Prudential new-business profit rises 29%

|About: Prudential plc (PUK)|By:, SA News Editor

Prudential PLC's (PUK) new-business profit jumped to £529M ($897M) in Q1 from £410M a year earlier, as the insurer's Asia, U.S. and U.K. divisions all enjoyed growth.

New-business profit takes into account the expected future value of insurance policies written in the period.

Breakdown: U.K. +90% to £91M; U.S. Jackson unit +56% to £195M; Asia +3% to £243M.

Shares are +1.5% in London. (PR)

Subscribe for full text news in your inbox