Financial Performance - Adjusted operating profit for 2024 was $3,129 million, an increase of 8% from 2023[11] - Basic earnings per share based on IFRS profit after tax rose to 84.1 cents, a 35% increase compared to 2023[11] - Group adjusted operating profit after tax for 2024 was $2.58 billion, a 7% increase compared to 2023[120] - The Group's total IFRS profit after tax for 2024 was $2,415 million, up from $1,691 million in 2023[198] - New business profit increased by 11% to $3,078 million, driven by higher APE sales and a greater proportion of health and protection business[192] Sales and Growth - APE sales reached $6,202 million, reflecting a 6% increase from 2023[12] - Present value new business premiums (PVNBP) increased to $30,612 million, a 7% rise year-over-year[12] - New business profit growth was 11%, within the guidance range of 9% to 13%[32] - Bancassurance new business profit increased by 31% to $872 million, driven by sales growth and a favorable product mix, particularly in health and protection products[114] - APE sales through the bancassurance channel grew 16% in 2024 to $2,532 million, with new business profit increasing by 31%[147] Customer Engagement and Retention - Prudential serves over 18 million customers, focusing on enhancing customer experiences to build deeper relationships[80] - Customer retention rates increased by 1% to 87% in 2024, with a target of 90-95% by 2027[130] - The customer retention rate stands at 87%, indicating strong potential for growth in existing customer relationships[168] Capital Management and Shareholder Returns - Prudential announced a $2 billion share buyback program, with $785 million completed by the end of December 2024, ahead of the original guidance of mid-2026[40] - The Group announced a $2 billion return of excess capital through share buybacks, expected to complete by the end of 2025[126] - A total dividend of 23.13 cents per share was approved for 2024, representing a 13% increase[123] - The Board approved a 2024 second interim cash dividend of 16.29 cents per share, reflecting a 13% increase from 2023's total dividend of 23.13 cents per share[41] Strategic Initiatives and Market Opportunities - Prudential's strategy aims to capture a growth opportunity of approximately $1 trillion in its markets over the next 10 years[64] - The company aims for a 15% to 20% CAGR for new business profit from 2022 to 2027[26] - The company plans to generate at least $4.4 billion of operating free surplus from in-force insurance and asset management business by 2027[180] - The Group plans to achieve a compound average growth rate of 15-20% for new business profit from 2022 to 2027[197] Market Penetration and Growth Potential - Life insurance penetration in many markets is currently only around 2-3%, indicating significant health, protection, and savings gaps[36] - In Greater China, life insurance penetration is at 2%, with an estimated health and protection gap of $805 billion[70] - Africa's life insurance penetration is less than 2%, presenting high-growth potential in the region[72] - The ASEAN markets have a combined population of over 650 million, with low life insurance penetration rates of 1%[74] - India has a life insurance penetration rate of 3% and a health protection gap estimated at over $350 billion[76] Operational Efficiency and Digital Transformation - The introduction of PRUServices in Malaysia led to a doubling of registrations within the year compared to the previous platform[82] - The enhanced customer digital servicing platform, PRUServices, saw a doubling in registrations compared to the previous platform[133] - In 2024, annualized savings of over $30 million were achieved in Indonesia through improved medical claims cost management[160] Environmental and Social Responsibility - The Group aims for a 55% reduction in weighted average carbon intensity (WACI) by 2030 against a 2019 baseline[181]

