<SEC-DOCUMENT>0001654954-25-003044.txt : 20250320
<SEC-HEADER>0001654954-25-003044.hdr.sgml : 20250320
<ACCEPTANCE-DATETIME>20250320071434
ACCESSION NUMBER:		0001654954-25-003044
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250320
FILED AS OF DATE:		20250320
DATE AS OF CHANGE:		20250320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRUDENTIAL PLC
		CENTRAL INDEX KEY:			0001116578
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15040
		FILM NUMBER:		25754481

	BUSINESS ADDRESS:	
		STREET 1:		1 ANGEL COURT
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC2R 7AG
		BUSINESS PHONE:		011442075483737

	MAIL ADDRESS:	
		STREET 1:		1 ANGEL COURT
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC2R 7AG
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a3825b.htm
<DESCRIPTION>PRUDENTIAL PLC - 2024 FULL YEAR RESULTS
<TEXT>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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FORM 6-K</font></div>
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REPORT OF FOREIGN PRIVATE ISSUER</font></div>
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Pursuant to Rule 13a-16 or 15d-16 of</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
the Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">For the
month of March, 2025</font></div>
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PRUDENTIAL PUBLIC LIMITED COMPANY</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Translation
of registrant's name into English)</font></div>
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13/F, One International Finance Centre,</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
1 Harbour View Street, Central,</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Hong Kong, China</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">under
cover Form 20-F or Form 40-F.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Form
20-F X&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
&#xA0;Form 40-F</font></div>
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by check mark whether the registrant by furnishing the
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<font style="font-family: Times New Roman; font-size: 13px">contained
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the</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.</font></div>
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No X</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">in
connection with Rule 12g3-2(b): 82-</font></div>
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<img src="a3825b000.jpg"></div>
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NEWS RELEASE</font></div>
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<font style="color: #68737A; font-family: Times New Roman; font-size: 13px">
20 March 2025</font></div>
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<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
PRUDENTIAL PLC FULL YEAR 2024 RESULTS: BUILDING TOWARDS OUR 2027
STRATEGIC OBJECTIVES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Prudential plc ("Prudential"; HKEX: 2378; LSE: PRU) today announced
its financial results for the year ended 31 December
2024.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Performance highlights on a constant exchange rate basis unless
otherwise stated</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; color: #373A36; font-family: Times New Roman; font-size: 13px">
All new business profit growth rates in this report are reported on
a constant exchange rate basis, and excluding interest rate and
other economic movements, unless otherwise stated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="color: #373A36; font-size: 13px">New business profit of $3,078
million, up 11 per cent. Including the effects of interest rates
and other economic movements, new business profit was broadly flat.
TEV new business profit also up 11 per cent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;&#xA0;</font> <font style="color: #373A36; font-size: 13px">Operating free surplus generated
from in-force insurance and asset management business of $2,642
million (2023: $2,706 million) was in line with the shape of free
surplus generation we set out from 2022 to 2027. We continue to
invest in improving our operating model, to build capabilities and
create value, including through addressing
variances.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="color: #373A36; font-size: 13px">Adjusted operating profit before
tax increased 10 per cent to $3,129 million. Adjusted operating
profit after tax increased by 7 per cent to $2,582 million.
Earnings per share based on adjusted operating profit was 89.7
cents per share, representing an increase of 8 per cent on a
consistent basis with 2023 (before the adjustment in&#xA0; respect
of the non-controlling interest in our Malaysia conventional life
business).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">Group EEV equity of $44.2 billion
(2023: $45.3 billion on an actual exchange rate basis) equivalent
to 1,664 cents per share (2023: 1,643 cents per share on an actual
exchange rate basis).</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">Strong capital position with free
surplus ratio of 234 per cent and GWS shareholder surplus over GPCR
of $15.9 billion, equivalent to a cover ratio of 280 per cent.
