Strategic Expansion and Growth slide image

Strategic Expansion and Growth

Asia Markets returned to year-on-year growth in 2Q Thailand Partnership momentum 15-year exclusive partnership with TMB (APE up +81%) Digital lifestyle & health collaboration signed with The 1 Central Focus on quality H&P APE growth +67% H&P renewal premium up +13% • 94% customer retention ratio Leveraging technology Virtual sales process launched at UOB, TBank E-Payment rate 83% (vs. 71% in FY19) Vietnam Enhancing distribution capabilities SeABank partnership launched in April • 22% increase in agent recruits² Pivot to more balanced mix • Banca APE +55% Focus on quality . Total renewal premium up +13% • +15% increase in H&P APE • 99% regular premium 95% customer retention ratio • Taiwan Profitable growth Shift to higher-margin Par products NBP up +19%, double-digit growth in 1Q and 2Q Diversification of distribution • Strong broker sales, APE 4X of last year levels • 17 bank partners and 15 broker relationships Focus on quality • 98% customer retention ratio APE Earnings¹ +45% to $90m 1Q20 +33% 2Q20 +19% to $75m +56% क PRUDENTIAL Data as of HY20 and growth on a constant exchange rate basis unless stated otherwise. 1. IFRS pre-tax operating profit 2. Year on year growth vs HY19 APE +8% to $95m Earnings¹ APE Flat +16% Regular premium +15% Earnings¹ +16% 1Q20 2Q20 1Q20 2Q20 $125m to 0% +14% i -10% +11% $37m $144m 27 27
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