Prudential plc Full Year 2023 Results: Continuing Strong Performance

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Media Outreach
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HONG KONG SAR – Media OutReach Newswire – 20 March 2024 – Prudential plc (“Prudential”; HKEX: 2378; LSE: PRU) today announced its financial results for the year ended 31 December 2023.

Performance highlights on a constant (and actual) exchange rate basis

  • New business profit up 45 per cent (43 per cent) to $3,125 million. Excluding the effect of interest rate and other economic movements, new business profit up 47 per cent (45 per cent)
  • Operating free surplus generated from in-force insurance and asset management business of $2,740 million (2022: $2,725 million ($2,760 million))
  • Adjusted operating profit up 8 per cent (6 per cent) to $2,893 million
  • EEV shareholders’ equity is up 7 per cent to $45.3 billion, equivalent to 1,643 cents per share, on an AER basis.
  • GWS shareholder capital surplus over GPCR of $16.1 billion, equivalent to a cover ratio of 295 per cent (31 December 2022: 307 per cent)
  • Second interim dividend of 14.21 cents per share, 20.47 cents per share for the full year, up 9 per cent

https://www.prudentialplc.com/