Allowing for the share buyback programme completion, payment of the
2024 second interim dividend and the commencement of the new
bancassurance arrangement in Indonesia, the free surplus ratio
would be 204 per cent.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">Completed $1,045 million (123
million shares) in share buybacks as at 14 March under our $2
billion programme announced in June 2024. This programme is now
expected to complete by the end of 2025 rather than our original
guidance of mid-2026.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">2024 total dividend of 23.13
cents per share, up 13 per cent, with 2024 second interim dividend
of 16.29 cents per share. Including share buybacks total
shareholder returns in FY24 were $1.4 billion.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Commenting on the results, CEO Anil Wadhwani, said: "In 2024 we
made good progress in executing on our strategy to improve our
operational capabilities and deliver growth. Our financial
performance was in line with our guidance, with new business profit
up 11 per cent and operating free surplus generated of $2,642
million. On a traditional embedded value (TEV) basis, which we will
be converting to from Q1 2025, new business profit also grew 11 per
cent in the year. The long-term growth trends inherent in our Asia
and Africa markets are reasserting themselves, creating significant
opportunities for us. Insurance penetration rates in Asia are low
and there is continued, and growing, demand for long term savings
and protection products across our markets, alongside a need for
wealth management and retirement planning, particularly in our
higher income Asian markets.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
"We are well positioned to capitalise on this growth opportunity.
Our focus is on writing quality new business alongside managing our
in-force business and improving variances by enhancing operational
delivery and serving our customers' needs. We have seen good
progress in 2024 with improved cash signatures for new business,
growth in the number of active agents in the second half and
actions undertaken to improve our variances through implementing
better health claims management, improving persistency and
modernising our IT infrastructure to capture economies of
scale.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
"The dividend for 2024 is up 13 per cent on a per share basis and
amounts to just over $600 million. This is alongside the $785
million we returned to shareholders in 2024 through our $2 billion
share buyback programme, which we have accelerated to complete by
the end of 2025 ahead of our original mid-2026 schedule. We have
also announced that we are evaluating a potential listing of ICICI
Prudential Asset Management Company Limited involving the partial
divestment of our shares in that company, subject to market
conditions, requisite approvals and other considerations. It is
intended that following the completion of such a divestment, the
net proceeds would be returned to shareholders. These initiatives
underscore our disciplined capital management based on the clear
framework communicated in June 2024 and our focus on improving
shareholder returns. We intend to update you on our capital
management plans at our half year 2025 Results in
August."</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 38%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Key
summary financials</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2024 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2023
$m</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Change
on</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">AER
basis</font></div>
</td>
<td style="vertical-align: bottom; width: 31%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Change
on CER basis (and for NBP only excluding</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">&#xA0;interest
rate and other economic movements)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">New
business profit</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
3,078</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">3,125</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">11%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Operating
free surplus generated from in-force insurance and asset management
business</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,642</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,740</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(4)%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Group
EEV equity*</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
44,218</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">45,250</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Adjusted
operating profit before tax</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
3,129</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,893</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">8%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">10%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Adjusted
operating profit after tax</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,582</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,449</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">5%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">IFRS
profit after tax</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,415</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1,712</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">41%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">43%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 38%; border-bottom: 2px solid #373a36">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">IFRS
shareholders' equity*</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
17,492</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">17,823</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
<td style="vertical-align: bottom; width: 31%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
* Balance sheet metrics are presented after deduction of
non-controlling interests. For 2024 non-controlling interests
include the 49 per cent non-controlling interest in our
conventional life business in Malaysia.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Business Performance</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
We are writing quality new business with improved cash signatures
alongside improving operational delivery and better serving our
customers' needs. The investment in, and focus on, our customer,
distribution, and health strategic pillars is creating strong and
stable platforms to support our future growth.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
We are focused on building momentum in our agency channel by
prioritising quality recruitment and through improving agent
activation and productivity across all our markets. We are already
seeing benefits, with our active agent count being 67,000 in the
second half of 2024, up from 63,000 in the first half. Agency new
business profit momentum improved in the second half of 2024, being
4 per cent higher than the same period in the prior year, compared
with the (5) per cent decrease seen in the first half given the
strong performance in 2023 when the Hong Kong border re-opened.
