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Saturday, 2 August 2008
Prudential's 1H Results
Prudential released its 1st half results recently. Its business performance in Asia is not as good as 2007.Some Facts (1H 2008 compared with 1H 2007):
- New business APE growth: 14% (2008), 48% (2007). Reason given by Pru: "What's your number?" and variable annuity product were introduced in Taiwan in 2007, contributed to spectacular growth
- New business profit increased by 15% to £336 mil
- Taiwan sales declined by 36% to £97 mil APE
- NB growth in other countries: Indonesia (96%), China (>50%), India (45%), Vietnam (39%)
- IFRS operating profit before tax increased by 28% to £102 mil
Source: Prudential
Labels: Prudential
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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