Business
Prudential plc – HY24 Results – EEV
Prudential plc – HY24 Results – EEV.
About this update from Prudential Plc
[{"type":"text","content":"\n\nEuropean Embedded Value (EEV) basis results\nEEV results highlights\n\n\n\n\n \n\n\n2024\n\n\n \n\n\n2023\n\n\n\n\n \n\n\nHalf year\n\n\n \n\n\nHalf year\n\n\n \n\n\nFull year\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$m\n\n\n% change\n\n\n% change\nexcluding economics\n\n\n \n\n\n$m\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\nnote (v)\n\n\n \n\n\n \n\n\n\n\nNew business profitnote (i)\n\n\n1,468\n\n\n \n\n\n1,489\n\n\n(1)%\n\n\n \n\n\n1,457\n\n\n1%\n\n\n8%\n\n\n \n\n\n3,125\n\n\n\n\nAnnual premium equivalent note (i)\n\n\n3,111\n\n\n \n\n\n3,027\n\n\n3%\n\n\n \n\n\n2,940\n\n\n6%\n\n\n6%\n\n\n \n\n\n5,876\n\n\n\n\nNew business margin (%)\n\n\n47%\n\n\n \n\n\n49%\n\n\n-2pp\n\n\n \n\n\n50%\n\n\n-3pp\n\n\n+1pp\n\n\n \n\n\n53%\n\n\n\n\nPresent value of new business premiums\n\n\n14,077\n\n\n \n\n\n14,430\n\n\n(2)%\n\n\n \n\n\n14,098\n\n\n \n\n\n \n\n\n \n\n\n28,737\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\n\n\n\nOperating free surplus generated notes (i)(ii)\n\n\n983\n\n\n \n\n\n1,024\n\n\n(4)%\n\n\n \n\n\n1,001\n\n\n(2)%\n\n\n \n\n\n \n\n\n2,007\n\n\n\n\nOperating free surplus generated from in-force insurance and asset management businesses notes (i)(ii)\n\n\n1,351\n\n\n \n\n\n1,438\n\n\n(6)%\n\n\n \n\n\n1,405\n\n\n(4)%\n\n\n \n\n\n \n\n\n2,740\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\n\n\n\nEEV operating profit notes (i)(iii)\n\n\n2,296\n\n\n \n\n\n2,155\n\n\n7%\n\n\n \n\n\n2,115\n\n\n9%\n\n\n \n\n\n \n\n\n4,546\n\n\n\n\nEEV operating profit, net of non-controlling interests\n\n\n2,230\n\n\n \n\n\n2,144\n\n\n4%\n\n\n \n\n\n2,107\n\n\n6%\n\n\n \n\n\n \n\n\n4,526\n\n\n\n\nOperating return on embedded value (%) note (iv)\n\n\n11%\n\n\n \n\n\n11%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n12%\n\n\n\n\n \n\n\n \n\n\n \n...