Prudential PLC (PUK)
Financial and insurance services are provided through the holding firm Prudential Plc. It operates through the geographic regions of Asia and the United States. The health and protection, other life, mutual, personal lines, property and casualty, group, and institutional fund management segments make up the Asia market. Fixed annuities, fixed index annuities, variable annuities (VA), and institutional product offerings are all included in the US category. The company's headquarters are in London, United Kingdom, and it was established on May 30, 1848.
Prudential Corporation Asia is the largest UK life insurer in Asia and is headquartered in Hong Kong. Since 1923, when a foreign agency for life assurance was founded in India, it has been present across the continent. Prudential relaunched in India in 2000 as ICICI Prudential, a 26% joint venture with ICICI Bank, despite being later nationalized. In 2000, they were the first UK company to re-establish a life business in China as CITIC Prudential Life, a 50-50 joint venture. Cambodia, China, Hong Kong, India, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand, and Vietnam are other countries with firms. Eastspring Investments, a division of Prudential that manages assets in Asia, with $247.8 billion in assets under management overall. Prudential has been developing a multi-product, multi-distribution business in Africa since 2014. The company presently operates in eight different African nations, including Nigeria, Ghana, Togo, and Cameroon, and it has more than a million clients. Since 2021, Nairobi has served as the regional hub for Prudential's African operations.
- Founded: 1848
- Revenue: $63.5 billion (2022)
- Net Income: 328 million (2022)
- Market Cap: $36.2 billion (2022)
- 1-Year Trailing Total Return: 1.2%
- Exchange: New York Stock Exchange
- Website: https://www.prudentialplc.com/