Prudential Plc · LSE:PRU
Prudential — Investor Presentation (November 2022)
8 slides from Prudential's investor presentation, Nov 14, 2022
Slide 1: Insight Prudential: Opportunities in Singapore
Prudential plc Insight Prudential: Opportunities in Singapore 14 November 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain ‘forward-looking statements’ with respect to certain of Prudential's (and its wholly and jointly owned businesses’) plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives.
Slide 3: Mark FitzPatrick & Dennis Tan
Mark FitzPatrick & Dennis Tan Group Chief Executive CEO of Prudential Singapore Managing Director - Strategic Business Group covering Singapore, Thailand & Vietnam
Slide 4: Singapore: Structural demand drivers lead to strong demand for life insurance
Singapore: Structural demand …lead to strong demand for life drivers insurance 10% CAGR 5,381 30% $23bn 4,088 4,235 4,254 4,383 Out of pocket Health 3,286 healthcare spend1 protection gap2 Growing wealth #1 +8% 2016 2017 2018 2019 2020 2021 in Asia - GDP per CAGR Life insurance industry total weight
Slide 5: Singapore: Life insurance industry landscape
Singapore: Life insurance industry landscape No. of tied agents in the industry HY22 Industry channel mix1,2,3 HY22 Industry product mix1,2,3 as at 30 June 20221 Tied agency 22% Linked 31% 32% 34% (13%) (23%) (36%) Banca 14.3k (32%) Participating Others Non- (41%) 37% (55%) 44% participating Industr
Slide 6: Singapore: Strong positioning
Prudential Singapore: Strong positioning Strong market Multi-channel Execution positioning distribution platform APE, $m > 90 years in Singapore # 1 Tied agency force (>5k1 incl. >1k MDRTs) 475 576 617 660 610 743 2016 2017 2018 2019 2020 2021 A leading insurer with # 3 in bancassurance1 NBP, $m 18%
Slide 7: Singapore – important contributor to the Group
Prudential Singapore – important contributor to the Group 18% 22% New business APE sales1 profit1 82% 78% 17% 17% Life embedded IFRS segmental value1 operating profit1 83% 83% Singapore Rest of the Group 7 1. For the 6 month period ended 30 June 2022
Slide 8: Singapore – diversified product & channel mix
Prudential Singapore – diversified product & channel mix By product (by APE) By channel (by APE) 6% 23% 24% H&P Tied agency 36% 42% HY16 11% HY22 Linked HY16 HY22 Banca 9% 65% 64% 52% 68% Participating Other By type of premium (APE basis) 12% 44% Regular premium HY16 HY22 56% Single premium 88% 8