Call Start: 17:00 January 1, 0000 7:21 PM ET Prudential PLC (NYSE:PUK) Q4 2020 Earnings Conference Call March 03, 2021, 17:00 ET Company Participants Mike Wells - Group Chief Executive & Executive Director Mark FitzPatrick - Group CFO, COO & Executive Director Laura Prieskorn - CEO, Jackson Holdings LLC Patrick Bowes - Head, IR Marcia Wadsten - CEO & CFO, Jackson National Life Insurance Company of New York Nic Nicandrou - CEO, Prudential Corporation Asia Ben Bulmer - Interim CFO of Asia Conference Call Par ...

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 March, 2021 PRUDENTIAL PUBLIC LIMITED COMPANY (Translation of registrant's name into English) 1 Angel Court, London, England, EC2R 7AG (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F X Form 40-F Indicate ...

Financial Performance - Adjusted operating profit for the first half of 2020 was $2.541 billion, a decrease of 3% compared to $2.619 billion in the same period of 2019[4]. - Operating free surplus earned was $1.979 billion, reflecting a 2% increase from $1.943 billion year-over-year[4]. - New business profit from life insurance dropped significantly to $1.160 billion, down 45% from $2.125 billion in the first half of 2019[4]. - IFRS post-tax profit was $534 million, a decline of 54% compared to $1.158 billion in the previous year[4]. - Net cash remittances from business units were $432 million, a 60% decrease from $1.093 billion in the first half of 2019[4]. - The total dividend for 2020 is estimated to be around $420 million, equivalent to approximately $0.161 per share, contingent on market conditions and financial performance[15]. - The profit before tax from continuing operations was $729 million, down 50% from $1,444 million in the first half of 2019[150]. - The total comprehensive income from continuing operations for the first half of 2020 was $311 million, compared to $3,343 million in the first half of 2019[154]. Capital and Liquidity - Total capital surplus above the group's minimum capital requirement was $12.4 billion as of June 30, 2020, up from $9.5 billion at the end of 2019[5]. - Shareholder equity under IFRS was $19.1 billion, with a per share value of $0.732, compared to $19.5 billion and $0.749 per share at the end of 2019[5]. - The group maintained a healthy liquidity position without breaching any covenants on core structural borrowings[23]. - As of June 30, 2020, the group's central liquidity reached $1.9 billion, with undrawn committed financing of $2.6 billion[23]. - The company has a committed liquidity resource of $2.6 billion available until 2025, ensuring it can meet cash demands without external financing[124]. Strategic Initiatives - The company announced plans for a complete separation of Jackson to focus on high-growth markets in Asia and Africa[11]. - The group successfully executed key strategic goals, including a significant bancassurance agreement with TMB in Thailand, reaching over 9 million customers[12]. - The group plans to fully separate and divest Jackson to focus on high-growth markets in Asia and Africa, maintaining dual primary listings in London and Hong Kong[12]. - The company is focusing on strategic priorities, including leveraging opportunities in its Asian business, which is seen as resilient[20]. - Prudential plans to accelerate the scale of its profitable activities to align with existing market access channels[14]. Digital Transformation - The digital health app Pulse has been launched in 11 markets, with over 8.1 million downloads since its introduction a year ago[12]. - The company has adapted to a digital sales environment, conducting over 20,000 remote meetings since March[12]. - Prudential is increasing the use of digital services and technology in its product offerings to meet changing customer needs, accelerated by the COVID-19 pandemic[93]. - The number of users adopting the Prudential Pulse app continues to rise, reflecting a shift towards virtual face-to-face sales methods in most markets[93]. Market Challenges - The annualized premium equivalent sales in Asia decreased by 45% in Q2 compared to the same period last year, while the decline in Q1 was 24%[17]. - The annualized premium equivalent sales in mainland China dropped by 64% in the first half of the year, with new business profit declining by 67%[17]. - The overall business performance showed resilience despite the challenges posed by COVID-19, with all business segments performing well[19]. - The company anticipates a decline in sales of fixed annuities and indexed annuities in the short term due to current interest rate drops, compared to 2019 levels[20]. Risk Management - The group faces various risks, including financial, operational, regulatory, and environmental, social, and governance risks, which could impact financial performance and brand reputation[112]. - The company is focusing on managing risks associated with ongoing operations to ensure it remains within its risk tolerance[88]. - Prudential has established a governance framework to clarify risk responsibilities and align risk management with business objectives[109]. - The group conducts stress and scenario testing, including reverse stress testing, to assess capital adequacy and ensure solvency needs are met[110]. Community and Social Responsibility - The company has allocated over $1.8 million from a $2.5 million COVID-19 fund to support vulnerable communities and healthcare facilities in Asia and Africa[12]. - Prudential's community initiatives aim to reach over 100,000 people in Africa through support from the COVID-19 relief fund[19]. - The company emphasizes the importance of ethical conduct in meeting customer needs and expectations[139]. Regulatory Environment - The group is monitoring regulatory developments related to the governance and ethical use of technology and data as the insurance industry increasingly adopts emerging technological tools and digital services[141]. - The implementation of IFRS 17 is expected to introduce significant changes to the recognition of profits, with the revised standard coming into effect in 2023[144]. - Prudential is adopting risk management and mitigation measures to address regulatory risks, including conducting risk assessments of business plans and closely monitoring the operating environment[143].

