Insurer Prudential’s annual earnings rise on strong policy sales

Prudential on Wednesday reported an 8 per cent rise in its annual operating profit, as upbeat policy sales across its key markets in Asia and Africa propelled the insurer’s revenue growth.

The London and Hong Kong dual-listed company posted annual adjusted operating profit of $2.89 billion on a constant exchange rate basis, up from $2.72 billion last year. That compares with an LSEG estimate of $2.85 billion.