Prudential Plc · LSE:PRU
Prudential — Investor Day (October 2022)
6 slides from Prudential's investor day presentation, Oct 5, 2022
Slide 1: Insight Prudential: Opportunities in Vietnam
Prudential plc Insight Prudential: Opportunities in Vietnam 5 October 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 & Phuong Tien Minh
Mark FitzPatrick & Phuong Tien Minh Group CEO CEO Prudential Vietnam Assurance
Slide 4: Vietnam: Structural demand drivers lead to strong demand for life insurance
Vietnam: Structural demand …lead to strong demand for life drivers insurance 17% CAGR 1,803 1.6% 36bn 1,450 1,733 Low Health 1,253 penetration1 protection gap2 967 6.9% ~2x Strong economic Fast growth in growth3 middle class (2020-2030E4) 2017 2018 2019 2020 2021 Life insurance industry weighted fir
Slide 5: Prudential Vietnam: Strong positioning
Prudential Vietnam: Strong positioning Strong market Multi-channel Execution positioning distribution platform APE, $m 23 years in Vietnam > 25k agents 2 173 195 217 236 242 2nd largest insurer 1 in bancassurance 2017 2018 2019 2020 2021 1 # 1 IFRS operating profit, $m 18% market share1 Strong digit
Slide 6: Vietnam: Life insurance industry landscape
Vietnam: Life insurance industry landscape HY22 market share based on FYP sales HY22 Industry channel mix (by FYP) International player A 19% Banca Prudential Vietnam 18% 49% Assurance (PVA) 51% Agency & others International player B 13% Domestic player A 11% International player C 9% HY22 Industry