Prudential plc (HKG: 2378)

Prudential Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	9,741	9,371	8,549	22,373	21,870	43,481
Total Interest & Dividend Income	9,285	9,739	-29,313	2,862	13,762	49,555
Gain (Loss) on Sale of Investments	-22	-22	55	647	-	-
Other Revenue	-8,060	-8,050	28,631	641	615	700
Total Revenue	10,944	11,038	7,922	26,523	36,247	93,736
Revenue Growth (YoY)	-0.64%	39.33%	-70.13%	-26.83%	-61.33%	161.50%
Policy Benefits	4,857	4,539	3,919	18,911	28,588	83,905
Policy Acquisition & Underwriting Costs	2,745	2,745	2,453	1,584	1,771	2,061
Selling, General & Administrative	-	-	-	3,125	2,433	5,019
Other Operating Expenses	-	-	-	-152	447	203
Total Operating Expenses	7,602	7,284	6,372	23,468	33,239	91,188
Operating Income	3,342	3,754	1,550	3,055	3,008	2,548
Interest Expense	-463	-463	-463	-331	-316	-516
Earnings From Equity Investments	-261	-91	-85	352	517	397
Currency Exchange Gain (Loss)	4	4	-525	-	-	-
Other Non Operating Income (Expenses)	-1,018	-932	-996	-	-10	-
EBT Excluding Unusual Items	1,604	2,272	-519	3,076	3,199	2,429
Other Unusual Items	-69	-	-	-58	-20	-142
Pretax Income	1,535	2,272	-519	3,018	3,179	2,287
Income Tax Expense	588	560	478	804	711	334
Earnings From Continuing Ops.	947	1,712	-997	2,214	2,468	1,953
Earnings From Discontinued Ops.	-	-	-	-4,234	-340	-1,161
Net Income to Company	947	1,712	-997	-2,020	2,128	792
Minority Interest in Earnings	-70	-11	-10	-22	-10	-9
Net Income	877	1,701	-1,007	-2,042	2,118	783
Net Income to Common	877	1,701	-1,007	-2,042	2,118	783
Net Income Growth	-39.31%	-	-	-	170.50%	-80.52%
Shares Outstanding (Basic)	2,741	2,741	2,736	2,628	2,597	2,587
Shares Outstanding (Diluted)	2,749	2,747	2,736	2,628	2,597	2,587
Shares Change (YoY)	0.38%	0.40%	4.11%	1.19%	0.39%	0.43%
EPS (Basic)	0.32	0.62	-0.37	-0.78	0.82	0.30
EPS (Diluted)	0.32	0.62	-0.37	-0.78	0.82	0.30
EPS Growth	-39.62%	-	-	-	169.70%	-80.63%
Free Cash Flow	1,685	788	1,044	-181	1,909	-5,372
Free Cash Flow Per Share	0.61	0.29	0.38	-0.07	0.74	-2.08
Dividend Per Share	0.210	0.205	0.188	0.172	0.161	0.463
Dividend Growth	9.07%	9.00%	9.00%	7.02%	-65.20%	-27.08%
Operating Margin	30.54%	34.01%	19.57%	11.52%	8.30%	2.72%
Profit Margin	8.01%	15.41%	-12.71%	-7.70%	5.84%	0.84%
Free Cash Flow Margin	15.40%	7.14%	13.18%	-0.68%	5.27%	-5.73%
EBITDA	3,760	4,183	1,938	3,404	3,060	2,872
EBITDA Margin	34.36%	37.90%	24.46%	12.83%	8.44%	3.06%
D&A For EBITDA	418	429	388	349	52	324
EBIT	3,342	3,754	1,550	3,055	3,008	2,548
EBIT Margin	30.54%	34.01%	19.57%	11.52%	8.30%	2.72%
Effective Tax Rate	38.31%	24.65%	-	26.64%	22.37%	14.60%
Revenue as Reported	-	-	-	26,500	36,247	93,736

Source: S&P Capital IQ. Insurance template. Financial Sources.