SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 2024 $m 2023 $m Note Half year Half year Full year FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August, 2024 PRUDENTIAL PUBLIC LIMITED COMPANY (Translation of registrant's name into English) 13/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, China (Address of principal executive offices) Indicate by check mark whether the registrant ...

Prudential plc (NYSE:PUK) Q2 2024 Earnings Conference Call August 28, 2024 1:00 AM ET Company Participants Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Anil Wadhwani Hello, I'm Anil Wadhwani, CEO of Prudential, and I'm delighted to give you an update on our First Half 2024 Results and the progress on the execution of our strategy announced 12 months ago. We are building momentum while addressing known challenges and identifying areas for continued improvement. As a reminder, ...

Core Viewpoint - Prudential (PRU) is viewed as a solid buy despite recent stock price declines, with potential for share accumulation at current levels [2][12] Company Performance - PRU reported Q2 earnings with mixed results, missing EPS expectations by $0.06 at $3.39 per share, while book value per share decreased to $77.51 [4] - Total assets under management increased to $1.48 trillion from $1.41 trillion year-over-year [4] - The US business segment generated $3.98 billion, accounting for 50% of earnings, with a 27% year-to-date growth driven by individual retirement strategies [5] Segment Analysis - The international segment saw sales of $532 million, up from $520 million in Q1 and $478 million in Q2 of the previous year, with growth attributed to Japan and Brazil [5] - PGIM, the global investment manager, experienced a 5% increase in total assets under management, although it faced $9.5 billion in third-party net outflows [6] Dividend Information - PRU maintains a dividend yield of 4.5%, above the sector median of 3.3%, with a consistent growth rate leading to a 9.28% CAGR over the last ten years [3][7] - The company has a payout ratio of approximately 40.7%, indicating a secure dividend with potential for future increases [7] Valuation and Outlook - An updated valuation suggests a fair value of $133 per share, representing a 17.6% upside from current levels, with a price-to-earnings ratio of 9.24x, below the sector median of 11.6x [9][10] - Wall Street's average price target for PRU is $119.50, indicating a potential upside of about 5.5% [10] Market Positioning - The company is well-positioned to capitalize on the upcoming retirement needs of the Gen Z population, which may drive sales of retirement strategies and insurance policies [10][12]

