Prudential plc Delivers Very Strong 2008 Full Year Results

London - 19 March 2009

Embedded Value:

  • EEV Operating Profit of £2,961 million up 17%
  • New Business Profit of £1,307 million up 8%
  • Asset management operating profit up 3% to £345 million
  • EEV Shareholders’ funds up 2% to £15.0 billion
  • Net asset value per share £5.99 (2007: £5.91)
  • Return on Embedded Value of 15.0% (2007: 15.4%)

IFRS:

  • IFRS statutory operating profit of £1,347 million up 12%
  • IFRS Shareholders’ funds of £5.1 billion (2007: £6.1 billion)
  • Net asset value per share £2.03 (2007: £2.45)

Capital & Cash:

  • Robust IGD capital surplus estimated at £1.7 billion (2007: £1.9 billion), £2.5 billion on completion of transfer of Taiwan agency business
  • Holding Company cash flow positive at £54 million
  • 2008 full year dividend increased by 5% to 18.90 pence per share
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