- The markets in which Prudential (SGX:K6S) has footprints are growing twice as fast as the rest of the world; the rapidly rising middle-class population in Asia is expected to increase the awareness and demand for protection and wealth management solutions.
Well positioned to capture structural life insurance opportunities in fast-growing Asian market.
- - Read this at SGinvestors.io -
Ambitious targets set over the next five years to 2027.
- Prudential has set ambitious targets to grow its value of new business (VNB) from US$2.2bn in 2022 to US$4.4-4.5bn over the next five years, mainly driven by a 2.5x-3x VNB increase in the agency channel, with more active agents and higher agent productivity, and 1.5x-2x increase in the bancassurance channel, with higher penetration of two major strategic partners, and an improving margin with a higher protection mix.
- - Read this at SGinvestors.io -
A low-teens VNB growth expected in FY24F.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Iris GAO DBS Group Research | Ken SHIH DBS Research | https://www.dbs.com/insightsdirect/ 2024-04-25
Read also DBS's most recent report:
2024-08-30 Prudential - Value Growth Regaining Momentum.
Price targets by other brokers at Prudential Target Prices.
Listing of research reports at Prudential Analyst Reports.
Relevant links:
Prudential Share Price History,
Prudential Announcements,
Prudential Dividends & Corporate Actions,
Prudential News Articles