Financial Performance - New business profit increased by 45% CER to $3.1 billion in 2023[14] - Operating free surplus generated from in-force insurance and asset management business reached $2.7 billion, up 1% CER[14] - Adjusted operating profit grew by 8% CER to $2.9 billion[14] - IFRS profit after tax was $1.7 billion, a significant improvement from a loss of $(1.0) billion in 2022[14] - New business profit grew by 45% to $3.125 billion in 2023, exceeding the 37% increase in APE sales[96] - Group adjusted IFRS operating profit for 2023 was $2,893 million, an 8% increase from 2022, with IFRS profit after tax at $1,712 million compared to a loss of $(1,005) million in 2022[110] - Business profit increased to $3.1 billion in 2023 from $2.1 billion in 2022[175] - EEV new business profit rose by 43% to $3,125 million in 2023 compared to $2,184 million in 2022[180][181] - Operating free surplus generation from in-force insurance and asset management business was $2,740 million in 2023, broadly flat compared to $2,760 million in 2022[184][186] - Adjusted operating profit grew by 6% to $2,893 million in 2023 from $2,722 million in 2022[190][191] - The company's total IFRS profit after tax improved to $1,712 million in 2023 from a loss of $(1,005) million in 2022[192] Market Position and Growth Opportunities - Prudential serves over 18 million customers across 24 markets in Asia and Africa[18] - Prudential holds top 3 positions in 10 Asian life markets and top 5 positions in 6 African life markets[25] - Greater China market presents significant growth opportunities with a population of 1.4 billion and a health and protection gap of $805 billion[64] - ASEAN markets have a combined population of over 600 million, with top three positions in eight out of nine markets[66][70] - India represents a compelling opportunity with a population of over 1.4 billion and 50% out-of-pocket health expenses[67] - Africa markets have a combined population of over 400 million with underserved insurance needs and high-growth potential[68] - Hong Kong benefits from Chinese Mainland visitors and domestic growth, with presence in all 11 cities of the Greater Bay Area[70] - Taiwan is the fifth-largest life insurance market in Asia Pacific, with Prudential as the top foreign player[64][70] - The company holds top three positions in 10 out of 14 Asian life markets and top five in six out of eight African markets[95] - The company holds top-three positions in 10 out of 14 Asian life markets and top-five positions in 6 out of 8 African life markets, with a large agency force and leading position in Asia bancassurance[165] Strategic Goals and Targets - The company aims for a 15-20% compound annual growth rate in new business profit between 2022 and 2027[16] - The company targets a 15-20% compound annual growth rate in new business profit from 2022 to 2027[102] - Operating free surplus from in-force insurance and asset management business was $2.74 billion in 2023, with a target to exceed $4.4 billion by 2027[104] - The company aims to grow new business profit at a CAGR of 15 to 20% between 2022 and 2027, driven by increased agency, bancassurance, and health new business profits, and double-digit CAGR growth in operating free surplus generation[174] - The company is on track with its 2027 objectives for new business profit and operating free surplus generation from in-force insurance and asset management business[200] Dividend and Shareholder Value - Second interim dividend of 14.21 cents per share, with total annual dividend reaching 20.47 cents per share, a 7-9% growth expected for 2024[38] - The 2023 total dividend increased by 9% to 20.47 cents per share, with a second interim dividend of 14.21 cents per share[112] Capital and Surplus - The company has a strong capital position with a 295% GWS shareholder coverage ratio over GPCR[26] - The Group's shareholder surplus was $16.1 billion at the end of 2023, with a cover ratio of 295%, reflecting a strong capital position[111] - EEV shareholders' equity increased by 7% to $45.3 billion in 2023 from $42.2 billion in 2022[187][188] - Adjusted shareholders' equity increased to $37.3 billion in 2023, up 6% from $35.2 billion in 2022[194][196] Health and Protection Business - Health new business profit grew by 20% to $330 million in 2023, with a target to more than double from 2022 levels by 2027[82][102] - The Group's health business contributed $330 million to new business profit in 2023, a 20% increase, with ambitions to double health new business profit by 2027[135] Agency and Bancassurance Channels - Agency channel new business profit increased by 75% to $2.096 billion, driven by a 67% growth in APE sales and a 37% increase in health and protection products[106] - Bancassurance channel aims to increase new business profit by 1.5 to 2 times from 2022 levels by 2027, targeting a penetration rate increase from 8% in 2022 to 9-11% by 2027[79] - Agency channel aims to more than double new business profit per agent, targeting a 2.5 to 3 times increase from 2022 levels by 2027[78] - Bancassurance new business profit fell 8% to $793 million in 2023, primarily due to challenging market conditions in China and Vietnam, but increased by 23% excluding these markets[107] - Average monthly active agents increased by 3% in 2023, with average monthly new business profit per active agent rising by 59% to over $2,800[120] - Bancassurance APE sales of health and protection products increased by 26% in 2023, representing over half of the policies sold through the channel[127] Investment and Asset Management - Prudential's Eastspring funds under management or advice totaled $129.2 billion in Singapore[21] - Eastspring, the investment arm, manages over $237 billion in assets across 11 markets[95] - Eastspring's funds under management and advice increased by 7% to $237.1 billion, driven by positive market movements and inflows from external clients and life business[109] - The company plans to enhance wealth and investment capabilities by leveraging Eastspring and its investment office, with a focus on product innovation and distribution support for top agents[147][148] - Eastspring manages over US$237 billion of assets and holds top-10 positions in six of its 11 markets, with plans to expand its product range and add a thousand additional advisors to its Prudential Financial Advisers (PFA) distribution force[168][154] Technology and Innovation - The number of monthly technology incidents decreased by 60%, and recovery times improved by 40% in 2023 due to investments in infrastructure and monitoring[139] - The company has finalized a new technology operating model, integrating technology talent across the business into a single team, with plans to deploy similar teams for other business areas by the end of 2024[140] - The company is accelerating the development of advanced, segment-specific health insurance products, including risk-based pricing and value-added services, with AI-enabled digitalization of underwriting and claims processes[140] - Advanced platforms have been developed to store key operational data, enabling the deployment of advanced analytics and AI, with a test run reducing product enquiry times from over four minutes to less than 30 seconds[141] - AI technology has been utilized to shorten underwriting of non-standard cases from three days to one and a half hours, and claims payment turnaround has been reduced from 1.29 days in 2022 to 0.45 days in 2023[142] - The company aims to deliver at least two high-value analytics and AI use cases per strategic pillar in 2024, with an AI lab being set up to foster innovation and attract external talent[141] Sustainability and ESG - New decarbonisation target to reduce carbon intensity of investment portfolio by 55% by 2030[42] - The company aims to achieve a 55% reduction in Weighted Average Carbon Intensity by 2030 compared to the 2019 baseline[175] Customer Retention and Engagement - The company has a retention ratio of 86%, with a focus on personalised targeting, segmentation by life stage, and tech-enabled journeys to grow its share of wallet with existing customers[163] Regional Performance - Hong Kong accounted for 45% of new business profits, with both new business profit and APE sales growing over three times compared to the prior year[108] - EEV new business profit increased by 45% on a constant exchange rate basis, driven by double-digit growth in 12 markets, particularly Hong Kong[183]

FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR Table of Contents As filed with the Securities and Exchange Commission on 26 March 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY ...

