Prudential Community

Prudential PLC's full-year 2024 financial results show promising growth and progress toward its 2027 strategic objectives. Here are the key highlights: - New Business Profit: Up 11% to $3,078 million - Operating Free Surplus: Steady at $2,642 million - Adjusted Operating Profit: - Before tax: Up 10% to $3,129 million - After tax: Up 7% to $2,582 million - Earnings Per Share: 89.7 cents per share, an 8% increase from 2023 - Group EEV Equity: $44.2 billion - Free Surplus Ratio: 234% - Share Buybacks: Completed $1,045 million under its $2 billion program, expected to finish by end-2025 - Dividend: 23.13 cents per share, a 13% increase - Total Shareholder Returns: $1.4 billion for FY24 Looking ahead to 2025, Prudential expects growth of over 10% in new business profit, basic earnings per share, and operating free surplus.

Key Takeaways Accelerated tech adoption and agency expansion could lead to much stronger growth and profitability than expected, driving long-term gains across key financial metrics. Strategic moves in India and digital transformation position Prudential to dominate fast-growing markets, enabling strong recurring revenues and sustained competitive advantages.

Key Takeaways Legacy product exposure, demographic shifts, and tighter regulations create long-term profitability and cash flow headwinds for Prudential. Intensifying digital competition and climate-related claim volatility threaten Prudential's market position, revenue growth, and earnings stability.

Key Takeaways Strategic focus on agency channels and tech productivity is set to boost new business in health and protection, driving revenue growth. Expansion in Indian and high-potential Asian and African markets aims to enhance market share and long-term revenue growth.