AllAnalyst Report
logoMorningstarMarch 20, 2024

Prudential plc: Prudential Earnings: Management Holds Firm on Value of Long-Term Investment Over Distributions

Symbols
PUK
Sector(s)
Financial Services
Rating
Current Price
$18.31
Fair Value
Economic Moat
Stewardship
Summary

Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company als

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Analyst Profile

Henry Heathfield

Equity Analyst
Henry Heathfield, CFA, is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. He covers insurance.Before joining Morningstar in 2016, Heathfield spent five years as a European and U.K. generalist at Silchester International Investors and three years at Redmayne-Bentley Stockbrokers.Heathfield holds a bachelor’s degree from Nottingham Trent University and a master’s degree in finance from the London Business School.