PRUDENTIAL Business Summary

Prudential plc (PUK) operates as a leading international life and health insurance and asset management group, having strategically pivoted into a pure-play growth vehicle focused exclusively on Asia and Africa. The company generates revenue through a diversified multi-channel distribution model—leveraging a massive agency force and over 190 bancassurance partnerships—to collect insurance premiums, policy fees, and investment income. Its business is organized into three primary geographic segments: Greater China (including a significant CITIC-Prudential joint venture), ASEAN and India, and Africa, complemented by its asset management arm, Eastspring Investments, which manages approximately $254 billion in assets. Prudential competes directly with AIA Group, Manulife Financial, and Ping An Insurance; it distinguishes itself through its "digital-first" health strategy and dominant market positions in 10 out of 11 Southeast Asian markets, positioning it as a primary beneficiary of the expanding middle class and the significant protection gap in emerging economies. Originally founded in London in 1848, Prudential is currently led by Chief Executive Officer Anil Wadhwani, who joined in 2023 with over 30 years of experience from Manulife and Citigroup to accelerate the firm’s Asian transformation. The executive leadership includes Chief Financial Officer Ben Bulmer, a veteran of the company’s Asian operations, and Chief Technology and Operations Officer Anette Bronder, alongside Eastspring Investments CEO Rajeev Mittal. The board is chaired by Shriti Vadera, with Sir Douglas Flint designated to succeed her in May 2026, and includes prominent independent directors such as Chua Sock Koong and Ming Lu. The company maintains a robust institutional shareholder base, with major stakes held by BlackRock, The Vanguard Group, and Norges Bank Investment Management, reflecting its status as a core constituent of the FTSE 100 and a key player in global capital markets.