Prudential plc (NYSE:PUK) H1 2023 Earnings Conference Call Summary Company Overview - **Company**: Prudential plc - **Date of Call**: August 30, 2023 - **Participants**: CEO Anil Wadhwani, CFO Ben Bulmer, and other executives Key Financial Highlights - **New Business Profit**: $1.5 billion, up 39% year-on-year; growth excluding interest rate impacts was 52% [7] - **Margins**: Overall margins at 49%, flat year-on-year; improved by 4 percentage points excluding interest rate impacts [7] - **Sales Growth**: Exceeded $3 billion, a 42% increase year-on-year; agency volumes doubled due to the lifting of COVID restrictions [7] - **Bancassurance Sales**: Over $1 billion in sales for the first half of 2023 [8] Strategic Initiatives - **New Strategy**: Focus on accelerating value creation for stakeholders, emphasizing operational and financial discipline [9] - **Financial Targets**: - New business profit growth CAGR of 15% to 20% by 2027 - Doubling free surplus generation to double digits during the same period [10] - **Strategic Pillars**: Customer focus, technology-driven distribution, and scaling health business [10] Regional Performance Insights China - **Growth Potential**: Strong demand driven by aging population and high life expectancy; expected growth rate of approximately 5% [15] - **Sales Channels**: Strong performance from agency and bancassurance channels; agency productivity improved significantly [17] - **Margins**: Maintained at 43%, with a 7-point increase when excluding economic impacts [19] Hong Kong - **Market Leadership**: Reestablished leadership in the Mainland Chinese visitor segment and domestic customers; growth from both segments [21] - **Visitor Traffic**: Recovery to 70% of pre-COVID levels; optimistic about reaching 100% [22] - **Sales Composition**: 68% year-on-year growth in domestic segment; health and protection policies contributed 56% [27] Indonesia - **Sales Growth**: NBP increased by 22% in the first half; agency channel saw a 51% growth in APE [45] - **Market Position**: Strong brand presence and market leadership ambitions [46] India - **Growth Opportunities**: High out-of-pocket health expenses and low health insurance penetration present significant growth potential [36] - **Joint Venture**: Strong partnership with ICICI Prudential; focus on health insurance market growth [37] Capital Allocation and Financial Management - **Surplus Capital**: Free surplus stock of $8.4 billion; strong GWS ratio of 295% [63] - **Dividend Policy**: Targeting 7% to 9% growth in dividends, linked to free surplus generation [65] - **Investment Focus**: Prioritizing organic growth and core capabilities; exploring strategic investments in health and bancassurance [47] Operational Efficiency - **Organizational Model**: Transitioning to a centralized model to leverage economies of scale and skill; local CEOs empowered to manage their businesses [66] - **Agency Activation**: Targeting an increase in active agents from 65,000 to 85,000-90,000 by 2027 [68] Additional Insights - **Health Insurance Strategy**: Plans to enhance capabilities in health insurance, focusing on both traditional and adjacent customer journeys [57][58] - **Market Risks**: Minimal exposure to local government financing vehicles in China, with a focus on maintaining strong asset quality [69] This summary encapsulates the key points from Prudential plc's H1 2023 earnings call, highlighting financial performance, strategic initiatives, regional insights, and operational efficiency.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June, 2023 PRUDENTIAL PUBLIC LIMITED COMPANY (Translation of registrant's name into English) 13/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20 ...

life Celebrating Prudential plc Annual Report 2022 HK Stock Code: 2378 We help people get the most out of life Why we exist Why we exist Our markets in Asia and Africa typically have substantial savings and protection gaps, fuelling demand for our products. Our markets in Asia and Africa typically have substantial savings and protection gaps, fuelling demand for our products. The difference we make The difference we make Customers are at the heart of everything we do. We help our customers by making healthc ...

Table of Contents As filed with the Securities and Exchange Commission on 23 March 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR Washington, D.C. 20549 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-15040 PRUDENTIAL PUBLIC LIMITED COMPANY Exact Name of Registrant as Specified in its Charter) England and Wales FORM 20-F ☐ REGISTRATION S ...

Prudential plc (NYSE:PUK) Q4 2022 Earnings Call Transcript March 15, 2023 5:00 AM ET Company Participants Patrick Bowes - Investor Relations Anil Wadhwani - Chief Executive Officer James Turner - Chief Financial Officer Avnish Kalra - Chief Risk & Compliance Officer Lilian Ng - Managing Director of Strategic Business Group, China, Hong Kong and Taiwan Solmaz Altin - Managing Director of Strategic Business Group, India, Indonesia, Malaysia, Philippines, Laos, Myanmar, Cambodia and Africa Seck Wai-Kwong - Chi ...

TEARS | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------|-----------------------|-------|-------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Results 15 March 2023 | | Prudential plc 2022 Full Year | | | | | | | | | | | | | | | | | | | | | | | | | | | 2378.HK PRU.L | | | | | | | | | Forward-looking statements 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|---- ...

(Translation of registrant's name into English) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March, 2023 PRUDENTIAL PUBLIC LIMITED COMPANY Consolidated income statement 1 Angel Court, London, England, EC2R 7AG | | Note | 2022 $m | 2021 $m | | --- | --- | --- | --- | | Continuing operations: | | | | | Gross premiums earned | B1.3 | 23,344 | 24,217 | | Outward reinsu ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of September, 2022 PRUDENTIAL PUBLIC LIMITED COMPANY (Translation of registrant's name into English) 1 Angel Court, London, England, EC2R 7AG (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F X Form 40-F REPORT OF FOREIGN PRIVATE ISSUER The ...

Prudential plc (NYSE:PUK) H1 2022 Earnings Conference Call August 10, 2022 ET Company Participants Mark FitzPatrick - Group Executive Officer James Turner - Group Chief Financial Officer Avnish Kalra - Group Chief Risk Officer and Compliance officer Lilian Ng - Managing Director of the Strategic Business Group Dennis Tan - Managing Director of the Strategic Business Group Solmaz Altin - Managing Director of the Strategic Business Group Seck Wai-Kwong - Chief Executive Officer of Eastspring Patrick Bowes - I ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 10 August 2022 Commission File Number: 1-15040 PRUDENTIAL PUBLIC LIMITED COMPANY (Name of Registrant) 1 Angel Court, London EC2R 7AG, United Kingdom 13th Floor, One International Financial Centre, 1 Harbour View Street, Central, Hong Kong (Address of Principal Executive Offices) Indicate by check mark whether the regist ...