By P.R. Venkat
Prudential PLC's adjusted operating profit rose in 2024, supported by higher contributions from its asset-management business, Eastspring, and Bancassurance.
The insurance and investment company said Thursday that its IFRS-adjusted operating profit was $3.13 billion, up from $2.89 billion a year earlier.
Bancassurance's new business profit rose 31%, and new business margins improved before allowing for the effects of interest rate and other economic movements, driven by a higher contribution to APE sales from Health and Protection products, Prudential said.
The company declared a full-year dividend of 23.13 cents a share.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
March 19, 2025 18:49 ET (22:49 GMT)
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