Prudential plc (NYSE:PUK) Q2 2020 Earnings Conference Call August 11, 2020 6:30 AM ET Company Participants Mike Wells - Group Chief Executive Officer Michael Falcon - Chief Executive Officer, Jackson Holdings LLC Axel Andre - Chief Financial Officer of Jackson Mark FitzPatrick - Group Chief Financial Officer & Chief Operating Officer James Turner - Group Chief Rick Officer and Compliance Officer Nic Nicandrou - Chief Executive, Prudential Corporation-Asia Raghu Hariharan - Chief Financial Officer of Prudent ...

| --- | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Prudential plc | | | | | | | 2020 Half Year Results | | | | | | | 11 August 2020 | | | | | | 1 This document may contain 'forward-looking statements' with respect to certain of Prudential's plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements that are not histori ...

Financial Performance - Adjusted operating profit from continuing operations was $5.31 billion, representing a 20% increase compared to $4.41 billion in 2018[3]. - Operating free surplus from continuing operations was $3.76 billion, up 10% from $3.41 billion in the previous year[3]. - New business profit from continuing operations in life insurance was $4.41 billion, a decrease of 6% from $4.71 billion in 2018[3]. - IFRS post-tax profit from continuing operations was $1.95 billion, down 32% from $2.88 billion in 2018[3]. - Net cash remittances from continuing operations amounted to $1.47 billion, a 3% increase from $1.42 billion in 2018[3]. - Total shareholder equity exceeding the group's minimum capital requirement was $9.5 billion, a decrease of 2% from $9.7 billion in 2018[3]. - The adjusted operating profit based on long-term investment returns for 2019 increased by 20%, reflecting continuous growth and resilience in the Asian business[19]. - The after-tax profit from continuing operations under IFRS for 2019 was $1.953 billion, accounting for Jackson's after-tax loss of $380 million[19]. - The company reported a significant decline in interest rates in 2019, which further decreased in 2020, impacting new business profits and IFRS earnings due to market volatility and the COVID-19 pandemic[21]. - The total cash flow for the holding company was $(2.006) billion, a significant decline from $1.178 billion in the previous year[115]. Dividends and Shareholder Returns - The full-year ordinary dividend was set at 46.26 cents per share, based on the 2019 base of 36.84 cents[4]. - The company has set a new progressive dividend policy for 2020, based on a base of $0.3684 per share from 2019[12]. - The group paid dividends of $1.634 billion in 2019, slightly down from $1.662 billion in 2018[117]. Business Strategy and Market Focus - The company plans to continue focusing on long-term value for customers[9]. - The company aims to broaden its capabilities in structural growth markets, targeting more Asian customers and expanding into Africa, one of the fastest-growing regions globally[12]. - The company is focused on expanding its product range and distribution network to maximize its role in meeting the demand for guaranteed income retirement products in the U.S.[19]. - Prudential plc's strategy focuses on capturing long-term structural opportunities in Asia and Africa, aiming to meet the growing needs of the middle class for protection and investment products[35]. - The company aims to capture the growth potential in Asia, where it is expected that two-thirds of global life insurance growth will come from the region over the next decade, increasing its market share from 32% to 42% by 2029[59]. Customer Engagement and Innovation - The company is committed to improving service and products to enhance customer loyalty, which is a key factor in its financial stability[12]. - The company is focused on digital innovation and expanding financing channels to address the needs of an aging global population[16]. - The company launched a new end-to-end digital health application, Pulse by Prudential, to enhance its service offerings[20]. - The digital health super app, Pulse by Prudential, was launched in eight markets with over 1 million downloads[55]. - The company aims to provide a comprehensive digital customer experience and new value-added solutions through ongoing innovation[19]. Market Expansion and Performance - The company achieved double-digit growth in annual premium equivalent sales in six markets and new business profit in eight markets, highlighting the strength of its diversified business portfolio[19]. - Annual premium equivalent sales in Hong Kong increased by 8%, while new business profit rose by 29%[20]. - In mainland China, annual premium equivalent sales grew by 53%, driving new business profit up by 38%[20]. - In Africa, annual premium equivalent sales surged by 76% to $82 million, up from $47 million in the previous year[20]. - The company expanded its presence in Southeast Asia by establishing a new joint venture in Shaanxi, adding seven cities and 14 sales offices[20]. Risk Management and Regulatory Compliance - The group is currently transitioning to a new regulatory framework under the Hong Kong Insurance Authority, which is expected to be finalized in 2020[170]. - The group has established a comprehensive risk governance framework led by the Group Risk Committee, supported by independent non-executive directors from major subsidiaries[191]. - The group emphasizes the importance of balancing risk with profitability and growth in decision-making processes[191]. - The group continues to monitor regulatory developments at both national and global levels, which will significantly impact its operations, business development, and risk management practices[170]. Community Engagement and Corporate Social Responsibility - The company had 18,125 global employees and engaged in community investment of $2.91 million[7]. - The company continues to actively invest in community projects across multiple markets, contributing to local development[16]. - The company allocated $6.7 million to charitable causes in 2019[10]. - The company has provided additional free coverage and cash benefits to customers diagnosed with COVID-19 across eight Asian markets, including a donation of RMB 15 million to support efforts against the disease[73]. Economic and Market Conditions - The macroeconomic environment remains uncertain, but the core demand for long-term savings and protection products remains strong[19]. - The global economic growth slowed in 2019, driven by a contraction in the manufacturing sector, particularly in the Eurozone, the UK, and parts of Asia[167]. - The ongoing low interest rate environment poses challenges to the capital position and profitability of new business for life insurance companies[198]. - The geopolitical landscape in 2019 was marked by increasing polarization, with significant protests occurring globally, which could undermine social order and test the resilience of businesses and governments[169].

