Business
Prudential plc – HY23 Results – IFRS
Prudential plc – HY23 Results – IFRS.
About this update from Prudential Plc
[{"type":"text","content":"\n\nIFRS disclosures\nPrudential plc Half Year 2023 results\nInternational Financial Reporting Standards (IFRS) financial results\n \nCondensed consolidated income statement\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2023 $m\n\n\n\n\n\n2022* $m\n\n\n\n\n\n\n\n\n\n\n\n\n\nNote\n\n\nHalf year\n\n\n \n\n\nHalf year\n\n\n \n\n\nFull year\n\n\n\n\nInsurance revenue\n\n\nB1.4\n\n\n4,591\n\n\n \n\n\n4,159\n\n\n \n\n\n8,549\n\n\n\n\nInsurance service expenses\n\n\n\n\n\n(3,489)\n\n\n\n\n\n(2,879)\n\n\n\n\n\n(6,267)\n\n\n\n\nNet expense from reinsurance contracts held\n\n\n\n\n\n(83)\n\n\n\n\n\n(22)\n\n\n\n\n\n(105)\n\n\n\n\nInsurance service result\n\n\n\n\n\n1,019\n\n\n\n\n\n1,258\n\n\n\n\n\n2,177\n\n\n\n\nInvestment return\n\n\nB1.4\n\n\n7,171\n\n\n\n\n\n(23,872)\n\n\n\n\n\n(29,380)\n\n\n\n\nFair value movements on investment contract liabilities\n\n\n\n\n\n(23)\n\n\n\n\n\n67\n\n\n\n\n\n67\n\n\n\n\nNet insurance finance (expense) income\n\n\n\n\n\n(6,496)\n\n\n\n\n\n21,707\n\n\n\n\n\n27,430\n\n\n\n\nNet investment result\n\n\n\n\n\n652\n\n\n\n\n\n(2,098)\n\n\n\n\n\n(1,883)\n\n\n\n\nOther revenue\n\n\nB1.4\n\n\n176\n\n\n\n\n\n204\n\n\n\n\n\n436\n\n\n\n\nNon-insurance expenditure\n\n\n\n\n\n(446)\n\n\n\n\n\n(592)\n\n\n\n\n\n(1,019)\n\n\n\n\nFinance costs: interest on core structural borrowings of shareholder-financed businesses\n\n\n\n\n\n(85)\n\n\n\n\n\n(103)\n\n\n\n\n\n(200)\n\n\n\n\nGain attaching to corporate transactions\n\n\nD1\n\n\n-\n\n\n\n\n\n62\n\n\n\n\n\n55\n\n\n\n\nShare of loss from joint ventures and associates, net of related tax\n\n\n\n\n\n(73)\n\n\n\n\n\n(54)\n\n\n\n\n\n(85)\n\n\n\n\nProfit (loss) before tax (being tax attributable to shareholders' and policyholders' returns)note\n\n\n\n\n\n1,243\n\n\n\n\n\n(1,323)\n\n\n\n\n\n(519)\n\n\n\n\nTax charge attributable to policyholders' returns\n\n\n\n\n\n(68)\n\n\n\n\n\n(24)\n\n\n\n\n\n(124)\n\n\n\n\nProfit (loss) before tax attributable to shareholders' returns\n\n\nB1.1\n\n\n1,175\n\n\n\n\n\n(1,347)\n\n\n\n\n\n(643)\n\n\n\n\nTotal tax charge attributable to shareholders' and policyholders' returns\n\n\nB2\n\n\n(296)\n\n\n\n\n\n(182)\n\n\n\n\n\n(478)\n\n\n\n\nRemove tax charge attributable to policyholders' returns\n\n\n\n\n\n68\n\n\n\n\n\n24\n\n\n\n\n\n124\n\n\n\n\nTax charge attributable to shareholders' returns\n\n\n\n\n\n(228)\n\n\n\n\n\n(158)\n\...