Business
Prudential plc – HY24 Results – IFRS
Prudential plc – HY24 Results – IFRS.
About this update from Prudential Plc
[{"type":"text","content":"\n\nIFRS disclosures\nPrudential plc Half Year 2024 results\nInternational Financial Reporting Standards (IFRS) financial results\nCondensed consolidated income statement\n\n\n\n\n \n\n\n \n\n\n2024 $m\n\n\n \n\n\n2023 $m\n\n\n\n\n \n\n\nNote\n\n\nHalf year\n\n\n \n\n\nHalf year\n\n\nFull year\n\n\n\n\nInsurance revenue\n\n\nB1.4\n\n\n4,961\n\n\n \n\n\n4,591\n\n\n9,371\n\n\n\n\nInsurance service expense\n\n\n \n\n\n(3,638)\n\n\n \n\n\n(3,489)\n\n\n(7,113)\n\n\n\n\nNet expense from reinsurance contracts held\n\n\n \n\n\n(252)\n\n\n \n\n\n(83)\n\n\n(171)\n\n\n\n\nInsurance service result\n\n\n \n\n\n1,071\n\n\n \n\n\n1,019\n\n\n2,087\n\n\n\n\nInvestment return\n\n\nB1.4\n\n\n2,495\n\n\n \n\n\n7,171\n\n\n9,763\n\n\n\n\nFair value movements on investment contract liabilities\n\n\n \n\n\n(54)\n\n\n \n\n\n(23)\n\n\n(24)\n\n\n\n\nNet insurance and reinsurance finance (expense) income\n\n\n \n\n\n(2,274)\n\n\n \n\n\n(6,496)\n\n\n(8,648)\n\n\n\n\nNet investment result\n\n\n \n\n\n167\n\n\n \n\n\n652\n\n\n1,091\n\n\n\n\nOther revenue\n\n\nB1.4\n\n\n197\n\n\n \n\n\n176\n\n\n369\n\n\n\n\nNon-insurance expenditure\n\n\n \n\n\n(532)\n\n\n \n\n\n(446)\n\n\n(990)\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(85)\n\n\n(172)\n\n\n\n\nLoss attaching to corporate transactions\n\n\nB1.1\n\n\n(69)\n\n\n \n\n\n-\n\n\n(22)\n\n\n\n\nShare of loss from joint ventures and associates, net of related tax\n\n\n \n\n\n(243)\n\n\n \n\n\n(73)\n\n\n(91)\n\n\n\n\nProfit before tax (being tax attributable to shareholders' and policyholders' returns) note\n\n\n \n\n\n506\n\n\n \n\n\n1,243\n\n\n2,272\n\n\n\n\nTax charge attributable to policyholders' returns\n\n\n \n\n\n(112)\n\n\n \n\n\n(68)\n\n\n(175)\n\n\n\n\nProfit before tax attributable to shareholders' returns\n\n\nB1.1\n\n\n394\n\n\n \n\n\n1,175\n\n\n2,097\n\n\n\n\nTotal tax charge attributable to shareholders' and policyholders' returns\n\n\nB2\n\n\n(324)\n\n\n \n\n\n(296)\n\n\n(560)\n\n\n\n\nRemove tax charge attributable to policyholders' returns\n\n\n \n\n\n112\n\n\n \n\n\n68\n\n\n175\n\n\n\n\nTax charge attributable to shareholders' returns\n\n\n ...