Safe and sorry

10 November 2010 By Robert Cole

Healthy Q3 results from Prudential, driven by the UK insurer’s Asian business, leave CEO Tidjane Thiam looking increasingly secure. But someone must still take responsibility for the botched attempt to buy AIA earlier in the year. Step forward chairman Harvey McGrath.

This content is for Subscribers only

Context News

Prudential sold 2.46 billion pounds worth of insurance and investment products in the first nine months of the year, a 24 percent increase.

Overall new business profit rose 21 percent to 1.3 billion pounds. Sales and new business profit in Asia grew to 1.1 billion pounds and 621 million pounds, or by 32 and 34 percent respectively.

In the United States, Jackson delivered new business profit up 10 percent at 532 million pounds. In the UK, new business profit grew 14 percent year to 192 million pounds.

M&G, Pru's asset management arm, looked after funds worth a total of 191 billion pounds at Sept. 30, up 13 percent on the third quarter of 2009. In Asia, total funds under management rose to 50.3 billion pounds.

Email a friend

Please complete the form below.

Required fields *