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Prudential announces 8% rise in APE sales and 13% rise in new business profit in FY2021

Goola Warden
Goola Warden3/9/2022 3:43 PM GMT+08  • 3 min read
Prudential announces 8% rise in APE sales and 13% rise in new business profit in FY2021
Prudential's net profit in FY2021 falls 10%. However APE sales rose 8% and new business profit rose by 13%
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In FY2021, Prudential reported a net profit of US$2.2 billion, down 10%, excluding the impact of the demerger of Jackson Financial.

Including the demerger of Jackson Financial which was completed in Sept 2021, Prudential reported a net loss of US$2.8 billion.

Prudential’s bottomline loss belies an improvement in its sales and other metrics. Annual premium equivalent (APE) sales - which measures new business activity including annualised regular premiums and one-tenth of single premiums - rose 8% y-o-y to US$4.19 billion.

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