Prudential Vietnam Assurance Private Ltd. has won thenbsp;International Life Insurer of the Year – Vietnamnbsp;and New Insurance Product of the Year – Vietnam awards at the Insurance Asia Awards 2021.
TOP NEWS SUMMARY: Prudential plans equity raise amid shift to Asia
Wed, 3rd Mar 2021 11:10
(Alliance News) - The following is a summary of top news stories Wednesday.
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Prudential reported a rise in annual profit despite a fall in revenue, mitigated by narrowed charges, but cut its final payout to a sliver of what it once was as the company faces challenges in the short-term. The insurer also announced an equity raise as it expands in Asia, and a renewed bancassurance partnership between its Vietnamese business Prudential Vietnam Assurance Private Ltd and Maritime Commercial Joint Stock Bank. Prudential posted IFRS pretax profit for 2020 of USD2.42 billion, rising 5.7% from USD2.29 billion a year prior, off of reduced total charges net of reinsurance of GBP54.07 billion, having been GBP91.85 billion in 2019. The reduced total charges mitigated a 40% fall in total revenue net of reinsurance to USD55.97 billion from USD93.74 billion, as earned premiums net of reinsurance su
Prudential Vietnam and SeABank strengthen partnership ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.