The growth rate would have been 12% on a constant exchange rate basis, excluding interest rate and other economic movements.
(March 18): Prudential plc’s new business profit rose, thanks to growth in Hong Kong and China markets, as the insurer said it will buy back an additional US$1.2 billion ($1.5 billion) in its own stock.
New business profit climbed 13% to US$2.78 billion on an actual exchange rate basis in the 12 months to Dec 31, according to a statement on Wednesday. That compared with the US$2.76 billion average estimate by three analysts compiled by Bloomberg.