| --- | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Prudential plc | | | | | | | 2019 Full Year Results | | | | | | | 11 March 2020 | | | | | | 1 This document may contain 'forward-looking statements' with respect to certain of Prudential's plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements that are not historic ...

Prudential, Plc. (NYSE:PUK) Full Year 2019 Earnings Conference Call March 11, 2020 7:30 AM ET Company Participants Mike Wells – Group Chief Executive Officer Mark FitzPatrick – Group Chief Financial Officer & Chief Operating Officer James Turner – Group Chief Rick Officer and Compliance Officer Chad Myers – Executive Vice President and Chief Financial Officer-Jackson Holdings LLC Nic Nicandrou – Chief Executive, Prudential Corporation-Asia Michael Falcon – Chief Executive Officer-Jackson Holdings LLC Confer ...

Financial Performance - Adjusted IFRS operating profit from continuing operations for H1 2019 was £2.024 billion, a 21% increase compared to £1.669 billion in H1 2018[2]. - Operating free surplus from continuing operations reached £1.502 billion, reflecting a 28% growth from £1.173 billion in the previous year[2]. - New business profit from continuing operations in life insurance was £1.643 billion, a 3% increase from £1.588 billion in H1 2018[2]. - The tax-adjusted IFRS profit for H1 2019 was £1.540 billion, up 14% from £1.356 billion in H1 2018[2]. - Operating profit increased by 14% to £2.024 billion, with a 21% increase on a constant currency basis[7]. - The total profit from continuing operations after tax was £895 million, reflecting a 30% decrease, or 34% on a constant currency basis[21]. - The company reported a total profit of £1,540 million for the first half of 2019, compared to £1,356 million in the same period of 2018[132]. - The profit from continuing operations for the first half of 2019 was £895 million, a decrease from £1,273 million in the same period of 2018[135]. - The total comprehensive income for the first half of 2019 was £3,294 million, compared to £584 million in the same period of 2018, representing a significant increase[135]. Dividends and Shareholder Returns - The first interim ordinary dividend for 2019 was 16.45 pence, representing a 5% increase from 15.67 pence in 2018[1]. - The company declared an interim dividend of 16.45 pence per share for the first half of 2019, an increase of 4.95% from 15.67 pence in the same period of 2018[133]. - The group aims to achieve an annual shareholder cost-saving target of approximately £145 million by 2022[34]. Business Operations and Strategy - The group remains focused on enhancing operational efficiency and investing for future growth despite geopolitical and macroeconomic uncertainties[6]. - The group plans to complete the separation of M&GPrudential by Q4 2019, aiming to enhance operational efficiency and stakeholder alignment[7]. - The company is focused on structural growth markets in Asia and accelerating diversification in the US, aiming for better cash returns[15]. - The company is actively exploring diversification strategies through reinsurance and third-party financing to support its growth initiatives[8]. - Prudential is committed to ongoing monitoring of policyholder behavior and reviewing related assumptions to mitigate policyholder behavior risks[93]. Market and Economic Conditions - The economic growth in the US and China was noted at 1.3% and 3.0% respectively, while the UK faced uncertainties due