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 Expansion in Asian markets and digital transformation initiatives are driving sustainable growth, operational efficiency, and enhanced customer engagement. Strategic focus on higher-margin products and flexible distribution supports stable profitability and resilience to macroeconomic and regulatory changes.

Key Takeaways Accelerated agent productivity, digital innovation, and emerging market exposure could drive sustained outsized growth in revenue, operating profit, and market valuation beyond consensus. Robust capital returns, IPO-related surplus, and dividend growth may materially boost EPS and rerate Prudential towards significantly higher embedded value.

Key Takeaways Shrinking core markets, competitive threats, and tightening regulation are putting pressure on Prudential's growth, revenue diversification, and capital efficiency. Prolonged low interest rates, climate-driven claims volatility, and rising reinsurance costs threaten profitability, margins, and the stability of long-term earnings.