1st Dec 2006 08:15
Prudential PLC01 December 2006 Embargo: 08.15am Friday 1 December 2006 PRUDENTIAL EXPECTS AT LEAST TO DOUBLE 2005 ASIAN LIFE NEW BUSINESS PROFITS BY 2009 Prudential plc ("Prudential") will hold a presentation for investors andanalysts today to describe its Asian Life and Asset Management businesses. Barry Stowe, Chief Executive, Prudential Corporation Asia said: 'Prudential has built significant presence and scale in Asia with positions inall the major markets in the region. Between 1994 and 2005 life sales grew by24% CAGR and funds under management by 34% CAGR with strong growth continuinginto 2006. 'We expect our life business in Asia at least to double 2005 new businessprofits by 2009.' ENDS Enquiries Media Investors / analystsJon Bunn 020 7548 3559 James Matthews 020 7548 3561William Baldwin-Charles 020 7548 3719 Valerie Pariente 020 7548 3511 Notes to Editor: 1. A presentation to analysts will take place at 8.30am GMT at Governor's House, Laurence Pountney Hill, London, EC4R 0HH. An audio cast of the presentation will be available on the Group's website, www.prudential.co.uk. The presentations will be available at www.prudential.co.uk from 9.00am GMT. 2. An interview with Barry Stowe, Chief Executive, Prudential Corporation Asia will be available at www.prudential.co.uk from 8.30am GMT. 3. A media briefing will be held at 3pm today at Governor's House. To attend please call William Baldwin-Charles on 020 7548 3719. *Prudential plc is a company incorporated and with its principal place ofbusiness in the United Kingdom, and its affiliated companies constitute one ofthe world's leading financial services groups. It provides insurance andfinancial services directly and through its subsidiaries and affiliatesthroughout the world. It has been in existence for over 150 years and has £237.5billion in assets under management as at 30th June 2006. Prudential plc is notaffiliated in any manner with Prudential Financial, Inc, a company whoseprincipal place of business is in the United States of America. Forward-Looking Statements This statement may contain certain "forward-looking statements" with respect tocertain of Prudential's plans and its current goals and expectations relating toits future financial condition, performance, results, strategy and objectives.Statements containing the words "believes", "intends", "expects", "plans","seeks" and "anticipates", and words of similar meaning, are forward-looking. Bytheir nature, all forward-looking statements involve risk and uncertaintybecause they relate to future events and circumstances which are beyondPrudential's control including among other things, UK domestic and globaleconomic and business conditions, market related risks such as fluctuations ininterest rates and exchange rates, and the performance of financial marketsgenerally; the policies and actions of regulatory authorities, the impact ofcompetition, inflation, and deflation; experience in particular with regard tomortality and morbidity trends, lapse rates and policy renewal rates; thetiming, impact and other uncertainties of future acquisitions or combinationswithin relevant industries; and the impact of changes in capital, solvency oraccounting standards, and tax and other legislation and regulations in thejurisdictions in which Prudential and its affiliates operate. This may forexample result in changes to assumptions used for determining results ofoperations or re-estimations of reserves for future policy benefits. As aresult, Prudential's actual future financial condition, performance and resultsmay differ materially from the plans, goals, and expectations set forth inPrudential's forward-looking statements. Prudential undertakes no obligation toupdate the forward-looking statements contained in this statement or any otherforward-looking statements it may make. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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