Prudential's 2024 profit rises on strong Asia-Africa growth, more agents

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Prudential's 2024 profit rises on strong Asia-Africa growth, more agents - Channel News Asia

Quick Summary:

Prudential PLC posted a rise in adjusted operating profit before tax for fiscal 2024 on Thursday, as the Asia-focused insurer benefited from strong performance across business segments in Asia and Africa.

The London and Hong Kong dual-listed company also benefited from an uptick in its agent count to 67,000 in the second half of 2024, from 63,000 in the first half.

The insurer additionally attributes the earnings rise to improved cash flow for new business, better health claims management and advancements in IT infrastructure.