Long-term thinking

Prudential plc Annual Report 2013

Group overview

Strong performance
through focus on
long-term opportunities

Read the Group Chief Executive’s report

Strategic report

Cropped segment of the 'How our business works' page

How our business works

We provide protection and savings opportunities to our customers, social and economic benefits to the communities in which we operate, jobs and opportunities to our employees, and financial benefits for our investors. By offering security, pooling savings and making investments, we help to drive the cycle of growth.

View how our business works

Cropped version of our strategy diagram

Our strategy

Our strategy is designed to create sustainable economic value for our customers and our shareholders. It is focused on three long-term opportunities:

  • The significant protection gap in Asia;
  • The transition of US baby boomers into retirement; and
  • The UK ‘savings gap’ and ageing population in need of returns and income.

View our strategy

Our businesses and their performance

People walking through a street market

Prudential Corporation Asia

12m
life customers

Prudential is a leading international life insurer in Asia, with life and/or asset management operations in 14 markets and serving the emerging middle class families of the region’s powerhouse economies.

View Asia

Two women walking through a park

Jackson

4m
life customers

Jackson is one of the largest life insurance companies in the US, providing retirement savings and income solutions aimed at the 77 million ‘baby-boomers’.

View Jackson

People walking along the south bank of the Thames, overlooking Westminster

Prudential UK and Europe

7m
life customers

Prudential UK delivers value for the Group through a relentless focus on the life and pensions needs of the age cohorts where wealth is most heavily concentrated.

View Prudential UK and Europe

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M&G

£244bn
assets under management

M&G has been investing money for individual and institutional clients for over 80 years, and has grown to be one of Europe’s largest retail and institutional fund managers by developing its enduring expertise in active investment.

View M&G

Governance

Strong and appropriate governance supporting business growth

Read the Governance report

‘The composition of the Board remains key to achieving the Group’s strategic objectives.’

Paul Manduca
Chairman

Financial statements

£2,954m
IFRS operating profit

£2,843m
EEV new business profit

£3,099m
underlying free surplus generation

£1,341m
net cash remittances from business units

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