Prudential Continues To Deliver Resilient Operational Performance Amidst Market Volatility

HONG KONG SAR - Media OutReach - 10 August 2022 -

Performance highlights for the continuing business¹ on a constant (and actual) exchange rate basis²

• APE sales³ up 9 per cent (6 per cent) to $2,213 million reflecting diversified geographic footprint, product mix and distribution channels
• New business profit⁴ fell by (5) per cent ((7) per cent) to $1,098 million following the impact of higher interest rates and differences in geographical and channel mix

• Adjusted operating profit⁵ up 8 per cent (6 per cent) to $1,661 million

• Shareholder GWS capital surplus over GMCR, following Hong Kong and China regulatory changes, remains strong and resilient with a coverage ratio of 548 per cent⁶.