Overall, new business profit per active agent grew 5 per cent. Key
actions we are taking to drive the performance of the agency
channel are quality recruitment, including through expanding our
PRUVenture career development programme, partnering with MDRT.org
to enhance agent training and development and continuing to invest
in PRUForce, our agency digital platform, to improve our agents'
productivity and our operational efficiency.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Bancassurance new business profit increased by 31 per cent. New
business margins improved, before allowing for the effects of
interest rate and other economic movements, driven by a higher
contribution to APE sales from Health and Protection products,
which now represent 8 per cent of our bancassurance APE sales. 14
markets achieved double-digit year-on-year growth in new business
profit, led by Hong Kong, Singapore, and Taiwan. We also further
strengthened our bancassurance platform with new strategic
partnerships in Indonesia and by launching new wealth and health
and protection products.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Health new business profit grew 11 per cent to $346 million, with
growth led by Hong Kong, Singapore, and Indonesia, supported by new
healthcare products, repricing initiatives, and further training
and enablement of our agency force. Creating a specialist health
pillar and sharing best practice across our health businesses has
given us first-mover advantage on repricing, which has helped
offset the effects of medical inflation.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
We have achieved top quartile relationship Net Promoter Scores
(rNPS) in five markets, improving from four markets in 2023, with
all ten markets in which we measure rNPS now ranked in the first or
second quartile. This reflects strong customer satisfaction, driven
by continuous improvement in customer experience, and enhancement
of our customer digital servicing platform, PRUServices, which we
expect to have deployed in seven business units by the end of the
first quarter of 2025.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Eastspring Investments reported strong net inflows from third
parties (excluding money market funds and funds managed on behalf
of M&amp;G) of $6.5 billion (2023: $4.1 billion), contributing to
total funds under management and advice (FUM) at 31 December 2024
of $258 billion. The growth in FUM reflects improved investment
market conditions, better investment performance, and strong
in-house and external retail momentum. We see asset management as
an integrated part of the Prudential franchise.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Outlook</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Our multi-channel and multi-growth model and our focus on
operational delivery positions us well for 2025. We remain focused
on quality growth and consistent execution of our transformation
programme with 2025 marking the inflection point for growth in our
gross operating free surplus generation. We expect to grow each of
new business profit, basic earnings per share based on adjusted
operating profit and operating free surplus generated from in-force
insurance and asset management business by more than 10 per cent in
2025, all based on constant exchange rates. Based on this, we
expect the dividend per share to increase by at least 10 per cent,
in line with our dividend guidance.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Since announcing our strategy in 2023, we substantially reset our
focus on Customer, Distribution and Health. We have been building
and modernising our capabilities through targeted investments to
address the historic under investment, including digitising and
harmonising our core operations and infrastructure. Our investments
are transforming our ways of working across all aspects of our
business. We believe during 2025 and into 2026, we will further
evolve our capabilities to a level that will position us strongly
for accelerated growth. Looking further ahead, based on our
relentless focus on writing quality new business, managing our
in-force business and improving our net experience variances, we
remain confident in achieving our 2027 financial and strategic
objectives and generating sustainable value for our shareholders
and other stakeholders.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
KEY SUMMARY FINANCIALS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #EE2724; font-family: Times New Roman; font-size: 13px">
Earnings</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 56%; border-bottom: 2px solid #ee2724">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Key summary financials</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2024 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2023
$m</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Change
on AER basis</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Change
on CER basis</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Adjusted
operating profit</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
3,129</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,893</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">8%</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">10%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Adjusted
operating profit after tax</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,582</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,449</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">5%</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Basic
earnings per share based on adjusted operating profit*
(cents)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
89.7</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">89.0</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1%</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">IFRS
profit after tax</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,415</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1,712</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">41%</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">43%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Basic
earnings per share based on IFRS profit after tax*
(cents)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
84.1</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">62.1</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">35%</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">37%</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #EE2724; font-family: Times New Roman; font-size: 13px">
Value</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 56%; border-bottom: 2px solid #ee2724">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Key summary financials</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2024 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
