|Bid||1,510.00 x 664800|
|Ask||1,555.00 x 208800|
|Day's Range||1,529.50 - 1,551.00|
|52 Week Range||1,325.00 - 1,962.00|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||17.64|
|Earnings Date||Mar 13, 2019|
|Forward Dividend & Yield||0.48 (3.17%)|
|1y Target Est||2,079.18|
Britain's wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London's insurance market, which spans the Lloyd's of London market and brokers such as Aon, Willis Towers Watson, JLT and Marsh, controlled £60 billion in gross written premiums in 2017. The Financial Conduct Authority announced a review in November 2017, saying there were concerns about how large players place business to earn larger fees.
A loss in Prudential's individual life insurance business and lower operating income in its asset management unit were among the factors that drove the company's fourth-quarter performance. The No. 1 U.S. life insurer by assets reported adjusted operating income, which excludes realized gains and losses from investments, of $1 billion (£772 million), or $2.44 per share, compared with $1.2 billion, or $2.69 per share, in the year-ago quarter. Adjusted operating income for PGIM, Prudential's asset management arm, fell 20.6 percent to $243 million from $306 million a year earlier, the company said.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
Jackson National Life Insurance Company® (Jackson®) today announced the launch of Elite Access (EA) Advisory II, a fee-based investment only variable annuity (IOVA) with no mortality, expense and administration (M&E&A) charge. EA Advisory II is designed to enhance traditional investing with expertly-constructed portfolios, diverse investment options and tax advantages. Greg Cicotte, president and chief executive officer of Jackson National Life Distributors LLC (JNLD), the sales and marketing arm of Jackson, said expanding the company’s distribution efforts, along with honoring its commitment to investment freedom, remain key priorities in 2019.
China's Union Life Insurance is planning to sell a controlling stake, and the deal could attract locals and foreigners looking to tap into the country's growing demand for insurance products, three people familiar with the matter said. Union Life, expected to be valued at $1.5 billion to $2 billion, plans to sell as much as 51 percent, with an option to raise that to 100 percent later, said the people, who declined to be named as the deal process is not public yet. AIA, the world's second-largest life insurer by market value, and the Asian unit of Prudential are among the foreign players likely to submit initial bids due over the next few weeks, the people added.
Britain must urgently come up with a new plan to avoid leaving the European Union without a deal in just over 70 days' time and destabilise markets, finance leaders said on Tuesday. British lawmakers voted by 432 to 202 to reject a divorce settlement negotiated by the British government and the EU, a far bigger majority than anticipated. "Time is running out to avoid a chaotic ‘no-deal’ Brexit that would be catastrophic for the UK economy," said Stephen Jones, chief executive of UK Finance, a banking industry body.
We are in desperate need to pay off the credit card for last month. The deadline to pay £5,000 has come and gone. We also have a cruise booked and paid for, which we are going on for five weeks.
Insurance giant Prudential will pay £662 million to renew a tie-up with Singaporean lender United Overseas Bank until 2034. The deal, originally signed in 2010, will give the Pru access to more than four million United customers based in Singapore, Malaysia, Thailand, Indonesia and a new territory in Vietnam. Prudential’s life insurance products will be distributed through United’s 400-strong branch network.
There is a lot to be liked about Prudential plc (LON:PRU) as an income stock. It has paid dividends over the past 10 years. The company currently pays out a Read More...
Britain's competition watchdog has proposed a crackdown on companies that charge so-called loyalty penalties on a whole range of products including mortgages, insurance and mobile phones, which cost consumers around 4 billion pounds ($5 billion) a year. The Competition and Markets Authority's (CMA) action follows a complaint from consumer body Citizens Advice that companies penalise existing customers by charging them higher prices than new customers. The action by Citizens Advice - dubbed as a "super-complaint" - was launched in September and immediately triggered a comprehensive investigation by the watchdog.
Mike Wells has been the CEO of Prudential plc (LON:PRU) since 2015. First, this article will compare CEO compensation with compensation at other large companies. After that, we will consider Read More...
Years of flattering fund reports from Prudential convinced David Mitchell, 69, that he was due a fair-sized pension. When it didn't materialise, he launched a decade-long campaign for answers in plain English. But experts say financial firms are still bamboozling consumers and putting them at risk.
HONG KONG/BEIJING, Nov 19 (Reuters) - China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said. Britain's Prudential Plc and Canada's Sun Life Financial Inc are among insurers who expressed interest in recent months in owning more of their China operations. China has set an agenda to open up its financial sector and has already taken steps this year to relax foreign ownerships in securities ventures.
A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare for such a sweeping change. A spokeswoman for the International Accounting Standards Board (IASB) said that at a meeting on Wednesday the IASB backed a 12-month delay to January 2022. The insurance industry had called for introduction of the rule to be delayed until 2023.
Global insurance regulators will suspend designating globally systemically important insurers, who are required to hold extra capital, in a victory for companies such as American International Group (AIG.N) and Prudential (PRU.L). The International Association of Insurance Supervisors (IAIS) said it wants to replace the list of "too big to fail" insurers, last published in 2016, with a broader framework from 2020. In the aftermath of the global financial crisis, regulators singled out systemically important insurers who then face onerous bank-like capital rules to cover potential losses, increasing costs and potentially reducing shareholder returns.
Global insurance regulators have proposed suspending publication of their list of systemic insurers who must comply with tougher capital rules, in a victory for the industry. The International Association ...