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First-quarter sales up 27% at Prudential
INSURER Prudential has reported a 27 per cent rise in first-quarter sales, boosted by strong business in Asia.
The group is under pressure to show evidence of growth after it rejected a takeover bid from rival Aviva last month, saying the deal did not reflect its growth prospects.
Chief executive Mark Tucker said: "These results show the group has momentum."
New business sales for the first three months of the year totalled 637 million. Sales in Britain rose 17 per cent to 244m.
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Monday 28 May 2012
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