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 Asian and UK operations, to be registered in the UK, and its European and United States divisions, to be registered in Hong Kong, in response to increased regulation and competitive pressures.
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.