2023 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Change on AER basis</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ed1b2e">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Change on CER basis (and for NBP only excluding interest rate and
other economic movements)</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">APE
sales</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
6,202</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">5,876</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">6%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Present
value new business premiums (PVNBP)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
30,612</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">28,737</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">8%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">New
business profit (EEV)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
3,078</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">3,125</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">11%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">New
business margin (% APE)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
50</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">53</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(3)ppts</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Life
weighted premium income</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
25,409</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">24,001</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">6%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Group
EEV equity*</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
44,218</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">45,250</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Group
EEV equity per share (US$)*</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
16.64</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">16.43</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">EEV
operating profit</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
4,828</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">4,546</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">6%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">7%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Operating
return on embedded value (%)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
12</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">12</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-ppts</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Group
EEV per share ($)*</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
16.36</font></div>
</td>
<td style="vertical-align: bottom; width: 10%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">16.15</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1%</font></div>
</td>
<td style="vertical-align: top; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 56%; border-bottom: 2px solid #373a36">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Eastspring
funds under management / advice ($bn)</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
258.0</font></div>
</td>
<td style="vertical-align: bottom; width: 10%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">237.1</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 2px solid #373a36">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">9%</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: 2px solid #242424">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">n/a</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #EE2724; font-family: Times New Roman; font-size: 13px">
Capital</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 63%; border-bottom: 2px solid #ee2724">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Key summary financials</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2024 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
2023 $m</font></div>
</td>
<td style="vertical-align: bottom; width: 13%; border-bottom: 2px solid #ee2724">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Change on AER basis</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">IFRS
shareholders' equity*</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
17,492</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">17,823</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">IFRS
shareholders' equity per share (US$)*</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
6.58</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">6.47</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Operating
return on IFRS shareholders' equity (%)*</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
14</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #373A36">Adjusted total comprehensive
equity*&#xA0;</font><font style="font-size: 70%; vertical-align: top; color: #373A36">#</font></font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
36,660</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">37,346</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(2)%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Operating
free surplus generated from in-force insurance and asset management
business</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
2,642</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">2,740</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(4)%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Free
surplus excluding distribution rights and other
intangibles*</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
8,604</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">8,518</font></div>
</td>
<td style="vertical-align: bottom; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">1%</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Free
surplus ratio (%)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
234</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">242</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(8)ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Group
leverage ratio (Moody's basis) (%)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
13</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">14</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(1)ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Shareholders
GWS coverage ratio over GPCR (%)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
280</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">295</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">(15)ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Total
GWS coverage ratio over GPCR (%)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
203</font></div>
</td>
<td style="vertical-align: bottom; width: 12%">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">197</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">6ppts</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 63%; border-bottom: 2px solid #000000">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Dividend
