We are an Asia-led Group focused on capturing opportunities in structural growth markets.

 

We aim to do this by

  • Serving the protection and investment needs of the growing middle class in Asia
  • Providing asset accumulation and retirement income products to US retirees
  • Offering products to new customers in Africa, one of the fastest-growing regions in the world

Asia

  • Low life insurance and mutual fund penetration
  • Significant health and protection gap
  • Growing working age population
  • Increasing consumer affluence

United States

  • Increase in retirement age population
  • Large and growing retirement asset pools
  • Growing demand for guaranteed income

Africa

  • One of the world’s most dynamic regions
  • Operating in markets with a total population of almost 400 million

Our financial performance (2020 half year)

Profit

Adjusted operating profit1,3
$2,541m
-2% on 20192
New business profit1,4
$1,160m
-45% on 20192

Cash

Operating free surplus generated before the effects of US EEV modelling enhancements made in the second half of 20191,5,6
$1,979m
+3% on 20192

Capital

LCSM shareholder surplus over Group capital minimum requirement7
$12.4bn
Shareholder LCSM ratio over Group minimum capital requirement7
334%

Notes

1. From continuing operations.
2. Growth rates on a constant exchange rate basis.
3. Adjusted IFRS operating profit based on longer-term investment returns from continuing operations.
4. New business profit, on a post-tax basis, on business sold in the period, calculated in accordance with EEV Principles.
5. For insurance operations, operating free surplus generated represents amounts maturing from the in-force business during the period less investment in new business and excludes non-operating items. For asset management businesses, it equates to post-tax adjusted operating profit for the period.
6. During the second half of 2019, as part of the implementation of the NAIC’s changes to the US statutory reserve and capital framework, enhancements were made to the model used to allow for hedging within US statutory reporting, which were subsequently incorporated into the EEV model. HY20 has been prepared on the same basis as FY19. Accordingly, operating free surplus in HY20 is $(535) million lower than it would have been if the previous EEV modelling approach applied at HY19 had been used. After allowing for this, operating free surplus generated in the first half of 2020 is $1,444 million, down (25) per cent on a constant exchange rate basis and (26) per cent on an actual exchange rate basis.
7. Surplus over Group minimum capital requirement and estimated before allowing for first interim ordinary dividend. Shareholder business excludes the available capital and minimum requirement of participating business in Hong Kong, Singapore and Malaysia.

Jackson National Life Insurance Company

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

PPM America

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).