, Vietnam >2378.HK
  • Prudential: Expects 2024 Annual Dividend to Grow in 7%-9% Range >2378.HK (cons: c.8-9%)
Conf call at 0830 (London) at: https://www.investis-live.com/prudential/65d362b6d0d520120026534a/taer

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