per share (cents)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
23.13</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">20.47</font></div>
</td>
<td style="vertical-align: bottom; width: 13%; border-bottom: 2px solid #000000">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">13%</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
* Presented after deduction of non-controlling interests. For 2024
non-controlling interests include the 49 per cent non-controlling
interest in our conventional life business in
Malaysia.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
# Includes IFRS shareholders' equity and contractual service margin
net of tax and other adjustments. See "Definitions of Performance
Metrics" in our Annual Results Document for further
information.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Notes</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
The summary financials presented above are the key financial
metrics Prudential's management use to assess and manage the
performance and position of the business. In addition to the
metrics prepared in accordance with IFRS standards - IFRS profit
after tax and IFRS shareholders' equity - additional metrics are
prepared on alternative bases. The presentation of these key
metrics is not intended to be considered as a substitute for, or
superior to, financial information prepared and presented in
accordance with IFRS Standards. The definitions of the key metrics
we use to discuss our performance in this press release are set out
in the "Definition of performance metrics" section in our Annual
Results Document, including, where relevant, references to where
these metrics are reconciled to the most directly comparable IFRS
measure.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Further information on actual and constant exchange rate bases is
set out in note A1 of the IFRS financial statement. All results are
presented in US dollars.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Annual Results Document</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Prudential plc's results for the year ended 31 December 2024 are
available to view on the Prudential corporate website at
https://www.prudentialplc.com/investors and have been submitted in
full unedited text to the Financial Conduct Authority's National
Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #373A36; background-color: #FFFFFF">
This document will also be available at&#xA0;</font><font style="text-decoration: underline; color: #0000FF; background-color: #FFFFFF">http://www.rns-pdf.londonstockexchange.com/rns/3777B_1-2025-3-19.pdf</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #373A36; font-size: 13px">
We will announce our</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #373A36; font-size: 13px">Full Year 2024
Results</font><font style="color: #000000">&#xA0;</font><font style="color: #373A36; font-size: 13px">on
Thursday, 20 March HKT | Wednesday, 19 March 2025 UKT &amp;
ET.&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Please note the impact of time zones on the announcement date for
your particular location.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Please find key details below:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Announcement publication</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Hong Kong Stock Exchange &amp; Financial Media: 6.00am HKT,
Thursday 20 March | 10.00pm UKT - 6.00pm ET, Wednesday 19
March</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
London Stock Exchange: 3:00pm HKT | 7:00am UKT | 3.00am ET,
Thursday 20 March</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Pre-Recorded Results Presentation</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
A pre-recorded presentation for analysts and investors will be
available on-demand from 6.00am HKT, on Thursday 20 March | 10.00pm
UKT - 6.00pm ET, on Wednesday 19 March via this link:
https://www.investis-live.com/prudential/67a38013bd0e0d0014d7b5de/japeht</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
A copy of the presentation script will also be available on
Prudential plc's website at the same time.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Virtual Q&amp;A Event for Analysts &amp; Investors</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Date: Thursday, 20 March 2025</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Time: 4.30pm HKT | 8.30am UKT | 4.30am ET</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
How to Join:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #373A36; font-size: 13px">
Listen to the audio webcast online &amp; Submit
Questions:</font><font style="color: #000000">&#xA0;</font><font style="color: #373A36; font-size: 13px">https://www.investis-live.com/prudential/67a382b40164ff000f7d4206/lqpmk</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
The audio webcast will be available for replay using the same
link.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Dial-in to Listen &amp; Ask Questions:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
&#xA0;<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Dial-in Numbers:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Hong Kong: +852 5803 3413</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Hong Kong Freephone: +852 800 908 350</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
China: +86 21 8036 9402</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -12px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
UK &amp; International: +44 (0) 20 3936 2999</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
UK Freephone: 0800 358 1035</font></div>
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<div style="text-align: left; margin-left: 36px; margin-right: 0px; text-indent: -12px;">
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Global dial-in numbers:
https://www.netroadshow.com/events/global-numbers?confId=77645</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #373A36; font-size: 13px">-&#xA0;&#xA0; Access
Code:</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #373A36; font-size: 13px">218834</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Please join 15 minutes before the start time (lines open at 4.00pm
HKT | 8.00am UKT | 4.00am ET).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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Post-Event Access</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Transcript: Available on Tuesday, 25 March on Prudential's results
centre webpage.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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Playback Facility:</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Dial: +44 (0) 20 3936 3001</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Replay Code: 279410</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
