{"id":10085,"date":"2023-11-06T08:02:38","date_gmt":"2023-11-06T08:02:38","guid":{"rendered":"https:\/\/infundpros.com\/investment\/prudential-plc-9-mos-ape-sales-4-42b-up-40-on-year-2378-hk\/"},"modified":"2023-11-06T08:02:38","modified_gmt":"2023-11-06T08:02:38","slug":"prudential-plc-9-mos-ape-sales-4-42b-up-40-on-year-2378-hk","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10085","title":{"rendered":"Prudential PLC 9-Mos APE Sales $4.42B, Up 40% on Year >2378.HK"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231105-701633\" role=\"document\">\n<p>By Sherry Qin<\/p>\n<pre><\/pre>\n<p>Prudential PLC said Monday that nine-month sales rose significantly due to positive developments in multiple channels and geographic markets.<\/p>\n<p>The insurance-and-investment business said APE sales&#8211;a measure that comprises the aggregate of annualized regular premiums and a 10th of single premiums on new business written during the year for all insurance products&#8211;rose 40% to $4.42 billion.<\/p>\n<div class=\"paywall\">\n<p>The increase was led by Prudential&#8217;s Hong Kong market, with higher sales to both mainland Chinese visitors and domestic customers compared with the same period last year.<\/p>\n<p>New business profit rose 37% to $2.14 billion, which it attributed to its multimarket, multichannel strategy.<\/p>\n<p>Going forward, the company said its diversified business model and strong capitalization position will help it navigate ongoing challenges in the macroeconomic and geopolitical environment.<\/p>\n<p>&#8220;New business momentum has continued into the fourth quarter supported by our multi-market growth engine,&#8221; Prudential added.<\/p>\n<pre><\/pre>\n<p>Write to Sherry Qin at sherry.qin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/prudential-plc-9-mos-ape-sales-4-42b-up-40-on-year-2378-hk-9fe7d1bc?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sherry Qin Prudential PLC said Monday that nine-month sales rose significantly due to positive developments in multiple channels and geographic markets&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":1200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-10085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prudential PLC 9-Mos APE Sales $4.42B, Up 40% on Year &gt;2378.HK | inFundPros<\/title>\n<meta name=\"description\" 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