Prudential Continues To Deliver Resilient Operational Performance Amidst Market Volatility
HONG KONG SAR – Media OutReach – 10 August 2022 –
Performance highlights for the continuing business1 on a constant (and actual) exchange rate basis2
- APE sales3 up 9 per cent (6 per cent) to $2,213 million reflecting diversified geographic footprint, product mix and distribution channels
- New business profit4 fell by (5) per cent ((7) per cent) to $1,098 million following the impact of higher interest rates and differences in geographical and channel mix
- Adjusted operating profit5 up 8 per cent (6 per cent) to $1,661 million
- Shareholder GWS capital surplus over GMCR, following Hong Kong and China regulatory changes, remains strong and resilient with a coverage ratio of 548 per cent6. Shareholder GWS capital surplus over GPCR was $16.2 billion7, equivalent to a coverage ratio of 317 per cent8