Available from 9.00pm HKT | 1:00pm UKT | 9.00am ET on 20 March
until 6.59am HKT on Friday, 4 April | 11.59pm UKT - 5.59pm ET on
Thursday, 3 April.</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
For any questions, please contact us at the Investor Relations team
using the details below.</font></div>
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Media</font></div>
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<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Investors/analysts</font></div>
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<div style="padding-top: 8px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Simon
Kutner</font></div>
</td>
<td style="vertical-align: bottom; width: 25%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">+44
(0)7581 023260</font></div>
</td>
<td style="vertical-align: bottom; width: 25%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Patrick
Bowes</font></div>
</td>
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<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">+852
2918 5468</font></div>
</td>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Sonia
Tsang</font></div>
</td>
<td style="vertical-align: bottom; width: 25%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">+852
5580 7525</font></div>
</td>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">William
Elderkin</font></div>
</td>
<td style="vertical-align: bottom; width: 25%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">+44
(0)20 3977 9215</font></div>
</td>
</tr><tr>
<td style="vertical-align: bottom; width: 24%">
<div style="padding-top: 8px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">Darwin
Lam</font></div>
</td>
<td style="vertical-align: bottom; width: 25%">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: -12px; padding-top: 8px;">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">+852
2918 6348</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
About Prudential plc</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Prudential plc provides life and health insurance and asset
management in 24 markets across Asia and Africa. Prudential's
mission is to be the most trusted partner and protector for this
generation and generations to come, by providing simple and
accessible financial and health solutions. The business has dual
primary listings on the Stock Exchange of Hong Kong (2378) and the
London Stock Exchange (PRU). It also has a secondary listing on the
Singapore Stock Exchange (K6S) and a listing on the New York Stock
Exchange (PUK) in the form of American Depositary Receipts. It is a
constituent of the Hang Seng Composite Index and is also included
for trading in the Shenzhen-Hong Kong Stock Connect programme and
the Shanghai-Hong Kong Stock Connect programme.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Prudential is not affiliated in any manner with Prudential
Financial, Inc. a company whose principal place of business is in
the United States of America, nor with The Prudential Assurance
Company Limited, a subsidiary of M&amp;G plc, a company
incorporated in the United Kingdom.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
https://www.prudentialplc.com/</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #373A36; font-family: Times New Roman; font-size: 13px">
Forward-looking statements</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
This document contains 'forward-looking statements' with respect to
certain of Prudential's (and its wholly and jointly owned
businesses') plans and its goals and expectations relating to
future financial condition, performance, results, strategy and
objectives. Statements that are not historical facts, including
statements about Prudential's (and its wholly and jointly owned
businesses') beliefs and expectations and including, without
limitation, commitments, ambitions and targets, including those
related to sustainability matters, and statements containing the
words 'may', 'will', 'should', 'could', 'continue', 'aims',
'estimates', 'projects', 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates', and words of similar meaning and the
negatives of such words, are forward-looking statements. These
statements are based on plans, estimates and projections as at the
time they are made, and therefore undue reliance should not be
placed on them. By their nature, all forward-looking statements
involve risk and uncertainty.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
A number of important factors could cause actual future financial
condition or performance or other indicated results to differ
materially from those indicated in any forward-looking statement.
Such factors include, but are not limited to:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">current and future market
conditions, including fluctuations in interest rates and exchange
rates, inflation (including resulting interest rate rises),
sustained high or low interest rate environments, the escalation of
protectionist policies, the performance of financial and credit
markets generally and the impact of economic uncertainty, slowdown
or contraction (including as a result of the emergence,
continuation and consequences of adverse geopolitical conditions,
such as political instability, unrest, war, the ongoing conflicts
between Russia and Ukraine and in the Middle East, and increasing
global or diplomatic tensions related to China and/or the US, as
well as resulting economic sanctions and export and currency
controls), which may also impact policyholder behaviour and reduce
product affordability;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">asset valuation impacts from
sustainability related considerations;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">derivative instruments not
effectively mitigating any exposures;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">global political uncertainties,
including the potential for increased friction in cross-border
trade and the exercise of laws, regulations and executive powers to
restrict trade, financial transactions, capital movements and/or
investment;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the policies and actions of
regulatory authorities, including, in particular, the policies and
actions of the Hong Kong Insurance Authority, as Prudential's
Group-wide supervisor, as well as the degree and pace of regulatory
changes and new government initiatives
generally;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the impact on Prudential of
systemic risk and other group supervision policy standards adopted
by the International Association of Insurance Supervisors, given
Prudential's designation as an Internationally Active Insurance
Group;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the physical, social,
