Prudential Posts Rise in Third-Quarter Profit
Asia focused insurer Prudential reported a marginal one percent increase in third quarter new business profit to 709 million dollars. Margin expansion in Hong Kong helped offset a slowdown in mainland China.
Insights:
Prudential posted a 1% rise in third-quarter new business profit to $709 million on Thursday, supported by higher margins in Hong Kong. The increase reflects lifetime profits expected from policies sold in the three months ended September 30. China operations slowed down during the same period.
