|Bid||49.50 x 100|
|Ask||60.60 x 100|
|Day's range||54.62 - 55.02|
|52-week range||38.39 - 55.08|
|PE ratio (TTM)||18.68|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||57.60|
HSBC Holdings Plc and the U.S. Justice Department, announcing last week that the bank would pay $100 million for front-running client currency orders, left one thing unstated -- the name of a big client ...
The Bank of England has proposed easing the burden of European Union capital rules for insurers, but the industry urged the regulator to go further and meet calls from British lawmakers for more radical change. The BoE's Prudential Regulation Authority (PRA), which supervises banks and insurers, published a consultation paper to lighten some reporting requirements under the bloc's Solvency II rules. The PRA said the proposed changes take into account recommendations for reform made by the Association of British Insurers (ABI), and by parliament's Treasury Select Committee.
The Bank of England has proposed easing the burden of European Union capital rules for insurers, but the industry urged the regulator to go further and meet calls from British lawmakers for more radical change. The BoE's Prudential Regulation Authority (PRA), which supervises banks and insurers, published a consultation paper to lighten some reporting requirements under the bloc's Solvency II rules.
Infracapital, the infrastructure investment arm of life insurance company Prudential PLC, has gathered at least $1.52 billion so far for a new investment vehicle, according to filings with the U.S. Securities ...
Siam Commercial Bank Pcl , Thailand's second largest bank by assets, and Prudential Life Assurance , a unit of UK-based Prudential Plc, have signed a bancassurance partnership deal aimed at the lender's ...
Siam Commercial Bank Pcl , Thailand's second largest bank by assets, and Prudential Life Assurance (Thailand), a unit of UK-based Prudential Plc, have signed a bancassurance partnership deal aimed at the lender's wealthy clients. An ageing population and a limited welfare system provides opportunities for insurers in Thailand, the eighth largest insurance market in Asia, according to a 2016 Swiss Re report. "Thailand is one of the largest insurance markets in Southeast Asia with low insurance penetration, a growing and increasingly prosperous population with significant insurance and savings needs," Aman Chowla, chief executive of Prudential Thailand said in a statement on Wednesday.
Prudential (SES: K6S.SI - news) , the FTSE-100 insurance giant, is courting buyers for a bigger than expected chunk of its UK annuities business worth up to £13bn, in a move that will intensify signals that it plans to retreat from its home market. Sky News has learnt that the Pru (HKSE: 2378-OL.HK - news) has asked bidders to table offers for one or more portfolios from its legacy book by 22 December amid an anticipated frenzy of interest in acquiring the assets. City sources said on Wednesday night that the Pru, which is being advised by Towers Watson, had informed interested parties that it would sell up to £13bn of its £33bn UK annuity business.
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could take a different approach to assessing risk which would change the way it compiles a list of "systemically" important insurers that must comply with tough rules to cushion them against losses. The FSB, which coordinates financial rules across the Group of 20 (G20) economies, first created its list of globally systemic insurers in 2013 and updates it each November.
Bitcoin may have surged a staggering 700 percent since the start of the year but most investors at a Reuters Summit this week said they had not been tempted to play the volatile cryptocurrency. The difficulty of assigning a fair value to a speculative instrument that is less than a decade old and lacks the fundamentals that drive other asset classes was the main reason for steering clear of bitcoin, investors speaking at the Reuters Global Investment 2018 Outlook Summit said. Others said the cryptocurrency's use for criminal purposes such as money laundering was another reason to stay away, as was the widespread perception that the bitcoin rally was another bubble destined to burst.
Prudential expects its Asian business to double in size every five to seven years, the British life insurer said after reporting the region drove a 17 percent rise in new business profit during the first nine months of 2017. Britain's largest insurer, which traditionally saw its revenue fairly equally split between Asia, the United States and Britain, has pushed ahead with Asian growth in recent years. Asia was "in some ways, ours to lose", Chief Executive Mike Wells told investors on Thursday after Prudential said that new business profit in the region rose 15 percent to 1.61 billion pounds, helped by higher sales and rising interest rates.
HONG KONG, Nov 16 (Reuters) - Prudential Asia executives say -- * Asian asset manager Eastspring in process of establishing wholly-owned presence in China * Eastspring recruiting to establish onshore investment ...
Nov 16 (Reuters) - Prudential Plc * NEW BUSINESS PROFIT INCREASED 15 PERCENT TO £1,616 MILLION IN FIRST NINE MONTHS IN ASIA * 9-MONTH LIFE INSURANCE NEW BUSINESS PROFIT INCREASED BY 17 PER CENT TO £2,469 ...
Jackson National Life Insurance Company® today announced the launch of Perspective Advisory II , a fee-based variable annuity with no surrender charge, designed to address personal investment challenges and help people pursue financial freedom in retirement.
NEWARK, N.J.--(BUSINESSWIRE)-- Prudential Retirement, a unit of Prudential Financial, Inc. ( NYSE:PRU ), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction ...
The company has contacted potential buyers in the last few weeks, Sky News said on Monday. The portfolio would be divided into four parts of between 2-3 billion pounds each, Sky said citing a person briefed on the insurer's plans. Rothesay Life, Legal & General and Pension Insurance Corporation were potential buyers according to the media report.
Britain's Prudential plans to break up its 10 billion pound British pensions annuities book into four parts, in a move that could see the insurer leave its domestic market, Sky News said. The company has ...
By Suzanne Barlyn (Reuters) - Prudential Financial Inc (PRU.N) reported an 11 percent rise in adjusted quarterly operating profit on Wednesday, beating Wall Street's expectations, as rising market values ...
Prudential Plc (SES: K6S.SI - news) 's U.S. life insurance business Jackson has set up a private wealth and trust arm to manage the investments and finances of very wealthy clients. Jackson National Life Insurance Company, which provides retirement products and income strategies for clients in the United States, said it had created an investment-only, tax-deferred variable annuity for trusts and private banks. The Lansing, Michigan-based company said the product could be used by portfolio managers and trust officers to help high and ultra high-net-worth individuals in tax planning.
Jackson National Life Insurance Company® today announced the formation of its Private Wealth & Trust group, a specialized team focused on complex planning, investment management and tax mitigation strategies for high-net-worth and ultra high-net-worth families.
Jackson National Life Insurance Company® today released the following statement in support of National Retirement Security Week on behalf of Barry Stowe, chairman and chief executive officer of the North American Business Unit of Prudential plc, Jackson’s parent company.
HONG KONG/SINGAPORE (Reuters) - Prudential Plc (PRU.L) has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million (113.06 million pounds), as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said. An adviser has been appointed as part of the sale process of Prudential Vietnam Finance Company Ltd, which is in an early stage, two of the sources said.
Britain's Direct Line Insurance Group said on Friday it had appointed Penny James, head of risk at insurer Prudential, as chief financial officer. James will succeed John Reizenstein as CFO on March 1, ...