Skip to Content

Prudential PLC PUK

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Prudential plc Full-Year 2020 Ahead of Our Estimates; Maintaining Fair Value Estimate for Now

Analyst Note

| Henry Heathfield, CFA |

Prudential plc has reported results for full-year 2020. The bottom line is that the business has delivered a net profit of USD 2,118 million to shareholders. That is quite a bit above our full-year estimate. We will have to wait until the annual report is released at a later March date in order to roll our model. However, presently we do not anticipate revising our fair value estimate of GBP 15.75 and we maintain our no-moat rating.

Read Full Analysis

Company Profile

Business Description

With the spin-off of Jackson National Life, Prudential will become an Asia-focused life insurer selling its policies in Hong Kong, Singapore, Indonesia, Malaysia, Vietnam, China, Thailand, Philippines, Taiwan and Africa. These geographic business units are supported by Eastspring Investments, Prudential's Asia-focused asset manager. As at year-end 2020 Eastspring had $248 billion in assets under management split between $138 billion for in-house Asia life and $110 billion managed for external clients.Prudential's most important markets are Hong Kong, Singapore, Indonesia and Malaysia and combined with Eastspring these five divisions account for over two thirds of adjusted operating profit. Adjusted reconciles IFRS operating profit with longer-term investment returns.

Contact
1 Angel Court
London, EC2R 7AG, United Kingdom
T +44 2072207588
Sector Financial Services
Industry Insurance - Life
Most Recent Earnings Dec 31, 2007
Fiscal Year End Dec 31, 2021
Stock Type
Employees 17,256

Related

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.