Prudential: Insurer posts £2.78bn profit and hikes dividends eight per cent after Asian and African re-focus

By Samantha Downes Insurance giant Prudential has reported sales growth of nine per cent at $4,393m (£3,615) as the company posted its first full year results since its decision to focus on African and Asian business. New business profit fell 14 per cent to $2,184m during 2022 although the drop was offset by higher interest rates and ‘business mix effects’. Prudential’s adjusted operating profit was up eight per cent to $3,375m. and it has declared a nine per cent rise in dividend payments 18.78 cents per share for the full year, up nine per cent. Anil Wadhwani, chief executive officer said: “…

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