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Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Prudential ‍Group IFRS books FY Operating Profit of 4.7 billion stg​
Wednesday, 14 Mar 2018 03:09am EDT 

March 14 (Reuters) - Prudential Plc ::‍GROUP IFRS OPERATING PROFIT 4 OF £4,699 MILLION, UP 6 PER CENT ​.‍US SEPARATE ACCOUNT NET INFLOWS 6 OF £3.5 BILLION CONTRIBUTING TO SEPARATE ACCOUNT ASSETS 19 PER CENT HIGHER AT £130.5 BILLION​.‍FULL YEAR 2017 ORDINARY DIVIDEND INCREASED BY 8 PER CENT TO 47 PENCE PER SHARE​.‍GROUP SOLVENCY II SURPLUS ESTIMATED AT £13.3 BILLION, EQUIVALENT TO A COVER RATIO OF 202 PER CENT​​.‍M&G PRUDENTIAL HAS DELIVERED RECORD LEVELS OF EXTERNAL ASSET MANAGEMENT NET INFLOWS OF £17.3 BILLION, CONTRIBUTING TO TOTAL ASSETS UNDER MANAGEMENT 7 OF £351 BILLION.​.  Full Article

Prudential mean gender pay gap 29.7 pct, mean bonus gap 75.6 pct
Friday, 9 Mar 2018 05:37am EST 

March 9 (Reuters) - Prudential ::SAYS MEAN GENDER PAY GAP 29.7 PERCENT, MEAN BONUS GAP 75.6 PERCENT.  Full Article

Capita Says Prudential's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 04:00am EST 

Jan 16 (Reuters) - Capita Plc ::PRUDENTIAL SAID ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS TO BE TRANSFERRED FROM CAPITA TO NEW SUPPLIER ON JULY 31.PRUDENTIAL'S LIFE AND PENSIONS OPERATIONS EXPECTED TO CONTRIBUTE REVENUE OF ABOUT 80 MILLION STG TO CAPITA IN FY 2017.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.  Full Article

Capita's Life, Pensions Business Administration To be Transferred From Capita
Tuesday, 16 Jan 2018 04:00am EST 

Jan 16 (Reuters) - Capita Plc ::‍ANNOUNCED THAT ADMINISTRATION OF ITS LIFE AND PENSIONS BUSINESS WILL BE TRANSFERRING FROM CAPITA TO A NEW SUPPLIER ON 31ST JULY 2018​.‍CAPITA WILL CONTINUE TO ADMINISTER PRUDENTIAL'S INTERNATIONAL OPERATIONS​.LIFE AND PENSIONS OPERATIONS ARE EXPECTED TO CONTRIBUTE REVENUE OF AROUND £80M TO CAPITA IN FULL YEAR TO DECEMBER 2017..  Full Article

Siam Commercial Bank and Prudential Thailand Sign Unit-Linked Bancassurance Partnership
Wednesday, 10 Jan 2018 03:30am EST 

Jan 10 (Reuters) - Prudential Plc ::SIAM COMMERCIAL BANK- HAS SGREED WITH PRUDENTIAL LIFE ASSURANCE AGREED TO ESTABLISH A BANCASSURANCE PARTNERSHIP.SIAM COMMERCIAL BANK- PARTNERSHIP TO JOINTLY DEVELOP AND PROVIDE INSURANCE SOLUTIONS FOR SCB'S WEALTH SEGMENT CUSTOMERS.SIAM COMMERCIAL BANK- SCB AND PRUDENTIAL THAILAND WILL INITIALLY OFFER THREE-UNIT LINKED PRODUCTS WITH BOTH REGULAR AND SINGLE PREMIUM OPTIONS.  Full Article

Prudential CEO says no decision on UK annuity book yet; eyes U.S. M&A
Thursday, 16 Nov 2017 03:41am EST 

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"..  Full Article

Prudential says 9-mth ‍life insurance new business profit up 17 pct
Wednesday, 15 Nov 2017 11:12pm EST 

Nov 16 (Reuters) - Prudential Plc :‍NEW BUSINESS PROFIT INCREASED 15 PERCENT TO £1,616 MILLION IN FIRST NINE MONTHS​ IN ASIA .9-MONTH ‍LIFE INSURANCE NEW BUSINESS PROFIT INCREASED BY 17 PER CENT TO £2,469 MILLION​.  Full Article

M&G lends $683 mln to Lodha to develop prime London property
Tuesday, 10 Oct 2017 06:06am EDT 

Oct 10 (Reuters) - Prudential Plc :m&g investments says provides 517 million pounds ($682.49 million) stg loan to lodha uk to develop 1, grosvenor square, london.  Full Article

Prudential says Penny James to step down as group chief risk officer
Friday, 8 Sep 2017 04:32am EDT 

Sept 8 (Reuters) - PRUDENTIAL PLC ::‍PENNY JAMES TO STEP DOWN​.ANNOUNCES THAT PENNY JAMES IS STEPPING DOWN FROM HER ROLE AS GROUP CHIEF RISK OFFICER AND FROM BOARD ON 30 SEPTEMBER 2017.‍PENNY JAMES IS STEPPING DOWN FROM HER ROLE AS GROUP CHIEF RISK OFFICER AND FROM BOARD ON 30 SEPTEMBER 2017​.‍PAT CASEY, CURRENTLY CHIEF RISK AND COMPLIANCE OFFICER AT PRUDENTIAL UK & EUROPE, WILL TAKE UP ROLE OF GROUP CHIEF RISK OFFICER ON AN INTERIM BASIS​.‍PERMANENT REPLACEMENT FOR MS JAMES WILL BE ANNOUNCED IN DUE COURSE​.  Full Article

Direct Line brings on Prudential's CFO as new finance head
Friday, 8 Sep 2017 04:30am EDT 

Sept 8 (Reuters) - DIRECT LINE INSURANCE GROUP PLC ::‍PENNY JAMES TO SUCCEED JOHN REIZENSTEIN AS CFO OF DIRECT LINE GROUP​.‍PENNY JAMES WILL JOIN COMPANY AS CHIEF FINANCIAL OFFICER-DESIGNATE AND BOARD AS AN EXECUTIVE DIRECTOR ON 1 NOVEMBER 2017​.JAMES ‍WILL SUCCEED JOHN REIZENSTEIN AS CHIEF FINANCIAL OFFICER ON 1 MARCH 2018, ALL SUBJECT TO USUAL REGULATORY APPROVALS.  Full Article

Academic and banker appointed to Bank of England regulation committee

LONDON Britain's finance ministry said on Monday it had appointed academic Julia Black and former investment banker Jill May to serve on the Bank of England's Prudential Regulation Committee (PRC), which regulates financial institutions.