Financial PerformancePrudential reported a robust 3Q24 VNB growth of +11% y/y, significantly beating consensus expectations, supported by strong performances in HK, China and Singapore.
Growth And ExpansionGrowth in agent activities and new recruits is seen as a positive sign for future performance, driven by initiatives like the expansion of the PRUVenture programme and increased technology-empowerment to agents.
IPO And ValuationThe IPO represents an important value-discovery exercise for Pru, confirming that the AMC segment had been significantly undervalued historically.