27 Jul 2000

2000 Interim Results

  • Record insurance and investment sales of £7 billion
  • New business achieved profits up 15% to £317 million
  • Statutory operating profit up 14% to £425 million
  • Dividend increases 6.5% to 8.2 pence per share
  • Successful listing on New York Stock Exchange and Initial Public Offering of Egg
  • Prudential to run TUC stakeholder pension scheme - access to 5.5 million eligible trade union members

Commenting on Prudential's 2000 interim results, Jonathan Bloomer, group chief executive of Prudential plc, said:

"I am pleased with our achievements in the first half of the year. In particular, our successful listing in New York and the initial public offering of a minority stake in Egg.

In the US, Jackson continues to drive forward its strategy of broadening its product range and distribution reach. This has resulted in another strong performance with record sales in the first half of the year.

In the UK, we are delighted that the Trades Union Congress (TUC) has chosen Prudential to run its Stakeholder pensions scheme which gives us access to five and a half million eligible trade union members. The TUC appointment demonstrates the strength of our stakeholder proposition.

Our Asian operations have had another highly impressive six months with an almost three-fold increase in new business.

We have built a powerful multi-brand, multi-distribution business model in the international retail financial services markets that is well placed to face the challenges ahead and positioned to deliver long-term out-performance."

For further information please contact:

Media: Analysts:      
Jeremy Reynolds + 44 20 7548 3721 Tina Christou + 44 20 7458 3719
Rebecca Burrows +44 20 7548 3537 Stuart Blackmore + 44 20 7548 3520

Notes to Editors:

A presentation to analysts will take place at 10.00 am at Laurence Pountney Hill, London EC4R 0HH. A webcast of the presentation and the presentation slides will be available on the group's website, www.prudential.co.uk. Photographs are available at www.newscast.co.uk.

For futher information, please refer to the Interim Report 2000 by clicking below:

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).