Report
Henry Heathfield
EUR 100.00 For Business Accounts Only

Prudential is the Leading Provider of Variable Annuities in the U.S.

Prudential plc reported operating profit of GBP 4.8 billion for full-year 2018. This is slightly ahead of our expectations. Preparation for the demerger looks to be progressing quite well with the M&G Prudential part of the business reporting a 20% rise in operating profit. The full-year dividend has been declared at GBP 49.35, and this gives the business a 3.2% dividend yield. On the back of GBP 156.6 IFRS earnings per share, this is a 30% payout ratio. We are holding our fair value estimat...
Underlying
Prudential plc

Prudential is a parent holding company. Co., together with its subsidiaries, is an international financial services group with its principal operations in Asia, the U.S. and the U.K. In Asia, Co. has operations in Hong Kong, Indonesia, Malaysia, Singapore and other markets. In the U.S., Co.'s principal subsidiary is Jackson National Life Insurance Company. In the U.K., Co. operates through its subsidiaries, primarily The Prudential Assurance Company Limited and M&G Investment Management Limited. Co. provides a range of retail financial products and services and asset management services throughout these territories.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Henry Heathfield

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