Prudential saw a share price increase of 4.3% to 1,072.5p in late morning trading on Wednesday after the company reported an increased operating profit and dividend.
The insurance group reported an adjusted operating profit of $3.2 billion compared to $2.7 billion in 2020.
Prudential also reported a total dividend per share of 17.2c against 16.1c in 2020.
The company had a total revenue, net of reinsurance, of $26.5 billion compared to $36.2 billion in 2020.
Prudential also saw a rise in gross premiums of $25.2 million against $23.4 million in 2020.
The group is reportedly set to continue its growth across Asia and Africa, following the strategic repositioning the company undertook in 2021.
Prudential said it would be relying on its multi-channel approach, alongside its investment in new business, distribution and product enhancements to bring value to shareholders over the long term and weather the current geopolitical market volatility.
“Prudential has delivered high-quality, resilient growth as we completed the strategic re-positioning of our business to focus solely on Asia and Africa,” said Prudential retiring CEO Mike Wells.
“We have continued to deliver for our customers against the backdrop of the Covid-19 pandemic, and I would like to record my deep gratitude to our staff and agents for their outstanding efforts.”
“We continue to invest for the long term in new products, additional distribution capabilities and enhanced digital capabilities, to build our presence as a leading agency and bancassurance player and to access new pools of customers.”
“We enter 2022 with a strong balance sheet and capital position.”