Prudential PLC Nine-Month Sales Rose on Strong Growth in Key Markets

Dow Jones11-06

By P.R. Venkat

Prudential PLC's nine-month sales rose on strong growth seen in key markets including mainland China, Hong Kong and some Southeast Asian regions.

The insurance and investment business said Wednesday that its APE sales -- a measure that comprises the aggregate of annualized regular premiums and a 10th of single premiums on new business written during the year for all insurance products -- rose 5% to $4.64 billion.

The insurer's business has seen robust growth since the lifting of pandemic restrictions in China and Hong Kong in early 2023.

Prudential PLC said it is on track to achieve its new business profit growth trajectory of 9%-13% for 2024.

New business profit rose 10% to $2.35 billion, which it attributed to its multimarket, multichannel strategy.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

November 05, 2024 17:34 ET (22:34 GMT)

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Venkat \n\n\n \n\n\n  Prudential PLC's nine-month sales rose on strong growth seen in key markets including mainland China, Hong Kong and some Southeast Asian regions. \n\n\n  The insurance and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"K6S.SI","symbol_name":"英国保诚","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481668680","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481668680","pubTimestamp":1730846040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Prudential PLC's nine-month sales rose on strong growth seen in key markets including mainland China, Hong Kong and some Southeast Asian regions.The insurance and investment business said Wednesday that its APE sales -- a measure that comprises the aggregate of annualized regular premiums and a 10th of single premiums on new business written during the year for all insurance products -- rose 5% to $4.64 billion.The insurer's business has seen robust growth since the lifting of pandemic restrictions in China and Hong Kong in early 2023.Prudential PLC said it is on track to achieve its new business profit growth trajectory of 9%-13% for 2024.New business profit rose 10% to $2.35 billion, which it attributed to its multimarket, multichannel strategy.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"K6S.SI":"英国保诚","02378":"保诚","PUK":"英国保诚"},"translate_title":"保诚集团九个月销售额因主要市场强劲增长而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02378":0.9,"K6S.SI":0.9,"PUK":0.9},"content_text":"By P.R. 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