Prudential – Jackson Disruption To The Headline Numbers, But Signs Of A Thriving Business Beneath
Prudential plc (LON:PRU) reported a loss after tax for the half of $4.6bn, impacted by a $7.5bn writedown in the value of US life insurance business Jackson ahead of its planned demerger. Excluding Jackson the group reported a profit after tax of $1.1bn, up by 64% year-on-year at constant exchange rates. Q2 2021 hedge fund letters, conferences and more The improvement in underlying profits reflects insurance sales growth across all regions other than Indonesia and Hong Kong, as well as improvements in asset management operating profit. The board announced an interim dividend of 5.37 cents per ...