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The Independent UK
The Independent UK
Business
Holly Williams

EXPLAINED: Prudential beats expectations but growth slows amid china challenges - The Real Truth

Pru reported an 11% rise in new business profit (PA) - (PA Archive)

Insurance giant Prudential has notched up better-than-expected annual earnings, but revealed sharply slower growth amid ongoing woes in the key Chinese market.

The London-listed group, which is focused on Asian markets, reported an 11% rise in new business profit – an important gauge of future earnings for insurers – to 3.08 billion US dollars (£2.38 billion) on a constant currency basis in 2024.

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