PUK Stock Recent News

Prudential Plc (NYSE:PUK ) Q4 2024 Earnings Conference Call March 20, 2025 4:30 AM ET Company Participants Patrick Bowes - Head of Investor Relations Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Solmaz Altin - Regional CEO, Growth Markets, Health and Agency Dennis Tan - Regional CEO, Singapore, Thailand, Vietnam & Partnership Distribution Angel Ng - Regional CEO, Greater China, Customer and Wealth Conference Call Participants Khang Chuen Ong - CGS-CIMB Kailesh Mistry - HSBC Yuping Ma - Citigroup Farooq Hanif - JPMorgan Larissa van Deventer - Barclays Dominic O'Mahony - BNP Paribas Exane Andrew Sinclair - Bank of America Andrew Crean - Autonomous Nasib Ahmed - UBS Thomas Wang - Goldman Sachs Patrick Bowes Good afternoon, and good morning. It's Patrick Bowes speaking.

LONDON--(BUSINESS WIRE)--Citi Issuer Services, acting through Citibank N.A., has been appointed by Prudential plc (“Prudential”) to act as successor depositary bank for its sponsored Level 2 American Depositary Receipt (“ADR”) program. Prudential's ADRs are listed and traded on the New York Stock Exchange under the symbol “PUK”. Each ADR represents two ordinary shares of the company. Prudential's underlying ordinary shares are listed and traded on the London Stock Exchange under the symbol “PRU.

Prudential Plc (NYSE:PUK ) Q4 2024 Pre-Recorded Remarks March 19, 2025 6:00 PM ET Company Participants Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Anil Wadhwani Hello, I'm Anil Wadhwani, CEO of Prudential. Thank you for joining me today.

Prudential plc has struggled in recent years, particularly in ASEAN markets, leading to significant underperformance compared to competitors. Management is addressing these issues by refreshing and expanding product offerings, expanding bancassurance partnerships, and targeting a growing middle class for long-term earnings growth. Prior year-to-date results showed encouraging improvements in ASEAN markets, especially Indonesia and Singapore, though challenges remain in Malaysia and other regions.

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the $750 million, 5.2% senior unsecured medium-term notes, due 2035, issued by Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of Prudential and its subsidiaries remain unchanged. Prudential intends to use the net proceeds from the sale of the notes for general corporate purposes, which may.

Prudential Financial: Best Days May Be Yet Ahead

British insurer Prudential said on Wednesday it was evaluating the potential listing of ICICI Prudential Asset Management Company, its joint venture in India, involving a partial divestment of its shares.

Since my previous article, Prudential Financial's shares have dipped, opening up what I believe is a buying opportunity. The company arguably has a path to high-single-digit annual after-tax adjusted operating income per share growth for the foreseeable future. Prudential possesses a rock-solid balance sheet and sports a safe and market-beating yield approaching 5%.

Prudential Financial shares have been a moderate performer, with mixed quarterly results sparking a 3% decline, prompting a revisit of the stock. The company faced underwriting pressure and adverse mortality results, missing earnings estimates, but PGIM showed strength with positive net flows and rising assets. Reinsurance costs and currency dynamics weighed on US and international earnings, but the investment portfolio remains solid despite CRE risk.

PRU's Q4 results reflect higher asset management fees and net investment spread results, partially offset by soft performance at the U.S. Businesses.