Prudential increases its 2014 full year dividend by 10%

DividendMax Ltd.

Prudential increases its 2014 full year dividend by 10%

Group Performance Highlights (on constant exchange rate basis):

IFRS operating profit of £3,186 million, up 14 per cent

EEV new business profit of £2,126 million, up 10 per cent

Underlying free surplus generation (after investment in new business) of £2,579 million, up 9 per cent

Net cash remittances from business units up 11 per cent to £1,482 million

Business Units Performance Highlights (on constant exchange rate basis):

Asia life and asset management IFRS operating profit of £1,140 million, up 17 per cent

Jackson life IFRS operating profit of £1,431 million, up 21 per cent1

UK life IFRS operating profit of £752 million, up 7 per cent

M&G IFRS operating profit of £446 million, up 13 per cent

Capital & Dividend:

IFRS shareholders' funds of £11.8 billion, up 22 per cent

EEV shareholders' funds of £29.2 billion, up 17 per cent, equivalent to 1,136 pence per share

Insurance Groups Directive (IGD) capital surplus estimated at £4.7 billion; solvency requirements covered 2.4 times

2014 full year dividend increased by 10 per cent to 36.93 pence per share

Companies mentioned