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About our Prudential News
Latest news on Prudential plc, providing comprehensive coverage of the UK-based multinational insurance company's operations, financial performance, strategic initiatives, and global presence in Asia and Africa.
Prudential plc, founded in London in 1848, has evolved into a major player in the global insurance and financial services industry. With dual primary listings on the London Stock Exchange and Hong Kong Stock Exchange, and a constituent of the FTSE 100 Index, Prudential has a significant presence in both Western and Asian markets. As of 2024, the company employs approximately 15,000 people worldwide and reported revenues of $9.371 billion for the 2023 financial year.
In recent years, Prudential has undergone substantial strategic shifts to focus on high-growth markets. The company completed the demerger of its UK and European operations (M&G plc) in October 2019, followed by the separation of its US business in 2021. This has left Prudential focused primarily on its Asian and African markets, which are seen as key drivers for future growth. The company's Asian operations, based in Hong Kong, span 14 markets and include the asset management business Eastspring Investments. In Africa, Prudential has been expanding its presence since 2014 and now operates in eight countries across the continent.
Prudential's strategic focus on Asia and Africa reflects the company's recognition of shifting global economic dynamics and the potential for growth in emerging markets. The company has been investing in digital capabilities to enhance customer engagement and streamline operations. Prudential has also been actively involved in community initiatives, particularly in areas of education and health. For instance, in Ghana, the company launched scholarship programmes and supported actuarial science education.
The company's history dates back to the mid-19th century when it began providing loans to professional and working people. Over the decades, Prudential expanded its offerings and geographical reach. Notable milestones include the acquisition of American insurer Jackson National Life in 1986, the purchase of M&G, a UK fund management company, in 1999, and the expansion into various Asian markets. The company's iconic "Man from the Pru" salesforce, which sold policies door-to-door, was a familiar sight in Britain for many years.
As Prudential continues to navigate the complex global insurance landscape, our NewsNow feed provides up-to-date coverage of the company's financial performance, strategic decisions, and market analysis. From quarterly earnings reports and executive appointments to regulatory developments and industry trends affecting Prudential's key markets, this feed offers comprehensive insights for investors, industry professionals, and those interested in the evolving story of this long-standing financial institution. Stay informed about Prudential's role in shaping the future of insurance and financial services in rapidly developing economies across Asia and Africa.