Deals
Prudential Asia Profit Rose as Ping An Said to Mull Bid for Unit
- CEO Mike Wells says he’s bullish on Asia, sees opportunities
- Operating profit of 2.41 billion pounds beat analyst estimates
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Prudential Plc’s focus on Asia is paying off and its business in the region is drawing interest from competitors.
The largest U.K.-listed insurer reported that first-half profit from its Asian operations soared 14 percent to 1.02 billion pounds ($1.3 billion) on a constant exchange rate basis, ahead of a spinoff that would separate its U.K. operations from faster-growing markets elsewhere.