Business
Prudential plc - HY21 Results - Business Review
Prudential plc - HY21 Results - Business Review.
About this update from Prudential Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2257I\n Prudential PLC\n 11 August 2021\n \n \n \n \n NEWS RELEASE\n \n \n \n \n \n 11 August 2021\n \n \n \n \n \n PRUDENTIAL PLC HALF YEAR 2021 RESULTS\n \n \n \n \n \n PRUDENTIAL DELIVERS RESILIENT PERFORMANCE AND MOVES FORWARD WITH STRATEGIC TRANSFORMATION\n \n \n \n \n \n Performance highlights on a constant (and actual) exchange rate basis \n \n \n · \n APE sales4 in Asia and Africa up 17 per cent (21 per cent) to $2,083 million, new business profit12 up by 25 per cent (29 per cent) to $1,176 million \n \n \n · \n Adjusted operating profit2 from continuing operations1 up 19 per cent (22 per cent) to $1,571 million\n \n \n · \n Completion of strategic transformation through proposed demerger of Jackson, planned to complete in September 2021\n \n \n · \n Prudential plc continues to consider raising equity of around $2.5-3.0 billion through global offering to institutions and Hong Kong retail investors, after the proposed Jackson demerger\n \n \n \n \n \n Mike Wells, Prudential plc's Group Chief Executive, said: \"We have delivered a resilient performance in the first half of 2021, against a backdrop of continuing economic and social challenges due to Covid-19 and the resulting volatility in consumer activity. Despite the constraints of the environment, our hard-working and dedicated staff and agents have continued to serve our customers and build value for our shareholders, while moving forward with our strategic transformation. \n \n \n \n \n \n \"Our operational performance in Asia and Africa reflects the strength of our strategy and our execution. In the first half of 2021, APE sales4 from Asia and Africa increased by \n 17 \n per cent11, while new business profit12 was up by \n 25 p\n er cent11. This was delivered through our platform of around 560,000 agents16 and our access to more than 28,000 bank branches15.\n \n \n \n \n \n \"Our agency and bank channels were supported by our digital transformation during the period. We are developing the capability to become a digitally enabled organisation with the capacity to serve 50 million customers by 2025. We are focused on digitalising many of our products, services and experiences so that they can be delivered by Pulse, our digital platform and ecosystem. Since its launch in 2019 to 5 August 20216 Pul...