Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Prudential    PRU   GB0007099541

PRUDENTIAL (PRU)
My previous session
Most popular
  Report  
Delayed Quote. Delayed  - 09/21 05:35:06 pm
1814.5 GBp   +2.89%
09/21PRUDENTIAL : Changes in issued share capital
PU
09/19PRUDENTIAL : Grant of share options
PU
09/19UK Financial Watchdog Closes Life-Insurance Investigation Without..
DJ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Prudential : to Demerge M&G Prudential

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2018 | 08:55am CEST

By Oliver Griffin

Prudential PLC (PRU.LN) said Wednesday that it will demerge M&G Prudential, which also intends to sell its 12 billion pounds ($16.71 billion) U.K. annuity portfolio, to Rothesay Life.

The international financial services group said that following the demerger, M&G Prudential will be an independent U.K. and Europe savings and investment provider. Prudential PLC will continue to focus on high-growth opportunities in Asia, the U.S. and Africa, the company said.

M&G Prudential will be led by its current Chief Executive John Foley and remains on track to deliver its previously announced savings target, Prudential said. The decision to sell its U.K. annuity portfolio to Rothesay Life is part of M&G Prudential's move toward a more capital efficient and derisked business model, the company said.

Prudential PLC reported that operating profit in 2017 rose 10% to GBP4.7 billion, from GBP4.26 billion in the year-earlier period. The insurance company also said that gross premiums in 2017 rose 13% to GBP44 billion, while assets under management at M&G Prudential rose 13% to GBP351 billion, driven by record net inflows.

The group's Solvency II surplus--a measure of financial stability--rose to GBP13.3 billion, from GBP12.5 billion in 2016.

Prudential raised its final dividend to 32.5 pence a share, from 30.57 pence in 2016, taking the total dividend for the year to 47 pence, an 8% increase on the previous year.

Write to Oliver Griffin at oliver.griffin@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
PRUDENTIAL 2.89% 1814.5 Delayed Quote.-4.78%
PRUDENTIAL PLC 3.99% 185 End-of-day quote.-6.57%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PRUDENTIAL
09/21PRUDENTIAL : Changes in issued share capital
PU
09/19PRUDENTIAL : Grant of share options
PU
09/19UK Financial Watchdog Closes Life-Insurance Investigation Without Action
DJ
09/19PRUDENTIAL : Financial watchdog clears life insurers of customer mistreatment
RE
09/17PRUDENTIAL : Publication of Supplementary Prospectus
PU
09/17PRUDENTIAL : Sets Out Capital, Debt Plans for M&G Prudential
DJ
09/17PRUDENTIAL : M&G Prudential News Release
PU
09/17PRUDENTIAL : Expected capital position of M&G Prudential at the time of proposed..
PU
09/14Investec asset management spin off plan lifts shares
RE
09/07PRUDENTIAL : and the Development Research Center of the State Council in China s..
PU
More news
News from SeekingAlpha
08/12Prudential PLC (PUK) CEO Mike Wells on Q2 2018 Results - Earnings Call Transc.. 
08/10Prudential PLC Continuing To Build A More Profitable Business 
08/08Prudential reports Q2 results 
07/16Prudential Plc's PPM America launches family of nine mutual funds 
06/20AXA's Accelerated Transformation Carries Bigger Risks 
Financials (GBP)
Sales 2018 43 636 M
EBIT 2018 4 457 M
Net income 2018 3 361 M
Debt 2018 -
Yield 2018 2,77%
P/E ratio 2018 13,76
P/E ratio 2019 11,59
Capi. / Sales 2018 1,08x
Capi. / Sales 2019 1,02x
Capitalization 47 030 M
Chart PRUDENTIAL
Duration : Period :
Prudential Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRUDENTIAL
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 21,7  GBP
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Michael Andrew Wells Group Chief Executive Officer & Executive Director
Paul Victor Falzon Sant Manduca Chairman
Mark FitzPatrick Chief Financial Officer & Executive Director
Barry Lee Stowe Executive Director & CEO-North American Business
Nicolaos Andreas Nicandrou Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PRUDENTIAL-4.78%61 454
AXA-5.62%66 460
METLIFE-3.50%48 538
PRUDENTIAL FINANCIAL-8.96%43 652
AFLAC9.11%36 885
MANULIFE FINANCIAL CORP.-8.54%36 807