to Brexit[7]. - Global economic growth has continued to slow since the beginning of the year, with manufacturing in the US, Eurozone, UK, and parts of Asia showing notable contraction[82]. - The geopolitical landscape remains uncertain, with trade and economic policies exhibiting national protectionism, particularly concerning Brexit and US-China relations[85]. Risk Management - The group has established a mature and integrated risk framework to monitor and manage risks during the transition period, ensuring operations remain within risk tolerance[82]. - Prudential's risk management framework is designed to monitor and report on the group's risk and solvency status from economic, regulatory, and rating perspectives[99]. - The group is actively managing risks related to data protection regulations, which have been incorporated into business requirements[82]. - The company is focused on addressing risks related to information security and data privacy, which are increasingly complex and evolving globally[113]. Capital and Solvency - The group’s solvency II coverage ratio decreased to 222% from 232%, a decline of 10 percentage points[1]. - The solvency II surplus is estimated at £16.7 billion, with a coverage ratio of 222%, down from £17.2 billion and 232% on December 31, 2018[8]. - The estimated solvency capital as of June 30, 2019, was £11.1 billion, which helps mitigate the impact of market volatility[117]. Investments and Acquisitions - The group made significant investments in Asia, including a £197 million acquisition of a 65% stake in TMB Asset Management and a £662 million regional strategic partnership with UOB[7]. - Prudential completed the acquisition of 51% of Group Beneficial, a major life insurance company in Cameroon, Ivory Coast, and Togo, enhancing its scale in the growing African market[72]. - The company announced plans to acquire a controlling stake in Thanachart Fund Management, which manages over £5 billion in assets, pending local regulatory approval[75]. Financial Position and Assets - Total assets under management grew by 6% to £341.1 billion, compared to £321.2 billion at the end of 2018[7]. - The total assets amounted to £554,683 million, an increase from £501,170 million in the same period of 2018, representing a growth of approximately 10.4%[140]. - The company's total liabilities decreased to £534,988 million from £485,280 million, which is a reduction of about 10.2%[140]. Regulatory Developments - The International Accounting Standards Board announced IFRS 17, which will significantly change the reporting for insurance entities starting in 2022[114]. - The group is currently engaging with the Hong Kong Insurance Authority regarding a proposed group-wide regulatory framework, expected to be published in the second half of 2020[114]. - The group has agreed to adopt local capital aggregation methods following the separation of M&G Prudential, determining regulatory capital requirements[114].

Prudential plc (NYSE:PUK) Q2 2019 Results Conference Call August 14, 2019 6:30 AM ET Â Company Participants Mike Wells - Group CEO Nic Nicandrou - CEO, Prudential Corporation Asia Michael Falcon - CEO, North American Business Mark FitzPatrick - CFO Chad Myers - CFO, Jackson Conference Call Participants Jon Hocking - Morgan Stanley Blair Stewart - BAML Oliver Steel - Deutsche Bank Johnny Vo - Goldman Sachs David Motemaden - Evercore ISI Greig Paterson - KBW Andrew Baker - Citi Andrew Crean - Autonomous Nick ...