18 Jul 2013
Proposed designation as a global systemically important insurer
Prudential plc notes today’s announcement from the Financial Stability Board that the Group has been designated as a global systemically important insurer. The Group will be in discussions with the Prudential Regulation Authority to understand the implications of this designation. Once sufficient clarity has been established, the Group will determine its position, taking into account the interests of both our policyholders and our shareholders.
Prudential is an international financial services group in existence for 165 years, with significant operations in Asia, the US and the UK serving around 24 million insurance customers and with £405 billion of assets under management (as at 31 December, 2012). We are listed on stock exchanges in London, Hong Kong, Singapore and New York. Prudential is a strongly capitalised group with an estimated IGD surplus of £4.0 billion as at 31 March, 20131.
Enquiries:
| Media |
|
Investors/Analysts |
|
| Jonathan Oliver |
+44 (0)20 7548 3719 |
Raghu Hariharan |
+44 (0)20 7548 2871 |
| Robin Tozer |
+44 (0)20 7548 2776 |
Richard Gradidge |
+44 (0)20 7548 3860 |
1 After taking into account the 2012 final dividend of £0.5 billion
About Prudential plc
Prudential plc is incorporated in England and Wales, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for 165 years and has £405 billion of assets under management (as at 31 December, 2012). Prudential plc is not affiliated in any manner with Prudential Financial Inc., a company whose principal place of business is in the United States of America.