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Announcements and results from insurers such as AIA, Prudential, Manulife, FWD and HSBC, and brokerage platforms such as Futu, Tiger and Interactive Brokers.
313 related updatesLast 30 days 156 itemsFeatured 0 items
Prudential announced its 2021 second interim dividend of 11.86 US cents per ordinary share, with different payment currencies and arrangements for holders in the UK, Hong Kong, Singapore, and US depository receipts. UK and Hong Kong registered shareholders can elect to receive dividends in US dollars by 21 April 2022, with GBP and HKD payment amounts expected to be announced around 28 April 2022.
Read originalPrudential announced its first interim dividend for 2022 of 5.74 US cents per ordinary share. Registered shareholders in the UK and Hong Kong can choose to receive dividends in US dollars, with the selection deadline being September 5, 2022 for the UK and September 9, 2022 for Hong Kong. The corresponding dividend amounts per share in British pounds and Hong Kong dollars are expected to be announced around September 16, 2022, and the payment date for holders in the UK, Hong Kong, and US Depositary Receipts is September 27, 2022.
Read originalPrudential has released a white paper outlining its vision for a just and inclusive low-carbon transition and differentiated implementation pathways for emerging markets. The white paper focuses on the transition challenges and opportunities in the emerging markets of Asia and Africa where it operates, mentioning pilot energy transition mechanisms in Indonesia, the Philippines, and South Africa, and advocating for placing emerging market demands at the core of climate transition discussions.
Read originalPrudential plc announced that Alice Schroeder will step down as a Non-Executive Director at the Annual General Meeting on 26 May 2022. She has served as a Non-Executive Director and member of the Audit Committee since June 2013, joined the Risk Committee in March 2018, and became Chair of the Responsibility and Sustainability Taskforce in February 2021. The Chairman of Prudential expressed gratitude on behalf of the Board for her contributions during her tenure.
Read originalPrudential confirmed the previously announced leadership transition, with Group Chief Executive Mike Wells stepping down at the end of March 2022. Prudential has completed its strategic restructuring focused on Asia and Africa, reporting 2021 ongoing business APE sales of USD 4.194 billion, an 8% year-on-year increase at constant exchange rates. Prudential's 2021 ongoing business new business profit reached USD 2.526 billion, a 13% year-on-year increase at constant exchange rates.
Read originalPrudential Group announced its first-quarter business performance for the period ended March 31, 2024. Excluding economic impacts, new business profit increased by 11% year-on-year to US$810 million, and APE sales increased by 7% year-on-year on a constant exchange rate basis to US$1.625 billion. APE sales in the Hong Kong market increased by 1% year-on-year, and the new business margin rose from 64% to 69%. APE sales in Malaysia increased by 29% year-on-year, and APE sales in Singapore increased quarter-on-quarter for three consecutive quarters. The group is more confident in achieving its 2027 financial and strategic targets and expects to update its capital management plan in the 2024 interim results.
Read originalPrudential plc has declared its first interim dividend for 2024 of 6.84 US cents per ordinary share. Shareholders on the UK and Hong Kong registers can elect to receive the dividend in pounds sterling, Hong Kong dollars or US dollars, with the deadline for US dollar payment elections on 30 September 2024. ADR holders will receive payment in US dollars through JPMorgan, while shareholders on the Singapore CDP register will receive payment in Singapore dollars. The ex-dividend date is 5 September 2024, the record date is 6 September 2024, and payment is expected to be made on 23 October 2024.
Read originalPrudential announced a regional partnership with Bangkok Dusit Medical Services (BDMS), Thailand's largest private hospital network, to provide breast cancer treatment and related support services in Thailand for its insured customers in Hong Kong, Indonesia, Vietnam, Cambodia, and Myanmar. Eligible customers can enjoy pre-set cost caps for a 12-month treatment period at Bangkok Hospital, covering treatment costs and designated accommodation expenses, with related fees covered by Prudential policies as agreed. Customers also receive translation services, airport transfers, and concierge support.
Read originalPrudential plc has announced the promotion of four executives to the Group Executive Committee, effective 1 July 2022: Seck Wai-Kwong, Chief Executive Officer of Eastspring Investments; Dennis Tan, Chief Executive Officer of Prudential Singapore; Lilian Ng, Chief Executive Officer of Insurance Business; and Solmaz Altin, Group Chief Strategy and Transformation Officer.
