Home Capital Finance

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%
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now