Financial Performance - Prudential reported a significant increase in adjusted operating profit, with a year-over-year growth of 12%[13]. - The company achieved a new business profit of £1.5 billion, reflecting a 15% increase compared to the previous year[13]. - Prudential's free surplus generation reached £1.2 billion, marking a 10% rise from the prior fiscal year[13]. - Profit after tax for 2024 was $2,415 million, up from $1,691 million in 2023 on a constant exchange rate basis[103]. - Total profit after tax for 2024 was $2,415 million, an increase from $1,691 million in 2023, reflecting improved operating earnings[172]. - Profit before shareholder tax increased by $856 million to $2,953 million, reflecting a 22% increase in profits from insurance businesses[184]. - Total tax contributions amounted to $1,086 million in 2024, up from $969 million in 2023, driven by higher withholding tax on investment income[196]. - The effective tax rate on total IFRS profit in 2024 remained unchanged at 18%[186]. - The Group's IFRS shareholders' equity decreased from $17.8 billion at the start of 2024 to $17.5 billion at year-end, primarily due to dividend payments and share buybacks totaling $(1.4) billion[198]. Market Strategy and Growth - The company plans to expand its market presence in Asia, targeting a 20% increase in market share over the next three years[13]. - Prudential's strategy focuses on capturing growth opportunities in Asia and Africa, targeting structural growth markets with a commitment to sustainable growth from 2022 to 2027[47]. - The health protection gap in Mainland China is estimated at $805 billion, with a life insurance penetration rate of only 2%[49]. - India has a life insurance penetration rate of 3% and a health protection gap exceeding $350 billion, representing a significant opportunity for Prudential[50]. - The ASEAN markets have a combined population of over 650 million, with life insurance penetration rates at just 1%[54]. - Prudential's agency force includes over 40,000 monthly active agents, representing 60% of the Group's total[57]. - The Group's strategy focuses on multi-market and multi-channel growth, particularly in Greater China, ASEAN, India, and Africa, serving over 18 million retail customers[95]. Customer Experience and Technology - Prudential aims to enhance customer experiences through digital platforms like PRUServices, which saw registrations double in its first year[60]. - The company is investing in technology to improve agent productivity and customer service, with upgrades to the PRUForce platform ongoing through 2025[61]. - Prudential's strategy focuses on enhancing technology and transforming customer experiences[37]. - The company aims to achieve top quartile relationship NPS by 2027, reflecting its commitment to superior customer experiences[159]. Dividends and Shareholder Returns - Prudential's dividend payout ratio remains stable at 50%, ensuring consistent returns to shareholders[13]. - The total cash dividend for 2024 is set at 23.13 cents per share, reflecting a 13% increase from 2023[76]. - The first interim dividend for 2024 is 6.84 cents per share, while the second interim dividend is 16.29 cents per share, both showing growth compared to previous years[74]. - The total dividend for 2024 was approved at 23.13 cents per share, representing a 13% increase[106]. - Prudential announced a $2 billion share buyback program, with $785 million returned to shareholders by 31 December 2024[167]. - The company expects a dividend per share increase of at least 10% in line with its dividend guidance[142]. Operational Efficiency and Cost Management - The company has outlined a strategic goal to achieve a 25% reduction in operational costs by 2026 through digital transformation initiatives[13]. - Central costs unallocated to a segment decreased by 9% in 2024 compared to the prior year, reflecting better control of head office and finance costs[192]. - The Group plans to invest $1 billion in strategic initiatives, with $0.3 billion already spent to enhance business capabilities[102]. Risk Management and Regulatory Environment - Prudential's risk management framework has been strengthened, focusing on geopolitical risks and regulatory changes impacting operations[13]. - The company is subject to regulatory changes and actions from authorities such as the Hong Kong Insurance Authority[26]. - Prudential operates in a continually changing business environment with emerging risks that may impact its operations[24]. - Prudential's operational resilience is critical, especially in relation to external disruptions and cyber threats[26]. Investment and Asset Management - Eastspring, Prudential's asset management arm, has $124.5 billion under management in Singapore and $51.5 billion in India[32]. - Eastspring's funds under management increased by 9% from $237.1 billion at the end of 2023 to $258.0 billion at the end of 2024, driven by positive inflows and market movements[101]. - The Group's regulatory capital position remains strong with an estimated shareholder surplus of $15.9 billion at 31 December 2024, with a cover ratio of 280%[104]. - Prudential's capital adequacy surplus above the prescribed capital requirement (GPCR) was $15.9 billion, with a cover ratio of 280% as of 31 December 2024[174]. Customer Retention and Acquisition - Customer retention increased by 1% to 87% in 2024, reflecting improved customer satisfaction and loyalty[113]. - APE sales from new-to-Prudential customers grew by 13% in 2024, indicating strong customer acquisition efforts[119]. - Bancassurance contributed 41% of the Group's total APE sales in 2024, with APE sales through this channel growing 16% to $2,532 million[126][127]. - Health and protection APE sales through bancassurance increased by 32% in 2024, accounting for over 50% of policies purchased through banks[128]. - New agent recruitment increased by 9% in 2024, with APE sales generated by PRUVenture agents rising by 34% compared to 2023[123][133]. - The customer retention rate stands at 87%, positioning the company well to grow its share of wallet with existing customers[148].

FF305 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年3月24日 | | 2,625,647,013 | | 0 | | | 2,625,647,013 | | 1). 購回股份 (股份購回並註銷) | | | -260,000 | 0.009902 % | | GBP | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2025年3月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | 每股發行/出售價 (註4) | 已發 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2025年3月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 FF305 確認 不適用 第一章節註釋： | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2025年3月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 02378 | 說明 | 普通股每股0.05英鎊 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) FF305 表格類別： 股票 狀態： 新提交 公司名稱： Prudential plc 保誠有限公司* (* 僅供識別) 呈交日期： 2025年3月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 第 1 頁 共 7 頁 v 1.3.0 | 1). | 購回擬註銷但尚未註銷之股份 | | 260,000 | 0.009898 % | GBP | 7.7787 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年3月18日 | | | | | | 2). | 購回擬註銷但尚未註銷之股份 | | 260,000 | 0.009898 % | GBP | 7.7332 | | | 變動日期 | 2025年3月19日 | | ...

