Prudential PLC Reports Q3 2024 Business Performance

TL;DR

Prudential PLC dropped its Q3 2024 business update - check the numbers for Asia and Africa growth.

AI Summary

Prudential PLC announced its Q3 2024 business performance update on November 6, 2024. The filing provides an update on the company's operations and financial performance for the third quarter of the year. Specific financial figures and operational highlights are detailed within the report.

Why It Matters

This update provides investors with a mid-quarter look at Prudential's performance, offering insights into its operational health and potential financial trajectory.

Risk Assessment

Risk Level: low — This is a routine quarterly business update, not a material event like an acquisition or major financial distress.

Key Players & Entities

• Prudential PLC (company) — Registrant
• November 6, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $2,347 m — Q3 year to date new business profit was $2,347 million,   up 11 per cent (10 per ce
• $4,638 million — ales were up 7 per cent (5 per cent) to $4,638 million.   APE sales for the three months
• $2 billion — e execution of the first tranche of our $2 billion share buyback continues with a total of
• $570 million — 31 October 2024 for £437 million ($570 million).   Outlook Given our perfor
• $176 million — ch shareholder will be making a further $176 million cash contribution to increase the capit
• $271.4 billion — vice (FUM) continuing to grow, reaching $271.4 billion at the end of September 2024, up from $
• $247.4 billion — n at the end of September 2024, up from $247.4 billion at the end of June 2024. We are encoura
• $4.6 billion — of June 2024. We are encouraged by the $4.6 billion of   year to date   net inflo
• $1.7 billion — rete net inflows on the same basis were $1.7 billion. FUM growth was also supported by net i
• $1,764 million — nths ended 30 September 2024, which was $1,764 million (post central costs and calculated usin

Filing Documents

• a0692l.htm (6-K) — 94KB
• a0692l000.jpg (GRAPHIC) — 2KB
• 0001654954-24-013775.txt ( ) — 98KB

Forward-Looking Statements

Forward-Looking Statements   This announcement contains 'forward-looking statements' with respect to certain of Prudential's (and its wholly and jointly owned businesses') plans and its goals and expectations relating to future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including businesses') beliefs and expectations and including, without limitation, commitments, ambitions and targets, including those related to sustainability (including ESG and climate-related) matters, and statements containing the words 'may', 'will', 'should', 'continue', 'aims', 'estimates', 'projects', 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words of similar meaning, are forward-looking statements. These time they are made, and therefore undue reliance should not be placed on them. By their nature, all forward-looking statements involve risk and uncertainty.   A number of important factors could cause actual future financial condition or performance or other indicated results to differ materially from those indicated in any forward-looking statement. Such factors include, but are not limited to:   ●        current and future market conditions, including fluctuations in interest rates and exchange rates, inflation (including resulting interest rate rises), sustained high or low interest rate environments, the performance of financial and credit markets generally and the impact of economic uncertainty, slowdown or contraction (including as a result of the Russia-Ukraine conflict, conflict in the Middle East, and related or other geopolitical tensions and conflicts), which may also impact policyholder behaviour and reduce product affordability; ●        asset valuation impact

forward-looking statements it may make, whether as a result of

forward-looking statements it may make, whether as a result of future events, new information or otherwise except as required pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST Listing Rules or other applicable laws and regulations.   Prudential may also make or disclose written and/or oral

forward-looking statements in reports filed with or furnished to

forward-looking statements in reports filed with or furnished to the US Securities and Exchange Commission, the UK Financial Conduct Authority, the Hong Kong Stock Exchange and other regulatory authorities, as well as in its annual report and accounts to shareholders, periodic financial reports to shareholders, proxy prospectuses, prospectus supplements, press releases and other written materials and in oral statements made by directors, officers or employees of Prudential to third parties, including financial analysts. All such forward-looking statements are qualified in their entirety by reference to the factors discussed under the 'Risk Factors' heading of Prudential's 2024 Half Year Financial Report, available on Prudential's website at www.prudentialplc.com.   Cautionary Statements   This announcement does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to purchase, acquire, subscribe for, sell or dispose of, any securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.   NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA      

SIGNATURES

SIGNATURES       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Date:   06 November 2024         PRUDENTIAL PUBLIC LIMITED COMPANY       By: /s/ Ben Bulmer       Ben Bulmer   Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR