Prudential plc

British multinational life insurance and financial services company This page is about the British company. For the American company, see Prudential Financial.

TypePublic limited company
Traded asLSE: PRU\\ NYSE: PUK\\ SEHK: 2378\\ FTSE 100 Component
IndustryInsurance
Founded1848 ; ( 1848) in London
HeadquartersLondon, England, UK
Area servedWorldwide
ProductsLife insurance\\ Investment management\\ Consumer finance
Websitewww .prudentialplc .com
  • Prudential plc is a British multinational insurance company headquartered in London, England.
  • It was founded in London in May 1848 to provide loans to professional and working people.
  • Prudential has dual primary listings on the London Stock Exchange and Hong Kong Stock Exchange, and is a constituent of the FTSE 100 Index.
  • It also has secondary listings on the New York Stock Exchange and Singapore Exchange.

Operations

The Company has two business units:

Prudential Corporation Asia: based in Hong Kong, the business is the largest UK life assurer in Asia. It has had a presence in the continent since 1923 when an overseas agency for life assurance was created in India. Although this was subsequently nationalised, Prudential relaunched in India in 2000 as ICICI Prudential, a 26% joint venture with ICICI Bank. As CITIC Prudential Life, a 50–50 joint venture, they were the first UK company to re-establish a life business in China in 2000. There are also businesses in Cambodia, China, Hong Kong, India, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand and Vietnam. Prudential's Asian asset management business, Eastspring Investments, has total funds under management of USD247. 8 billion. Since 2014 Prudential has been building a multi-product, multi-distribution business in Africa, with operations now in eight countries across the continent, including Nigeria, Ghana, Togo, Cameroon and over one million customers. Nairobi has been the regional office for Prudential's Africa business since 2021.

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