Business
Prudential plc – HY23 Results – EEV
Prudential plc – HY23 Results – EEV.
About this update from Prudential Plc
[{"type":"text","content":"\n\nEEV Results Highlights\n \n\n\n\n\n\n\n\nHalf year 2023\n\n\n\n\n\nHalf year 2022\n\n\n \n\n\nFull year 2022\n\n\n\n\n\n\n\n \n\n\n\n\n\nAER\n\n\n \n\n\nCER\n\n\n \n\n\nAER\n\n\n\n\n\n\n\n$m\n\n\n \n\n\n$m\n\n\n% change\n\n\n \n\n\n$m\n\n\n% change\n\n\n \n\n\n$m\n\n\n\n\nNew business profitnote (i)\n\n\n1,489\n\n\n \n\n\n1,098\n\n\n36%\n\n\n\n\n\n1,069\n\n\n39%\n\n\n\n\n\n2,184\n\n\n\n\nAnnual premium equivalent (APE)note (i)\n\n\n3,027\n\n\n \n\n\n2,213\n\n\n37%\n\n\n\n\n\n2,132\n\n\n42%\n\n\n\n\n\n4,393\n\n\n\n\nNew business margin (APE) (%)\n\n\n49%\n\n\n \n\n\n50%\n\n\n(1)ppt\n\n\n\n\n\n50%\n\n\n(1)ppt\n\n\n\n\n\n50%\n\n\n\n\nPresent value of new business premiums (PVNBP)\n\n\n14,430\n\n\n \n\n\n11,728\n\n\n23%\n\n\n\n\n\n11,435\n\n\n26%\n\n\n\n\n\n22,406\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating free surplus generatednotes (i)(ii)\n\n\n1,024\n\n\n \n\n\n1,224\n\n\n(16)%\n\n\n\n\n\n1,200\n\n\n(15)%\n\n\n\n\n\n2,193\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEEV operating profitnotes (i)(iii)\n\n\n2,155\n\n\n \n\n\n1,806\n\n\n19%\n\n\n\n\n\n1,761\n\n\n22%\n\n\n\n\n\n3,952\n\n\n\n\nEEV operating profit, net of non-controlling interests\n\n\n2,144\n\n\n \n\n\n1,796\n\n\n19%\n\n\n\n\n\n1,751\n\n\n22%\n\n\n\n\n\n3,923\n\n\n\n\nOperating return on average EEV shareholders' equity, net of non-controlling interests (%)note (iv)\n\n\n10%\n\n\n \n\n\n8%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n9%\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nClosing EEV shareholders' equity, net of non-controlling interests\n\n\n43,704\n\n\n \n\n\n42,300\n\n\n3%\n\n\n\n\n\n41,907\n\n\n4%\n\n\n\n\n\n42,184\n\n\n\n\nClosing EEV shareholders' equity, net of non-controlling interests per share (in cents)\n\n\n1,588¢\n\n\n \n\n\n1,539¢\n\n\n3%\n\n\n\n\n\n1,524¢\n\n\n4%\n\n\n \n\n\n1,534\n\n\n\n\n \nNotes\n(i) Results are presented before deducting the amounts attributable to non-controlling interests. This presentation is applied consistently throughout this document, unless stated otherwise.\n(ii) Operating free surplus generated is for long-term and asset management businesses only, before restru...