Core Insights - The company reported a new business profit increase of 11% to $3.078 billion for the year ending December 31, 2024 [1] - Adjusted pre-tax operating profit rose by 10% to $3.129 billion, while adjusted post-tax operating profit increased by 7% to $2.582 billion [1] - The company’s free surplus ratio stands at 234%, exceeding the group’s capital requirements [2] Group 1 - New business profit increased by 11% to $3.078 billion, with traditional embedded value new business profit also rising by 11% [1] - Operating free surplus from insurance and asset management was $2.642 billion, slightly down from $2.706 billion in 2023, aligning with the company's expectations for free surplus generation from 2022 to 2027 [1] - The group’s European embedded value equity was $44.2 billion, down from $45.3 billion in 2023, equivalent to $16.64 per share [1] Group 2 - The company has completed $1.045 billion of its $2 billion share buyback program announced in June 2024, with expectations to complete the program by the end of 2025 [2] - The total dividend for 2024 is $0.2313 per share, reflecting a 13% increase, with the second interim dividend set at $0.1629 per share [2] - Total shareholder return for 2024, including share buybacks, is projected to be $1.4 billion [2]

Financial Data and Key Metrics Changes - New business profit grew 11% to $3.1 billion, aligning with 2024 guidance [4] - Gross operating free surplus generation reached $2.6 billion as expected [5] - Adjusted operating profit after tax increased by 8% per share [5] - Dividends per share increased by 13% [11] - A $2 billion share buyback program was launched, representing 8% of outstanding stock [11] Business Line Data and Key Metrics Changes - Significant progress in health business with a new joint venture in India planned with HCL Group [8][9] - Agency channel saw an increase of 4,000 activated agents in the second half of 2024 [7] - Health mix improved by 1 percentage point in new business profit [44] Market Data and Key Metrics Changes - Long-term growth trends in Asian and African markets are reasserting, creating significant opportunities [10] - The demand for long-term savings and protection products is growing across all markets [10] - In Hong Kong, the health and protection mix improved by 3% [113] Company Strategy and Development Direction - The company is focused on three pillars: customer, distribution, and health [6] - Investments in digitization and modernization of core operations are ongoing [7] - The company aims to build a stand-alone health insurance business in India on an organic basis [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving an inflection point for growth in free surplus generation by 2025 [12] - The company is focused on disciplined capital allocation and delivering accelerated returns to shareholders [11] - Management believes that 2025 will be a pivotal year for growth in free surplus [12] Other Important Information - The company is evaluating a potential listing of its Indian asset management company, with net proceeds intended for shareholders [13][14] - The pro forma free surplus ratio is above the upper end of the guided range [12] Q&A Session All Questions and Answers Question: Confidence in OFSG inflection point and implications for dividends - Management highlighted that the expected transfer of OFSG is projected to be up 13% in 2025, with a strong cash signature from new business cohorts [30][34] Question: Impact of global minimum tax on effective tax rates - Management does not expect a material impact on effective tax rates due to the complexity of the rules and the alignment of investment returns with assumptions [37] Question: New business margin and potential for improvement - Management identified growth in health and protection mix and agency focus as key drivers for improving new business margins [44][45] Question: Breakdown of operating variance - The operating variance of $299 million includes $175 million for investment in capability and $124 million for expense overruns [48] Question: Investment in the Indian health business - The outlay for the joint venture in India is expected to be modest, with growth planned on an organic basis [54] Question: Regulatory changes in Hong Kong and their impact - Management believes that regulatory changes will strengthen the Hong Kong insurance industry, with no expected impact on their business [64][67] Question: Dividend policy and growth expectations - Management indicated that dividend growth will follow net operating free surplus generation, with a focus on total shareholder returns [70][82] Question: Health pricing regulation in Malaysia - Management confirmed that they have agreed on a repricing schedule with BNM and are well-prepared to manage the regulatory changes [109] Question: Business trajectory in Hong Kong - Management reported a 15% growth in Hong Kong on an ex-economic basis, focusing on high-quality business and profitability [112]

EF004 除淨日 2025年3月27日 為符合獲取股息分派而遞交股份過戶 文件之最後時限 2025年3月28日 16:30 暫停辦理股份過戶登記手續之日期 不適用 記錄日期 2025年3月28日 股息派發日 2025年5月14日 股份過戶登記處及其地址 香港中央證券登記有限公司 1712-1716室 17樓 合和中心 皇后大道東183號 灣仔 香港 代扣所得稅信息 股息所涉及的代扣所得稅 不適用 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 Prudential plc（「本公司」）董事會（「董事會」）謹此宣佈： (1)二零二四年第二次中期股息每股普通股16.29美分將於二零二五年五月十四日（星期三）派發予(a)於二零二五年三月二十八日 （星期五）下午五時正（格林威治標準時間）名列英國股東名冊的股東；及(b)於二零二五年三月二十八日（星期五）下午四時三 十分（香港時間）名列香港股東名冊分冊的股東。於二零二五年三月二十八日（星期五）下午五時正（新加坡時間）於The Central Depository (Pte) Limited的證券賬戶進賬額持有股份的股東（ ...