Prudential plc (NYSE:PUK) Full Year 2023 Earnings Conference Call March 20, 2024 4:30 AM ET Company Participants Patrick Bowes - Investor Relations Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Dennis Tan - Managing Director of Strategic Business Group, Lilian Ng - Managing Director of Strategic Business Group, China, Hong Kong and Taiwan Solmaz Altin - Managing Director of Strategic Business Group, India, Indonesia, Malaysia, Philippines, Laos, Myanmar, Cambodia and Africa Co ...

(Incorporated and registered in England and Wales with limited liability, registered number 01397169) (Stock Code: 2378) The attached announcement is being released by Prudential plc on the date below. 20 March 2024, Hong Kong Executive Director Anil Wadhwani (Chief Executive Officer) PRUDENTIAL PLC FULL YEAR 2023 RESULTS: CONTINUING STRONG PERFORMANCE | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-----------------|-----------|---- ...

Achieving our 2027 Gross OFSG objective1,2 | --- | --- | --- | --- | |-------------------------------------------------|----------------------------------------------|----------|--------------------------------------------------------------------------------| | | | >$4.4bn | Illustrative 2022 versus 2027 Gross OFSG 2027 Gross OFSG $bn \nDrivers: | | | Objective: Double-digit CAGR Gross OFSG 1,2 | | • 2027 in-force contribution expected from 2022 in-force: $2.1bn2 | | | $2.8bn | | • Addition to gross 2027 OF ...

Prudential plc (NYSE:PUK) H1 2023 Earnings Conference Call Summary Company Overview - **Company**: Prudential plc - **Date of Call**: August 30, 2023 - **Participants**: CEO Anil Wadhwani, CFO Ben Bulmer, and other executives Key Financial Highlights - **New Business Profit**: $1.5 billion, up 39% year-on-year; growth excluding interest rate impacts was 52% [7] - **Margins**: Overall margins at 49%, flat year-on-year; improved by 4 percentage points excluding interest rate impacts [7] - **Sales Growth**: Exceeded $3 billion, a 42% increase year-on-year; agency volumes doubled due to the lifting of COVID restrictions [7] - **Bancassurance Sales**: Over $1 billion in sales for the first half of 2023 [8] Strategic Initiatives - **New Strategy**: Focus on accelerating value creation for stakeholders, emphasizing operational and financial discipline [9] - **Financial Targets**: - New business profit growth CAGR of 15% to 20% by 2027 - Doubling free surplus generation to double digits during the same period [10] - **Strategic Pillars**: Customer focus, technology-driven distribution, and scaling health business [10] Regional Performance Insights China - **Growth Potential**: Strong demand driven by aging population and high life expectancy; expected growth rate of approximately 5% [15] - **Sales Channels**: Strong performance from agency and bancassurance channels; agency productivity improved significantly [17] - **Margins**: Maintained at 43%, with a 7-point increase when excluding economic impacts [19] Hong Kong - **Market Leadership**: Reestablished leadership in the Mainland Chinese visitor segment and domestic customers; growth from both segments [21] - **Visitor Traffic**: Recovery to 70% of pre-COVID levels; optimistic about reaching 100% [22] - **Sales Composition**: 68% year-on-year growth in domestic segment; health and protection policies contributed 56% [27] Indonesia - **Sales Growth**: NBP increased by 22% in the first half; agency channel saw a 51% growth in APE [45] - **Market Position**: Strong brand presence and market leadership ambitions [46] India - **Growth Opportunities**: High out-of-pocket health expenses and low health insurance penetration present significant growth potential [36] - **Joint Venture**: Strong partnership with ICICI Prudential; focus on health insurance market growth [37] Capital Allocation and Financial Management - **Surplus Capital**: Free surplus stock of $8.4 billion; strong GWS ratio of 295% [63] - **Dividend Policy**: Targeting 7% to 9% growth in dividends, linked to free surplus generation [65] - **Investment Focus**: Prioritizing organic growth and core capabilities; exploring strategic investments in health and bancassurance [47] Operational Efficiency - **Organizational Model**: Transitioning to a centralized model to leverage economies of scale and skill; local CEOs empowered to manage their businesses [66] - **Agency Activation**: Targeting an increase in active agents from 65,000 to 85,000-90,000 by 2027 [68] Additional Insights - **Health Insurance Strategy**: Plans to enhance capabilities in health insurance, focusing on both traditional and adjacent customer journeys [57][58] - **Market Risks**: Minimal exposure to local government financing vehicles in China, with a focus on maintaining strong asset quality [69] This summary encapsulates the key points from Prudential plc's H1 2023 earnings call, highlighting financial performance, strategic initiatives, regional insights, and operational efficiency.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June, 2023 PRUDENTIAL PUBLIC LIMITED COMPANY (Translation of registrant's name into English) 13/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20 ...