Read originalPrudential has announced the appointment of Anil Wadhwani as Group Chief Executive, effective 25 February 2023, subject to final approval by the Hong Kong Insurance Authority. Anil Wadhwani was previously President and CEO of Manulife Asia, with over 30 years of experience in the financial industry, and will be based in Hong Kong upon taking up the role. The appointment also marks the departure of Nic Nicandrou, Chief Executive of Asia and Africa, a role that will be discontinued.
Read originalPrudential plc has formally adopted the UN Women's Empowerment Principles (WEPs), signed on its behalf by interim Group Chief Executive Mark FitzPatrick, committing to advance gender equality and women's empowerment in the workplace and in the markets and communities where it operates.
Read originalPrudential Hong Kong officially appointed Lawrence Lam as Chief Executive Officer on August 25, 2022, with the appointment taking immediate effect. Lawrence Lam will be responsible for driving the growth and development of Prudential's life and general insurance businesses in Hong Kong, reporting to Lilian Ng, Managing Director of Prudential Group's Strategic Business Group. Before joining Prudential, Lawrence Lam served as Chief Executive Officer of Citi Hong Kong's Consumer Banking business, with extensive experience in building multi-channel distribution networks and digital transformation.
Read originalPrudential announced the appointment of Jennifer Tear as Group Director of Corporate Affairs, effective immediately. She will be responsible for the group's corporate communications and government relations, reporting to Group Chief Executive Officer Mark FitzPatrick. Jennifer Tear previously worked at Johnson & Johnson's Janssen Pharmaceuticals as Vice President of Communications and Public Affairs for the Asia-Pacific region, with extensive experience in communications and public affairs across regions and the public and private sectors.
Read originalPrudential and Google Cloud have announced a strategic partnership to accelerate digital transformation and enhance user engagement on its health and wealth platform, Pulse, leveraging Google Cloud's data analytics capabilities, secure and sustainable infrastructure, and Google ecosystem. The two parties will explore collaborations on Google Health, Document AI, Fitbit, and other initiatives, utilizing Google's data analytics, artificial intelligence, and machine learning tools to optimize customer interactions and advance digital claims processing. Prudential has over 530,000 agents across 23 markets in Asia and Africa, serving more than 19 million customers.
Read originalPrudential announced on September 5, 2022 that its shares listed on the Hong Kong Stock Exchange (stock code 2378) have been officially included in the Shenzhen-Hong Kong Stock Connect trading targets, effective immediately. Eligible mainland investors can directly trade the shares through the Shenzhen Stock Exchange, with a participation threshold of no less than RMB 500,000 in total securities and cash account balances. On the same day, Prudential officially joined the Hang Seng Composite Index constituents.
Read originalPrudential won the International Financing Review (IFR) Asia Capital Markets Award for Secondary Equity Offering for its international placement and Hong Kong public offering completed on the Hong Kong Stock Exchange in October 2021. The offering raised approximately HKD 18.5 billion (USD 2.4 billion). IFR noted that the offering set a precedent for Hong Kong retail investor participation in share placements, reinforcing Hong Kong's position as an international financial center.
Read originalPrudential plc announced its first interim dividend for 2023 of 6.26 US cents per ordinary share. Shareholders on the UK and Hong Kong registers can elect to receive the dividend in pounds sterling, Hong Kong dollars or US dollars, with the currency election deadline set for 29 September 2023. The ex-dividend date is 7 September 2023, and the payment date for holders in Hong Kong, the UK and US Depositary Receipts is 19 October 2023.
Read originalPrudential has released two white papers on climate transition finance focused on emerging markets, launching a climate transition investment framework applicable across asset classes, which has received technical review endorsement from the Climate Bonds Initiative. Prudential also announced two climate transition fund investments: a US$200 million commitment as a founding investor in the Brookfield Catalytic Transition Fund, and a commitment of up to US$150 million to a climate-focused strategy managed by KKR.
Read originalPrudential announced the appointment of Ben Bulmer as Chief Financial Officer, subject to regulatory approval. He will join the Group Executive Committee, report to the Chief Executive Officer, and be based in Hong Kong. Former Chief Financial Officer James Turner resigned following an investigation into recruitment-related matters involving the code of conduct. He will remain for four months to support the transition, and a portion of his past variable compensation awards will be forfeited. This personnel change will not affect the Group's financial performance, reporting, or operations.
Read originalPrudential hosted a gala dinner themed "Celebrating Life" in Hong Kong on May 30, 2023, to mark the 175th anniversary of Prudential Group and its 100th year of operations in Asia. Hong Kong Chief Executive John Lee delivered a video address. Prudential has operated in Hong Kong since 1964, serving over 1.33 million customers. Anniversary celebrations also included free Star Ferry rides, art exhibition sponsorships, and complimentary music festival tickets.
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