Prudential's first-half operating profits increased by 9% to £2.4bn ($3.1bn), mainly due to an increase in operating profits in Asia of 14%. The bank said it had a "strong" balance sheet and was well capitalised with cash on hand at the end of last year that stood at £1.3bn.
Prudential's first-half operating profits increased by 9% to £2.4bn ($3.1bn), mainly due to an increase in operating profits in Asia of 14%. The insurer confirmed in March it would be demerging its European and UK operations, to be registered in the UK, and its Asian and United States divisions, to be registered in Hong Kong, in response to increased regulation and competitive pressures.