Prudential plc Delivers Strong Half Year 2009 Results In Challenging Conditions

London - 13 August 2009

Capital & Dividend:

  • Improved and very strong Insurance Groups Directive ("IGD") capital surplus estimated at £3.0 billion at 31 July 2009 and £2.5 billion at 30 June 2009 (before any allowance for 2009 interim dividend)
  • 2009 half year dividend increased by 5% to 6.29 pence per share

IFRS:

  • IFRS operating profit of £688 million up 6% *

Embedded Value:

  • New Business Profit of £691 million up 25% *
  • EEV Operating Profit of £1,246 million down 8% *

New Business:

  • Group EEV new business profit margin of 52% on an APE basis (2008: 38%) *
  • Group new business APE premiums of £1,321 million down 8% *

* 2008 comparatives are at actual exchange rates (AER). In order to facilitate comparisons for the Group’s current business amounts shown for 2009 and 2008, new business and profit related KPIs exclude those of the Taiwan agency business for which the sale process was completed in June 2009.

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