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Prudential is being tarred with the same brush as other companies operating predominately in Asia. Prudential's share price is down 20% since the beginning of 2023, not because of poor underlying performance but because investors have built in a discount because of where they operate.
Independent view. The Prudential Assurance Company Limited With-Profits Fund, as at December 2022, has a 5/5 rating for financial strength from AKG Financial Analytics Ltd, who are specialists in providing independent With-Profits ratings. This is the highest rating that AKG. Source: AKG With-Profits Report (PDF).
The financial health and growth prospects of PRU, demonstrate its potential to outperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Before the pandemic, Prudential's assets, equity and earnings were growing fairly consistently at mid-teen rates. The dividend was cut before the pandemic, but that isn't a major problem because it was cut so that more earnings could be reinvested to fuel higher expected growth rates.
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The Prudential Investment Plan is an investment bond where you can invest your money in a range of different funds that aim to increase the value of your investment over the medium- to long-term, so 5 to 10 years or more.
This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months. Prudential's analyst rating consensus is a Strong Buy. This is based on the ratings of 13 Wall Streets Analysts.
Fitch has also affirmed PFI's Long-Term Issuer Default Rating (IDR) at 'A' and senior unsecured debt ratings at 'A-'. The Rating Outlook is Stable. Today's rating affirmation reflects a review of current operating results including previously announced reinsurance transactions.