The company told shareholders ‘business momentum’ continued in the third quarter.
Financial services giant Prudential revealed another rise in sales over the third quarter but reported a slight slowdown.
The insurance and asset management specialist said on Monday that business profit rose by 37% to 2.14 billion dollars over the nine months to September 30 as a result. Meanwhile, it recorded a 40% rise in Annual Premium Equivalent sales to 4.42 billion dollars for the period, led by growth in Hong Kong.The company said sales in mainland China are higher than a year earlier, but highlighted that “industry-wide changes in both product and bancassurance distribution regulations” and Prudential’s own efforts to diversify its mix of products have caused “some disruption” to sales.
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