Prudential plc’s $686 Million Quarter Puts Asia Growth — and Inflation Risk — Back in Focus
Prudential plc reported a 10% rise in first-quarter new business profit to $686 million, driven by growth in Hong Kong and mainland China. Annual premium equivalent sales increased 6% to $1.823 billion. The company warned that higher energy-linked inflation could dampen demand in some smaller ASEAN markets. Prudential shares closed down 0.41% in London, underperforming the FTSE 100.