Prudential acquires 75% stake in Bharti Life Insurance
The deal strengthens Prudential's India presence, pending regulatory approvals and potential ICICIPru Life stake reduction.
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International insurance and asset management group
prudentialplc.comLast updated
In short: Prudential achieved double-digit profit growth and expanded its footprint in India and Malaysia while navigating regulatory challenges in Japan.
The deal strengthens Prudential's India presence, pending regulatory approvals and potential ICICIPru Life stake reduction.
Annualized new business premium up 6% to $1.823 billion, with growth across all segments. CEO says strategy is working and is confident in full-year targets.
It highlights over 10% growth in key metrics, 15% dividend increase, and US$7bn shareholder returns by 2027. Operations span 20 markets in Asia and Africa.
The report emphasizes sustainability as a business imperative, powered by colleagues across Asia and Africa. Sustainability Ambassadors share local impact stories.
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