Prudential plc reported a 45% rise in new business profit to $3.125bn for the year ended 31 December 2023, mainly due to market focus in Asia and Africa.
Prudential plc, a global insurer and asset manager, announced strong financial results for the year ended 31 December 2023, with new business profit rising 45% to $3.125bn. The company attributed its success to a focus on execution in markets in Asia and Africa. Key financial highlights included an operating free surplus of $2.740bn from in-force insurance and asset management businesses, an adjusted operating profit of $2.893bn, and a 9% increase in the full-year dividend to 20.47 cents per share. Prudential operates in 24 markets across Asia and Africa and aims to meet its long-term targets after strong profit growth in 2023.
March 20, 2024
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