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Added to YB: 2024-09-25

Pitch date: 2024-09-20

PUK [bullish]

Prudential plc

-2.41%

current return

Author Info

No bio for this author

Company Info

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Market Cap

GBP 22.0B

Pitch Price

GBP 16.98

Price Target

31.50 (+90%)

Dividend

2.55%

Sector

Insurance

Category

growth

Prudential plc: Tilts to Long-Term Health and High-Quality Advisor Model

PUK: Asian life/health insurer, strong in HK/SG. Investing $1B in tech, customer exp & health. Targets double-digit NBP & OFSG growth. FVE $31.50. No moat yet, but high retention & Pulse app build advantages. Risks: China slowdown. 296% capital coverage. Div payout ~35% of OFSG. Bull: growth runway. Bear: smaller distribution vs peers.