Prudential Plc. is multinational life insurance company. It is headquartered in London, United Kingdom.
Image: company website
It was established in 1848 to provide loans to professional and working class, and its largest division is in Asia as Prudential Corporation Asia. It has over 13 million customers in 12 Asian countries, and the top-three insurance provider to Hong Kong, India, Indonesia.
The UK division has more than 7 million customers, and is leading insurance provider in UK. It also owns Jackson National Life Insurance Company of US. It is the largest life insurance providers in US. In 2013 Prudential acquired Express Life, the Ghanaian insurance company. This way it has made an entry to African market. To establish more itself in Africa it purchased Kenya’s life insurance company Shield Assurance and rebranded as Prudential Kenya. It has primary listing on London stock exchange. It is also a constituent of FTSE 100 index.
Also now in the markets it is the best time to buy Prudential Shares. Since Prudential has operation all around the world including in the emerging markets of Asia. With time these emerging markets will mature, these markets have shifted from manufacturing to financial services. In emerging markets middle class grow richer and they need a place to park their money. So they will invest in savings and insurance. This company is in good place to take advantage of rapid growth of financial services in the region.
The prudential stock has rocketed since and now not well in its highs so it’s the best time to buy-in.In 2015 in a major shuffling it was announced that CEO Tidjane Thiam, will be leaving Prudential. He is set to become the CEO of Credit Suisse. Now the new head will be Mike Wells, who would succeed Tidjane Thiam, with a pay package of around to £7.5 million.