Don't Read Too Much Into Prudential's Update

We caution investors not to read too much into the Pru's interim statements as they only contain management's chosen highlights for the quarter

Vincent Lui, CFA 7 December, 2011 | 10:17AM
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Prudential (PRU) released its third-quarter management statement Tuesday, with results showing increases in both new business profits and sales growth. We caution investors not to read too much into these interim statements, however, because the release does not include a comprehensive balance sheet or income statement, but rather represents management's chosen highlights for the quarter. New business profit has risen 14% year to date and totals £1.5 billion. The margin rose 2 percentage points compared with the nine-month period a year ago and totals 57% this year. Profit growth was strong across many bus

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Prudential PLC1,457.00 GBX0.45Rating

About Author

Vincent Lui, CFA  Vincent Lui, CFA is an equity analyst for Morningstar, covering life insurance companies.