November 16, 2017 / 8:46 AM / a year ago

BRIEF-Prudential CEO says no decision on UK annuity book yet; eyes U.S. M&A

Nov 16 (Reuters) - Prudential

* CEO Mike Wells says Asia ‘in some ways ours to lose’; need to get better in health and protection.

* Says still looking at bolt-on U.S. deals, yet to see one at the right price.

* Says still looking at external options for UK annuity business, no decision yet.

* Says excess capital from sale of UK annuity book would be returned to shareholders.

* CFO Mark Fitzpatrick says Asia growth broad-based, high quality; UK asset management wholesale inflows at record 9-month level.

* Says confident can grow dividend by 5 percent a year, “even under stress”. Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below