morbidity/health and financial impacts of climate change and global
health crises (including pandemics), which may impact Prudential's
business, investments, operations and its duties owed to
customers;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">legal, policy and regulatory
developments in response to climate change and broader
sustainability-related issues, including the development of
regulations and standards and interpretations such as those
relating to sustainability reporting, disclosures and product
labelling and their interpretations (which may conflict and create
misrepresentation risks);</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the collective ability of
governments, policymakers, the Group, industry and other
stakeholders to implement and adhere to commitments on mitigation
of climate change and broader sustainability-related issues
effectively (including not appropriately considering the interests
of all Prudential's stakeholders or failing to maintain high
standards of corporate governance and responsible business
practices), and the challenges presented by conflicting national
approaches in this regard;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the impact of competition and
fast-paced technological change;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the effect on Prudential's
business and results from mortality and morbidity trends, lapse
rates and policy renewal rates;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the timing, impact and other
uncertainties of future acquisitions or combinations within
relevant industries;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the impact of internal
transformation projects and other strategic actions failing to meet
their objectives or adversely impacting the Group's operations or
employees;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the availability and
effectiveness of reinsurance for Prudential's
businesses;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the risk that Prudential's
operational resilience (or that of its suppliers and partners) may
prove to be inadequate, including in relation to operational
disruption due to external events;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">disruption to the availability,
confidentiality or integrity of Prudential's information
technology, digital systems and data (or those of its suppliers and
partners), including the risk of cyber-attacks and challenges in
integrating AI tools, which may result in financial loss, business
disruption and/or loss of customer services and data and harm to
Prudential's reputation;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the increased non-financial and
financial risks and uncertainties associated with operating joint
ventures with independent partners;</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the impact of changes in capital,
solvency standards, accounting standards or relevant regulatory
frameworks, and tax and other legislation and regulations in the
jurisdictions in which Prudential and its affiliates operate;
and</font></font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: -12px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #E30420; font-size: 13px">-&#xA0;</font> <font style="color: #373A36; font-size: 13px">the impact of legal and
regulatory actions, investigations and
disputes.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
These factors are not exhaustive. Prudential operates in a
continually changing business environment with new risks emerging
from time to time that it may be unable to predict or that it
currently does not expect to have a material adverse effect on its
business. In addition, these and other important factors may, for
example, result in changes to assumptions used for determining
results of operations or re-estimations of reserves for future
policy benefits. Further discussion of these and other important
factors that could cause actual future financial condition or
performance to differ, possibly materially, from those anticipated
in Prudential's forward-looking statements can be found under the
'Risk Factors' heading of this document.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Any forward-looking statements contained in this document speak
only as of the date on which they are made. Prudential expressly
disclaims any obligation to revise or update any of the
forward-looking statements contained in this document or any other
forward-looking statements it may make, whether as a result of
future events, new information or otherwise except as required
pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK
Disclosure Guidance and Transparency Rules, the Hong Kong Listing
Rules, the SGX-ST Listing Rules or other applicable laws and
regulations.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #373A36; font-family: Times New Roman; font-size: 13px">
Prudential may also make or disclose written and/or oral
forward-looking statements in reports filed with or furnished to
the US Securities and Exchange Commission, the UK Financial Conduct
Authority, the Hong Kong Stock Exchange and other regulatory
authorities, as well as in its annual report and accounts to
shareholders, periodic financial reports to shareholders, proxy
statements, offering circulars, registration statements,
prospectuses, prospectus supplements, press releases and other
written materials and in oral statements made by directors,
officers or employees of Prudential to third parties, including
financial analysts. All such forward-looking statements are
qualified in their entirety by reference to the factors discussed
under the 'Risk Factors' heading of this document.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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Cautionary statements</font></div>
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This document does not constitute or form part of any offer or
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issue, or any solicitation of any offer to purchase, acquire,
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SIGNATURES</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</font></div>
&#xA0; <font style="font-family: Times New Roman; font-size: 13px;"><br>
</font></div>
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<br></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:<font style="font-weight: bold">&#xA0;</font>20
March 2025</font></div>
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<tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">PRUDENTIAL
PUBLIC LIMITED COMPANY</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px">
By: /s/&#xA0;</font> Ben Bulmer</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Ben
Bulmer</font></div>
</td>
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<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
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