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Prudential unveils $1.1 billion buyback, H1 profit rises

Prudential has today unveiled a $1.1 billion share buyback plan and signalled higher dividends over the next two years, after posting a 12% rise in first-half new business profit on robust performance across key markets.

Business • 27 Aug

Prudential has posted an adjusted operating profit before tax of $3.13 billion 2024, a 10% increase compared with the previous year

Prudential's annual profit rises, firm bullish on growth

Prudential has today posted a solid increase in annual profit, propelled by strong growth in most of its segments, and robust demand for insurance products in Hong Kong and Singapore.

Business • 20 Mar

Prudential today reported a 3.6% rise in first-half operating profit

Prudential H1 profit up 3.6% helped by Chinese demand

Prudential has today posted a 3.6% rise in first-half operating profit, as the Asia-focused insurer benefited from a rebound in Chinese investors buying insurance products in Hong Kong, its key revenue centre.

Business • 30 Aug 23

Prudential said there were no implications for its financial performance, results or operation from the move

Prudential CFO to leave as conduct fails standards

Prudential said today its chief financial officer, James Turner, would leave the company after a code of conduct investigation into a recent recruitment showed he had fallen short of its standards.

Business • 31 May 23

Prudential's main businesses are in Asia and the US after it spun off its British unit last year

Prudential plans IPO of US business as profits up 20%

Insurer Prudential said today it was planning an initial public offering of part of its US business as it fights demands from rebel investor Third Point to offload the whole of the business.

Business • 11 Mar 20

The split will leave Prudential as a company focused on Asia, the US and Africa.

Prudential to spin off UK and European business

Prudential is to spin-off its UK and European division from its international businesses as part of a radical break-up of the 170-year-old company.

Business • 14 Mar 18

UKAR sold the first tranche of Bradford & Bingley's mortgage portfolio in March to Prudential and Blackstone for £11.8 billion

UKAR expects to sell Bradford & Bingley loans by March

Britain's 'bad bank', which is charged with winding down the assets of two bailed-out lenders, said it expects to sell the remainder of its Bradford & Bingley's mortgage portfolio by March next year.

Business • 04 Jul 17

Prudential reports operating profits of €4 billion for 2015

Prudential's operating profit jumps 22%

Insurer Prudential today posted a 22% rise in pretax operating profit for 2015, beating forecasts and boosted by strong performances at its British, US and Asian life businesses.

Business • 09 Mar 16

Tidjane Thiam to leave Prudential to become new boss at Credit Suisse

Prudential's Thiam to leave for Credit Suisse job

Prudential today paid tribute to "one of the most exceptional leaders" in its history after boss Tidjane Thiam announced plans to leave the insurer.

Business • 10 Mar 15

Prudential's CEO Tidjane Thiam says the company does not see a hard landing in China

Prudential upbeat on Asia and US operations

Prudential said the economic outlook for Asia and the US was good as it reported a double-digit rise in profit from new business in the first nine months of the year.

Business • 18 Nov 14

Prudential's chief executive Tidjane Thiam reports 'strong performance" for last year

Prudential's 2013 net profits tumble

Prudential said today that net profits slumped by nearly 40% last year, as it suffered from turbulence in emerging markets.

Business • 12 Mar 14

Prudential raises its interim dividend by 15.8%

Insurer Prudential's H1 profits jump 22%

UK insurer Prudential has reported a 22% rise in first-half operating profits, as it benefited from its exposure to fast-growing Asian markets.

Business • 12 Aug 13

UK's Financial Services Authority fines censures Prudential's CEO

UK regulator fines Prudential £30m

Britain's financial services regulator has fined insurer Prudential £30m and censured its chief executive over its handling of a failed bid to acquire rival AIA in 2010.

Business • 27 Mar 13

Prudential eyes emerging Asia expansion

Prudential wants to expand its foothold in emerging southeast Asian economies after the region drove a better than expected 13% increase in its half-year profit.

Business • 10 Aug 12

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